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Coup d’etat: Ohanaeze throws weight behind Tinubu, condemns rumour

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Amidst the unfathomable economic challenges plaguing our nation from famine to insecurity and the depreciation of the Naira in the forex market, Ohanaeze Ndigbo, has vehemently, denounced any insinuations or calls for a coup d’état.

According to the foremost Igbo socio-cultural organisation, Ndigbo categorically rejected and will never endorse any coup attempt in Nigeria.

The Igbo Apex group disclosed this in a statement signed and made available to Journalists by its Secretary General Mazi Okechukwu Isiguzoro on Tuesday.

The Igbo group also declared their unwavering loyalty to President Bola Tinubu government and cautioned the fear mongers instigating disunion, discord, and economic sabotage to redress from their action.

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The statement reads “On behalf of the Igbo community, we vow unwavering loyalty to the democratically elected Federal government under the esteemed leadership of President Bola Ahmed Tinubu.

Despite relentless pressures to incite Igbo protests against Tinubu, OHANAEZE NDIGBO unequivocally condemns the baseless rumours of coup plots. We caution the fearmongers instigating disunion, discord, and economic sabotage, emphasizing that Ndigbo repudiate such harmful behaviour.

“Mazi Okechukwu Isiguzoro, the Secretary-General of OHANAEZE NDIGBO, staunchly asserts that Nigeria and Ndigbo crave political stability irrespective of the governing leadership. Supporting Tinubu’s success is in the best interests of the Igbo because they are industrious and self-sustaining.

History has shown that in times of political turmoil, Ndigbo suffered as vulnerable targets. Therefore, any political instability is certain to breed anarchy and chaos, worsening the plight of the long-suffering Nigerian populace”.

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Isiguzoro also commended Nigeria Military for their unwavering commitment to maintaining peace, safeguarding the nation’s territorial integrity, and combating terrorism and insecurity challenges.

” Nigerians and Ndigbo applaud the military’s steadfast rejection of coup rumours and their pledge of loyalty to President Tinubu. OHANAEZE NDIGBO commends President Tinubu for implementing the Orosanye Reports to curtail the cost of governance.

“NDIGBO aspire to see a flourishing Nigeria under President Tinubu’s leadership, urging him to compel all branches of government to drastically reduce their remuneration and overhead costs. The ongoing protests are fueled by the stark disparity between the opulent lifestyles of the ruling elite and the austerity imposed on the citizenry.

“Nigerians and Ndigbo advocate for President Tinubu to explore joining the emerging economic bloc BRICS, following Egypt’s commendable lead in banning the use of dollars for trade.

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This strategic move would fortify the Naira and end its exploitation. Ndigbo believes that President Tinubu possesses the capability to navigate Nigeria out of its present economic woes, advancing a nation where businesses thrive regardless of their location. As the backbone of the economy, Ndigbo stands ready to provide unwavering support for Tinubu’s success”.

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FG to arraign arrested bomb manufacturers as US partners on IED Centre

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The United States (US) is working closely with the Federal Government to establish a counter Improvised Explosive Device (IED) centre in Nigeria.

The centre which will be similar to one set up by Britain in Maiduguri, Borno State, is to help Nigeria contain indiscriminate production of IEDs and boost anti-terrorism war in the country.

Coordinator of the National Counter Terrorism Centre (NCTC) Maj.-Gen. Adamu Laka made this known during a symposium on Countering Improvised IEDs in Abuja yesterday.

The symposium was organised by the centre, a unit in the Office of National Security Adviser(ONSA) in collaboration with the US and British governments.

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Maj.-Gen. Laka stated the Federal Government’s collaboration with foreign partners was yielding positive results.

He said: ”What is the new thing that they(US) are going to do now?

‘’Like the British Government has established a counter IED centre in the Northeast, particularly in Maiduguri, we are working closely with the US Government on that also.

“They(Britain and U.S) have been training our troops for the past four years; and this has greatly impacted the proficiency of our troops in identifying IEDs, preventing such incidents and also reacting after such an incident.

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‘’Samples are taken from the IED site to our laboratory at the centre to find out those materials that are used so that we will be able to know where our focus will be on restricting such materials getting into the wrong hands,” HE told reporters.

The NCTC boss revealed that some suspected manufacturers of IEDs were already being detained preparatory to their arraignment. He also said that ONSA has taken steps to regulate the use of materials like urea fertiliser in the Northeast, which terrorists use to manufacture explosives

Experts identify IEDs as a major threat to troops, civilians and infrastructure in the fight against terrorism in the country.

The NCTC Coordinator said: “ Insurgents can get things like urea fertiliser from the markets to manufacture IEDs and so on. But we won’t relent on our part. We will keep educating the populace.

