The Federal Government has said individuals and organisations indicted by the ongoing probes in the National Assembly would be prosecuted.

The Attorney-General of the Federation and Minister of Justice, Mr Michael Aondoakaa (SAN), gave the assurance yesterday in Abuja at his ministerial press briefing.

He debunked the view that the probes would be another `jamboree and nothing will come out of it''.

Aondoakaa declared: ``My office is monitoring with keen interest the probes that are going on in the National Assembly. Once the reports are completed and forwarded to us, we shall prosecute, without exemption, all those found culpable. Nobody is above the law, and so, anybody who runs foul of the law will be not be spared, no matter how highly placed.''

The Senate is currently probing the FCT administration, while the House of Representatives is probing the power and steel sector. A probe into the oil sector where former President Olusegun Obasanjo single-handedly held sway and thought to be marked by murky deals is also in the pipeline.

Aondoakaa said the Federal Government was examining the housing sector, to see how laws could be used to intervene and make life better for the people. He said it was criminal for any landlord to demand for two or three years rent in advance.

The minister said there would be a legislation to stop the act and make it a criminal offence punishable under the law.

``If most Nigerians are being paid monthly, why should they have to pay two or three years' rent in advance?'' he queried.

Aondoakaa said ``people don't make such advance payments in America or Britain. I am not sure they pay like that in Ghana and Kenya either''.

He said government also planned to review the investment laws, to establish friendly and predictable business environment. “There is presently a team of investment law experts working on the review of investment laws in Nigeria. We shall review such laws with a view to strengthening them to ease access to insurance funds and improved investment,'' Aondoakaa added.

He also reiterated government's commitment to the rule of law and said his office would soon host a summit on the Rule of Law, to further sensitise the people on the issue.