National

By Uzair Adam 

The Nigerian Police Force (NPF) has uncovered how three police officers attached to Zone 7 Headquarters, Abuja, illegally diverted N43,160,000 from a cargo worker at the Nnamdi Azikiwe International Airport in August 2023.  

According to a statement released on Wednesday by the Force Public Relations Officer, ACP Muyiwa Ogunjobi, the officers—Inspector Ekende Edwin, Inspector Esther Okafor, and Sergeant Talabi Kayode—acted on the directives of DSP Peter Ejike. 

They unlawfully arrested Andrew Ejah, an employee of FATFAD Cargo Nigeria Limited, who was transporting N74,950,000 on behalf of clients.  

The officers reportedly detained Ejah at Zone 7 Headquarters and falsely declared that only N31,790,000 was recovered. They allegedly demanded a portion of the funds in exchange for suppressing the case.  

Upon receiving a petition from the owners of the missing funds, the Force Headquarters assigned the IGP Monitoring Unit to investigate. 

The unit recovered N31,790,000 from the officers, who maintained that it was the total sum confiscated during Ejah’s arrest.  

Further investigations revealed that the officers had tampered with evidence. Photographs taken at the time of arrest, showing the full amount, were allegedly lost after the phone used was damaged. 

However, forensic analysis exposed their conspiracy to divert N43,160,000 and move it out of the Federal Capital Territory (FCT) for safekeeping.  

The statement also addressed circulating reports accusing Inspector-General of Police Kayode Adeolu Egbetokun of shielding a cartel involved in smuggling new banknotes from the Central Bank of Nigeria. 

The NPF dismissed the claims as false and part of a smear campaign to divert attention from the officers’ misconduct.  

“The implicated officers have been suspended and face prosecution for serious misconduct, tampering with exhibits, abuse of office, and corrupt practices,” Ogunjobi added.  

The NPF urged the public and media to disregard false narratives aimed at tarnishing the Inspector-General’s image and undermining ongoing police reforms.

By Uzair Adam

The Presidency has dismissed concerns that the proposed tax reform bills currently before the National Assembly will impoverish northern Nigeria or disproportionately favor Lagos and Rivers states.

In a statement issued on Monday, presidential spokesperson Bayo Onanuga emphasized that the reforms are designed to improve the quality of life for all Nigerians, particularly the disadvantaged, by simplifying tax administration and fostering a better business environment.

The statement addressed apprehensions raised by Borno State Governor Babagana Zulum, who had suggested that the proposed Value Added Tax (VAT) sharing formula could be skewed in favor of Lagos and Rivers states.

Onanuga, however, described these concerns as unfounded and based on misinformation.

“The tax reform bills will not make Lagos or Rivers states wealthier at the expense of other regions, nor will they lead to the economic marginalization of any part of the country,” Onanuga stated.

He urged Nigerians to reject any attempt to polarize the nation over the proposed legislation.

Onanuga also clarified that the bills do not seek to abolish key federal agencies such as the Tertiary Education Trust Fund (TETFUND), the National Agency for Science and Engineering Infrastructure (NASENI), or the National Information Technology Development Agency (NITDA), which will continue to receive funding through budgetary allocations.

The spokesperson reiterated that President Bola Tinubu’s fiscal policy reforms aim to ease the tax burden on businesses, streamline tax collection, and support national development.

Meanwhile, former Speaker of the House of Representatives Yakubu Dogara called on Northern leaders to approach the tax reform bills pragmatically rather than with ethnic or religious sentiments.

Speaking during a Channels Television town hall in Abuja on Monday, Dogara stressed the importance of prioritizing the region’s future development.

“We Northern leaders must set aside ethnicity and religious biases and focus on the realities these reforms will bring,” Dogara said.

He also criticized senators who claimed there was insufficient consultation on the bills, questioning their own legislative practices.

“How often do they consult the public when making laws? Some state laws are drafted in governors’ living rooms,” Dogara remarked, dismissing the argument that public opinion outweighs the potential impact of the reforms.

Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal and Tax Reforms, explained that the bills aim to empower subnational governments to enhance revenue generation and achieve fiscal self-sufficiency.

By Uzair Adam

Operatives of the Rivers State Police Command have rescued four children from an alleged child trafficking ring and arrested two suspects linked to the crime.

The children, aged between one and thirteen, were reportedly found at Alaeze Guest House in the Rumukwachi community of Obio/Akpor Local Government Area, where they were allegedly being held before being handed over to a nurse identified as Loveth, who runs a maternity home.

Grace Iringe-Koko, the Public Relations Officer of the command, stated that the hotel manager played a key role in uncovering the situation.

