BREAKING

By our reporter The Nigerian Senate on Thursday passed for second reading four vital tax reform bills which seek to streamline tax processes and set up key tax institutions. The bills include proposals to establish the Joint Revenue Board, Tax Appeal Tribunal, and Tax Ombudsman Office, along with reforms to the Federal Inland Revenue Service (FIRS). The bills had earlier been presented for consideration today. The bills had stirred controversy with northern stakeholders and governors kicking against them. The proposed legislation includes the Nigeria Tax Bill 2024, designed to establish a fiscal framework for taxation, and the Tax Administration Bill,…

By Achadu Gabriel Heavily armed terrorists said to be members of Boko Haram and Islamic State for West African Province (ISWAP) on Tuesday evening reportedly invaded Bwalagang village, Chibok Local Government Area (LGA) of Borno state, North-East Nigeria. During the invasion, which was said to have occurred from about 6pm, two persons were allegedly killed while a church, identified as EYN and described as a popular worship centre in the area, as well as several houses, were razed by fighters of the terrorist groups, leaving the community virtually in ruins. Reports claimed that one of the two dead was a…

By our reporter Embattled immediate past governor of Kogi State, Yahaya Bello, and two others are to cool their heels further in the custody of Economic and Financial Crimes Commission (EFCC) till December 10, 2024, following their arraignment on Wednesday on charges of fraud to the tune of billions of Naira. Justice Maryann Anenih of Federal Capital Territory (FCT) High Court fixed the date for ruling in the bail applications by Bello and the other two. After taking arguments for and against the bail request by Bello’s lawyer, Joseph Bodunde Dauda, SAN, and EFCC's counsel, Kemi Pinheiro, SAN, Justice Anenih…

Former Minister of Finance, Senator Nenadi Usman, has emerged as chairman of the national caretaker committee of the Labour Party (LP). This decision was taken on Wednesday at the Labour Party’s extended stakeholders meeting held at the Banquet Hall of Abia State Government House in Umuahia, Abia State capital. The party's former chairman, Julius Abure was conspicuously absent at the well attended event. Usman, who defected to LP during the 2023 general elections, heads the caretaker committee consisting of 29 persons. She was elected senator to represent Kaduna South Senatorial District in the April 2011 elections on the platform of…

The Borno State Finance Commissioner, Ahmad Ali Ahmad, is dead. He was found dead in his bedroom on Monday morning. A statement by the Borno State Government on Monday has also confirmed the incident. There was no indication of the cause of death. Ahmad The statement signed by the Commissioner for Information and Internal Security, Usman Tar, also said the late Commissioner would be buried by 5 pm on Monday, August 26, 2024, at his family residence on Damboa Road, behind the Indimi residence in Maiduguri.”

Another Nigerian government executive jet has been seized by an aggrieved investor, this time in Canada. The jet, a Bombardier 6000 type BD-700-1A10, was previously seized from Dan Etete, a former petroleum minister, and had been stored in Canada.  Zhongshang Fucheng Industrial Investment Ltd, a Chinese company, successfully repossessed the private jet valued at $57million from the Nigerian government.  The company, which has been seeking to confiscate Nigerian assets, received the necessary paperwork for the transfer of custodianship from Canadian authorities in Montreal.This development comes after a Canadian court ruled in favour of Zhongshang, granting the company permission to seize…