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Reps probe tax law tweaks, PDP demands suspension

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The House of Representatives on Thursday constituted an ad hoc committee to probe the alleged discrepancies in the tax reforms passed by the parliament and the official gazetted copy currently in circulation across government agencies.

This was as the Peoples Democratic Party demanded that the Federal Government further shift forward by six months the  January 1, 2026 take-off of the new tax law.

The opposition party said the shift became important following an alleged illegal alteration made to the law passed by the  National Assembly.

The PDP added that the six-month shift would allow for “sufficient enlightenment campaigns on the new Act.”

President Bola Tinubu recently signed four major tax reform bills into law, marking what the government has described as the most significant overhaul of Nigeria’s tax system in decades.

The laws include the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service (Establishment) Act and the Joint Revenue Board (Establishment) Act, all operating under a single authority, the Nigeria Revenue Service.

The reforms are designed to simplify tax compliance, expand the tax base, eliminate overlapping taxes and modernise revenue collection across federal, state and local governments.

The laws are scheduled to take effect on January 1, 2026, following a six-month transition period for public education and system alignment.

However, the reforms have continued to attract mixed reactions nationwide.

On Wednesay, a PDP lawmaker from Sokoto State,  Abdussamad Dasuki,  drew the attention of the House of Representatives to alleged discrepancies in the tax reforms passed by the National Assembly and the copy gazetted by the Federal Government.

Dasuki warned that if not addressed, the alterations would render the new tax laws legally vulnerable as they lack legislative approval.

At the resumption of plenary on Thursday, the Speaker, Tajudeen Abbas, underscored the seriousness of the allegations by announcing a seven-man ad hoc committee to investigate the claims and submit a report to the House for further legislative action.

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He said, “On the revised tax laws, the House leadership has unanimously agreed that a committee should be set up immediately to look into the matters that were raised and many others. In that respect, I’m happy to announce to you that the following members have been appointed to the committee. They are Mukhtar Betara as Chairman, Idris Wase, James Faleke, Sada Soli, Igariwey Iduma, Fredrick Agbedi and Babajimi Benson.”

At Wednesday’s plenary, Dasuki had called on the House to revisit the gazetted version of the law and compare to what the National Assembly passed.

“I plead that all the documents should be brought before the Committee of the Whole so that we can make the relevant amendments.

“This is a breach of the Constitution and our laws, and this should not be taken by this Honorable House,” he added.

In response to the allegation, the PDP, on Thursday, commended Dasuki “for his fastidiousness and courage in the discharge of his legislative duties.”

It demanded “that the commencement date of the Tax Act be shifted from January 1, 2026, for at least six months to allow sufficient time for the investigation of this anomaly.”

The PDP warned that the disparity must be comprehensively investigated “and not treated with the customary levity this administration has shown towards serious issues of governance.”

“Nigerians are interested in knowing how these insertions and substitutions found their way into the gazetted copy. The leadership of the House of Representatives must not attempt to sweep this matter under the carpet, as it has allegedly done with the now widespread rumour that the country is operating two budgets within a single fiscal year.

“This criminal act of inserting unenacted sections into laws can erode public trust in parliamentary enactments. Nigerians deserve assurance that the laws they obey are those validly passed by their elected representatives, not provisions foreign to lawmakers,” the PDP said.

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The PDP’s call comes a date after the National Opposition Movement, on Wednesdaym demanded the immediate suspension of the tax plan’s implementation, warning that forcing it through would worsen the living conditions of Nigerians.

Addressing a press conference on Wednesday at the Yar’Adua Centre, Abuja, the NOM spokesperson, Chille Igbawua, said Nigerians were already struggling with poverty, unemployment and rising living costs, insisting the new tax regime would be punitive.

The NOM, a coalition of citizens drawn from various opposition parties, said it monitors policies affecting Nigeria’s security, economy and overall prosperity under the Tinubu administration, while advocating national liberation and transformation.

Igbawua described the planned implementation as “shocking” and “punitive,” arguing that Nigerians are already struggling to meet basic needs.

“This new tax plan must not take off now. Its implementation must be suspended immediately. This is not tax reform; it is a weapon fashioned against the economic well-being and social security of suffering Nigerians,” he said.

“You cannot tax hunger. You cannot tax poverty. And you cannot tax people into prosperity. Since coming to office, President Tinubu has shown that his priorities are not with ordinary Nigerians but with a few oligarchs tied to his economic and political interests.”

But the Federal Government, on Thursday, pushed back, alleging that some individuals were attempting to undermine the success of ongoing tax reforms, insisting that the policies are pro-poor and aimed at recalibrating national revenue generation.

The Special Adviser to the President on Economic Affairs, Tope Fasua, made the allegation on Thursday during the inauguration of a Joint Committee of the National Orientation Agency and the Presidential Committee on Fiscal Policy and Tax Reforms in Abuja.

“We must state clearly that this is a pro-poor policy — one designed to recalibrate the revenue of this country in a way that ensures the poorest Nigerians are not harmed, except positively,” Fasua said.

