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House softens stance on Tax Reform Bills

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The House of Representatives has softened its stance on the Tax Reform Bills.

Yesterday, after a three-hour generally positive debate by members, the Bills scaled second reading and passed for public hearing.

This is unlike the situation when the Bills were sent by President Bola Ahmed Tinubu to the Green Chamber in October.

Following opposition from a section of the ruling class, the House exploded in uproar over the Bills, forcing Speaker Abbas Tajudeen to dissolve the House into and Executive session after which all issues on the Bills were kept in ambiance to allow for consultations.

But at the Senate, the Bills were quickly debated and moved to the public hearing stage.

The Bills are the Nigeria Revenue Service (Establishment) Bill, the Nigeria Tax Bill, the Nigeria Tax Administration Bill, and the Joint Revenue Board (Establishment) Bill.

The bills were consolidated into one at the House for a seamless debate.

The proposed laws were read for the first time on October 8 but debate by the House was put on hold due to disagreement on the content of the bill, especially by Northern leaders and the Nigerian Governors’ Forum (NGF).

Although the House engaged government officials on the benefits of the bills, Speaker Tajudeen asked members to engage in wide consultations with their constituents to pave the way for a robust debate.

Apart from some observations on certain areas of the bills that appeared not in tandem with some sections of the 1999 Constitution and a few other clauses, members unanimously okayed the bills for a second reading.

Minority Leader Kingsley Chinda said while opposition members supported the spirit behind the bills, some had issues with certain aspects.

Chinda noted that the bills seek to rejig the nation’s tax system for effective revenue generation. He pointed out that for every law, there must be the spirit of the letters.

He said: “We have all agreed that the spirit behind the four bills is good.‘’

But we have issues with some of the letters of the bills. Why we oppose some letters of the bills, we support the spirit and want to assure Nigerians that we will watch those letters and at the appropriate time, we will ensure that the letters are corrected in the interest of Nigerians.

“He advocated a reduction in the Value Added Tax(VAT), saying ‘’It is possible to reduce tax, while efforts should be made to tidy up all areas of conflicts..’’

House Leader Julius Ihonvbere thereafter set the tone for the debate by explaining that the bills were intended to overhaul the country’s outdated tax laws.

Ihonvbere reassured the public that the reforms would benefit ordinary Nigerians without imposing tax burdens on the poor.

While appreciating those who hold opposing views to the bills, he said their views helped strengthen the bills.

The House leader charged members to “be part of history in reforming the tax system to promote revenue growth, increase employment and better the life of ordinary Nigerians.

Minority Whip, Ali Isa commended Speaker Abass for creating an opportunity for members to engage and consult widely on the contentious parts of the bills.

Isa however expressed concern about clause 146 which encourages a gradual increase in VAT from 7.5 percent to 10 percent and later 15 percent.

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CBN Debunks Viral Fake News of ₦5,000 Banknote Featuring President Tinubu’s Image

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The Central Bank of Nigeria (CBN) has firmly dismissed as fake a circulating image purporting to show a new ₦5,000 banknote bearing the portrait of President Bola Ahmed Tinubu.

In a statement posted on its official X (formerly Twitter) handle on Thursday, April 9, 2026, the apex bank declared: “This content is fake. Let the public be guided.” The clarification came after the image went viral on social media, sparking debates and reactions among users who questioned its authenticity.

The viral mock-up, which some claimed was a “first sample” of a redesigned higher denomination note, has been identified by fact-checkers and media outlets as AI-generated.

Tests using AI detection tools reportedly showed over 90% AI-generated content, and earlier versions of similar images carried watermarks linked to Grok, an AI tool on the X platform.

This is not the first time such claims have surfaced. In 2025, the CBN similarly debunked reports of impending introductions of ₦5,000 and ₦10,000 notes, describing those as false and clarifying that no such policy or designs were in the works.

The CBN urged Nigerians to disregard the misleading image and rely only on official communications from the bank. It has not announced any plans to introduce new currency denominations or redesign existing notes with the president’s image.

The development comes amid ongoing efforts by authorities to combat misinformation that could potentially cause public confusion or economic anxiety regarding the naira.

Members of the public are advised to verify currency-related information directly through the CBN’s official website (cbn.gov.ng) or verified channels.

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Police Debunk Viral “Terror Attack” Video in Abuja, Launch Investigation

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The Federal Capital Territory (FCT) Police Command has dismissed as false and misleading a viral video claiming terrorists were advancing on Abuja with heavy gunfire.

In a statement on Thursday, the Command said there was no terrorist attack or security breach anywhere in the Federal Capital Territory.

Commissioner of Police, Ahmed Sanusi, described the video as a deliberate attempt to incite panic and spread misinformation.

According to the Police Public Relations Officer, SP Josephine Adeh, preliminary investigations revealed that the gunshots in the footage were manipulated and edited from an unrelated source, then superimposed on visuals of buildings under construction at an unidentified location.

The Commissioner has ordered a full forensic analysis to trace the origin of the video and identify those responsible for prosecution.

The FCT Police warned content creators and social media users against spreading false information that could cause fear and public disorder.

Residents were urged to disregard the video and refrain from sharing unverified content.

The Command reassured residents of its commitment to maintaining safety and security in the FCT.

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US Declares 23 Nigerian States High-Risk for Citizens

Southern and Southeastern states were not spared. The Department urged caution in Abia, Anambra, Bayelsa, Delta, Enugu, Imo, and Rivers (excluding Port Harcourt), citing crime, kidnapping, and violent protests.

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Photo: President Donald Trump; President Bola Tinubu

The United States Department of State has classified 23 Nigerian states “High Insecurity Risks” for its citizens to go , work and live.

In an updated travel advisory issued on Wednesday, the Embassy in Nigeria urged Americans to reconsider travel to Nigeria, with certain states classified under “Level 4: Do Not Travel” due to heightened security risks.

Plateau, Jigawa, Kwara, Niger, and Taraba were added to the list, bringing the total to 23 states where travel is strongly discouraged.

In Northern Nigeria, the advisory highlighted Borno, Jigawa, Kogi, Kwara, Niger, Plateau, Taraba, Yobe, and northern Adamawa as particularly high-risk, citing terrorism, kidnapping, and violent crime.Bauchi, Gombe, Kaduna, Kano, Katsina, Sokoto, and Zamfara were also flagged due to civil unrest, widespread crime, and kidnappings.

“The security situation in these states is unstable and uncertain due to civil unrest. Widespread violence between communities and armed crime, including kidnapping and roadside banditry.

“Security operations to counter these threats may occur without warning,” the advisory warned.

Southern and Southeastern states were not spared. The Department urged caution in Abia, Anambra, Bayelsa, Delta, Enugu, Imo, and Rivers (excluding Port Harcourt), citing crime, kidnapping, and violent protests.

“Crime is widespread in Southern Nigeria. There is a high risk of kidnapping, violent protests, and armed gangs,” the advisory stated.

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