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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.

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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.

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“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.

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“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.

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500 lawyers set to defend Utomi against DSS

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A professor of Political Economy, Pat Utomi, on Friday said he is receiving support from some Nigerians who are planning to mobilise 500 lawyers to defend him against the Department of State Services.

Utomi revealed this in a post on X.

“It’s energising (that) some want to put together 500 lawyers to defend me against the DSS,” he said.

The DSS had sued Utomi over his alleged plan to establish what he calls “a shadow government” in the country.

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According to the suit filed at the Federal High Court in Abuja, the DSS prayed the court to declare the move an attack on the Constitution.

The professor of Political Economy, who is the 2007 presidential candidate of the African Democratic Congress (ADC), was sued as the sole defendant.

In the suit filed on May 13 by a Senior Advocate of Nigeria, Akinlolu Kehinde, the agency contended that the move by Utomi was intended to create chaos and destabilise the country.

The DSS had argued that the planned shadow government was not only an aberration but also constituted a grave attack on the Constitution and a threat to the democratically elected government currently in place.

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However, Utomi said he was gladened by the solidarity he had received from across the country.

“I am heartened by messages of solidarity from across Nigeria on this shadowy business of chasing shadows of shadow cabinets. Reminds me of the Nigeria I used to know. I want to thank all.”

The planned shadow cabinet was greeted by reactions from several Nigerians, including a former presidential candidate and activist, Omoyele Sowore, who said it was an ineffective symbolic gesture that lacked real-world impact on Nigeria’s pressing challenges.

Speaking during an interview on Inside Sources on Channels TV on Sunday, Sowore argued that the idea of a shadow cabinet was futile in a country where the existing government is itself opaque and largely unaccountable.

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He said, “Well, how do you replace a shadow government with another set of shadowy governments? I would not begrudge anybody who thinks of solutions that can bring awareness to the people.

“But I do not think that setting up a government with names of people who call themselves a shadow government makes any difference.”

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Police Speaks on Viral Video of Young Men Arriving in Ibeju-Lekki

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The Lagos State Police Command has issued an official statement addressing a viral video that sparked concern on social media, showing a large group of young men reportedly arriving in Lagos and gathering near the Dano Company premises in Ibeju-Lekki.

According to the Command, the incident occurred on May 14, 2025, prompting swift deployment of officers to the scene for investigation. The police confirmed that the individuals—eighty-nine in total—had arrived from Katsina State to work as labourers at the Dangote Refinery in Lekki.

A contractor affiliated with the refinery informed the police that he personally recruited the workers for legitimate employment, a statement corroborated by the refinery’s Chief Security Officer (CSO). All individuals were cleared for entry and are expected to reside within the refinery premises.

The police confirmed that thorough checks were conducted, revealing no incriminating materials. The labourers also presented valid National Identification Numbers (NINs), which were successfully verified by the authorities.

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Commissioner of Police, CP Olohundare Jimoh, urged the public to refrain from spreading unverified information that could incite panic or tension. He assured residents of the Command’s continued commitment to public safety and swift response to potential threats.

Police Public Relations Officer, CSP Benjamin Hundeyin, signed off on the statement, reaffirming the Command’s dedication to transparency and law enforcement in Lagos State.

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Finland charges Simon Ekpa with inciting terrorism

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Finnish prosecutors on Friday said they had charged a man with inciting terrorism online who a media report identified as Nigerian separatist leader Simon Ekpa.

Finland’s National Prosecution Authority said in a statement that it had charged “a Finnish individual in a case involving suspected public incitement to commit crimes with terrorist intent and participation in the activities of a terrorist group.”

It added that the alleged crimes had been committed in the city of Lahti between 2021 and 2024 and were related to the suspect’s efforts to establish Nigeria’s Biafra region as an independent state.

The prosecution authority did not name the accused but Finnish public broadcaster YLE identified him as separatist leader Simon Ekpa.

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Ekpa — who claims to lead the Biafra Republic’s government in exile — was detained in November.

According to the prosecution authority, the accused remained in custody and denied the charges.

Ekpa is known as a self-proclaimed leader of a faction of the Indigenous People of Biafra (IPOB), which is pushing for the independence of Nigeria’s southeast, where a bloody civil war was fought in the late 1960s.

The dual Finnish-Nigerian national has also been a local representative for Finland’s conservative National Coalition Party in the city of Lahti, north of Helsinki, where he has served on a public transport committee.

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When Ekpa was arrested, Finnish authorities also requested that four other people be remanded in custody on suspicion of financing Ekpa’s activities.

On Friday, the prosecution authority said the prosecutor had decided to drop charges against four others in the case due to a lack of evidence.

Ekpa has been the subject of several of AFP’s fact checks in recent years over false claims and disinformation he has made in independence campaigning.

AFP

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