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I won’t reject anything from Sanwo-Olu, says Lagos Speaker
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Speaker of the Lagos State House of Assembly, Mudashiru Obasa has said that contrary to widely reported claims in some quarters, he had no issues against the state governor, Babajide Sanwo-Olu, and would not reject anything the governor asked him to do.
According to a statement signed at the weekend by the Special Adviser to the Lagos State Governor on Media and Publicity, Gboyega Akosile, Obasa made the declaration on Friday when Governor Sanwo-Olu and other members of the State Executive Council paid a condolence visit to him over the death of his beloved father, Alhaji Sulaiman Obasa.
He said Sanwo-Olu and him are “siblings from the same father” who have the same purpose, intention, and mission, which is to serve the people of Lagos State.
“I hold him (Governor) in high esteem and respect him. I don’t have any issues with the governor. Some people said I was fighting with the governor, but there was nothing the governor brought to me that I rejected. There is nothing that he will ask me to do that I will not do because we are siblings from the same father.
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“There is no way brothers will fight, and the father will be looking at them fighting. We have the same purpose, intention, and mission, which is to serve the people of Lagos.
“Mr Governor, you are my brother anytime, any day. Any time you call, I will be there with my colleagues. I thank God for you because whatever we do in the House of Assembly is because you are supporting me. If you don’t support me, there is no way I will get the attention, love, support, and cooperation of the other 39 members,” the speaker stated.
Obasa’s father, a businessman with an interest in transportation, oil, and gas, died early Tuesday, May 21, 2024, at the age of 83 and was laid to rest that day according to Islamic rites.
In his condolence visit to the Obasa family on Friday, Governor Sanwo-Olu was accompanied by the Secretary to the Lagos State Government, Mrs Abimbola Salu-Hudeyin; Head of Service, Mr Olabode Agoro; and Chief of Staff, Mr. Tayo Ayinde; among other SEC members.
Sanwo-Olu and his cabinet members, during the visit to Obasa’s residence in the Agege area of the state, presented a condolence letter to the Speaker and his family on behalf of the Lagos State Government.
The governor said, “We are here to commiserate with you (Obasa) on behalf of the cabinet and the entire people of Lagos State. This period has been difficult for all of us in Lagos State in one form or another.
“Losing one’s parent is a very difficult experience, but we are consoled by the fact that Alhaji Sulaiman Obasa lived a fulfilled life and brought forth good children who are carrying on his legacy.
“I pray that God will be with you and the entire Obasa family. God will uphold us, and everything we are doing will be to the benefit of Lagos State and the residents of the State.”
Responding to the governor, Obasa commended the cordial relationship between the executive and legislative arms of government in the state.
He said, “As a Speaker, I am just first among equals; we are all the same in the House of Assembly. It is because of your understanding and cooperation that we have a team in the House of Assembly and the team is working for you.”
Obasa also charged public office holders to be accountable to the public.
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FG Unveils Transition Rules for New Tax Regime Ahead of 2026 Rollout
By Gloria Ikibah
The Federal Government has released comprehensive guidelines to steer taxpayers, revenue authorities and other stakeholders through the transition from Nigeria’s existing tax laws to the newly enacted Tax Acts 2025, which take effect from January 1, 2026.
The guidelines, issued by the Head of Information and Public Relations Unit in the Federal Ministry of Finance, Efe Ovuakporie, outlined how tax obligations, assessments, audits, disputes and compliance matters will be managed as the country moves to a new tax framework designed to modernise revenue administration and improve the business environment.
According to the Ministry, the General Guidelines for the Implementation of the Tax Acts 2025 provide clarity on the treatment of tax matters that straddle both the outgoing and incoming legal regimes.
The statement read: “Under the Guidelines, the Tax Acts 2025 comprising the Nigeria Revenue Service (Establishment) Act, the Nigeria Tax Act, the Nigeria Tax Administration Act, and the Joint Revenue Board (Establishment) Act apply from the respective commencement dates as enacted in each law.
“In particular, January 1, 2026 for the Nigeria Tax Act, 2025. Tax liabilities, assessments, audits, investigations, disputes and enforcement actions relating to periods before that date will be treated under the repealed tax laws.
“Tax returns relating to accounting periods ending before January 1, 2026, will be filed under the previous tax laws, while returns falling due from January 1, 2026, onward will be administered under the new tax framework.
“The document also covers the treatment of income taxes, transaction taxes, development levies, tax incentives, exemptions, record-keeping obligations and transactions that span both the old and new tax regimes.
“Existing tax incentives and exemptions granted under the repealed laws will remain in place until their expiration dates. New applications and pending requests, however, will be considered under the provisions of the Tax Acts 2025”.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the document provides a framework for managing transitional issues while ensuring that the new laws are not applied retrospectively.
He described the Tax Acts 2025 as a significant milestone in Nigeria’s tax reform programme, noting that the Guidelines set out how existing obligations, ongoing matters and future transactions will be treated under the new regime.
According to the Minister, the Guidelines are anchored on three key principles – clarity, fairness and administrative certainty.
“The Guidelines are intended to promote uniform implementation and support effective administration across the Nigeria Revenue Service, State Internal Revenue Services, the FCT Internal Revenue Service, Local Government Revenue Committees, tax practitioners and taxpayers nationwide.
“The Government reaffirmed its commitment to building a transparent, efficient and modern tax system that supports economic growth, strengthens revenue administration, encourages voluntary compliance and improves Nigeria’s investment climate”, it stated.
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