Protect your heirs from incurring hefty bills – but beware ways it could backfire For most families, their home is their biggest asset. So it is no surprise that parents are increasingly giving property as gifts in order to avoid inheritance tax. Land Registry data shows that about 130,000 properties are given away each year. This rose to 152,000 in 2023 and is forecast to reach around 220,000 this year, according to figures obtained by estate agent Hamptons via a Freedom of Information request. This comes after Rachel Reeves launched a £2bn inheritance tax raid in her Budget. The Chancellor announced a range of…
Author: Alade Adisa
The Court of Appeal sitting in Akure has reinstated the elected local government chairmen and councillors sacked by Osun State governor, Ademola Adeleke. The court, in a judgment on Monday ordered the immediate resumption of office of the council officials who are all members of the All Progressives Congress (APC). Meanwhile, the Osun State Independent Electoral Commission (OSSIEC), has filed an appeal against the Appeal Court judgement. Governor Adeleke, on assumption of office in November 2022, sacked the local government officials after a High Court decision had earlier upturned their election. The High Court sacked the council officials after their…
In response to the recent 50 percent telecom tariff hike approved by the Nigerian Communication Commission (NCC), one of the leading telecommunications companies, MTN has increased the price of its data, calls and other services by at least 200 percent, irking Nigerians. The company (MTN) on Monday, jerked the price of the weekly data package of 15GB which initially cost N2,000 to a whooping N6,000, leaving many Nigerians in rage. The telco confirmed this in a post shared on its X (formerly Twitter) official page on Tuesday. It wrote: “Y’ello! Thanks for stopping by, We apologise for any inconvenience and…
The All Progressives Congress (APC) has taken the opposition Peoples Democratic Party (PDP) to the cleaners over the Monday meeting between former President Olusegun Obasanjo and the PDP 2023 presidential candidate, Atiku Abubakar, describing the meeting as a gathering of “indolent and lazy” politicians. The ruling party also declared that a possible alliance between the former leaders pose no threat to the re-election of President Bola Tinubu in 2027. Obasanjo’s erstwhile deputy, Atiku, led a high-powered delegation, which included former governor of Sokoto State, Aminu Tambuwal, former governor of Cross River State, Senator Liyel Imoke, and other political stalwarts to…
U.S. President Donald Trump warned Monday that “all hell” would break loose if every Israeli hostage is not released from Gaza within days after Hamas threatened to postpone further exchanges under a fragile ceasefire deal it said Israel was violating. The truce that went into effect on January 19 largely halted more than 15 months of fighting in the Gaza Strip and saw five groups of Israeli hostages freed in exchange for hundreds of Palestinians in Israeli custody. But tensions have been running high since a shock proposal by Trump to take over the Gaza Strip and remove its more…
….Portuguese superstar seals Saudi stay just days after celebrating 40th birthday Cristiano Ronaldo has reportedly agreed to sign a new contract extension at Al-Nassr, just days after turning 40. *Ronaldo agrees to extend Al-Nassr stay *Will stay in the Saudi league until June 2026 *Portuguese star turned 40 last week WHAT HAPPENED? Ronaldo, who joined the Saudi giants in January 2023 on a two-and-a-half-year deal, would have seen his contract run out at the end of the 2024/25 campaign. However, an Al-Nassr official has reportedly told the AFP that the Portuguese star has agreed to extend his stay for another…
A delegation led by former Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar had a closed-door mmeting with former President Olusegun Obasanjo at his residence in Abeokuta, the Ogun State capital on Monday. Among the delegation were former governors of Cross River and Sokoto states, Liyel Imoke and Senator Aminu Tambuwal. Also, a ranking senator representing Sokoto South, Abdul Ningi was part of the entourage. In various reports, the former vice president and his entourage arrived the Olusegun Obasanjo presidential library, Abeokuta at about 12:36 pm on Monday. Journalists were, however barred from having access to the venue, with stern…
By Tunde Akingbondere The media space is currently enmeshed in the loud argument over the tenure of the Inspector-General of Police(IGP), Kayode Egbetokun as well as the propriety of the amendment made to the Nigeria Police Act in the face of clearly stipulated legislative procedures guiding the entirety of our age long laws. This intellectual debate became quite popular with the courageous media salvo on the IGP by the presidential candidate of the African Action Congress (AAC) Omoyele Sowore. Sowore has over the years commissioned himself as a trenchant voice of the people, particularly in the light of his vigorous…
You have heard of neoliberalism and neoconservatism. Now welcome to the age of neoimperialism. The most striking moment in Donald Trump’s inaugural address last month was his pledge that the US “will once again consider itself a growing nation — one that increases our wealth, expands our territory”. Hopes that Trump’s talk of territorial expansion was an empty rhetorical flourish have faded. The president’s references to foreign territories that he would like to acquire are too frequent to be ignored or dismissed. Trump has confidently asserted that America will “get Greenland”. He has vowed to “take back” the Panama Canal.…
Justice Binta Murtala Nyako of the Federal High Court has adjourned the Treason and Terrorism trial of proscribed Indigenous People of Biafra (IPOB) leader, Nnamdi Kanu, indefinitely. Nyako adjourned the suit on Monday following Kanu’s insistence that the judge cannot preside over his case since she had recused herself. The proscribed IPOB leader had been insisting that the Judge recuse herself from his trial over alleged bias. On Monday, he insisted in court that the Judge is biased in the handling of his trial. Kanu’s trial was stalled after Nyako of the Abuja Federal High Court entered a recusal order…
