News
House softens stance on Tax Reform Bills
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.
News
BREAKING: Grandson of Chief Obafemi Awolowo, Olusegun Awolowo, is dead.
The grandson of Late Chief Obafemi Awolowo, known as Olusegun Awolowo is dead.
His passing was announced today by the Awolowo family in a statement.
The statement reads:
Statement on the Passing of Olusegun Awolowo
“With extremely heavy hearts, we announce the passing of our beloved husband, father and grandfather- Olusegun Awolowo.
“He was the world’s most phenomenal husband, father and grandfather — steady, wise, endlessly loving, and the constant anchor of our family.
A painfully loyal servant to Nigeria, he dedicated his life to the service of his country with vision, integrity, passion, and unwavering commitment.
He was a true family man, a great friend, a wonderful servant of God, and a deeply beautiful human being.
“He loved his family.
He loved his work.
He loved his country.
And he lived every day with purpose, humility, and a generous spirit that touched everyone who knew him.
“We are shattered by this loss, but forever grateful for his life, his legacy, and the love he poured into all of us. May his gentle soul rest in perfect peace.”
The statement added that “THE FAMILY WILL RECEIVE CONDOLENCES AT HIS RESIDENCE BETWEEN 2 – 4 PM DAILY.”
Crime
UPDATE: Nnamdi Kanu to face Life imprisonment
……Kanu’s Lawyer Ejimakor reveals next move after court judgment
Nnamdi Kanu’s legal team has vowed to appeal his life imprisonment sentence, insisting that the judgment delivered by Justice James Omotosho of the Federal High Court “does not hold water.
”Speaking to reporters shortly after the verdict, Kanu’s lawyer, Aloy Ejimakor, a consultant on the case, said they would take the matter to the Court of Appeal.
Ejimakor questioned the basis of the conviction, arguing that a man cannot be jailed for mere spoken words.
“What kind of precedent is being laid here? We are heading to the Court of Appeal,” he said.
“The Court of Appeal is the next forum in this country that sits as a jury. We will approach the justices to review what happened today, and we are confident they will see this as a travesty of justice.
”He added that if the Court of Appeal rules against them, they would proceed to the Supreme Court.
“Nnamdi Kanu is not going to stand convicted. The decision will be overturned,” he said.Ejimakor criticised the ruling as inconsistent with the evidence presented.
“This is the only day I have witnessed a man being convicted for mere pronouncements, for what he said, not for any act he committed.
“The sentence is overbroad, cruel, and unusual. How can someone be convicted for a broadcast from a location that was never named, without linking it to any act of violence or terrorism?,” he questioned.
Crime
BREAKING: (UPDATED ) Court Sends Nnamdi Kanu Back to Jail for Life
The Federal High Court in Abuja has sentenced the leader of the Indigenous People of Biafra, Nnamdi Kanu, to life imprisonment.
The presiding judge, Justice James Omotosho, handed down the sentence on counts one, four, five, and six, opting for life imprisonment instead of the death penalty.
The court said it was satisfied that Kanu made series of broadcasts to incite violence and killings, in furtherance of his separatist agitation for Biafra.
Trial Justice James Omotosho based his decision on what he described as “uncontroverted evidence” that was adduced before the court by the prosecution.
-
News2 days agoCourt Shifts Trial of Ansaru Terrorist Suspects to January 2026
-
News2 days agoPresident Tinubu Postpones Trip to G20 Summit Because of Country’s Insecurity
-
Entertainment2 days agoA Day I Will Never Forget : How bandits attacked our school – Student
-
News2 days agoLP’s Senator Okey Ezea is Dead
-
Politics2 days agoPolice Seals PDP WADATA House with Barbwires
-
News2 days agoSGF Akume’s Tributes to Dan Agbese
-
Business3 days agoLagos N200b bond oversubscribed by 55% at N310Billion
-
Entertainment3 days agoMr Jollof’s Brawl with VDM: ” I’m Very Sorry…It’ll Never Happen Again “
