A High Court of the Federal Capital Territory (FCT) in Maitama has issued a public summon against immediate past governor of Kogi State, Yahaya Bello.

The court ordered Bello to attend court and answer to a fresh 16-count charge pending against him.

By the summons, Bello is to attend court on October 24 for his arraignment alongside two other defendants.

 

Justice Maryanne Anenih issued the order for public summons in a ruling on Thursday, following an application by the Economic and Financial Crimes Commission, EFCC.

Justice Anenih ordered the EFCC to publish the public summons in a widely circulating newspaper

She also ordered the EFCC to paste copies of the public summons on Bello’s last known address and in conspicuous places in the court premises.

The EFCC had claimed that it has been unable to serve Bello with the charge filed on September 24, in which the ex-governor and two others were charged with criminal breach of trust to the tune of N110.4billion.

The other two defendants in the charge are Umar Oricha and Abdulsalami Hudu.

Bello’s absence stalled the arraignment earlier scheduled for Thursday.

President Bola Ahmed Tinubu has submitted four tax reform bills to the House of Representatives, urging for their consideration and prompt passage.

The announcement was made during a plenary session on Thursday, where Speaker Abbas Tajudeen read the President’s letter outlining the significance of the proposed legislation.

 

The bills, designed to align with the objectives of Tinubu’s administration, include the Nigeria Tax Bill 2024, aimed at providing a comprehensive fiscal framework for taxation in the country.

Additionally, a tax administration bill is included, which seeks to establish a clear and concise legal framework for all taxes, with the goal of reducing disputes within the tax system.

Another key piece of legislation is the Nigeria Revenue Service Establishment Bill, which will repeal the existing Federal Inland Revenue Service Act and establish the Nigeria Revenue Service.

Lastly, the Joint Revenue Board Establishment Bill is set to create a tax tribunal and a tax ombudsman to oversee tax-related disputes and enhance taxpayer protection.

President Tinubu emphasized that these bills are essential for strengthening fiscal institutions across the nation and are in line with the government’s broader objectives.

The proposed reforms are expected to bring significant changes to Nigeria’s tax landscape, promoting efficiency and transparency in tax administration.

A bill seeking to regulate and provide legal backing for private investigators in the country on Wednesday at plenary failed to pass a second reading at the Senate.

 
 

The bill titled ‘A Bill for an Act to prescribe standard and conditions of licence for operation and practice of private investigators in the country’ was sponsored by Osita, Ngwu (PDP-Enugu).

The lawmakers expressed fear that the bill if passed, would empower private individuals to pry into the private lives of perceived opponents. Leading the debate on the bill earlier, Mr Ngwu said private investigators could be used in various capacities.

He said that while some investigators specialised in tracing, others specialised in technical surveillance countermeasures. He said this involved locating and dealing with unwanted forms of electronic surveillance, like a bugged boardroom for industrial espionage purposes.

He listed the bill’s objectives as fraud prevention, detection, assessment, and resolution, as well as corporate fraud and risk management services. According to him, others are insurance fraud and claims investigation, aviation accident and loss investigation. Others are marine loss investigation, occupational health and safety incident investigation, witness location and bail bond defaulters.

Victor Umeh (LP-Anambra), who supported the bill, said it was a well-thought-out bill to fill the gaps left by the EFCC, ICPC, and other security agencies.

“When due diligence is applied, a lot of high-profile crimes will no longer be swept under the carpet,” he said.

Neda Imaseun said, “It’s the bill was the best practice (all) over the world.”

However, Adams Oshiomhole (APC-Edo) vehemently opposed the bill, saying, “It will be wrong to create an open-ended body” that will have the power to pry into people’s privacy.

He added, ”It could be a willing tool in the hands of political enemies.”

Aminu Iya Abbas (PDP-Adamawa) said the bill, if passed, would be a duplication of efforts and functions of security agencies in the country.

Titus Zam (APC-Benue) said, “I rise to express my strong reservation as the country has enough investigators. Our country is divided on ethnic, religious and political lines, and your enemies can use your opponents against you.”

Salihu Mustapha (APC-Kwara), opposing the bill, said the developed countries like the U.S. and UK, where private investigators were operating, were currently experiencing a debate on the use of private investigators who pry into private lives.

He said certain conditions like a national forensic institute needed to be in place” to streamline evidence being of a private investigator.

After the debate, Senate President Godswill Akpabio sought the sponsor’s opinion on whether to put the bill to the vote or withdraw it by himself for further legislative consultations and action.

Mr Ngwu opted to withdraw the bill.

(NAN)

The Nigeria Labour Congress (NLC) has called on its state councils to gear up for a significant challenge ahead, as public sector workers wait with anticipation for the federal government to implement the new ₦70,000 minimum wage.

