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- BREAKING: Tinubu signs four tax reform bills into law
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- Tinubu to sign four tax bills into law today
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News
The National Security Adviser (NSA), Mallam Nuhu Ribadu, is on warpath with a prominent female Northern activist, Hajia Naja’atu Muhammad over claims she made in a recent TikTok video that has gone vira, and has demanded public apology and retraction from her. The woman activist had in the video, accused the NSA of hypocrisy with claims that he is now in cahoot with President Bola Tinubu and others he had…
Olu Verheijen, Special Adviser to President Bola Tinubu on Energy, stated that the federal government (FG) spends N200 billion monthly on electricity subsidies. In a statement yesterday, the presidential aide noted that despite this spending, only a few Nigerians are benefiting from the subsidies. She said: “Today, the Federal government spends over ₦200 billion per month on electricity subsidies, but much of this support benefits the wealthiest 25 per cent…
By Alade Adisa The committee set up by the Kaduna State House of Assembly to probe the administration of former Governor Nasir el-Rufai has recommended an investigation and possible prosecution of the former governor over alleged ₦423 billion fraud. According to the committee’s report, sighted by New Daily Prime, it also recommended an investigation and possible prosecution of all Commissioners for Finance who served during el-Rufai’s eight-year tenure as governor.…
The Governor of Kano State, Abba Yusuf, on Monday inaugurated the new Chairmen, Commissioners, and members of the Sharia, Zakkat, and Hubusi Commissions in a move aimed at further strengthening the state’s Islamic governance framework. The announcement was made public in a statement from the governor’s spokesperson, Sanusi DawakinTofa, on Tuesday. During the inauguration, Governor Yusuf highlighted the influential role of Kano in the Islamic world, noting the state’s numerous…
A Federal High Court in Abuja has ruled that the Independent National Electoral Commission (INEC) must pay N1.12 billion to the family of Mike Madu, a businessman who tragically lost his life in a road accident caused by an INEC driver in Kogi State. Justice Inyang Ekwo ordered INEC to pay the N1.12bn with 10 per cent interest per annum from the date of judgment until the final or full…
The Inspector-General of Police (IGP), Kayode Egbetokun, on Tuesday, February 4, expressed grave concerns over the unethical practice of transferring ongoing cases without authorisation and the misuse of public office by certain police officers and individuals. These actions, he stated, not only undermine investigations but also erode public trust in the police force. In a statement issued by the Force Public Relations Officer, Muyiwa Adejobi, the IGP made it clear…
In a significant move to bolster national financial security and facilitate Nigeria’s exit from the Financial Action Task Force’s (FATF) grey list, the Economic and Financial Crimes Commission (EFCC), in collaboration with the Nigeria Customs Service (NCS) and the Nigeria Financial Intelligence Unit (NFIU), organised a two-day empowerment workshop for fifty law enforcement officers. The workshop, themed “Proactive Detection of Non/False Currency Declaration and Application of Appropriate Sanctions”, took place…
In a bid to boost local refining capacity, reduce the import of refined petroleum products, and curb pressure on foreign exchange supply, the Federal Government has placed an immediate freeze on the export of crude oil meant to meet the needs of domestic refineries in the country. Before now, about 500,000 barrels of crude oil per day meant for domestic refining have been finding their way to the international market…
The Economic and Financial Crimes Commission (EFCC) has re-arraigned former Minister of Power and Steel Development, Olu Agunloye, on seven revised charges. This development follows the amendment of the original allegations, which were initially presented on January 10, 2024. The updated charges, which centre on fraudulent contract awards and official corruption, were formally brought before Justice J.O. Onwuegbuzie at the High Court in Apo, Abuja, within the Federal Capital Territory.…
The Nigerian government has expressed its intention to reduce the country’s reliance on external debt financing as part of a broader strategy to explore alternative sources of funding beyond traditional multilateral loans. This shift is expected to support Nigeria’s long-term economic growth and sustainability. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, made this announcement during a meeting with the World Bank Executive Director, Dr.…
The Economic and Financial Crimes Commission (EFCC), on Monday, arraigned 29 Chinese, 10 Filipinos, one Malaysian, one Indonesian and one Pakistani before separate Federal High Courts sitting in Ikoyi, Lagos. The suspects were arraigned on charges bordering on alleged cybercrimes, cyber-terrorism, impersonation, possession of documents containing false pretence, and identity theft, among others. They were arraigned alongside a company, Genting International Co. Ltd., before Justices Ayokunle Faji ; D.I. Dipeolu;…
Stakeholders in Ogoniland, Rivers State, including the Movement for the Survival of the Ogoni People (MOSOP) and traditional rulers, have praised President Bola Tinubu for signing the bill that establishes the University of Environment and Technology, Tai, in Ogoni. The signing ceremony took place on Monday at the State House in Abuja, with notable attendees including Senator Mpigi Barinada, National Security Adviser Nuhu Ribadu, Minister of Education Dr. Tunji Alausa,…
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