News
Reps Probe Alleged Alterations to New Tax Laws as PDP Seeks Delay
The House of Representatives has set up an ad hoc committee to investigate alleged discrepancies between tax reform bills passed by parliament and the versions gazetted by the Federal Government.
The probe follows claims by lawmakers that unauthorised insertions were made to the laws signed by President Bola Tinubu, raising concerns about constitutional compliance.
In response, the Peoples Democratic Party has called for a six-month postponement of the January 1, 2026 commencement date of the new tax regime, arguing that the delay would allow time for investigation and public sensitisation.
The tax reforms, which consolidate revenue administration under a single authority, aim to simplify compliance, broaden the tax base and eliminate multiple taxation. However, they have drawn mixed reactions nationwide, with civil groups warning of potential economic hardship.
Government officials have pushed back against criticism, insisting the reforms are pro-poor and designed to protect small businesses and low-income earners, while improving revenue efficiency.
The House committee is expected to submit its findings for further legislative action.
-
SDP Warns Against Senate Resistance to Real-Time Election Result Transmission
The Social Democratic Party (SDP) has called on Nigerians to resist moves by Senate leadership that it says undermine efforts to mandate the real-time electronic transmission of election results. The party warned that delaying such reforms could erode public confidence ahead of the 2027 general elections. SDP’s National Publicity Secretary, Rufus Aiyenigba, issued the statement…
-
Reps Committee Probes FCT Councils Over ₦100bn Audit Breach
The House of Representatives Public Accounts Committee (PAC) has summoned the chairmen of the six Area Councils in the Federal Capital Territory (FCT) following an audit report indicting them for financial irregularities exceeding ₦100 billion. The affected councils—Abuja Municipal, Bwari, Gwagwalada, Kuje, Abaji, and Kwali—were cited in the Auditor-General’s report for the year ending December…
-
Legal Showdown Looms as Turaki Bloc Battles INEC Over Wike’s Recognition
The faction of the Peoples Democratic Party (PDP) led by Kabiru Tanimu Turaki, SAN, has strongly criticised the Independent National Electoral Commission (INEC) for recognising a caretaker committee loyal to the Minister of the Federal Capital Territory, Nyesom Wike. The group described the commission’s action as unconstitutional and provocative, vowing to pursue all legal remedies.…
-
CIBN Applauds Abia Governor Otti for Economic Gains
The Chartered Institute of Bankers of Nigeria (CIBN) has commended Abia State Governor, Alex Otti, for the notable economic progress achieved under his administration. During a courtesy visit to the governor in Umuahia, CIBN President, Prof. Pius Olarenwaju, highlighted key milestones including a 10 percent rise in the state’s GDP, an eight percent reduction in…
-
FG Reaffirms Commitment to Local Government Financial Autonomy
The Federal Government has reiterated its determination to end state interference in the finances of Nigeria’s 774 local councils. Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Chairman Mohammed Shehu made the statement during a 2025 budget appraisal and 2026 budget defence session convened by the House Committee on Finance in Abuja. Shehu criticized the ongoing…
-
FG Vows to End State Interference in Local Government Finances
The Federal Government has reiterated its commitment to ending the longstanding practice of state governments interfering with funds allocated to Nigeria’s 774 local councils. The announcement was made by Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Chairman Mohammed Shehu during the 2025 budget appraisal and 2026 budget defence session held by the House of Representatives’…