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Presidency Denies Discrepancies in New Tax Laws, Blames Misinformation

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By Yusuf Danjuma Yunusa

 

The Presidency has formally addressed recent concerns regarding discrepancies in the newly enacted tax reform legislation, dismissing media reports as based on misinformation. The clarification comes in response to calls from former Vice President Atiku Abubakar, Labour Party presidential candidate Peter Obi, lawmakers, and civil society groups to suspend the laws’ implementation, scheduled for January 1, 2026.

The dispute originated from allegations by Hon. Abdulsamad Dasuki, a member of the House of Representatives, who claimed that the versions of the tax laws officially gazetted differed from those debated and passed by the National Assembly. He described this as a breach of legislative due process.

In a televised interview on Channels Television’s ‘The Morning Brief’ on Monday, the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, refuted these claims. He stated that the committee lacks the final certified copies of the harmonised bills passed by the National Assembly and transmitted to the President, making any comparison with the gazetted versions unverifiable.

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“Before you can say there is a difference between what was gazetted and what was passed, we have what has not been gazetted. We don’t have what was passed,” Oyedele explained.

“The official harmonised bills certified by the clerk, which the National Assembly sent to the President, we don’t have a copy to compare. Only the lawmakers can say authoritatively what we sent.”

Oyedele also addressed a specific controversy surrounding Section 41(8), which was alleged to require taxpayers to pay a 20% deposit before filing certain appeals. He confirmed that this provision does not appear in the final gazetted version, though it had been included in an earlier draft.

“What is out there in the media did not come from the committee set up by the House of Representatives. I think we should allow them to do the investigation,” he said.

Background on the Reforms

President Bola Tinubu recently signed into law four key statutes: the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service (Establishment) Act, and the Joint Revenue Board (Establishment) Act. These laws will be implemented under a unified body, the Nigeria Revenue Service.

The Federal Government describes the reforms as the most comprehensive modernization of Nigeria’s tax system in decades. They aim to simplify compliance, broaden the tax base, eliminate duplicative taxes, and modernize revenue collection across all levels of government.

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Shettima Launches South-East Vision 2050, Unveils New Regional Investment Company

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By Yusuf Danjuma Yunusa

 

Vice President Kashim Shettima on Wednesday launched a 25-year development blueprint, Vision 2050, aimed at boosting economic growth in Nigeria’s South-East region.

Speaking at the South-East Vision 2050 Regional Stakeholders’ Forum in Enugu, Shettima said the initiative marked a shift from short-term governance cycles toward long-term, structured regional planning.

This was contained in a statement posted on X and signed by his media aide, Stanley Nkwocha.

He also announced the establishment of the South East Investment Company Limited, approved by President Bola Tinubu, to mobilise resources from the diaspora, capital markets, and development finance institutions for the region’s infrastructure and industrial development.

“This forum reflects foresight, responsibility, and a shared understanding that the future is not something we wait for, but something we must deliberately design.

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“In recognition of the distinctive character of the South-East, its entrepreneurial spirit, its global diaspora, and its long-standing relationship with international capital, President Bola Ahmed Tinubu approved the establishment of the South East Investment Company Limited,” Shettima said.

He added that the company would work alongside the South-East Development Commission to address infrastructure gaps and drive regional competitiveness.

Shettima stressed that the SEDC was conceived as a delivery-focused institution rather than a bureaucratic body, with the aim of creating jobs, boosting productivity, and generating tangible economic outcomes.

“Let me be clear. This is not another layer of bureaucracy. It is a delivery institution, focused on tangible outcomes that translate into jobs, productivity, and growth,” he stated.

Governors from the region, including Peter Mbah (Enugu), Alex Otti (Abia), Charles Soludo (Anambra), and Francis Nwifuru (Ebonyi), pledged their support for Vision 2050 and highlighted their respective states’ ongoing development initiatives.

The forum also drew representatives of the diaspora, civil society, private sector and development partners.

Shettima particularly acknowledged Umu Igbo Unite, a US-based network of over 10,000 young professionals, emphasising that regional development would require collaboration at home and abroad.

Officials of the United Nations Development Programme, federal ministries and corporate bodies were present to share insights on long-term regional planning, industrialisation, and infrastructure development.

Shettima concluded that sustainable regional growth required deliberate action, strong institutional coordination, and active engagement from all stakeholders.

The Vice President toured an exhibition gallery organised by the National Council for Arts and Culture, highlighting South-East cultural and economic potentials.

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Fubara: We will not loose focus on governance, infrastructure development

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Governor of Rivers State, Sir Sininalayi Fubara has vowed that despite the distractions his administration has been exposed to, he will not lose focus on governance, and the provision of critical infrastructure such as roads and markets for the people of the state.

The governor made the declaration on Wednesday during an inspection tour of ongoing road rehabilitation projects, stretching through the entire rOld Township , Borokiri and the Creek Road Market in Port Harcourt’.