The NLC emphasized that securing the wage increase is only part of the battle, and the true victory lies in making sure it is implemented in its entirety to benefit all workers.

 

Naija News reports that these sentiments were expressed by NLC President, Joe Ajaero, during a two-day workshop in Lagos for NLC’s southern state councils.

The workshop organized by Fredrich Ebert Stiftung (FES) and the International Labour Organisation (ILO), was themed “Strategies for Effective Implementation of the 2024 National Minimum Wage Act.”

Ajaero stressed the importance of fair wages, stating, “The wage of a single worker often sustains many more—feeding families, educating children, and supporting communities. It is not merely a pay-check; it is the lifeblood of society. When we fight for better wages, we are not asking for charity. We are fulfilling a sacred duty—to build a vibrant economy, to uplift the nation, and to secure the dignity of work. This is a divine responsibility, one that we are bound by conscience and duty to carry out.

“On the 3rd of this month, we were in Kano where we kicked off this workshop beginning with the Northern zone and now, we are here for the Southern zone. And, as we gather here today, just as I told them in Kano, know that the eyes of every worker are upon us. They depend on our courage, our resolve, and our unity to carry their voices to the negotiation tables that await us.

Reflecting on the struggle that led to the new minimum wage, Ajaero said, “We all followed the battle that led to the new National Minimum Wage act. We saw the threats, the drama, the propaganda, and the unrelenting attempts to weaken our cause. We were called names, vilified, and faced with all manners of intimidation. But we did not bow. We stood strong. We sacrificed, not just for ourselves, but for every worker in this country.

“Yet, winning the fight for a new minimum wage is not enough. We must now ensure that it is implemented in full, so that its benefits reach every corner of Nigeria, from the largest cities to the smallest villages.

He warned that the path forward would be challenging, with likely opposition, insults, and blackmail.

If we faced such fierce opposition at the negotiation stage, then know that the road ahead will not be any easier. Be prepared for insults, threats, and attempts to blackmail you.

“But remember why we are here: the trust and hopes of our members rest in our hands. Their meals, their homes, their children’s education depend on our ability to fight for them,” Ajaero added.

The NLC President noted that the workshop aims to prepare leaders for the task ahead: “Our goal is not just to celebrate the passage of the law—it is to make sure every worker feels its impact in their daily lives. And that responsibility rests with each of you here. You are the vessels through which this victory will be delivered to our members. You must be strong, focused, and unwavering.”

He also warned that any state council or official found colluding with employers, whether private or public, to deny workers their full entitlements under the new law would be sanctioned appropriately.

Ajaero expressed his appreciation to FES and the ILO for their continued support to the NLC, encouraging participants to stay engaged and focused on delivering the benefits of the 2024 National Minimum Wage Act to their members.

Together, we will overcome. Together, we will deliver the 2024 National Minimum Wage Act to our members, no matter the challenges,” he concluded.

Oil marketers have said that the Nigerian National Petroleum Company Limited portal used to purchase petrol has been shut against dealers, making it impossible for them to apply for the commodity purchase.

They said marketers are still awaiting over 90 million litres of petrol from the state-owned company. This is valued at about N79bn.

The PUNCH recalls that amid marketers’ complaints over their inability to order petrol, the NNPC confirmed the shutdown of its purchasing portal to our correspondent last month, giving its reasons.

According to NNPC spokesperson, Olufemi Soneye, the company shut the portal due to a significant backlog.

 
 

Soneye explained that the shutdown became necessary to stop NNPC from holding marketers’ capital for too long.

“We have a significant backlog to address. The closure is intended to prevent us from holding marketers’ funds for an extended period,” Soneye had explained.

He, however, assured marketers that the portal would be reopened after the backlog had been reduced.

 

“It will be reopened once the backlog has been sufficiently reduced. We are working to address it as soon as possible,” he told our correspondent.

Marketers who spoke with our correspondent confirmed that NNPC was expediting actions to clear the backlogs as of the weekend.

Though NNPC did not disclose the value of the ‘huge backlogs’, independent marketers said they have over 2,000 tickets yet to be cleared with NNPC.

In an interview, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said the association is still waiting for the portal’s opening.

“They are on it, our marketers are still loading petrol from the NNPC. I can’t confirm the price now because the portal is still shut down.

“We have more than 2,000 tickets for 45,000 litres (of petrol). That is 45,000 multiplied by 2,000, you can now know the number of million litres it will be. This is just an estimate, you know I don’t work with NNPC and I don’t know what is on their system,” Ukadike stated.

He disclosed that a 45,000-litre truckload of PMS is around N39.5m, making N79bn when multiplied by 2,000.

