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NNPC, RMFAC, Arewa Think Thank, others support Tax Reform Bills

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A cross section of stakeholders, on Monday, at a Public Hearing on the four Tax Reform Bills expressed their support for the bills.

The public hearing was organised by the Senate Committee on Finance chaired by Sen. Sani Musa.

The News Agency of Nigeria (NAN) reports that the four bills include “The Nigeria Tax Bill (NTB) 2024; The Nigeria Tax Administration Bill (NTAB) 2024; The Nigeria Revenue Service (Establishment) Bill (NRSEB) 2024 and the Joint Revenue Board (Establishment) Bill (JRBEB) 2024.

The agencies that made their submissions include the Nigerian National Petroleum Company Limited (NNPCL), Revenue Mobilisation and Fiscal Allocation Commission (RMFAC) among others.

In his submission, Group Chief Executive Officer of NNPCL, Mele Kyari, said that the entire oil and gas industry was happy with the bills.

“We are the happiest people to see this tax law coming into place, bringing every education in one basket.

“And bringing in a significant number of reforms that will bring simplicity to the tax system and the tax laws in our county.

” And I want to tell you, you know, making our business more profitable, we have a plan to keep our industry as strong as possible, multiple tax systems, multiple tax rules.

Also speaking, the Chairman of Revenue Mobilisation and Fiscal Allocation Commission (RMFAC), Dr Mohammed Shehu, said that the commission was in support of the bills 100 per cent, adding that the bills would enhance stability in the economy.

He urged the Senate Committee on Finance to address the area of bad distribution to sub-nationals.

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“I hope that this bill will address the issue of endless reconciliation with NNPC”.

On his part, the Convener, Arewa Think Thank, Muhammad Yakubu, said that the group was one of the groups that saw the benefits of the bills.

“We analysed the benefits of the bills and made our position known and we have submitted same.

“The perception that the North is against the bill is not true. And please, some of these views that are very very important to the country should not be put aside,” he said.

The representative of the Supreme Council for Sharia in Nigeria, Ahmad Dogarawa, said that it was the view of the Supreme Council for Sharia in Nigeria that the Nigerian tax system was indeed in need of reform.

“We therefore commend the government for its genuine efforts to reform our tax system.

“However, the Council wishes to bring the attention of the National Assembly to the following concerns of the specific sections of particularly the Nigerian tax bill and the Nigerian tax administration bill.

“We have suggested that the Value Added Tax (VAT) be reviewed to five per cent or to maintain the present 7.5 per cent.”.

In his remarks, Chairman of the Senate Committee on Finance, Sen. Sani Musa, said that Nigeria was becoming more united with the tax reform bills.

He said: “Where there are some differences or disagreements, we will agree and come to where we can all agree.

“We are going to give Nigeria the desired law, legislation that will guide our tax collection, distribution and enhance prosperity in line with the new rule of the President.

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“The President has a very good intention. I was with him two weeks ago and he said, Chairman, go and do the needful for me.

“Give me a law that is working. We will want to present a legislation that tomorrow, there will be no a lot of lawsuits.”(NAN)

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MTN Suffers Cybersecurity Breach, Says ‘Unknown Third Party’ Responsible

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MTN Group says it suffered a cybersecurity incident that led to unauthorised access to the personal data of some customers in selected markets.

In a statement on Thursday, the telecoms giant assured stakeholders that its core infrastructure — including its network, billing systems, and financial services platforms — remains secure and fully operational.

The company said an unknown third party claimed responsibility for accessing parts of its system, but added that there was currently no indication that customers’ accounts or mobile money wallets were compromised.

“At this stage, we do not have any information to suggest that customers’ accounts and wallets have been directly compromised,” MTN said.

MTN said it immediately activated its cybersecurity response procedures, including informing the South African Police Service (SAPS) and the Directorate for Priority Crime Investigation, known as the Hawks.

The group said it had also notified the relevant authorities in the affected countries and would continue to work closely with them and law enforcement to support ongoing investigations.

In line with regulatory obligations, the network provider said it had begun notifying affected customers.

The telecoms company urged users to remain vigilant and observe standard security practices, including setting strong passwords, avoiding suspicious messages, and enabling multifactor authentication where available.

“The privacy of information is our top priority, and MTN remains committed to safeguarding the integrity of our systems and the trust placed in us by our customers and other stakeholders,” it said.

“To mitigate any fraudulent consequences, a fraud alert can be placed on an individual’s credit report at any of the major credit bureaus.

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“Keep MTN, MoMo and banking apps and devices updated.

“Use strong, unique passwords for accounts and change them regularly.

“Be cautious of unexpected messages and do not click on suspicious links.

“Do not disclose information such as passwords, PINs and OTP when asked to do so by phone, text message or email.

“Where multifactor authentication is available, it should be activated.”

MTN added that it would continue to contain and manage the situation “carefully” while keeping stakeholders updated.

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Defections:Atiku Breaks Silence Says Hypocrisy Reigns Supreme

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Former Vice-President Atiku Abubakar has responded to the recent wave of defections from the Peoples Democratic Party (PDP).

In a statement released on X on Friday, the 2023 presidential candidate of the PDP, said it is important to state clearly that “freedom of association and expression are core democratic rights — not privileges”.

