Jigawa State Approves Establishment of Three New Agencies

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The Jigawa State Executive-council has approved the establishment of three new agencies. The Commissioner for Information, Youth Support and Culture, Sagir Musa Ahmad disclosed this to newsmen. He said the resolution was reached at the state executive council meeting presided over by Governor Umar Namadi. Ha said the newly proposed agencies include the Jigawa State Information Technology and Digital Economy Agency (JISITDEA), Jigawa State Residents Identity Management Agency (JISRIMA), and Jigawa State Tsangaya Education Board (JISSEB). Ahmad noted that these proposals will be forwarded to the State House Assembly for legislative approval, following which they will become law.

States, LGs to get 90% VAT revenue – Tinubu panel

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The Presidential Committee on Fiscal Policy and Tax Reforms has proposed reviewing states’ and local governments’ share of the Value Added Tax revenue to 90 percent, and reducing the Federal Government’s share from 15 to 10 percent. The panel also recommended an upward review of the current 7.5 percent rates charged to customers. The Chairman of the committee, Taiwo Oyedele, disclosed this at a stakeholder’s exposure and impact assessment session organized to discuss some of the major proposals in the National Tax Policy in Abuja. The Presidential Committee on Fiscal Policy and Tax Reforms has proposed significant changes to the distribution of Value Added Tax (VAT) revenue in Nigeria. The key proposals are:
  1. Reducing the Federal Government’s share of VAT revenue from 15% to 10%.
  2. Increasing the states’ share to 90%, which they would then share with local governments.
  3. Reviewing the current 7.5% VAT rate charged to customers, with a proposal to increase it.
These proposals are part of the broader tax reform efforts by the current administration, aimed at boosting the nation’s tax revenue and achieving a minimum tax-to-GDP ratio of 18%. The reforms are also intended to improve the business environment by eliminating multiple taxes.The committee chairman, Taiwo Oyedele, disclosed these proposals during a stakeholder engagement session organized to discuss the National Tax Policy. The strategic meeting is a vital aspect of ensuring the successful implementation of the tax reform policies. President Bola Tinubu had inaugurated the fiscal policy and tax reforms committee last August to address the country’s revenue profile and business environment challenges. The proposed changes to the VAT revenue distribution are a key part of these efforts  

UN General Assembly declares May 25 as World Football Day

May 25 each year has now been declared World Football Day. This follows a United Nations General Assembly resolution to allow football fans to celebrate the most popular sport in the world. The day marks the 100th anniversary of the first international soccer tournament in history with the representation of all regions which took place on May 25, 1924, during the summer Olympic games held in Paris, according to the resolution. The 193-member General Assembly adopted the resolution by consensus with a bang of the gavel by its president, Dennis Francis, to applause from diplomats in the assembly chamber. It was co-sponsored by more than 160 countries. Libya’s U.N. Ambassador Taher El-Sonni proposed the resolution establishing World Football Day. El-Sonni underlined that football is more than simply a game; it is a “universal language” that transcends national, cultural, and social boundaries, with a global reach and influence on trade, peace, and diplomacy. The resolution recognizes FIFA and other soccer regulatory bodies’ critical role in promoting the game and urges all countries to embrace football and other sports as a weapon for peace, development, and empowering women and girls. On May 25, the resolution asks all states, U.N. authorities, international organizations, academia, civil society, and the commercial sector to commemorate World Football Day in accordance with national priorities and to raise awareness of football’s benefits.