 

The Petroleum Retail Outlets Owners Association of Nigeria also confirmed that its members could not access the NNPC purchasing portal.

PETROAN President, Billy Gillis-Harry, confirmed this in a phone conversation with our correspondent.

“The portal shutdown affects us too, we are all buying from NNPC,” he said briefly.

Meanwhile, the marketers noted that they have since been patronising private depot owners, who sell petrol to them at a premium.

This, they said, informed why the product is more expensive in their filling stations than in outlets owned by the NNPC and the major marketers.

Our correspondent gathered that the marketers usually bid for PMS through the NNPC portal.

According to them, payments will be made through the same channel while the marketer waits for months to get the product.

 

Independent marketers told The PUNCH that they paid for petrol but were not supplied after three months.

During an interview with The PUNCH in January, the National Vice President of IPMAN, Hammed Fashola, made a similar allegation which was denied by Soneye.

Fashola had asked the Federal Government to review the current distribution pattern to give priority to IPMAN members.

Fashola said, “We buy products from NNPC cash and carry. We don’t enjoy any credit facility with the NNPC. There are times when we pay for products, and you don’t get the products for two or three months. You have your money in the coffers of NNPC, which means they are trading with our money.

“If I am not exaggerating, we should be talking of over N300bn, when you consider the number of marketers all over Nigeria. Our money is always there, trapped, while we keep struggling to get fuel. The three days will turn into months if they don’t have products or they are out of stock, you have to wait, and your money will be there.”

At the moment, the marketers said they want to buy petrol directly from Dangote to ensure price parity.

Former Vice President Atiku Abubakar has proposed amendments to the 1999 Constitution to establish a rotational presidency among Nigeria’s six geopolitical zones.

In addition, Atiku suggests implementing a single six-year term for the president to strengthen Nigeria’s constitutional democracy.

Atiku, the presidential candidate of the People’s Democratic Party (PDP) in last year’s election, addressed his proposals to the Deputy Senate President, Barau Jibrin, who also chairs the Senate Committee on Constitution Review.

This comes as the National Assembly continues amending the constitution, with issues such as power rotation, local government autonomy, and regionalism under consideration.

 

In his proposal, dated August 30, 2024, Atiku also called for changes to the educational qualifications required for political candidates and reforms to promote internal democracy within political parties.

 

He emphasized the need to prevent the violent takeover of parties and ensure they operate within democratic frameworks.

Atiku argued that political parties are often allowed to violate electoral laws, leading to chaos. He stated that his suggested amendments would bring greater discipline to the political system.

He wants the constitution to clearly state, “The office of the president shall rotate among the six geopolitical zones of the federation on a single term of six years, alternating between the North and South.”

He also proposed revising Section 135(2) of the constitution to set a clear six-year term limit for the presidency and amending Section 137(1)(b) to ensure a president cannot serve more than one term. According to Atiku, these changes will promote stability and fairness in Nigeria’s political system.

The Nigeria Police on Wednesday arraigned a 64-year-old estate agent, Sunday Asibe, before the Ebute-Metta Chief Magistrate Court, in Lagos State, for allegedly defrauding a man of N13m under pretence.

Asibe, who also goes by the alias John Asibe, is facing three counts of fraud, obtaining by pretence, and stealing, brought against him by the police.

The police prosecutor, Inspector Cyriacus Osuji, told the court that the defendant committed the offences between February and May 2024.

He said the incident took place in the Igando area of Lagos State.

 

Osuji alleged that the defendant fraudulently obtained the money from one Alhaji Suleiman Bawale, under the guise of selling him a plot of land.

The prosecutor also told the court that Asibe collected the money in two tranches of N8m, and N5m, respectively.

Osuji disclosed that sometime in February, the defendant allegedly stole the sum of N8m from the complainant and promised to sell land to him, which he didn’t.

 

“In February, Asibe stole N8m, from the complainant with a promise to sell him a plot of land, which he failed to deliver.

“Then, in May, he obtained an additional N5m, from Bawale, again, promising land that he did not provide,” said Osuji.

According to the prosecutor, the offences committed contravened Sections 313,280 (1) (a) (b) and punishable under Sections 314, (1) (a) (b) (3) and 287, of the Criminal Law of Lagos State 2015.

However, the defendant, who was arraigned before Magistrate Feyikemi George, pleaded not guilty to the charges.

Consequently, Magistrate George granted him bail in the sum of N1m, with two sureties in like sum.

She ordered that the sureties must provide three months’ bank statements showing a balance of N1m, and have their addresses verified.

The case was adjourned until October 30, 2024, for a mention.

The Federal Government has announced the provision of new tax reliefs for deep offshore oil and gas production to boost investments in the sector.

