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Senate Committee Demands Stamp Duty Revenue Records from Governors, Banks

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By Yusuf Danjuma Yunusa

The Senate Public Accounts Committee has issued a 12-day ultimatum to the Nigeria Governors’ Forum (NGF), the Federal Inland Revenue Service (FIRS), the Central Bank of Nigeria (CBN), and all commercial banks to provide detailed records of all stamp duty revenue generated between 2016 and 2024.

The directive, announced by Committee Chairman Aliyu Wadada at the National Assembly on Thursday, aims to assist the federal government in tracking revenue and auditing the management and expenditure of these funds.

“It is, of course, one thing to be able to generate revenue, and it is a different ballgame for the revenue to be judiciously put together and effectively utilised. It is in the light of that that this committee thought it wise to look at the profile of revenue as regards the stamp duty in the country.

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“As a result of that, this committee has written to all commercial banks to furnish it with information that will be accompanied by figures as to how much that particular bank or collectively all the commercial banks have been able to generate from 2016 to 2024.

“The committee has also written to the Central Bank of Nigeria to furnish it with information accompanied with figures as to how much has actually been remitted by these commercial banks and how much has Central Bank remitted to the TSA. This committee has also written the Federal Inland Revenue Service for it to furnish it with information that should also be accompanied with figures as to how much it has generated on this category of stamp duty.,” he said.

On the inquiry involving state governments, Mr Wadada, who represents Nasarawa West Senatorial District, explained that the committee wrote specifically to the Chairman of the Nigeria Governors’ Forum, Abdulrahman AbdulRazaq of Kwara State, seeking a breakdown of stamp duty proceeds received by states within the nine years.

“For this exercise to be all-inclusive and all-encompassing. The committee has also written to the Nigerian Governors Forum, specifically to the chairman of the forum , Governor Abdulrahman Abdulrasak of Kwara State, through its secretariat, to also furnish this committee with how much they have received as proceeds of stamp duty. This is all geared towards knowing what is where, and how effective it should be utilised, he added.

Stamp duty charges are fees imposed on banking transactions and certain legal documents. It has been a major subject of controversy in Nigeria for nearly a decade. Public scrutiny intensified around 2016 when the federal government began enforcing electronic stamp duty on bank deposits above a prescribed threshold.

Since then, disagreements have persisted among federal agencies, financial institutions and state governments over who is responsible for collecting the revenue, how much has been generated, and where the proceeds have gone.

Multiple institutions, including the CBN, FIRS, commercial banks and state governments, have at various times laid claim to portions of the revenue.

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President Tinubu Appoints ex-Ekiti Gov. Fayose as Chairman Rural Electrification Agency

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By Yusuf Danjuma Yunusa

President Bola Tinubu has approved the appointment of 26 persons into the boards and management of 10 federal government agencies and commissions, with former Governor of Ekiti State, Ayo Fayose, named Chairman of the Rural Electrification Agency, REA.

The appointments, announced on Monday in a statement by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, take immediate effect.

According to the statement, Fayose will chair the board of the REA, while Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta were appointed as members and non-executive directors.

The board also includes the agency’s incumbent Managing Director and Chief Executive Officer, Abba Abubakar Aliyu, alongside the three executive directors previously appointed.

President Tinubu also appointed Major General Junaid Bindawa as Chairman of the National Salaries, Incomes and Wages Commission and approved the appointment of eight other officials into the commission.

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Former member of the House of Representatives from Lagos State, Olajumoke Okoya-Thomas, was named Secretary of the commission, while Dr Ogbole Ene Lilian, Oladele Olatubosun and Yakubu Umar Barde were appointed as commissioners representing Benue, Oyo and Kaduna states, respectively.

Other members of the commission are Dr Mai Adamu Yau (Borno), Ginika Florence Tor (Enugu), Engineer Lawrence Okoh (Edo) and Bello Morenike Iyabode (Kogi).

In another appointment, Tosin Johnson Adeyanju, who previously served as Executive Secretary of the National Lottery Trust Fund, NLTF, was redeployed as Secretary of the Revenue Mobilisation and Fiscal Commission.

The President also appointed Dr Abuh Mohammed as Director-General of the National Population Commission, NPC, Dr Akinola Odeyemi as Managing Director of the Nigerian Bulk Electricity Trading, NBET, and Dr Anthony Inalegwu Godwin as Chairman and Chief Executive Officer of the Nigeria Atomic Energy Commission.

Engineer Julius Oloro was named Chief Executive Officer of the National Centre for Agricultural Mechanisation, NCAM, based in Ilorin, Kwara State. He succeeds Dr A.R. Kamal, who died in January.