ECOWAS To Fund Regional Counter-Terrorism force

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The Economic Community of West African States ECOWAS has announced that Heads of State of its member states have agreed to raise $2.4 billion to establish a standby counter-terrorism force to address security threats within the sub-region. Ambassador Abdel-Fatau Musah, Commissioner of Political Affairs, Peace, and Security of ECOWAS, disclosed this during the opening of a three-day consultative meeting of commandants from the three designated ECOWAS Training Centres of Excellence. Musah claimed that ECOWAS has already devised the operational protocols and idea for the force, which will be a rapid response battalion that can assault terrorist bases. The ECOWAS Authority of Heads of State has directed member nations to contribute $1 billion to launch the standby force. Ministers of Defense and Finance will meet to finalize financial arrangements. Musah applauded Nigeria’s efforts to degrade the Boko Haram terrorist group, claiming they no longer pose a threat to the country’s peace and security. Mali, which hosts one of the ECOWAS training centers, was absent from the conference, possibly due to its recent decision to leave the regional bloc. The counter-terrorism standby force was established after ECOWAS leaders, particularly Nigeria’s President Bola Tinubu, requested a rapid deployment mechanism to address the growing terrorist threat in West Africa.

Reps Deny Demanding Bribe From Binance

Binance, a global cryptocurrency platform, has accused top Nigerian government officials of requesting a $150 million payment in crypto to settle criminal charges against the company. The House of Representatives has denied soliciting a bribe from Binance, a famous cryptocurrency company. On Tuesday, the cryptocurrency giant stated that some unknown individuals in Nigeria wanted large payments in digital currency to make their “problems in the country go away”. Binance.Ltd, a trading platform largely used for exchange trade, has accused the Federal Government of Nigeria of asking for bribes to release their staff arrested by the Economic and Financial Crimes Commission, EFCC on February 28 based on accusations of illegal exchange rate manipulation. Binance Chief Executive Officer Richard Teng said the Nigerian government is demanding for Two Hundred Billion Naira to make their money laundering case “GO AWAY’ Richard said this happened in a meeting held by both parties in Abuja. Reacting to the Bribe allegation labeled against the Federal government by Binance, the Special assistant to the president on social media Dada Olusegun took to his X account to call the allegation leveled by Binance as Bullcrap, saying patriotic citizens should not believe the trading platforms allegation. The federal High Court in Abuja has adjourned the trial to May 13. The court also adjourned the tax evasion trial against Binance and the two executives to May 17 after the matter was stalled because the exchange had not been formally served with the charges. Meanwhile, the wife of one of the charged Binance executives has accused the Nigerian government of keeping her husband in Kuje prison with dreaded Boko Haram terrorists, saying Gambaryan’s life is at risk and asking the United States to save her husband from the Nigerian government. Binance’s Chief Executive officer said his organization will only engage in settlement with the Nigeria government on the following conditions.
  •  Binance needs to see the relevant petition and or the details of all allegations.
  • Any settlement must be official, recorded in writing, and signed by all relevant parties
  • Any settlement must encompass all relevant agencies and be in full and final settlement of all allegations, including any potential historic tax liabilities, if applicable, with guarantees.
  • while the agreement might be done in private, they must be published publicly for the sake of fairness.
  • there should be no public hearing before the committee.

Ukraine arrests two officials over alleged Russian plot to kill Zelensky

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Ukraine’s security services said Tuesday that they had foiled a Russian plot to assassinate President Volodymyr Zelensky and other top military and political figures. Two Ukrainian colonels accused of participating in the plot have been arrested on suspicion of treason. The Ukrainian domestic intelligence agency, the S.B.U., said in a statement that the plot had involved a network of agents — including the two colonels — that was run by Russia’s Federal Security Service, or F.S.B., the main successor to the K.G.B. According to the S.B.U., the agents working at Russia’s direction were tasked with identifying people close to Mr. Zelensky’s security detail who could take him hostage and later kill him.  According to the prosecutor’s office, one of the suspects acquired two drones and ammunition from Russia’s State Security Service (FSB) to pass them on to another accomplice to carry out an explosion. The SBU stated it had “foiled” the “actively developing plans” to assassinate Zelensky and other senior Ukrainian officials, including the SBU’s head, Vasyl Maliuk, and the head of Ukraine’s Defense Intelligence, Kyrylo Budanov. “One of the tasks of the FSB’s agent network was to find perpetrators among the military close to the President’s security who could take the Head of State hostage and then kill him,” claimed the SBU. Zelensky has apparently endured many assassination attempts since Russia launched its full-scale invasion of Ukraine in February 2022. A lady from the southern Ukrainian region of Mykolaiv was detained in August 2023 as part of a plot to assassinate Zelensky. She was accused of gathering intelligence about Zelensky’s upcoming visit to Mykolaiv to prepare a Russian attack to assassinate him. The SBU stated that it captured the woman “red-handed” as she attempted “to pass intelligence to the invaders.”

