News
Reps invite CBN gov for lifting forex ban on toothpicks, others
The lifting of the ban on foreign exchange for 43 items by the Central Bank of Nigeria may ruin local economy, a member of the House of Representatives, Sada Soli, warned on Tuesday on the floor of the House of Representatives.
This is just as the House invited the Governor of the Central Bank of Nigeria, Yemi Cardoso, to appear before it following the apex bank’s decision to lift the foreign exchange ban on fertiliser, cement, toothpick, and 40 other items.
The 43 items were in 2015 restricted from accessing forex at the official market rate.
CBN’s sudden decision to lift the ban comes against the backdrop of high volatility levels experienced in the foreign exchange market owing to the unification of all trading windows into the investors’ and exporters’ window (the official FX market) by President Bola Tinubu’s administration.
The apex bank had in a statement issued by its Director of Corporate Communications, Isa AbdulMumin said, “The CBN reiterates that the prevailing Foreign Exchange (FX) rates should be referenced from platforms such as the CBN website, FMDQ, and other recognised or appointed trading systems to promote price discovery, transparency, and credibility in the FX rates.”
At a plenary session on Tuesday, the Green Chamber passed a resolution to summon the CBN governor following the adoption of a motion of urgent public importance sponsored by Sada Soli, a member of the House representing Jibia/Kaita Federal Constituency, Katsina State on the platform of the All Progressives Congress.
Justifying the significance of the motion, Soli said the decision of the apex bank may lead to the closure of factories and ultimately erode the nation’s capacity to build the local economy.
In his words, it is doubtful if the new policy would make any meaningful impact on the Nigerian economy, stressing that “middlemen” may take undue advantage of it for their own good.
Contributing to the motion, a lawmaker representing Oshodi/Isolo II Federal Constituency, Lagos State, Jesse Onuakalusi, called for the immediate reversal of the policy until the House concludes a legislative action on the matter; a prayer that was rejected by the lawmakers.
An amendment to the motion by Kingsley Chinda, representing Obio/Akpor Federal Constituency, Rivers State noted that the Cardoso should appear before the House Committee on Regulatory Banking, Finance and Customs to explain the rationale behind the lifting of the ban was thereafter adopted.
News
Ex-Supreme Court Judge Justice Kalgo dies at 89
Kalgo JSC was appointed Justice of the Court of Appeal in February 1988 and was later elevated to the Supreme Court of Nigeria on November 25, 1998, where he served honourably as a Justice of the Supreme Court (JSC) until his statutory retirement at age 70 in May 2007.
•Justice Umaru Atu Kalgo (1937-2026)
A former Justice of the Supreme Court of Nigeria Hon. Justice Umaru Atu Kalgo (Rtd.), is dead, aged 89.
The retired jurist died at about 3:00 am on Tuesday morning after a prolonged illness and was buried by 2:30 pm in Sokoto in accordance with Islamic rites.
His transition, it was noted, marks the end of an era for a legal icon who dedicated nearly five decades of his life to the service of the law, justice and the Nigerian judiciary.
According to records, the late jurist was born on May 12, 1937, in Kalgo, Kebbi State (then part of the North-Western State).
He attended Elementary School Kalgo, Middle School Sokoto, Middle School Birnin-Kebbi and Government College Zaria (1953–1958).
Late Justice Kalgo pursued legal studies at the Institute of Administration, Ahmadu Bello University (ABU), Zaria; Council of Legal Education, London; College of Law Holborn, London; and the Nigerian Law School, Lagos. He was called to the Nigerian Bar in 1965.
Kalgo JSC began his career as an Administrative Officer in Northern Nigeria before transitioning to State Counsel (1965–1972) and later Deputy Solicitor-General of the North-Western State.
He was appointed High Court Judge for Kano and North-Western State in 1974, later serving on the Sokoto State High Court Bench. He was elevated to Chief Judge of Sokoto State on January 1, 1981, serving with distinction until 1988.
Kalgo JSC was appointed Justice of the Court of Appeal in February 1988 and was later elevated to the Supreme Court of Nigeria on November 25, 1998, where he served honourably as a Justice of the Supreme Court (JSC) until his statutory retirement at age 70 in May 2007.
Major contributions to the legal profession and development of Nigerian jurisprudence:
He penned numerous landmark judgments across constitutional, civil and criminal law during his tenure at the Appellate Court and Supreme Court, leaving behind a rich legacy of case law.