Tinubu further approved the constitution of the board of the Fiscal Responsibility Commission, with Dr Abdullahi Maikano Saidu appointed as Chairman.

Other members of the board are Mohammed Asmau, Mohammed Aliyu Makama, Dr Suleiman Gidado, Louis O. Ndukwe, Amaechi Ugwele and Olaniyi Idowu Onikola.

The President also appointed Shuni Muhammad Dahiru as Executive Secretary of the National Commission for Mass Literacy, Adult and Non-Formal Education. Dahiru replaces Professor Shu’aibu Shehu Aliyu, who was reassigned to the Petroleum Trust Development Fund, PTDF, in April.

In the Federal Housing Authority, FHA, Tinubu appointed Gisaor Vincent Iorja as Executive Director, Finance, to replace Mathias Byuan, who resigned from the position to contest the Benue State governorship election.

Iorja, an economist, legal scholar and academic, is currently the Secretary of the Benue State Independent Electoral Commission, BSIEC.

The Presidency said all the appointments take immediate effect.

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FCT Police Detain 4 Officers for Extorting N53,000 from ICPC Chairman

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By Yusuf Danjuma Yunusa

The Federal Capital Territory, FCT, Police Command has detained four police officers for allegedly extorting N53,000 from the Chairman of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, Dr Musa Aliyu, SAN, during an illegal stop-and-search operation in Abuja.

The FCT Commissioner of Police, Ahmed Sanusi, disclosed this on Monday while briefing journalists in Abuja, describing the officers as “thieves” who had no business wearing the police uniform.

According to Sanusi, the officers abandoned their designated duty posts, converged around the Banex area of Wuse, where they mounted an unauthorised checkpoint, and extorted the ICPC chairman without knowing his identity.

He said the officers compelled the ICPC chairman to withdraw N53,000 through a Point of Sale, POS, operator, made him pay the transaction charges, and later shared the money among themselves.

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“I must say here too that we have about four policemen in custody as we speak who successfully extorted somebody of high importance, unknown to them that this person is a highly placed person in society. In clear terms, they extorted the Chairman of the ICPC.

“They extorted him of N53,000. They took him to a POS, he withdrew the money, paid the charges and they shared the money among themselves,” he said.

The police commissioner said investigations revealed that the officers had formed a criminal gang after leaving their various divisions to carry out the illegal operation.

“They are a gang of criminals who left various divisions, clustered together, moved to Wuse Banex and created a checkpoint where they perpetrated this act before fleeing,” he said.

Sanusi said the command subsequently declared the officers wanted and arrested their gang leader, whose confession led to the arrest of the remaining members of the syndicate.

“We got all of them. We are going to make sure they are severely punished. Those that are going to be dismissed will definitely be dismissed,” he added.

The commissioner also reiterated that the Inspector-General of Police had prohibited the indiscriminate search of citizens’ mobile phones by officers on patrol.

He advised residents not to comply with unlawful demands by police officers to search their phones on the roadside and urged them to report such incidents immediately through the police emergency lines.

“You cannot stop anybody on the road and ask the person to bring out his phone for search. If any policeman stops you and asks to search your phone, don’t agree. Call the police emergency lines and we will ask them why,” Sanusi said.

He further urged members of the public to promptly report cases of extortion and other forms of police misconduct, assuring them that officers found culpable would be tracked down and sanctioned.

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Andy Burnham Becomes UK’s New Prime Minister

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By Yusuf Danjuma Yunusa

 

Andy Burnham has become the United Kingdom’s prime minister and was invited by King Charles III to form a government, after Keir Starmer’s resignation.

Burnham enters office promising a “10-year plan for the country” to address some of the fundamental issues holding the UK back.

He added: “I’m not saying that means I’m setting out to say I’m going to be here for 10 years. It’s more that we’re not in the right place structurally.”

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In his first Downing Street speech he promised to give people “breathing room” against the rising cost of living.

He intends to urge the country to be honest about the challenges it faces and will call for “reflection and resolution.”

He enumerated that he is “acutely conscious” that the UK has had seven prime ministers in a little over 10 years, stressing the need for more stable and responsible politics and pledging to restore faith in government.

In his final appearance at the prime minister’s office in Downing Street, Starmer said his “work is done” and that he was leaving the country “stronger and fairer” than when he took office just two years ago.

“I go with good grace, I go with a smile, and I go proud of everything that we have achieved,” he added.

After a brief audience with the king, the palace announced Starmer had tendered his resignation which Charles was “graciously pleased to accept.”

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