He stressed that the reforms were not intended to increase the tax burden on citizens or small businesses, citing the partial opening of the Brass–Nembe Road as an example of infrastructure development made possible through improved revenue mobilisation.

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“Recently, the Brass–Nembe Road was partially opened. That is the kind of progress we can expect when revenue and tax systems work better. We will also continue to draw lessons from how other countries have implemented similar reforms,” Fasua added.

Earlier, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, had said during a courtesy visit to the NOA that the reforms were designed to ease, rather than worsen, the burden on Nigerians. He lamented that widespread misinformation had continued to fuel unnecessary fear and anger over the policies.

Implementation of the reforms is scheduled to begin on January 1, 2026. Key provisions include tax exemptions for small businesses, reduced tax burdens for workers and the middle class, lower corporate tax rates, harmonisation of multiple taxes across federal, state and local governments, streamlined compliance processes, and the elimination of nuisance taxes to encourage investment.

Also speaking, the Director-General of the NOA, Lanre Issa-Onilu, represented by the Director of Planning, Research and Statistics, Nura Kobi, said the agency would deploy its 16 communication platforms across the 774 local government areas to address public misconceptions about the new tax laws.

Issa-Onilu said that although the reforms are scheduled to commence on January 1, 2026, it is crucial for Nigerians to clearly understand what the policies mean, why they are necessary, and how they will be implemented.

“Across the world, public policies rarely fail because they are poorly designed; they fail because they are poorly communicated,” he said. “When the message is not understood, the messenger must return.”

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PFIPC scandal: Gbajabiamila invited, not arrested – ICPC

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The Independent Corrupt Practices and Other Related Offences Commission has dismissed reports suggesting that the Chief of Staff to the President, Femi Gbajabiamila, was arrested over the Presidential Foreign Investment Promotion Council scandal, insisting that he only honoured an invitation from investigators.

The anti-graft agency clarified this in a statement posted on its Facebook page on Tuesday, following reports that Gbajabiamila visited the commission’s headquarters in Abuja on Monday in connection with the ongoing investigation into the purported PFIPC.

In the statement, the ICPC said the Chief of Staff voluntarily appeared before investigators and was not arrested.

“The Commission confirms that the Chief of Staff’s visit was on the invitation of its investigators and consistent with its ongoing efforts to gather all relevant facts in the matter.

“He was not arrested; he simply willingly honoured an invitation,” the statement read.

The commission said President Bola Tinubu had directed it to investigate how the PFIPC allegedly operated from the Federal Secretariat in Abuja for about two years under Adeniyi Adeyemi, who presented himself as the council’s Director-General.

According to the ICPC, Gbajabiamila arrived at its headquarters on Monday afternoon, responded to investigators’ enquiries and left after giving his statement.

“The Independent Corrupt Practices and Other Related Offences Commission (ICPC) confirms that the Chief of Staff to the President, Mr Femi Gbajabiamila, was at the Commission’s headquarters in Abuja on Monday, 20th July, 2026, to give a statement in connection with the ongoing investigation into the circumstances surrounding the purported Presidential Foreign Investment Promotion Council (PFIPC),” the statement said.

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It added that investigations into the alleged fake agency were ongoing and that further updates would be provided as necessary.

PUNCH Online had earlier reported that Gbajabiamila appeared before the ICPC on Monday after Tinubu directed the commission to investigate the circumstances surrounding the PFIPC, an entity the Presidency has disowned as fraudulent.

The controversy has prompted parallel investigations by the House of Representatives, with several government agencies and officials appearing before lawmakers over how the purported council allegedly secured office space, budgetary allocation and other official documentation.

At a public hearing convened at the National Assembly Complex by the House of Representatives on Monday, the Central Bank of Nigeria admitted that it had opened two foreign-currency domiciliary accounts for the phantom agency.

Speaking before the House’s Ad-hoc Committee investigating the matter, chaired by Yusuf Gagdi and inaugurated by Speaker Tajudeen Abbas, the Director of CBN Banking Services Department, Hamisu Ibrahim, said the accounts, one in US dollars, the other in British pounds sterling, were opened following a mandate received from the Office of the Accountant-General of the Federation.

“On July 30, 2025, we received a mandate dated July 29, 2025 from the Office of the Accountant-General. We received the mandate to authorise two accounts, one a US dollar domiciliary account, the other a pound domiciliary account, for the Presidential Economic Advisory Council/Presidential Foreign Investment Promotion Council,” Ibrahim told the committee.

He explained the CBN’s verification process, saying, “The process of opening an account requires a mandate from the Office of the Accountant-General of the Federation.

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“Once we receive that mandate, we perform all the necessary verifications to confirm that this mandate is actually coming from that office.

“The department that handles the mandate is different from the department that actually does the account opening,” he said.

He, however, noted that no one came to activate the accounts after they were opened.

Adeyemi was arrested and is facing prosecution over the matter.

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Uzodimma approves N25bn judges’ quarters, N1.9bn CBT centres for Imo

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Imo State Governor, Hope Uzodimma, has approved the construction of judges’ quarters valued at N25bn as part of efforts to improve the welfare of judicial officers in the state.

