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Just in: Tinubu Govt To Tax Yahoo Boys Under New Tax Bill
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By Kayode Sanni-Arewa
The Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has said that illicit funds in Nigeria such as laundered money or proceeds of crimes will also be taxed under the controversial tax reform bill.
Oyedele made the assertion when speaking on an X space hosted by Nairametrics in partnership with Business Day, BudgIT, and CODE
He explained that the government will rely on data and intelligence reports to track illicit funds of Nigerians and tax them before probing the sources of such funds.
He said such tax will be collected through what he tagged a “voluntary disclosure programme”, in which people will declare the source of their funds whether legal or illegal.
“Yes, we have provisions (for illicit funds) in those bills. You have to pay tax regardless of the source of the income, and once we find that you have revenue, including from the international data we’re going to be receiving, and you can’t explain it, you have to pay the tax.
“But for people to be able to do that almost seamlessly, we plan to do a voluntary disclosure programme, where we give the people the opportunity to self-declare before we now come down on them because this time around there is going to be data and everybody will know it is not a joke,” he clarified.
Govt will discover revenue through intelligence
Oyedele further explained that the government will find out the revenue of citizens whether a citizen discloses or not.
“We are going to write you and tell you, “This is how much you have in your account”, the number of bank accounts that you have; how much money you spend on your payment card; the money you have with investment accounts and asset management, stock accounts, how many times you have travelled abroad.
“I don’t want to scare anybody but these are pieces of cake that they have been doing in small, large, developed, underdeveloped countries for years. So we are not even doing anything that is novel, we are just trying to be at par with the rest of the world.”
It will help fight corruption
Oyedele also noted that expanding the tax net to the underworld of crimes will help Nigeria fight corruption.
He said: “We think this will also help us to fight corruption because if we want to do this seriously, this is how to tackle corruption.
“Because I find money that you can’t explain, then I collect the tax fast, then I come back to say “by the way, where did you get the money from?”
He added that the bill makes provision for an Ombudsman to ensure that taxpayers are not cheated and overtaxed. He said the Ombudsman would be legally empowered to function
“The Ombudsman can also bite. And it is not just about protecting the vulnerable person, you come in and just vent. The Ombudsman has the means and resources to intervene immediately. And there are consequences for the revenue authority if they don’t listen to you, including legally.”
What you should know
The tax bill provides relief for low-income earners and small businesses as they would be exempt from income taxes and value-added taxes.
However, it is facing strong resistance from the Northern part of the country, where political stakeholders say it would not benefit the region.
Virtually all governors in the Northern region have opposed the bill.
News
Fire security chiefs if terrorism in next 90 days if insecurity persists– Adeboye urges FG
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has advised the federal government to give Nigeria’s security chiefs a 90-day deadline to eliminate terrorists across the country or resign from office.
Adeboye made the call in a video shared on X on Tuesday where he expressed concern over the country’s security situation and urged authorities to act swiftly against those responsible for the violence.
Addressing the government, the cleric said security chiefs should be held accountable for delivering results in the fight against terrorism.
“If I were asked to make suggestions, I would say quietly to our government, ‘Move fast and tell our security chiefs, get rid of these terrorists within 90 days or resign,” he said.
The cleric also called on the government to go beyond targeting terrorists and focus on those financing and supporting their activities.
“When giving orders to the service chiefs this time around, we should make it clear to them that they are not only to eliminate the terrorists; they should eliminate their sponsors, no matter how influential they may be,” he added.
Adeboye recalled advising a former Nigerian president to issue a similar ultimatum to security chiefs in the past, noting that although the directive was given, it was not fully enforced when the deadline elapsed.
According to him, the experience underscored the need for stronger political will and strict enforcement of directives aimed at ending insecurity.
The cleric’s remarks come amid renewed concerns over terrorist attacks, banditry and kidnappings in several parts of the country, with calls mounting for more decisive measures to tackle the security challenges.
News
Reps Demand Swift Action Over Abduction of 42 Pupils in Borno
…seek tougher protection measures for schools in high-risk communities
By Gloria Ikibah
The House of Representatives has called for the immediate rescue of 42 schoolchildren abducted from Mussa Ward in Askira-Uba Local Government Area of Borno State, as lawmakers renewed demands for stronger security around schools across Nigeria.
The resolution was sequel to the adoption of a Motion of Urgent Public Importance sponsored by Rep. Midala Balami during Tuesday’s plenary session.
Debating the motion, Rep. Balami described the abduction as a disturbing reminder of the persistent insecurity confronting communities in Borno State and other parts of the country. He emphasised that safeguarding students, teachers and educational institutions remains a core responsibility of government and warned that repeated attacks on schools continue to threaten access to education and undermine public confidence in security efforts.
The lawmaker recalled a series of high-profile abductions in the state, including the Chibok schoolgirls kidnapping, in which many of the victims are yet to be reunited with their families. He also referenced the mass abduction of more than 400 adults and children from Ngoshe, as well as several kidnappings reported along the Biu-Buratai Road and surrounding communities.
According to Balami, the recurring attacks have left families traumatised, disrupted livelihoods and contributed to declining school enrolment and attendance in vulnerable areas, as many parents fear for the safety of their children.
He argued that urgent and coordinated action is needed to secure the release of those still in captivity, restore public confidence and reassure communities that their safety remains a priority.
