MARY-KATE AND ASHLEY OLSEN STEP OUT IN COORDINATED BLACK LOOKS FOR NEW YORK STROLL. (PHOTO).

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Mary-Kate and Ashley Olsen step out in coordinated black looks for New York stroll Mary-Kate and Ashley Olsen made a rare joint appearance in New York City, stepping out together for a relaxed afternoon in matching, understated fashion. The 39-year-old twins were seen walking through Midtown Manhattan on April 30, dressed in coordinated black trench coats paired with wide-leg denim. They completed the look with sunglasses, scarves, and structured alligator handbags from their luxury label, The Row, before stopping for lunch during their outing. Long before becoming fashion insiders, the sisters built global recognition as child actors through projects like Full House, It Takes Two, and New York Minute. Over time, they stepped away from Hollywood and fully transitioned into fashion, officially launching The Row in 2005. Mary-Kate now serves as creative director of the brand, while Ashley oversees it as CEO. In earlier interviews, Ashley has described the label’s beginnings as a small ex...
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REPS APPROVE FINANCE MINISTRY AMENDMENT BILL FOR SECOND READING. (PHOTO).

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 Reps Approve Finance Ministry Amendment Bill for Second Reading


The House of Representatives on Tuesday passed for a second reading a Bill aimed at repealing the Ministry of Finance Incorporated Act of 1959 and replacing it with the Ministry of Finance Act of 2024.


Leading the debate on the Bill's general principles, Ademorin Kuye explained that the Ministry of Finance Incorporated (MoFI) was established in 1959 by an Act of Parliament to act as the sole custodian of Federal Government assets across the country. However, Kuye pointed out that since its inception, MoFI has failed to function effectively due to issues such as asset mismanagement, diversion, and abuse.


Kuye emphasized that the 1959 Act, which consists of only six sections, is outdated and lacks the framework necessary for MoFI to operate efficiently in modern Nigeria. He highlighted that the proposed new Act would introduce a comprehensive framework with 49 sections, addressing the conduct, management, and custodianship of Federal Government assets.


He further explained that, if enacted, the Bill would revitalize MoFI by establishing a robust institutional framework, improving its corporate governance, and outlining its organizational structure. The Bill aims to ensure better ownership, accountability, and management of federal assets, as well as to empower the corporation to contribute to economic growth through efficient asset management, preventing abandonment and misappropriation.


Kuye also noted that the Bill would provide a strong legal foundation for creating a national corporation capable of managing and optimizing over N300 trillion worth of federal assets. This would be achieved by granting MoFI specific powers and ensuring that its board is properly incentivized.

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