“The Managing Director of the Guest House became suspicious of the activities of one Esther Anthony, who attempted to check out with the children. He insisted that she provide proof of being their mother,” Iringe-Koko explained.

In response, Anthony left the premises and returned with police officers, accusing the manager of abducting the children and threatening her with a firearm.

However, the manager contacted the Choba Area Command, leading to Anthony’s arrest.

Further investigations revealed that Anthony had conspired with another suspect, identified as Favour, to traffic the children from Swali community in Bayelsa State.

Another accomplice, Purity Silas, was also apprehended in connection with the case.

In a startling development, a family in the Rumuodara area of Port Harcourt identified Anthony as the person who had previously stolen three of their children and sold them to Loveth.

The suspects have reportedly confessed to the crime and are now in police custody, with the case transferred to the State Criminal Investigation Department (CID) in Port Harcourt for further investigation.

By Abdullahi Mukhtar Algasgaini

Senator Orji Kalu, who represents Abia North at the upper legislative chamber has revealed that the federal government made a mistake not to have carried the National Executive Council, Nigeria Governor’s Forum, and the Council of State along in its tax reform bills.

Kalu disclosed this on Monday in an interview with Arise Television on the controversial tax reform bills.

Recall that Senator Mohammed Ali Ndume, the Northern Governor’s Forum, the National Economic Council, and others have openly opposed the tax reforms.

However, Orji noted that the bills are very progressive and would bring back fiscal federalism in Nigeria.

Meanwhile, he faulted the initiators of bills for not carrying key stakeholders along saying, “As I told you before, the bill is very progressive. It will bring back fiscal federalism. Many senators have not been briefed. I think the federal government made a mistake. The initiators of the bills would have briefed the National Economic Council, Governors’ forum”.

Recall tax reform bills, including the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill, were sent to the National Assembly for passage since October 2024.

The bills gained momentum last week when they secured second-reading passage at the Senate.

This comes after the Northern Governor’s Forum and National Economic Council called for the bill’s withdrawal.

Meanwhile, DAILY POST reports that economic experts have backed the tax reform bill on the grounds that it will boost Nigeria’s revenue.

However, Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee had earlier in his contributions, explained why the tax bills generated so much controversy.

By Uzair Adam 

The National Hajj Commission of Nigeria (NAHCON) has allocated 1,518 slots to Jigawa State for the 2025 Hajj.  

Alhaji Ahmad Labbo, Director-General of the Jigawa State Pilgrims Welfare Board, disclosed this to the News Agency of Nigeria (NAN) on Saturday in Dutse.  

Labbo stated that 70 percent of the allocated slots have been distributed to the 27 local government areas in the state for sale to interested pilgrims. 

The remaining 30 percent is held in reserve until the initial allocation to each local government is fully utilized.  

He further revealed that intending pilgrims are required to pay a deposit of N8.4 million while awaiting NAHCON’s official announcement of the Hajj fare.  

Labbo urged prospective pilgrims to make early payments to enable the board to complete preparations for the pilgrimage.  

The Hajj, one of Islam’s five pillars, is an annual pilgrimage to Mecca undertaken by Muslims worldwide.

By Uzair Adam 

Governor Babagana Umara Zulum of Borno State has expressed strong opposition to the tax reform bills introduced by President Bola Ahmed Tinubu’s administration, cautioning that their implementation could significantly harm the northern region.

The controversial bills, which propose shifting the basis for Value Added Tax (VAT) distribution to the location of consumption, have sparked widespread resistance, particularly in the north. 

Key stakeholders, including northern governors, traditional rulers, and the Northern Elders Forum, have called for the withdrawal of the proposed legislation.

Speaking with BBC Hausa, Zulum criticized the rapid progress of the bills through the National Assembly, contrasting it with the protracted passage of other critical legislation, such as the Petroleum Industry Bill, which took nearly two decades to become law.

“We condemn these bills. They will set the north back and affect other regions, including some states in the South West like Oyo, Osun, Ekiti, and Ondo,” Zulum said. 

“This is not mere opposition; it is about safeguarding our future. We urge President Tinubu to reconsider. 

“He received substantial support from the north during the election, and our interests must be protected.”

Zulum warned that the financial strain imposed by the reforms could make it difficult for many northern states to pay salaries, adding, “Even if we manage to pay, it won’t be sustainable in the following year.”

When asked if the bills would exacerbate poverty and insecurity in the north, the governor affirmed, “Yes, it will. This isn’t just about the north; even Lagos is concerned. If so many regions are against these bills, why push forward without careful consideration?”