The governor also approved N1.9bn for the establishment of four computer-based test centres in Orlu Zone and the creation of a smart digital signage system to modernise the state’s infrastructure.

The approvals were announced on Tuesday by the Commissioner for Information, Public Orientation and Strategy, Declan Emelumba, while briefing journalists after the State Executive Council meeting presided over by the governor in Owerri.

Emelumba said the council approved N25bn for the construction of 40 duplexes for judges, alongside recreational facilities.

He said, “The Council approved N25 billion for the construction of 40 duplexes as judges’ quarters, complete with recreational facilities. The project is designed to provide a conducive living environment for judicial officers.”

The commissioner added that the council also approved the establishment of new computer-based test centres and a smart digital signage initiative.

“Also approved are the new computer-based test (CBT) centres and a smart digital signage initiative aimed at modernising infrastructure across the state,” he said.

According to him, the council approved N1.9bn for the establishment of four CBT centres in Orlu Zone to improve access to the Joint Admissions and Matriculation Board examinations and other computer-based tests.

He said N900m would be released immediately to commence work at two pilot centres located at Bishop Shanahan Okoye Secondary School and Community Secondary School, Omuma.

Emelumba further disclosed that the council approved the establishment of Imo Signage Asset Management Limited to regulate and deploy smart digital billboards through a public-private partnership.

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Speaking on the digital initiatives, the Commissioner for Digital Economy and E-Government, Chimezie Amadi, said the projects would be financed by private investors without financial commitment from the state government.

According to him, the initiative would be funded “at no cost to the Imo State Government,” adding that Internet of Things-enabled infrastructure would support a modern, digitally managed signage ecosystem.

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You’re too big for REA chairmanship, Fayose ’s brother tells ex-governor

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Isaac Fayose has told his elder brother, Ayo Fayose, to hand off his newly announced Rural Electrification Agency chairmanship to his son. He said the former Ekiti State governor was too politically significant for such a role.

The younger Fayose made the remark in a video on his Instagram page on Monday, reacting to the Presidency’s announcement that his brother had been appointed chairman of the REA board alongside 25 others named into the leadership of 10 federal agencies and commissions.

According to a statement by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, Fayose would chair the board alongside Ahmadu Abubakar and Ilyasu Ibrahim Makinta as non-executive directors, with the agency’s incumbent Director-General, Abba Abubakar Aliyu, and three executive directors retained.

Isaac opened his post by contrasting the chairmanship with more senior positions he believed his brother deserved, saying, “They said they gave my brother a DG, DG, not a minister, not ambassador.”

He argued that the appointment fell short of his brother’s stature, adding, “They said they gave him DG, head of parastatal, chairman of a committee. They no see give him minister, they no give him ambassador.”

Drawing a comparison with a government critic-turned-appointee, he said, “Even Reno Omokri sef, they gave him ambassador. They couldn’t give my brother ambassador,” and later pressed the point further, asking, “So why just chairman of a parastatal?”

Isaac linked the timing of the appointment to a weekend visit by former Labour Party presidential candidate, Peter Obi.

Prince Isaac Fayose. Credit: Facebook
Prince Isaac Fayose. Credit: Facebook

He said, “They gave my brother DG because Obi came on Saturday to visit me. So they said, no, we must enter that family.”

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PUNCH Online had reported that Isaac hailed Obi as Nigeria’s “incoming president” when the NDC candidate visited his home on Saturday, days after threatening to withdraw his backing, with Obi responding that many of those criticising Isaac online were not genuine supporters of the movement.

He said his brother had long maintained that he had no interest in government positions after leaving office, quoting him as having vowed that whenever he left government house, he would not become a minister, a director-general or a senator, and would return instead to face his private business.

He said, “But my brother told me, Ayodele Peter Fayose, told me, ‘Isaac, when I’m leaving this government house, whenever I leave this government house, I will not be a minister, I will not be DG, I will not be senator, I will not be anything. I will face my business.’”

Isaac noted that his brother had been financially independent long before holding public office, stating that he had been a billionaire from “when I was a baby, and had continued to do well in private business.”

He described the appointment as a “Greek gift” and questioned the timing directly, asking, “Why didn’t they give you appointment since? Why did they wait till Obi come?”

Addressing his brother, he said, “I know you will not take this. But if you take it, who am I? Who am I? Omo Oba.”

He then offered congratulations while telling him to pass the position on instead.

He said, “Congrats on your appointment. You better give your son. Please, don’t use that kind of appointment. You are too big for that. Afobaje ni e,” loosely translated as “you are a kingmaker.”

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Beyond the appointment, Isaac used the post to restate his confidence in the opposition’s chances in the 2027 general election.

He said, “I am ready to see it through. And I know what we have on ground in Nigeria today. Election, we have 62 per cent, total vote cast, free and fair, credible.”

He dismissed suggestions that the vote would be manipulated, adding, “I’m not scared… They are scared of what they don’t know.”

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