Mr Sani stated this in reaction to claims by Mr Buhari that Mr Obasanjo had sought a third term in office against the stipulated two term in the constitution.
This is after the house had adopted the report by the ad hoc committee set up on the New Minimum Wage Bill presented to the National Assembly by President Muhammadu Buhari on Thursday.
Members of the Ekiti State House of Assembly have impeached the Deputy Speaker of the House, Mr Segun Adewumi.
Mr Sani, a fierce critic of his state governor, Nasir El-rufai, is seeking re-election on the platform of the Peoples Redemption Party (PRP).
Mr Buhari presented the budget at a joint session of the National Assembly on Wednesday.
Messrs Saraki and Dogara were members of the APC until few months ago when they returned to the PDP.
Dismissing the report, Udoma said his comments were misconstrued.
The legislators made reference to a statement credited to Udoma Udoma, the minister of budget and planning as reason for their threat.
The speaker said this was contained in a letter sent to the legislative arm of government by Mr Buhari.
Also, Enyinnaya Abaribe, senator representing Abia south, said the consideration of the nominees should be stepped down until it is amended.