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Thursday, 05 September 2019 05:50

Revenue shortfall: FG sets up committee to work out new national tax policy

Federal government is considering a national tax policy to boost revenue, reduce the cost of doing business and curb tax inequity in Nigeria. A technical committee constituted to work out the fine details of the policy said on Wednesday in Abuja it was putting together a national tax policy bill to be submitted to National Assembly soon for consideration. The Technical Committee of the National Tax Policy Implementation Committee is expected to present a Finance Bill and Policy Note to Minister of Finance and Budget Planning, Mrs Zainab Ahmed. The committee is headed by Executive Chairman of Federal Inland Revenue…

Thursday, 05 September 2019 05:49

NDDC owes over N2 trillion debt – Minister

Minister of Niger Delta Affairs, Mr Godswill Akpabio, has said Niger Delta Development Commission (NDDC) has over N2 trillion debt to settle. Akpabio stated this at a meeting with management team of NDDC on Wednesday in Abuja. He said that the commission had not performed well in its main responsibility, which was the development of Niger Delta region. The minister said that the impact of the commission on the entire region would have been more, but for some factors such as personal interest and undue interference, among others. He stressed the need for collaboration between the ministry and the commission…

Thursday, 05 September 2019 05:46

Boris Johnson’s Brexit plans in crisis after 3rd defeat in 2 days

Prime Minister Boris Johnson called Wednesday for a national election on Oct. 15, saying it was the only way out of Britain’s Brexit impasse after lawmakers moved to block his plan to leave the European Union next month without a divorce deal. But Parliament delivered Johnson his third defeat in two days and turned down a motion triggering a vote. Johnson indicated he would try again, saying an election was the only way forward for the country, and accusing opposition Labour Party leader Jeremy Corbyn of being afraid of the public’s judgment. “The obvious conclusion, I’m afraid, is that he…

Thursday, 05 September 2019 05:45

Hong Kong withdraws extradition bill that sparked protests

Hong Kong leader Carrie Lam withdrew the extradition bill that sparked months of demonstrations, bowing to one of the protesters’ demands in the hope of ending the increasingly violent unrest. But activists rejected Wednesday’s move as insufficient and vowed not to yield until the government accepts other demands including an independent investigation into alleged police brutality against protesters, the unconditional release of those detained and democracy. The bill would have allowed Hong Kong residents to be sent to mainland China for trials. It has prompted massive protests since June that have disrupted transportation links around the city and at its…

Wednesday, 04 September 2019 05:47

Widespread anger, condemnation over xenophobic attacks on Nigerians in South Africa

Osinbajo says attacks reckless, Ekweremadu seeks diplomatic strain One killed in Lagos as mobs protest, attack Ibadan, Uyo offices Buhari dispatches envoy over continuous killings, looting spree Anger on Tuesday greeted xenophobic attacks on Nigerians in South Africa with dignitaries and organisations including President Muhammadu Buhari, Vice-President Yemi Osinbajo, Senate and House of Representatives, expressing their displeasure over the continued killing. Mr Buhari specifically sent a special envoy to President Cyril Ramaphosa of South Africa, to express his deep concern about the “reported attacks on Nigerian citizens and property in South Africa since August 29, 2019.” Also, Minister of Foreign…

Wednesday, 04 September 2019 05:44

Federal Executive Council meeting postponed

PRESS RELEASE Federal Executive Council (FEC) meeting will not take place today Wednesday, September 4, 2019. This is due to the fact that all the memos earlier submitted to the Council for consideration have been returned to the various Ministries. This action will allow Ministers recently sworn in have their inputs in the memos sent by their predecessors in office. Similarly, the period is to enable Ministers, who are still taking briefs from bureaucrats in the Ministries and familiarising themselves with their work space, have more time to contribute to discussions at the meeting. They will also utilize the period…

Wednesday, 04 September 2019 05:40

Palestinian Harvard student barred from US is allowed in

A Palestinian student who was controversially denied entry to the US last month when he arrived to begin study at Harvard has now been admitted. Ismail Ajjawi said he was barred entry after border agents questioned him for hours at Boston Airport over social media posts written by friends. The 17-year-old was admitted on Monday just in time to start at Harvard. The US state department announced in June that most visa applicants were being asked for social media details. Customs and Border Protection (CBP) told BBC on Tuesday that Mr Ajjawi had overcome "all grounds of inadmissibility and was…

Tuesday, 03 September 2019 06:00

Nigeria is a ‘pressure cooker of internal conflict’ that could destabilise other African countries - UN