It also announced that the importation of key energy products and infrastructure, including diesel, feed gas, Liquefied Petroleum Gas, Compressed Natural Gas, electric vehicles, Liquefied Natural Gas infrastructure, and clean cooking equipment would no longer require value-added tax payment.

The Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, announced this in a statement on Wednesday.

The statement signed by the Director of Information and Public Relations, Mohammed Manga, said the initiative would position Nigeria’s deep offshore basin as a premier destination for global oil and gas investments, bolster energy security, and accelerate Nigeria’s transition to cleaner energy sources.

 
 

This policy directive arrives alongside new divestment plans from ExxonMobil and Seplat, which President Bola Tinubu said would receive ministerial approval in the coming days.

The statement read, “In its avowed determination towards ensuring a boost in the nation’s upstream and downstream sector, the Federal Government has introduced groundbreaking concessions aimed at revitalizing the industry.

“This is just as the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, today unveiled two major fiscal incentives aimed at revitalising Nigeria’s oil and gas sector: Value Added Tax Modification Order 2024 and Notice of Tax Incentives for Deep Offshore Oil & Gas Production, in accordance with the Oil & Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order 2024.”

 

Explaining further, Manga said, “The VAT Modification Order 2024 introduces exemptions on a range of key energy products and infrastructure, including diesel, feed gas, Liquefied Petroleum Gas, Compressed Natural Gas, electric vehicles, Liquefied Natural Gas infrastructure, and clean cooking equipment.

 

“These measures are designed to lower the cost of living, bolster energy security, and accelerate Nigeria’s transition to cleaner energy sources.”

It explained that the notice of tax incentives for deep offshore oil & gas production provides new tax reliefs for deep offshore projects, stressing that, “This initiative is aimed at positioning Nigeria’s deep offshore basin as a premier destination for global oil and gas investments.”

The ministry said these fiscal incentives reflect the administration’s steadfast commitment to promoting sustainable growth, enhancing energy security, and driving economic prosperity for all Nigerians.

The statement added, “These reforms are part of a broader series of investment-driven policy initiatives championed by President Bola Tinubu, in line with Policy Directives 40-42.

“They reflect the administration’s strong commitment to fostering sustainable growth in the energy sector and enhancing Nigeria’s global competitiveness in oil and gas production.

“With these bold initiatives, Nigeria is firmly on track to reclaim its position as a leader in the global oil and gas market.

 

“These fiscal incentives demonstrate the administration’s unwavering commitment to fostering sustainable growth, enhancing energy security, and driving economic prosperity for all Nigerians,” the statement concluded.

The minister of justice and attorney general of the federation, Lateef Fagbemi, SAN, has reaffirmed President Bola Tinubu’s administration’s commitment to fighting corruption.

Speaking at the unveiling of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) Strategic Action Plan 2024-2028 in Abuja on Wednesday, Mr Fagbemi described corruption as a cancer that eroded societal fabric and necessitated collective action.

Mr Fagbemi noted that the strategic plan launched marked a significant milestone in combating corruption and promoting transparency.

The plan, he said, would serve as a clear roadmap for the ICPC to enhance operations, deepen stakeholder collaboration, and address emerging challenges. 

He assured the ministry of justice’s unwavering support in providing the necessary legal framework and resources.

Mt Fagbemi commended the ICPC leadership’s diligence and stakeholders’ contributions to the plan’s development.

President of the Court of Appeal, Hon. Justice Monica Dongban-Mensem, emphasised that fighting corruption was everyone’s responsibility.

She urged Nigerians to maintain a positive attitude, recognising that corruption extended beyond financial misconduct to include dereliction of duty.

ICPC Strategic Action Plan 2024-2028 focuses on combating corruption through innovative methods and sustained action.

The commission also launched its Ethicspod programme, a bi-weekly podcast aimed at amplifying anti-corruption efforts through digital media.

(NAN)

The Naira depreciated significantly against the Dollar at the foreign exchange market upon resumption of trading after Nigeria’s 64th Independence Day holiday.

FMDQ data showed that it weakened to N1669.19 per dollar on Wednesday from N1541.94 exchanged on Monday.

This represents an N127.25 loss against the dollar compared to the N1541.94 traded on Monday.

 

Meanwhile, at the parallel market, the Naira gained N10 to close at N1690 per dollar on Wednesday compared to the N1700 exchange rate on Monday.

DAILY POST reports that on Monday the depreciated marginally against the Dollar.

For months now, the Naira has continued to fluctuate against the dollar and other foreign currencies.

President Bola Ahmed Tinubu during his Independence Day Speech pleaded with Nigerians to be patient with his economic policies.

On June 14 last year, the Central Bank of Nigeria floated the Naira at the FX market which saw the value of the Country’s currency drop.