Zulum also addressed speculation about lawmakers being influenced by lobbying or kickbacks. 

“There are rumours, but we cannot be sure. What we need is patriotism. We have children, grandchildren, and relatives in rural areas. We must avoid endorsing policies that would hinder their progress.”

While emphasizing that his stance is not an act of defiance against the federal government, Zulum maintained that it calls for a more thoughtful approach. 

“We supported and voted for President Tinubu, but these bills are not in our best interest. We are simply asking for a reconsideration to protect the future of our people and the nation at large.”

By Abdullahi Sulaiman

The Concerned Academics Forum (CAF) has rejected the proposed tax reform bills under consideration by the National Assembly. In a letter to Senate President Godswill Akpabio, CAF warned of the socio-economic repercussions, calling them regressive and harmful to ordinary Nigerians.

According to the letter, the proposed bills disproportionately burden low- and middle-income earners through increased direct and indirect taxes. CAF argues that this would exacerbate poverty, raise living costs, and stifle economic growth, particularly in the informal sector.

The forum expressed disappointment over the lack of adequate social safety nets to cushion vulnerable citizens from the impact of these reforms. They also criticised the government for its insufficient efforts to address tax evasion and systemic corruption, calling instead for greater enforcement of existing tax laws.

Furthermore, CAF highlighted concerns about the adverse effects the tax reforms could have on education and research, warning of reduced funding for public universities and limitations on academic progress.

In their letter, CAF outlined key recommendations, including the adoption of a progressive taxation system, stronger measures to combat tax evasion, efficient use of public funds, and prioritisation of essential public services like healthcare and education.

The forum urged lawmakers, civil society organisations, and Nigerians at large to reject the proposed reforms and advocate for a more equitable and inclusive tax structure.

CAF’s position reflects its commitment to advancing social justice and economic sustainability in Nigeria. The group has called for a consultative approach to policy formulation that engages diverse stakeholders to ensure fairness and inclusivity.

The debate over the proposed tax reforms remains contentious. Various sectors express concerns about their potential impact on the Nigerian populace.

Dear President Bola Ahmed Tinubu,

I hope this letter finds you in good health and high spirits. 

I commend you, Your Excellency, for the bold reforms implemented under your leadership, including removing fuel subsidies and unifying the exchange rate. 

As you continue to lead Nigeria through a critical period in our history marked by your far-reaching reforms, I feel compelled to address a critical issue that could significantly impact our nation’s progress and economic stability. 

In recent weeks, there have been reports that certain high-ranking presidential advisers are allegedly manipulating and forcing various regulatory agencies to intimidate and harass companies in the media, oil and gas, telecommunications, financial services, banking, fintech, and FMCG sectors. 

This behaviour undermines your administration’s efforts to create a conducive business environment and threatens Nigeria’s economic recovery.

Sir, if it is true that high-ranking officials within the government who should be doing all they can to deliver on your mandate are the same people who undermine it by continuing to exploit regulatory agencies for personal gain, we risk the exit of multinational corporations, the shutdown of local businesses that struggle to comply with arbitrary regulations aimed at stifling competition, and the erosion of investor confidence, etc. 

Mr. President, your commitment to enhancing Nigeria’s economy through your different policies and initiatives is commendable. However, these efforts must be supported by a transparent regulatory framework that protects businesses from undue harassment. 

I urge you to investigate these allegations and take decisive action against any misuse of power by government officials who seek to manipulate regulatory bodies for personal gain.

Reinforcing the independence of these agencies will not only protect businesses but also restore trust among stakeholders in the Nigerian economy. Your actions in response to these challenges will significantly influence our country’s direction in the coming years. 

I trust that you will consider this matter with the urgency it deserves.

Thank you for your service, Mr President.

Sincerely,

Adeola Adepoju

Jabi, Abuja

By Zayyad I. Muhammad

The 60,000 barrel-per-day Port Harcourt refinery has officially resumed operations after years of inactivity. This marks a significant milestone in Nigeria’s efforts to revitalise its oil and gas sector. As one of the country’s oldest refineries, with a history spanning 59 years, the Port Harcourt facility is now expected to load at least 200 trucks of petroleum products daily, easing supply constraints, reducing dependence on imported fuels, and introducing a new price regime to compete with the 650,000 barrels per day Dangote refinery. 

Nigeria’s four state-owned refineries have long been entangled in corruption, mismanagement, and relentless pipeline attacks by organised oil thieves. These issues have not only crippled their operational capacity but also forced the country to rely heavily on imported petroleum products, despite its status as a major oil producer.