Justice Kalgo played critical roles in national law reform, including serving on the Constitution Review Committee (1987–1988), the Constituent Assembly (1988–1989) and the Law Revision Committee for the Laws of the Federation (1990).
News
Lawyers Back Tax Ombud’s Push for Greater Voluntary Compliance
…..by Chukwudi Achife, Chief Press Secretary to the Tax Ombud.
Nigerian lawyers have thrown their support behind the Office of the Tax Ombud’s campaign to boost voluntary tax compliance, describing taxation as a critical source of government revenue for infrastructure and social services.
The endorsement came during a panel discussion titled “Pay Now, Prosper Later” at the 66th Annual General Conference of the Nigerian Bar Association (NBA) in Port Harcourt, Rivers State.
The session featured Tax Ombud and Chief Executive Dr. John Nwabueze alongside senior lawyers, including Ahmed Raji, SAN. Participants stressed the need to strengthen public trust in tax authorities as a pathway to higher voluntary compliance and increased revenue.

R-L: Tax Ombud/Chief Executive, Office of the Tax Ombud, Dr. John Nwabueze, Nigerian Revenue Service’s representative, Mrs. Bolanle Oniyangi, and Ahmed Raji, SAN, during a panel discussion recently at the 66th Annual General Conference of the Nigerian Bar Association (NBA) in Port Harcourt, Rivers State.
Dr. Nwabueze told the audience that the Office remains committed to offering taxpayers an independent and impartial channel for resolving tax-related complaints fairly and promptly.
“The Office of the Tax Ombud will alleviate the burden of administrative and procedural issues for taxpayers, helping to foster trust between citizens and tax authorities,” he said. “It is our belief that the Office will contribute significantly towards bridging the gap between taxpayers and tax administration, making the tax system more accessible and trusted. We strive to ensure that tax grievances are resolved in an open and accountable manner, ultimately strengthening Nigeria’s tax system.”
Since opening to the public in January, the Office has received 22 complaints and resolved 14 of them, Dr. Nwabueze disclosed. He added that ongoing stakeholder engagement and public-awareness efforts aim to expand access to its services.
While noting that the Office is non-judicial, he described it as an important early-dispute-resolution mechanism that can ease pressure on the courts and other tax adjudication bodies.
Nigerians seeking information or wishing to lodge a complaint are encouraged to contact the Office of the Tax Ombud. Officials expressed confidence that growing public awareness will enable the Office to play a larger role in building a fairer, more transparent and trusted tax system.
News
Sanwo-Olu Wins 2026 Global Governance Prize
…..As the Governor Prepares to Deliver Keynote on Diaspora Investment
The Governor of Lagos State, Mr. Babajide Sanwo-Olu, has been named the recipient of the 2026 Global Transformation and Good Governance Prize by the Millennium Excellence Award USA.
In a letter from the Board of Directors of the Millennium Excellence Foundation (MEF), the award was conferred on Governor Sanwo-Olu after a rigorous selection process that recognised the extraordinary achievements and developmental trajectory of Lagos State under his leadership.
The letter stated: “The Board has unanimously resolved to confer upon His Excellency Babajide Sanwo-Olu one of the most prestigious honours bestowed under the auspices of the Foundation – the Global Transformation and Good Governance Prize by the Millennium Excellence Award USA.”
The award is conferred under the Royal Patronage of His Majesty Otumfuo Osei Tutu II, Asantehene of Kumasi. The Asantehene, regarded as one of Africa’s most respected monarchs, will personally present the honour alongside Her Royal Highness Lady Julia, Queen Consort, at the ceremony.
The Millennium Excellence Awards USA recognises outstanding individuals of African heritage and global contributors who have made significant impact in business, science, arts, philanthropy, and public service.
The ceremony will take place at the Warner Theatre, Washington D.C., on Saturday, 29th August 2026, with the Red Carpet commencing at 2:30 p.m.
Governor Sanwo-Olu will deliver a keynote address on positioning Lagos State, Africa’s largest sub-national economy, to diaspora communities. The address aims to attract investment in urban infrastructure, finance, and the state’s pipeline of investment-ready projects.
He will also participate in other sessions, including “Government Addresses: The Political Will Behind the Deal,” plenaries, and roundtable discussions focused on strengthening economic and social ties between Lagos and the diaspora.
Past laureates include Archbishop Desmond Tutu, Dr. Kofi Annan, Mo Ibrahim, Wole Soyinka, South African President Cyril Ramaphosa, Aliko Dangote, Tony Elumelu, and President John Dramani Mahama.
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