“What are we trying to do? You can see the difficulty driving through the Creek Road and what is happening there? Because we don’t have good settlement for market. So if we fix this market those trading along the streets will vacate and will be inside the market. When they are inside the road can be properly fixed and the beauty of the town will start reflecting.

“I promise our people that no matter the situation we are in, we will not loose focus on governance because our people have given us this trust and the little we owe them is to give them confidence in leadership and ensuring that governance continues strongly,” he said.
The governor who was accompanied on the tour by Engr. Michel Issa of Setraco Nigeria Limited, emphasised that its reconstruction remains as the linchpin for the development of the communities.
He stated that by providing a modern facility for traders, the government aims to end the practice of street trading, which currently obstructs traffic and damages road infrastructure.

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“You are aware that sometime last year I visited this place and I did promise that because we want to bring back the beauty of town to its old ambiance that the issue of people trading along the Creek Road and also in most of the major streets in town , that there will be the need to fix the market.

“So, I went to check the ongoing projects that have to do with roads and after that I am here to see for myself what is going on in the market.
From what you can see the contractor has already mobilised to site and I believe that in the next one week the project will commence

“What are we trying to do? You can see the difficulty driving through the Creek Road and what is happening there? Because we don’t have good settlement for market. So if we fix this market those trading along the streets will vacate and will be inside the market. When they are inside the road can be properly fixed and the beauty of the town will start reflecting,” he said.

The inspection tour attracted a large crowd of people who had abandoned their stalls to catch a glimpse of the governor and his entourage. At each of the stops, men, women and youth in the neighborhood trooped out to welcome the governor and hail his efforts in the urban renewal project in their communities.

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JUST IN: Nnamdi Kanu Files Appeal Against Conviction on Life Sentences

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By Yusuf Danjuma Yunusa

The detained leader of the Indigenous People of Biafra, Nnamdi Kanu, has filed a notice of appeal challenging his conviction and multiple sentences imposed by the Federal High Court in Abuja, insisting that the trial was riddled with fundamental legal errors and amounted to a miscarriage of justice.

In the notice of appeal dated February 4, 2026, Kanu said he was appealing against his conviction and sentences on seven counts, including terrorism-related offences, for which he received five life sentences and additional prison terms after being found guilty on November 20, 2025.

“I, Nnamdi Kanu, the Appellant, having been convicted and sentenced… do hereby give notice of appeal against my conviction,” the document stated.

Kanu was convicted for offences including “committing an act preparatory to or in furtherance of an act of terrorism,” “making a broadcast… with intent to intimidate the population,” and “being the leader and member of the Indigenous People of Biafra (IPOB), a proscribed organisation in Nigeria,” among others.

Justice James Omotosho of the Federal High Court, Abuja, delivered the judgment on November 20, 2025, sentencing Kanu to five life terms for terrorism-related offences, 20 years’ imprisonment for being the leader of the proscribed IPOB, and five years’ imprisonment with no option of fine for importing a radio transmitter without a licence.

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In his grounds of appeal, the IPOB leader accused the trial court of failing to resolve what he described as a “foundational disruption of the original trial process” following the 2017 military operation at his Afara-Ukwu residence.

“The learned trial judge erred in law by failing to resolve the procedural and competence consequences of the foundational disruption of the original trial process in September 2017,” Kanu argued.

He also contended that the court proceeded to trial and judgment while his preliminary objection challenging the competence of the proceedings remained unresolved.

The learned trial judge did not hear or determine the objection,” the appeal document stated, adding that judgment was delivered “while the objection remained pending and undetermined.”

Kanu further faulted the court for delivering judgment while his bail application was still pending, arguing that this affected the fairness of the trial process.

He also claimed that the trial court convicted him under a law that had already been repealed, stating that “the learned trial judge erred in law by convicting and sentencing the Appellant under the Terrorism Prevention (Amendment) Act, 2013, notwithstanding its repeal by the Terrorism (Prevention and Prohibition) Act, 2022, prior to judgment.

Kanu further argued that he was subjected to double jeopardy, contrary to Section 36(9) of the 1999 Constitution, after being retried on facts he said had earlier been nullified by the Court of Appeal.

He also complained that he was denied fair hearing, claiming that he was not allowed to file or present a final written address before judgment was delivered.

Among the reliefs sought, Kanu asked the Court of Appeal to allow the appeal, quash his conviction and sentences, and “discharge and acquit the Appellant in respect of all the counts.”

He also informed the appellate court of his desire to be present at the hearing of the appeal, stating, “I want to be present at the hearing of the appeal because I may be conducting the appeal in person.”

Kanu is currently being held at a correctional facility in Sokoto State, after his application to be transferred to a different facility in either Niger or Nasarawa State was denied.

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