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Dangote named most tax complaint business organizations by FIRS

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L- R, Dangote Ports Managing Director, Akin Omole, Dangote Industries ltd, Group Head, Strategic Tax & Compliance, Dr.Titilayo Fowokan, receiving the Federal Inland Revenue Service(FIRS)’s Most Compliant Taxpayer Award from the FIRS Director, Tax Payers Service Department, Dr. Loveth Onanuga; FIRS Tax Controller Large Taxpayers Office, Ikeja Lagos, Abisola Olabiyi; FIRS State Administration Lagos Mainland, Ishola Akingbade,at the presentation of the award in Lagos at the weekend.

It was a season of award at the weekend for the Dangote Group and its subsidiaries following their recognition as best Nigeria’s best compliant tax payer business organization and FMDQ Gold award winner for being the most active corporate organization in the foreign exchange market.

Dangote Indusries Limited (DIL) and Bluestar Shipping, a subsidiary, were recognized as the most compliant in tax payment in the country ahead of the MTN Communication while the country’s leading cement manufacturer, Dangote Cement Plc at another occasion won three awards at the FMDQ Gold Awards held in Lagos.

During the Special Day of the Federal Inland Revenue Service (FIRS) at the just concluded Lagos International Trade Fair, the nation’s tax regulators adjudged Dangote Industries Limited as the most compliant taxpayers in Nigeria.

In another development, Dangote Cement Plc emerged as the Largest Commercial Paper Quotation on FMDQ and Single Largest Corporate Debt Issue on FMDQ. Dangote Industries Ltd also emerged as the “Most active corporate in the foreign exchange market”.

The FMDQ GOLD Awards, (Global Competitiveness, Operational Excellence, Liquidity and Diversity), is a corporate tradition that recognises the resilience and agility of the Nigerian financial markets’ participants.

The award acknowledges the valuable efforts of these stakeholders, whose participation in the FMDQ markets and across the financial market infrastructure value chain of FMDQ’s businesses – Securities Exchange, Central Counterparty and Depository – have positively shaped the course of the markets and invariably impacted the development of the Nigerian economy.

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Two companies from the Dangote stable, Dangote Cement and Blue Star Shipping were recognised at the weekend by the Federal Inland Revenue Service (FIRS) as being among the most compliant taxpayers. As part of its Special Day activities at the 2024 Lagos International Trade Fair, the FIRS celebrated several business organisations for their high levels of tax compliance.

Dangote Cement was recognised in the biggest taxpayer category in the part of the programme tagged “FIRS compliant taxpayers awards and recognition”. Several speakers at the event including FIRS State Administration Lagos Mainland, Ishola Akingbade, who represented the Chairman of FIRS commended these companies for their high levels of compliance which makes tax administration easy.

Head of Tax Compliance at Dangote Industries Ltd, Dr. Titi Fowokan speaking on the journey leading to the recognition by FIRS  stated that “Dangote as a Group has a Tax Policy that is based on zero tolerance for tax non-compliance. As good corporate citizens, we comply with all relevant laws, including tax laws. Also, complying with the tax payment statutory deadlines ensures that we do not fall foul of the law, which stipulates penalties for non-compliance.”

We pride ourselves in the Dangote Brand and seek to promote a tax compliance culture, which demonstrates our corporate responsibility to the government for the provision of public goods and services for the citizens”, she added.

Fowokan explained that the company as part of steps to achieve compliance maintained its best practice tax governance culture, ensured ⁠accurate tax computation and timely remittance to avoid penalties & interest arising from tax compliance defaults. She affirmed that these steps helped to minimise tax audit risks & avoid incidence of tax litigations.

Dangote Industries Limited (Dangote Group) is one of Africa’s largest industrial conglomerates. It is a diversified and fully integrated conglomerate. It has been a key investor in the Nigerian economy. The Group’s interests include cement, sugar, salt, fertiliser, agriculture, transport, packaging and real estate, the oil and gas, petrochemical, and steel sectors of the economy.

