Connect with us

News

NEC Demands Withdrawal of Tax Reform Bills at NASS

Published

on

The National Executive Council (NEC) on Thursday recommended the withdrawal of the four tax reform bills sent to the National Assembly by President Bola Tinubu.

The NEC presided over by Vice President Kashim Shettima, decided at its meeting held at the Presidential Villa.

Membership of the NEC includes the governors of Nigeria’s 36 states. Governor Seyi Makinde of Oyo State, who was one of the attendees who briefed journalists, said the NEC called for the withdrawal so that “we can have wider consultations and also build consensus around these reforms…”

President Tinubu sent the four bills to the National Assembly as part of efforts to overhaul Nigeria’s tax system.

The bills seek to, among others, create a central revenue service that will collect all government revenues including those currently being collected by agencies like the customs and the ports authority.

The bills also seek to allocate more VAT revenues to states but would allow states where the VATs are generated to get the lion’s share. It is that latter position that northern leaders believe would not favour states in the region.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

JUST IN: EFCC releases VeryDarkMan

Published

on

Social media activist, Martins Otse, popularly known as VeryDarkMan, has been released from the custody of the Economic and Financial Crimes Commission.

His release was announced on Wednesday by former presidential candidate and activist, Omoyele Sowore, via his X handle.

“Thanks to unrelenting efforts of all @thatverydarkman has been released from unjust detention at the @officialEFCC.

He is with his ebullient lawyer, @adeyanjudeji,” Sowore tweeted.

More details later…

Continue Reading

News

JUST IN: Confusion as Lagos council chairman, Kolade Alabi, slumps at APC meeting (Photos)

Published

on

The Chairman of Bariga Local Government Area of Lagos State, Kolade Alabi, on Wednesday, suddenly slumped at the All Progressives Congress stakeholders’ meeting held at the party’s Secretariat in Ikeja, the state capital.

Alabi, who is the state chairman of the Association of Local Governments of Nigeria, was addressing party members when the sad incident happened.

Fortunately, he was subsequently revived and rushed away to the hospital in an ambulance for further treatment.

See photos below.

Details later….

Continue Reading

News

Herbert Wigwe: Pilot Error Results in Crash

In its final report released on Wednesday, the NTSB said the accident occurred after the pilot continued flying under visual flight rules (VFR) into weather conditions that required instrument flight protocols.

Published

on

By

The United States National Transportation Safety Board (NTSB) has concluded that the helicopter crash which claimed the lives of former Access Holdings CEO, Herbert Wigwe, his wife, son, and three others in February 2024 was caused by pilot error stemming from spatial disorientation.

In its final report released on Wednesday, the NTSB said the accident occurred after the pilot continued flying under visual flight rules (VFR) into weather conditions that required instrument flight protocols.

“The pilot’s decision to continue the visual flight rules flight into instrument meteorological conditions, which resulted in the pilot’s spatial disorientation and loss of control,” was cited as the probable cause of the crash.

Continue Reading

Trending