Author: Alade Adisa

As the debate rages in the public domain on President Bola Tinubu’s proposed tax reforms, and as Nigeria’s National Assembly deliberates on the tax bills before its floors, an essential religious concern has emerged on the matter that demands urgent attention. Within provisions of the proposed bills is a clause introducing taxes on inheritance wealth in a way that conflicts with religious teachings. Nigeria is a multi religious country whose laws should accommodate and support religious injunctions and not repeal them. 2.As a Muslim, I know that Islamic law (Sharia) unequivocally governs the distribution of inheritance through clearly prescribed shares.…

Justice Mojisola Dada of the Lagos State Special Offences Court in Ikeja, on Tuesday, issued a bench warrant against the former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, over alleged N76 billion and $31.5 million fraud. The judge ordered Kuru’s arrest for failing to appear before the court for his arraignment by the Economic and Financial Crimes Commission (EFCC). The court had scheduled Tuesday to arraign Kuru along with the Managing Director of Arik Air, Captain Roy Ilegbodu, the receiver manager of Arik, Kamilu Omokide, Union Bank Plc, and a company, Super Bravo Limited, for…

Based on actual data for October 2024, our simulation indicates that: To check figures shared on TV last night on the possible impact of the proposed VAT formula on states, we did a quick simulation. We ran what states got for October 2024 with what they would have received under the proposed formula.We assumed the following: Gainers: Delta would have gained the highest of N6.93b while Kwara would have gained the least of N74.26m.The picture looks slightly different in terms of percentages: 5 in the NE2 in the NC3 in the NW1 in the SE2 in the SS1 in the…

President Cyril Ramaphosa of South African has said that the country is open to more Nigerian investors looking to do business in one of the biggest economic powerhouses on the continent. Ramaphosa disclosed this on Tuesday at the opening of the 11th session of the Nigeria-South Africa Bi-National Commission (BNC) in Cape Town. President Bola Tinubu was in attendance at the high-level session. Ramaphosa pledged South Africa’s commitment to removing constraints on greater investment and addressing the challenges faced by companies in both countries. A statement issued by Bayo Onanuga, special adviser to Tinubu on information and strategy, quoted Ramaphosa…

Deposit Money Banks in the Federal Capital Territory (FCT) have raised their maximum over-the-counter withdrawal limit to N50,000 per day, up from the previous N5,000. This development follows improved cash availability, NEW DAILY PRIME has learnt. It was observed on Tuesday that banks such as Guaranty Trust Bank (GTBank) and Zenith Bank have implemented the new limits. At the GTBank branch along the airport road, customers can now withdraw N50,000 over the counter, while the Automated Teller Machines (ATMs) maintain a limit of N20,000. A bank official confirmed the changes, attributing the increase to the availability of more cash. “We…

The Minister of Federal Capital Territory, Nyesom Wike has said President Bola Tinubu is on a mission to transform satellite towns in the Federal Capital Territory (FCT) to cities by taking governance to the grassroots. Wike said this during the inauguration of the construction of Kabusa to Takushara road in Abuja on Tuesday. He assured that Tinubu will not fail the people of the rural areas in the FCT. The Minister said the Tinubu administration was committed to bringing development and governance to rural communities across the FCT. “One of the promises Tinubu made is that look, all people in…

Netumbo Nandi-Ndaitwah has been elected as Namibia’s first female president following a disputed election. 72-year-old Nandi-Ndaitwah is the cNamibia’s incumbent Vice-President and would become the first woman to rule the southern African country governed by the South West Africa People’s Organization (SWAPO) since independence in 1990. The Electoral Commission of Namibia (ECN) announced that she won with over 57 percent of ballots cast. Panduleni Itula, candidate for the main opposition Independent Patriots for Change (IPC), polled second with 25.5 percent of the votes. The presidential election was extended twice because of logistical and technical challenges which led to a shortage…

Catholic Bishop of Sokoto Diocese, Matthew Kukah, has said that the tax reform bills proposed by President Bola Tinubu will end “financial recklessness” among the elites. The cleric spoke on Tuesday when he featured on Morning Brief, a Channels Television’s programme. He expressed support for the bills, adding that he is educating himself on the provisions of proposed legislations. The clergyman said, “I am excited about the issue of tax reform bills because, first, I know nothing about it, but I have started educating myself. “It is important to get this thoroughly dysfunctional country working again through any form of…

Federal Capital Territory (FCT) Minister, Ezenwo Nyesom Wike, has reiterated his commitment to tackling criminal activities in Abuja, emphasizing that improved security will lower the cost of living by enabling farmers to return to their fields. Speaking on Tuesday during the flag-off of the 9.8-kilometer Kabusa-Takushara road project, Wike assured residents that the road, featuring a two-lane, seven-meter carriageway with solar-powered streetlights, will be completed within six months. He also addressed school administrators, cautioning against subjecting students to harsh conditions during official visits. “FCT school children must never be lined up under the sun to receive me,” Wike stated, highlighting…

Governor Francis Nwifuru of Ebonyi State has suspended the Commissioner for Local Government and Chieftaincy Matters, Uchenna Igwe over allegations of gross misconduct and dereliction of duties. The announcement came during a media briefing on Tuesday, where Nwifuru cited Igwe’s failure to oversee the timely payment of local government pensions by council chairmen. This latest suspension marks the fourth within a week. On November 25, 2024, Nwifuru indefinitely suspended Chinedu Nkah, Commissioner for Water Resources, alongside Housing Commissioner Francis Ori and Health Commissioner Dr. Moses Ekuma, who were both suspended for three months. In addition, senior officials in the Ministry…