Nigeria’s multiple security problems have created a crisis that requires urgent attention and could lead to instability in other African countries if it is not addressed, a United Nations rapporteur said on Monday. Security forces in Africa’s most populous country are trying to tackle a decade-long Islamist insurgency in the northeast, banditry in the northwest and bloody clashes between nomadic herdsmen and farming communities over dwindling arable land in central states. Agnes Callamard, U.N. special rapporteur on extrajudicial, summary or arbitrary executions, said Nigeria was a “pressure cooker of internal conflict”. “The overall situation I have found is one of…

Tuesday, 03 September 2019 05:59

Supreme Court rebukes Buhari for using govt lawyer for private matter

Supreme Court on Monday criticised President Muhammadu Buhari for using a senior state counsel at the Ministry of Justice, Mr Abdullahi Abubakar, for his private election-related trial. The apex court made the observation while delivering a ruling in a suit accusing the president of lying on oath. Three appellants had filed the suit alleging that Mr Buhari lied on oath in a form he submitted to the electoral commission, INEC, for the 2019 election. Supreme Court dismissed the main suit against the president for being statute-barred. The judgement by the five-member panel was read by Mrs Mary Odili, but the…

Tuesday, 03 September 2019 05:58

Nigeria risks another $2.3bn fine over alleged contract breach in Mambilla project

Nigeria may face another $2.3bn fine in arbitration in France over an alleged breach of contract on Mambilla Hydroelectric project. This is coming after a British commercial court awarded $9.6bn against the country in favour of Process and Industrial Development Company in a botched gas processing deal. The Mambilla project is currently a subject of litigation instituted by Messrs Sunrise Power and Transmission Company Limited. The issue in dispute, according to a report by The Cable, is a claim by the plaintiffs that a $5.8bn contract for the construction of Mambilla Hydroelectric Power Project on the basis of Build, Operate…

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Tuesday, 03 September 2019 05:54

I’ll pay my N537m debt in 12 hours, ex-gov begs court

A former Cross River State Governor Donald Duke on Monday told a Federal High Court in Lagos that he would pay his N537, 334,360.77 debts to Asset Management Corporation of Nigeria (AMCON) in less than 12 hours. Mr Duke, through his counsel, Mr Edoigiawerie Omoruyi, told Mr Nicholas Oweibo that he had approached AMCON with a promise to liquidate the debt before the end of yesterday, September 2. He prayed for an adjournment to enable him settle the case out of court. AMCON, on August 8 through its counsel, Mrs Juliet Reeds obtained the court’s order to take interim possession…

Tuesday, 03 September 2019 05:51

FG talks tough over attacks in South Africa

Federal Government has frowned at the incessant harassment and killing of Nigerians in South Africa, and vowed to take decisive steps to curb it. This came as three persons were reportedly killed and their properties destroyed in a fresh wave of attacks on foreigners, including Nigerians, in South Africa. Following the unabated killing of Nigerians, Federal Government has declared that “enough is enough.” Minister of Foreign Affairs, Mr Geoffrey Onyeama, while reacting to the development on his Twitter handle, described the wave of attacks on Nigerians as sickening. Onyeama said South African government must take definitive measures to put an…

Monday, 02 September 2019 05:04

‘Please, don’t quote me, quote my friend,’ Adeboye relates what his friend told him about the cattle issue

General Overseer of Redeemed Christian Church of God (RCCG), Mr E. A. Adeboye, at the Church leaders stakeholders’ summit, themed, ‘RUGA: The church’s response in the 21st century,’ which held at ShepherdHill Baptist Church, in Lagos on Saturday, spoke on the cattle controversy in the country. Adeboye urged stakeholders at the meeting to listen with anointed ears to his rather proverbial address at the event. He said he would relay an encounter he had with a close, mathematician friend of his, whom he said advised Christians to reduce or stop the consumption of beef. He said, “Please, do not quote…

Monday, 02 September 2019 05:03

Where’s the pope? Stuck in Vatican elevator until rescue

Where’s the pope? He’s stuck in a Vatican elevator. Thousands of people who were gathered in St. Peter’s Square for the traditional Sunday on-the-dot-of-noon appearance by Pope Francis were watching for the window of the Apostolic Palace to be thrown open so they could listen to the pope’s remarks and receive his blessing. But after seven minutes, people were looking at each other quizzically: no pope? Then Francis popped out and answered their question: “First of all I must excuse myself for being late. I was blocked in an elevator for 25 minutes.” Apparently referring to electrical power, Francis explained…

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