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JUST IN: House of Representatives passes Tax Reform Bills
The House of Representatives has passed for the third reading the four Tax Reforms Bills the National Assembly received last October from the Executive arm of government.
The House, during plenary last Thursday, considered and approved the report of its Committee on Finance that worked on the Bills and the submissions received from Nigerians.
The Bills had generated a lot of controversy: northern leaders, the Nigeria Governors’ Forum (NGF) and other interest groups opposed some sections of the Bills.
During yesterday’s plenary, House Leader Julius Ihonvbere moved for the Bills to be read for the third time.
He noted that “a Bill for an Act to Provide for the Assessment, Collection of, and Accounting for Revenue Accruing to the Federation, Federal, States and Local Governments; Prescribe the Powers and Functions of Tax Authorities, and for Related Matters” be read for the third time.
Ihonvbere also moved “That A Bill for an Act to Repeal the Federal Inland Revenue Service (Establishment) Act, No.13, 2007 and Enact the Nigeria Revenue Service (Establishment) Bill to Establish Nigeria Revenue Service, charged with Powers of Assessment, Collection of, and Accounting for Revenue Accruable to the Government of the Federation and for Related Matters be read for the third time;
“A Bill for an Act to Establish Joint Revenue Board, the Tax Appeal Tribunal and the Office of the Tax Ombud, for the Harmonisation, Coordination and Settlement of Disputes arising from Revenue Administration in Nigeria and for Related Matters be read for the third time;
“A Bill for an Act to Repeal Certain Acts on Taxation and Consolidate the Legal Frameworks Relating to Taxation and Enact the Nigeria Tax Act to Provide For Taxation of Income, Transactions and Instruments, and for Related Matters be read for the third time”.
Members unanimously voted on the four Bills and they were read for the third time and passed.
The Bills will now be forwarded to the President for assent after their passage by the Senate and possible harmonasation of the Red and Green Chambers’ version.
The Bills had attracted serious opposition from members of the House, especially those from the North who argued that some provisions in the Bills were not in the interest of their people.
After a series of engagements brokered by Speaker Tajudeen Abbas, the House held a three-day public hearing followed by an eight-day retreat for members to fine-tune and collate the views of Nigerians before submitting their report to the House.
News
Nigerian Law school student dies after falling from hostel rooftop
The deceased was a student of the Nigerian Law School, Enugu campus, who was undergoing externship programme at the Lagos campus.
•Faith Alayande
A Nigerian Law School student identified as Faith Alayande, is dead after she fell from the rooftop at Lagos campus.
In a statement on Monday, Aderonke Osho, secretary to the council and director of administration, said that the deceased was a student of the Nigerian Law School, Enugu campus, who was undergoing externship programme at the Lagos campus.
Osho said preliminary findings revealed that the student died from injuries sustained after falling from the rooftop of the campus hostel around 4am on Friday.
The Nigerian Law School is deeply saddened by this tragic development.
“Management is working closely with the appropriate authorities and the family to establish the circumstances surrounding the incident, ensure that all necessary procedures are duly followed, and provide further information as appropriate.”
News
Ekwulobia Suspends New Yam Festival for Kidnap Billionaire Son
A source from the community said the traditional ruler of Ekwulobia where Ezeokafor hails from, His Royal Majesty, Igwe (Engr) Emmanuel Chukwukadibia Onyeneke, officially suspended the Ekwulobia New Yam Festival, saying there was no need to celebrate while their son remained in captivity.
• Joseph Ezeokafor
Ekwulobia community in Aguata Local Government Area of Anambra State has cancelled its New Yam festival celebration billed for September 4, 2026.
Ohibaba.com learned that this is because of the kidnap of billionaire businessman and owner of Jezco Group of Companies, Chief Joseph Ezeokafor.
Ezeokafor was kidnapped in Awka on Tuesday last week when he stepped out of his house without his security details to attend to his spiritual need, where he goes to offer prays.
Public Relations Officer of Anambra State Police Command, SP Tochukwu Ikenga who confirmed the development said that serious operation is currently ongoing to save the elder statesman.
His kidnap has sent his community into mourning, causing the postponement of the new Yam festival, an annual festival which holds on a static date every year.
A source from the community said the traditional ruler of Ekwulobia where Ezeokafor hails from, His Royal Majesty, Igwe (Engr) Emmanuel Chukwukadibia Onyeneke, officially suspended the Ekwulobia New Yam Festival, saying there was no need to celebrate while their son remained in captivity.
“The Igwe said the community of Ekwulobia cannot celebrate while their son remains in the custody of the kidnappers,” the source said.
News
NLC disrupts Air Peace flight
The affected Air Peace flight, scheduled to depart Lagos at 6:30am, could not take off as passengers waited amid the disruption.
The Nigeria Labour Congress (NLC) on Tuesday disrupted flight operations in Lagos, leaving passengers scheduled to travel on an Air Peace flight stranded at the airport.
Our Reporter learned that the “protest was intended to enforce Air Peace employees right to join the union.”
Zulu terminal gate was under lock and key. The protest started at about 5am.
The affected Air Peace flight, scheduled to depart Lagos at 6:30am, could not take off as passengers waited amid the disruption.
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