The core business focus of the Group, which started operations in 1978, is to provide local, value-added products and services that meet the ‘basic needs’ of the populace. Through the construction and operation of large-scale manufacturing facilities in Nigeria and across 17 other African countries, Dangote Group is focused on building local manufacturing capacity to generate employment, prevent capital flight and provide locally produced goods for the people.

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MAAUN Clarifies Status of Former Visiting Lecturer, Reaffirms Zero-Tolerance Policy on Sexual Harassment

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The management of Maryam Abacha American University of Nigeria (MAAUN) has clarified that Dr. Nasa’i Gwadabe, a lecturer from North West University, Kano, is no longer affiliated with the institution, following the expiration of his one-year appointment as a Visiting Lecturer in May 2026. The university said the clarification became necessary in response to reports circulating on social media linking him to the institution.

In a statement issued by the university management, MAAUN explained that Dr. Gwadabe’s appointment ended in May 2026 and was not renewed. According to the statement, he is therefore no longer a member of the university’s academic staff and should not be described as such in media reports or public discussions.

The university stated that Visiting Lecturers are employed on one-year contracts, with renewal dependent on satisfactory performance, institutional requirements, and management approval. It added that Dr. Gwadabe’s contract was not renewed at the end of its tenure, noting that the same decision applied to a number of other Visiting Lecturers whose appointments also expired.

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Reaffirming its stance on misconduct, the management said MAAUN maintains a zero-tolerance policy on sexual harassment, abuse, and exploitation. According to the statement, the policy is regularly communicated to members of the university community as part of efforts to promote a safe learning environment.

The university further disclosed that its Founder has introduced a ₦5 million reward for any female student who reports and provides credible evidence of sexual harassment or sexual assault involving any lecturer or staff member through the university’s established reporting channels. The management said the initiative demonstrates the institution’s commitment to addressing allegations of misconduct and protecting students.

MAAUN also rejected what it described as inaccurate claims circulating in connection with the matter. According to the management, reports alleging that a student was delayed for two years are false, noting that the university only recently graduated its first set of students.

The institution also dismissed claims that a postgraduate student was among the alleged victims. The management explained that MAAUN has not yet commenced postgraduate programmes, making such assertions factually incorrect.

The university urged members of the public and media organisations to verify information before publication and to refrain from referring to Dr. Nasa’i Gwadabe as a current member of staff, stressing that his association with the institution ended when his appointment expired in May 2026.

The management reiterated that MAAUN remains committed to upholding the highest standards of integrity, transparency, accountability, and academic excellence while continuing to enforce policies aimed at ensuring the welfare and safety of students and staff.

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CSOs Warn of Economic Hardship as CBN Revokes 46 Microfinance Bank Licences Nationwide

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A coalition of civil society organisations has expressed deep concern over the revocation of the operating licences of 46 Microfinance Banks (MFBs) by the Central Bank of Nigeria (CBN), warning that the decision could worsen financial exclusion, weaken grassroots economic activities and inflict hardship on millions of Nigerians, particularly in Kano State.

The concern was contained in a joint statement signed by Comrade Bashir Shehu, Executive Director of the African Centre for Civil Rights, Social Justice and Good Governance (Convener), and Hajiya Lami Adamu Garba, Executive Director of the Centre for Women Development Initiative, Katsina (Co-Convener), on behalf of a coalition of eight civil society organisations.

The coalition noted that Kano State was among the worst affected by the licence revocation, with 13 of the affected microfinance banks located in the state out of the 46 licences withdrawn nationwide.

According to the statement, Kano previously had about 40 licensed microfinance banks, meaning that nearly one-third of the state’s microfinance institutions have now lost their operating licences.

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The organisations observed that the affected banks play a critical role in providing financial services to low-income earners, petty traders, small and medium-scale enterprises (SMEs), women, farmers and rural communities that are often excluded from conventional banking services.

