News
Senate Kicks As Nigeria Lost N17trn To Tax Waivers
By Chukwuka Kanu
The Senate Committee on Finance on Monday frowned at the N17 trillion the federal government lost to tax waivers within the last five years.
It urged the Federal Inland Revenue Service (FIRS) to suspend the tax waivers and substitute it with a rebating system.
The committee’s chairman, Senator Sani Musa (APC, Niger) during the 2024 budget presentation of FIRS at the National Assembly, said the tax waivers, which he said have been abused, should be suspended.
“Your projection of N19 trillion as total tax collection for 2024 is good when compared to N11.16 trillion achieved in 2023 but the senate believes that you can do more even to the tune of N30 trillion if required measures are put in place.
“The Senate urges you to look at the direction of tax waivers largely being abused with attendant and avoidable losses being incurred every year.
“Available records show that within the last five years, about N17 trillion have been lost by the country to tax waivers.
“It should be suspended and possibly substituted with a rebating system,” he said.
The chairman of FIRS, Zacch Adedeji, who projected N19.4 trillion as the targeted tax collection for 2024, insisted that the fresh N2.7 trillion tax credit for road construction by the Nigerian National Petroleum Company Limited (NNPCL) should be stopped.
He told members of the committee that to save Nigerians from multiple taxation, the FIRS, in collaboration with the panel constituted by President Bola Tinubu, would reduce the 62 different taxes to 8.
“We are already consulting and engaging the state government on it. At the end of the day, we won’t have more than eight or nine taxes that the state and federal government would be collecting,” he said.
On controversy trailing the implementation of the tax credit scheme for road construction by NNPCL, the FIRS boss insisted that the N2.5 trillion earlier committed to it must be fully implemented before thinking of any fresh one.
News
Forum of legislators calls on Judiciary to safeguard Nigeria’s democracy
The African Democratic Congress (ADC) National Legislators Serving and Former Forum has tasked all stakeholders especially the Judiciary on projection of Nigeria’s democracy.
The forum gave the charge on Tuesday at a news conference in Abuja while reacting to comments allegedly made by some top politicians and public officials that do not advance Nigeria’s democratic processes.
Speaking on behalf of the forum, Ms Nnenna Ukeje, a member of the 8th House of Representatives said that as patriots, the forum is committed to national interest and have defended democracy on many fora.
According to her, their intervention stands for the defence, stability, protection of democracy and preservation of our beloved country.
“We must reiterate that there is a clear difference between the tyranny of the majority and true democracy; between illiberal civil rule and a system grounded in democratic contestation; between constitutional governance and authoritarian subjugation.
“Nigeria must remain firmly on the side of democracy, resisting overreach by any arm of government is not subversion; it is a constitutionally given right and duty.
“To the judiciary, we reiterate: this is a defining moment; the tipping point, the nation’s eleventh for survival.
“Your independence must remain sacrosanct. Your integrity must be unquestionable and your patriotism unapologetic. Your decision will determine the drift,” she said.
Ukeje said that Nigeria’s democracy must not be weakened by the very forces that once fought to build it saying that the preservation of democratic space is not a favour to the opposition but a duty owed to the nation.
The former lawmaker said that Nigerians must be very vigilant as democracy does not defend itself but survives only when citizens, institutions, and leaders commit to its protection.
“In conclusion, Nigeria must remain a nation governed by law, not expediency; by robust institutions, not strong individuals; and by the will of the people, not predetermined outcomes.
“Let the judiciary act without interference. Let opposition thrive without intimidation. Let citizens participate without fear.
“Nigeria’s democracy belongs to its people, and it must be protected and defended by all.
We remain committed to defending it through all lawful means; through the courts, through civic engagement, and at the ballot box,” she said. (NAN)
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News
Tinubu approves minor cabinet reshuffle, sacks Edun, Dangiwa
…..Oyedele elevated to Finance Minister
President Bola Ahmed Tinubu has approved a minor cabinet reshuffle in the membership of the Federal Executive Council.
According to a memo signed by the Secretary to the Government of the Federation, Senator George Akume, two cabinet members, Mr. Wale Edun and Arc. Ahmed Musa Dangiwa are to leave the cabinet while their replacements have been named.
Edun, until the latest development, was the Minister of Finance and Coordinating Minister for the Economy.
He has been directed to hand over to Mr. Taiwo Oyedele who is now to take over as Minister of Finance and Coordinating Minister of the Economy. Oyedele was formerly a Minister of State in the ministry.
Also Mr. Muttaqha Rabe Darma (PhD .) has been named as the ministerial nominee and minister designate for the Housing and Urban Development Ministry.
The memo also directed Dangiwa to hand over to the Minister of State in the ministry.
The memo stated that “all handing over and taking over processes should be completed on or before close of business on Thursday 23rd April, 2026.”
Explaining the President’s decision, Akume said: “These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.”
He said the President, in approving the cabinet reshuffle, has fully exercised his powers as conferred on him by Sections 147 and 148 of the Constitution of the Federal Republic of Nigeria (1999, as amended).
The President thanked the outgoing ministers for their services to the nation while wishing them the best in all their future endeavours.
The President, Akume noted, equally assured all cabinet members that “the process of reinvigoration shall be continuous.”
News
US Lawmaker Accuses Tinubu’s Minister Of Bribery To Cover Up Genocide Report
A United States lawmaker has accused Nigeria’s Minister of State for Defence, Bello Matawalle, of attempting to bribe a U.S. official in a bid to suppress a report alleging genocide against Christians in Nigeria.
Kimberly Daniels, a Democratic member of the Florida House of Representatives, made the allegation in a video posted on her official Facebook account on Monday. The video has since gained traction online, sparking debate across political and diplomatic circles.
In the video, Daniels claimed that the alleged bribe was intended to influence the narrative surrounding a report by the United World Congress of Diplomats (UN-WCD), which accused Nigerian authorities of failing to address what it described as targeted killings of Christians in parts of the country.
“A U.S. elected official was offered money by Nigeria’s Minister of State for Defence, Bello Matawalle, to change the narrative of the UN-WCD Christian genocide in Nigeria report,” Daniels said.
The lawmaker, who also serves as chairperson of the UN-WCD, maintained that she would not be intimidated or silenced, insisting that the issue of violence against Christians in Nigeria must be addressed transparently.
Daniels had earlier called on President Bola Ahmed Tinubu to remove Matawalle from office, alleging his complicity in violent incidents reported in states such as Plateau, Benue, and Kaduna.
As of the time of filing this report, Matawalle has not publicly responded to the allegations. The Nigerian government has also not issued an official statement addressing the claims.
The development adds a new dimension to ongoing international scrutiny over security challenges in Nigeria, particularly concerning communal and sectarian violence in parts of the country.
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