The lawmaker also noted growing frustration among residents who increasingly expect concrete results in the fight against insecurity rather than repeated promises.
Following deliberations, the House urged the Federal Government and security agencies to intensify efforts to rescue the 42 abducted pupils and all other victims currently being held by kidnappers or insurgents, with a view to reuniting them with their families as quickly as possible.
Lawmakers further called for enhanced protection of schools in Borno State and other vulnerable regions through increased deployment of security personnel, improved intelligence gathering and more effective rapid-response mechanisms.
The House maintained that ensuring the safety of children and protecting access to education must remain a national priority, particularly in communities that continue to face threats from criminal and insurgent groups.
In addition, the House encouraged the expansion of school protection initiatives, including early warning systems, community-based security arrangements, security awareness programmes and improved surveillance infrastructure around educational institutions.
The House further mandated its Committees on National Security, Defence, Basic Education and Legislative Compliance to engage with relevant security agencies and report back on measures being taken to secure the release of abductees and improve security around schools nationwide.
Lawmakers also urged the Federal Government to develop and implement a comprehensive Safe Schools Security Framework aimed at protecting students, teachers and educational institutions from future attacks.
News
Lawmakers Raise Alarm Over Ebola Risk, Demand Emergency Funds Support for NCDC
By Gloria Ikibah
The House of Representatives has urged the Federal Government to immediately release funds to the Nigerian Centre for Disease Control and Prevention, warning that Nigeria’s ability to respond to a potential Ebola outbreak could be undermined by persistent funding shortfalls.
This was sequel to the adoption of a motion moved by Rep. Amobi Ogah, who drew lawmakers’ attention to the recent outbreak of a rare strain of the Ebola virus in the Democratic Republic of the Congo, on Tuesday at plenary.
Debating the motion Rep. Ogah referenced reports by the Africa Centres for Disease Control and Prevention indicating that the outbreak was detected in Turi Province of the DRC on May 15, 2026.
He warned that Nigeria remains particularly vulnerable due to extensive cross-border movements and the country’s porous borders, factors that could increase the risk of disease importation.
Oga who is the Chairman House Committee on Malaria, HIV and Tuberculosis noted that on May 25, 2026, the Nigeria Centre for Disease Control and Prevention classified Nigeria as being at high risk of Ebola importation and activated emergency preparedness protocols, including placing the National Emergency Operations Centre on alert.
Despite these precautionary measures, Ogah expressed concern over what he described as a severe funding crisis affecting the agency.
According to him, the NCDC received no operational funding throughout 2025, while no capital releases had been made against its approved 2026 budget. He also stated that overhead releases to the agency had been irregular and inadequate.
The lawmaker argued that the funding constraints had significantly weakened the NCDC’s capacity to carry out essential public health functions, including disease surveillance, laboratory operations, outbreak response, logistics management and emergency preparedness activities.
“The preparedness of the Centre cannot be guaranteed under the current circumstances,” he said.
Ogah told lawmakers that the agency is currently grappling with multiple operational challenges, including unpaid contractors and vendors responsible for critical supplies and services.
He also highlighted delays in the construction of zonal laboratories, treatment centres and isolation facilities, as well as shortages of laboratory reagents and consumables needed for testing and diagnosis.
Other challenges identified include inadequate biosecurity infrastructure, limited intensive care and oxygen support systems, and insufficient resources for the training and deployment of rapid response teams across the country.
The lawmaker warned that failure to provide urgent financial support could leave Nigeria exposed to the renewed Ebola threat and other infectious disease outbreaks.
He stressed that strengthening the country’s disease surveillance and response capabilities was critical to safeguarding public health and preventing a repeat of previous epidemic emergencies.
Contributing to the debate, Rep. Billy Osawaru commended the sponsor of the motion and reminded Nigerians of the country’s successful containment of the 2014 Ebola outbreak after the virus was introduced by an infected traveller from Liberia.
He noted that Nigeria limited the outbreak to 20 cases and eight deaths through coordinated efforts by healthcare workers, emergency response agencies, the Federal Ministry of Health, the NCDC, and international partners.
Osawaru praised the courage and professionalism displayed by frontline health workers during the crisis, particularly the late Dr. Stella Adadevoh and other medical personnel whose actions helped prevent a wider outbreak.
The lawmaker, however, warned that Nigeria remains vulnerable due to its extensive land borders, heavy international travel and trade activities, and increasing regional mobility.
He expressed particular concern that the current outbreak is linked to the Bombali virus, a rare strain of Ebola for which there are currently no approved vaccines or specific treatments.
“The risk of importation remains real if proactive preventive measures are not strengthened and sustained,” he said while seconding the motion.
The House unanimously adopt the motion directed the Executive Arm of Government to immediately release funds appropriated for the NCDC to enable the agency settle outstanding liabilities and carry out its statutory responsibilities effectively.
The lawmakers also mandated the House Committee on Infectious Diseases to monitor the utilisation of the released funds and report back to the House for further legislative action.
In addition, the House called on relevant border and port authorities to intensify surveillance and screening activities at entry points across the country to prevent the importation of the disease, while the Committee on Legislative Compliance was tasked with ensuring full implementation of the resolutions.
The resolution comes amid growing concerns across Africa over the spread of infectious diseases and renewed calls for stronger investment in public health infrastructure and emergency preparedness systems.
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