They warned that the closures could lead to increased financial exclusion, disruption of small businesses, loss of public confidence in the microfinance sector, reduced access to credit and savings facilities, and broader socio-economic challenges in communities that rely heavily on microfinance institutions.

While acknowledging the CBN’s statutory responsibility to regulate the financial sector and ensure compliance with banking standards, the coalition stressed that regulatory actions should be implemented in a manner that also protects depositors, preserves public confidence and promotes financial inclusion.

The groups urged the CBN to review the decision where possible and work with relevant stakeholders to minimise the impact on affected communities. They also called on the Kano State Government, members of the National Assembly and the Nigeria Deposit Insurance Corporation (NDIC) to ensure that depositors’ funds are protected and that viable microfinance institutions receive the necessary support to strengthen their operations.

The coalition further advocated improved financial literacy programmes, enhanced regulatory guidance and capacity-building initiatives for microfinance banks, arguing that preventive reforms and institutional support would yield better long-term outcomes than actions capable of widening the country’s financial inclusion gap.

The organisations maintained that protecting access to community-based financial services remains essential to economic growth, poverty reduction and sustainable development, urging all relevant authorities to take immediate steps to safeguard the interests of affected Nigerians.

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Is N100,000 Worth the Risk?’ Nigerians React to Soldiers’ Salary Increase

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Chief of Army Staff Lt.Gen Waidi Shuaibu

 

By Yusuf Danjuma Yunusa

The Federal Government has approved a N51,000 monthly salary increase for Nigerian soldiers, raising their basic pay from N49,000 to N100,000, Minister of Defence Gen. Christopher Musa announced during an appearance on News Central TV earlier today.

The disclosure, while intended to signal the administration’s commitment to improving welfare for military personnel, has instead ignited a firestorm of criticism across social media platforms, with many Nigerians questioning whether the increment adequately reflects the dangers and sacrifices inherent in military service.

“When you consider the operational environment our troops operate in, the compensation must match the risk,” one commenter, Victor, suggested, proposing that soldiers’ basic salary should fall between N400,000 and N500,000.

The announcement has drawn particular scrutiny from citizens who note the disparity between the pay hike and the perilous conditions facing troops engaged in counterinsurgency operations across the country’s northeastern and northwestern regions.

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Social media users were quick to voice their discontent, with many questioning the scale of the increment.

“I don’t understand, the 100k is for feeding allowance or what?” asked Chinyere, reflecting widespread confusion about the nature of the increase.

Another commenter, Celestine, remarked with apparent sarcasm: “This must be in dollars.”

Niyoo David offered a more measured observation: “To them na achievement oo” — a comment suggesting the government views the increase as a significant accomplishment even as critics deem it insufficient.

Titilope highlighted the inherent contradiction: “So 100k is big money for the job with the highest risk?”

Some commenters, including Ahmad Abubakar and Yusuf Auwal, drew a direct connection between compensation and security outcomes, with both stating: “Now we know the meaning of Insecurity and its components” and “This is exactly the meaning of Insecurity,” respectively — remarks that appear to suggest inadequate pay contributes to the nation’s security challenges.

Despite the announcement, Gen. Musa acknowledged that the military remains underfunded relative to its operational requirements.

“The military is currently underfunded for it to meet its full operational needs,” the minister stated, without providing specific figures regarding the funding gap or detailing what additional resources would be required.

The admission raises questions about whether the salary increment, while representing a significant percentage increase of over 104 percent from the previous N49,000 base pay, will be sufficient to boost morale and recruitment in a force that has faced mounting casualties in ongoing counterterrorism campaigns.

The public discourse following the announcement has inevitably turned to the broader question of military compensation in Africa’s most populous nation, where insecurity remains a pressing concern across multiple regions.

As Nigerians continue to debate the adequacy of the N100,000 monthly salary, the question now being posed is: What is a fair wage for those who risk their lives in defence of the nation?

We ask our readers: How much do you believe a Nigerian soldier should be paid? Share your thoughts in the comments section below.

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