“Let me be unequivocal: freedom of association and expression are not optional in a democracy — they are fundamental rights,” he wrote.

“Alongside these stand the pillars of a just and functional democratic society: the people, the rule of law, credible elections, and accountability. Undermine any of these, and democracy itself begins to crumble.”

On Wednesday, Sheriff Oborevwori, the incumbent governor of Delta, left the PDP for the All Progressives Congress (APC), while Ifeanyi Okowa, his immediate predecessor, is set to join the ruling party soon.

Oborevwori succeeded Okowa as the governor of Delta after winning the 2023 election on the platform of the PDP.

In recent weeks, the PDP has lost several members to the ruling APC, with other governors and key party members also reportedly planning to defect.

Abubakar said any attempt to erode these values is a direct threat to the survival of democracy in Nigeria.

He said that defections and political alignments are part of the country’s evolving democratic culture, and must not be seen as betrayal.

“As someone who believes deeply in democratic ideals, I bear no ill will towards anyone who chooses a different political path,” he said.

“Politics will always involve shifting alliances — we’ve seen them in the past and we’ll see more in the future.”

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Abubakar also addressed criticism that trailed his recent visit to former president Muhammadu Buhari in Kaduna.

Earlier this month, the ex-VP led a delegation, including Nasir el-Rufai, former governor of Kaduna; Aminu Tambuwal, former governor of Sokoto; and Isa Pantami, former minister of communications, to Buhari’s residence.

The former vice-president said his visit was delayed due to his obligations in Adamawa, where he had taken part in Sallah celebrations.

Days after the visit, the move drew widespread criticism, particularly from within the PDP, with many labeling it as unacceptable and a show of anti-party activity.

However, Abubakar dismissed the outrage as hypocritical, citing past instances when opposition leaders consulted former presidents without backlash.

“It is not a sin to visit Buhari,” he said.

“During the 2013 opposition merger talks, key political figures made visits to Obasanjo and Babangida — so why is it now sacrilegious to visit Buhari?”

Abubakar questioned why some PDP leaders are applauded for meeting President Bola Tinubu, yet his own engagements are labelled suspicious.

“When PDP leaders drink tea with Tinubu and cut power-sharing deals, it is called ‘strategy,” he said.

“But when I greet Peter Obi, meet Nasir el-Rufai, or visit Buhari, it becomes a national scandal.”

He also described the reactions as driven by double standards, warning that Nigeria’s politics is becoming riddled with “selective outrage”.

Abubakar said the real issue before Nigerians is not about political parties anymore, but about the failure of the current administration.

“This is no longer APC vs PDP or Labour Party vs APC,” he said.

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“It is Nigerians vs a regime that has plunged the nation into misery.”

He blamed the Tinubu administration for a collapsing economy, surging inflation, growing joblessness and increasing youth agitation.

“Nigerians are not just tired — they are angry,” he said.

Abubakar called for unity against what he described as a government bereft of vision and performance.

He urged Nigerians to reject ethnic, religious or regional distractions, noting that such tactics are meant to divide and confuse the populace.

“The Tinubu government has nothing to show — no policy wins, no achievements,” he said.

“All it has is confusion and division. That’s the only thing incompetence knows how to offer.”

Abubakar warned that mismanagement at the top poses grave danger to all Nigerians, regardless of background or party affiliation.

“An incompetent captain doesn’t just sink his ship; he puts everyone on board at risk,” he added.

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Naira Abuse: Court Orders Remand Of Hip-Hop Artiste ‘Terry Apala’

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A Federal High Court sitting in Lagos on Friday has ordered the remand of hip hop musician, Terry Alexander Ejeh, also known as Terry Apala, for a charge of naira abuse.

Justice Akintayo Aluko ordered his remand in the Ikoyi Correctional Centre, Lagos, till May 5, 2025, when his bail application would be heard and determined.

The Economic and Financial Crimes Commission, EFCC, had arraigned Ejeh before the court on a one-count charge of abuse of the naira by matching on it whilst dancing during a social event at Madison Place, Oniru, Lagos Island.

Counsel to the EFCC, Sulaimon Sulaiman, then asked the court to allow the charge to be read to the defendant so he could take his plea.

The defendant, however, pleaded not guilty to the charge, after which Sulaimon asked for a trial date and the remand of the defendant in the custody of the Nigeria Correctional Centre.

Counsel to the defendant, Felix Nwakbudu, however, informed the court of a pending bail application filed on behalf of his client.

Nwakbudu stated that the prosecution had been served with a copy of the bail summons this morning, and he pleaded with the court to allow him to move the application.

The prosecutor opposed the hearing of the bail application on the grounds that he would need time to study the application and make an appropriate response.

In his ruling, Justice Aluko ordered the remand of the defendant at the Ikoyi Correctional Centre pending the hearing and determination of his bail application.

The judge also ordered an accelerated hearing of the trial, before adjourning the matter till May 5th, for trial.

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The charge against the defendant reads: “That you, TERRY ALEXANDER EJEH, on the 5th day of January 2025 at Madison Place, Oniru, within the jurisdiction of this Honourable court whilst dancing during a social event tampered with Naira currency issued by the Central Bank of Nigeria by matching on it and you thereby committed an offence contrary to and punishable under Section 21(1) of the Central Bank of Nigeria Act 2007.”

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