As the old Port Harcourt refinery has resumed processing crude, with Warri and Kaduna expected to follow soon, an important question arises: Should Nigeria continue with the traditional model of absolute state control and management of its refineries? This outdated approach has proven ineffective, plagued by inefficiencies, corruption, and underperformance.

This presents both a challenge and an opportunity for President Bola Ahmed Tinubu to revamp Nigeria’s refinery management system and introduce reforms to ensure long-term production and efficiency.

When all four state refineries are fully revived and operational, as anticipated, President Tinubu’s government has three viable options for reforming the management of Nigeria’s four state-owned refineries. One approach could involve retaining ownership of one refinery while granting it full autonomy to manage its operations independently, cover its expenses, and remit dividends to the government.

Another option is to lease one of the refineries to an oil company or a group of investors interested in petroleum product refining, ensuring it operates efficiently under private-sector expertise. Lastly, the government could fully privatise one refinery, distributing shares among the federal government, host communities, and Nigeria’s 36 states. This inclusive approach would address diverse stakeholder interests while ensuring effective management.

However, discussions about Nigeria’s refineries are incomplete without addressing the critical issue of managing the country’s extensive 5,120-kilometre oil pipeline network and the Nigerian National Petroleum Corporation Limited (NNPC Ltd.). While the engagement of local communities by NNPC Ltd. has started yielding positive results, significant challenges persist.

The most pressing issues include frequent illegal tapping by oil thieves, sabotage, encroachments on pipeline rights-of-way, delays in detecting leaks, and equipment failures caused by the inaccessibility of certain locations. Compounding these problems is the reliance on outdated methods of pipeline management, which hinder the system’s efficiency and responsiveness.

To address these challenges, adopting advanced technologies is essential. Systems like SCADA (Supervisory Control and Data Acquisition), Fibre Optic Cable (FOC) networks, and tools such as “go-devils,” scrapers, or smart pigs can revolutionise pipeline management. These technologies provide real-time monitoring and early warning systems, enabling swift responses to potential threats or damages, even in remote and inaccessible areas. By integrating these solutions, Nigeria can significantly enhance the security and functionality of its pipeline network, ensuring a more reliable and efficient oil and gas sector.

The revival of the Port Harcourt old refinery and the anticipated return to operation of the Warri and Kaduna refineries are commendable achievements. However, the Tinubu administration must critically evaluate and adopt a new, feasible, profitable, and masses-friendly approach to managing these refineries.

The traditional model of state absolute control has consistently failed, resulting in inefficiencies, corruption, and financial losses. It is time for a transformative strategy that ensures the refineries operate sustainably while delivering maximum benefits to the Nigerian people.

Zayyad I. Muhammad writes from Abuja, zaymohd@yahoo.com.

By Uzair Adam

The Central Bank of Nigeria (CBN) has assured that the country’s Deposit Money Banks (DMBs) remain resilient amid ongoing internal and external economic challenges.

CBN Governor Yemi Cardoso made this known on Tuesday in Abuja while presenting the communiqué from the 298th meeting of the Monetary Policy Committee (MPC).

Cardoso stated that the MPC commended the sustained stability of the banking system despite various economic headwinds.

“Key financial soundness indicators, such as the Capital Adequacy Ratio (CAR), Non-Performing Loan ratio (NPL), and Liquidity Ratio (LR), continue to reflect the strength of the sector,” he said, adding that the CBN will maintain close monitoring to ensure banks adhere to regulatory thresholds and remain healthy.

The MPC also highlighted the CBN’s ongoing efforts to deepen financial inclusion, aiming to enhance the effectiveness of monetary policy transmission.

Addressing inflation, Cardoso noted that data from the National Bureau of Statistics (NBS) revealed a rise in headline inflation to 33.88% in October, up from 32.70% in September.

On a month-on-month basis, inflation increased to 2.64% in October from 2.52% in the previous month.

Food inflation climbed to 39.16% in October from 37.77% in September, while core inflation rose to 28.37%, compared to 27.43% in the preceding month.

Despite the inflationary trend, the MPC observed a slight moderation in the prices of farm produce and commended the Federal Government’s efforts to boost productivity in the agricultural sector.

On economic growth, Cardoso disclosed that Nigeria’s Gross Domestic Product (GDP) grew by 3.46% year-on-year in the third quarter of 2024, driven by both the oil and non-oil sectors.

The non-oil sector expanded by 3.37%, while the oil sector recorded a 5.17% growth.

Additionally, Nigeria’s external reserves increased to $40.88 billion as of November 21, up from $40.06 billion at the end of October, providing enough to finance 17 months of imports.