Nigeria Requires $8 Billion Annually to Fight HIV/AIDS- Reps

Chairman of the House of Representatives Committee on HIV/AIDS, Tuberculosis and Malaria Control, Amobi Ogah, has stated that Nigeria needs an estimated $8 billion annually to sustain the fight against HIV/AIDS. Speaking at the 2024 Nigeria HIV Prevention Conference in Abuja, Ogah underscored the need to increase local funding in the fight against the disease.  The conference, themed ‘Accelerating HIV Prevention to End AIDS through Innovations and Community Engagement,’ was organized by the National Agency for the Control of AIDS. Nigeria currently has an estimated 1.8 million people living with HIV, with about 1.63 million already on Antiretroviral Therapy, and has the highest burden of children born with HIV in the world.   

Outcry Over Continued Detention of FIJ Reporter Daniel Ojukwu

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Activists, media stakeholders, and Nigerians have expressed outrage over the prolonged detention of Foundation for Investigative Journalism (FIJ) reporter Daniel Ojukwu. According to reports, the Director of the Nigeria Police Force-National Cyber Crime Centre, Uche Ifeanyi, Tuesday, said the bail conditions for the detained journalist had not been met. The journalist was reportedly detained following a petition related to FIJ’s coverage of alleged financial mismanagement in the office of the Senior Special Assistant to the President on Sustainable Development Goals, OSSAP-SDGs , Adejoke Orelope-Adefulire.  In one of its investigative pieces on the office, FIJ had reported how a sum of N147.1m reportedly meant for the building of classrooms and skills acquisition centre was allegedly sent to the account of a restaurant. But in an official statement on its X handle on Monday, the OSSAP-SDGs denied the allegations as “false”. FIJ’s founder, Fisayo Soyombo, criticized the prolonged detention, calling it “insane”. He reiterated the need to follow due process, stating that false publications should be addressed through legal means.

NNPCL Confirms 1.5bn Litres Of Petrol, Warns against Panic Buying

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The Nigerian National Petroleum Company (NNPC) Limited has engaged security agencies and other industry stakeholders to dismantle cartels suspected to be hoarding petrol across the country. The company said that as the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve, it has products that can last for 30 days. The Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, therefore called on motorists to shun panic buying of the product. Soneye said the NNPC Ltd was also collaborating with relevant downstream agencies, such as the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector, and security operatives to address hoarding and other unwholesome practices.  

EFCC Probes NSCDC Officers Over Alleged N7.5bn Fraud

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The Economic and Financial Crimes Commission EFCC is investigating 10 senior officers of the Nigeria Security and Civil Defence Corps NSCDC over an alleged N7.5 billion fraud. The anti-graft agency has also invited 10 contractors linked with the alleged fraud, which is reported to have involved laundering money through Bureau de Change operators. According to the Punch, EFCC Chairman, Ola Olukoyede, had on April 26, 2024, written a letter to the NSCDC CG, inviting the 10 indicted NSCDC officers for questioning. It added that the document disclosed the officers involved were scheduled to be questioned by the EFCC from May 2, 2024, onwards. The EFCC is investigating the alleged diversion of N7.5bn by contractors working with the Commandant General of the NSCDC, Ahmed Audit. The funds reportedly shared to contractors’ accounts have been identified and linked to BDC operators. During the interrogation, the contractors gave  useful statements that led to the recovery of approximately N1bn by the EFCC.