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“And on punishments for those who are manufacturing these IEDs, we have identified a few and they are presently awaiting to go through the judicial process.

‘’We won’t just punish them on our own. Nigeria is a signatory to international human rights laws and best practices, and so on. So we will follow the rule of law. They are innocent until proven guilty. So we have to go through the judicial process.”

Maj.-Gen. Laka assured Nigerians that the NCTC would remain proactive in its approach to tackling the menace of IEDs in the country.

“We are developing a biometric database at the Office of the National Security Adviser. We are working closely with all the security and intelligence agencies. This biometric database is going to be used to identify those who are experts in manufacturing IEDs.

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‘’We are working closely with the US and British governments on that and other security and intelligence agencies,’’ he said.

The NCTC boss stated that the symposium was both timely and critical as it provided a platform for experts and stakeholders to deliberate on innovative strategies to counter-terrorism.

He said: “Our collective goal is to enhance national capabilities in preventing, detecting, and responding to Improvised Explosive Devices incidents.

“The provision of external expertise in this field would also complement Nigeria’s experience and proficiency in assessing whether a National Counter Improvised Explosive Devices Strategy would be beneficial for implementation in Nigeria. We must examine the existing gaps, address the vulnerabilities in our operational environments, and improve coordination among key agencies.”

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US Ambassador to Nigeria Richard M. Mills, Jr. said Washington would continue to assist Nigeria to defeat the challenging threat of IEDs.

Mills was represented by the US Defence Attaché to Nigeria. Col. Thomas Brooks

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Bill to designate official roles to Traditional Rulers scales second reading in Senate

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A bill which seeks to establish the National Council for Traditional Rulers with the objective of formally giving monarchs and community heads important official roles has scaled second reading in Senate.

The bill was sponsored by Senator Simon Lalong (Plateau South).

The Bill generated widespread debate among lawmakers when it was first introduced, with concerns expressed over potential conflicts between the responsibilities of traditional rulers and elected officials at the Local Government level.

But Lalong, a former Governor of Plateau State, noted that present day traditional rulers are well-educated and can provide valuable counsel on issues such as insecurity and other national matters, which could assist the government in addressing the needs of the citizens.

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The former Director-General of the Tinubu-Shettima Campaign Council also asserted that they would be useful in the areas of security and conflict resolution in local communities.

According to him: “When there are crises and killings, the first thing people say is ‘let’s hold the traditional ruler responsible.’ It is true in their communities, they know everybody, including the criminals. But we expect them to be the ones running up and down.

“We need to charge them with responsibilities where they will be committed. But for now, you can’t hold them responsible. As the director-general of the campaign for Asiwaju and Kashim, we went around having some meetings with these traditional rulers.

“Every time we want them to participate, they ask to be given a role. So, it was also part of our (electioneering) campaign.

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“So, I don’t see how we can jettison that when we are struggling for a constitutional amendment with respect to security. If we don’t have security, every other thing we are doing is rubbish.”

However, some senators still expressed concerns about the possibility of overlapping duties and emphasised the need for the bill to clearly delineate the roles of traditional rulers and government officials to avoid confusion.

Senate President Godswill Akpabio stressed the importance of clearly defining the functions of traditional rulers within the bill.

He also suggested holding a public hearing to gather input before the bill proceeds to a third reading.

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Akpabio noted the value traditional rulers could bring in providing counsel on a wide range of issues that could benefit the government.

Akpabio referred the bill to the Senate Committee on Establishment and Public Service Matters for further legislative work and to report back in four weeks.

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Tax reforms Bills: Reps retain 7.5 percent VAT, snub proposal to increase it by 2030

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The House of Representatives has retained Value Added Tax (VAT) at 7.5%, rejecting a proposed gradual increase to 15% by 2030. The House also dismissed a proposal to reintroduce inheritance tax under the guise of taxing family income.

Submitting the report during plenary in Abuja, the Chairman of the House Committee on Finance, Rep. James Faleke, stated that the report represents a comprehensive review of the bills, incorporating extensive public input.

The report covers four key bills aimed at overhauling Nigeria’s tax framework:

Nigeria Tax Bill

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Nigeria Tax Administration Bill

Nigeria Revenue Service (Establishment) Bill

Joint Revenue Board (Establishment) Bill

Key Amendments in the Tax Reform Bills

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Nigeria Revenue Service (NRS) Bill

Redefined Scope: The NRS will now focus on federal-level revenue collection, excluding individual taxpayers in states and the Federal Capital Territory (FCT).

Board Composition: Section 7 now requires six executive directors, each appointed by the president from the six geopolitical zones on a rotational basis. Each state and the FCT will also have a representative on the board.

Secretary Qualifications: Section 13 mandates that the Secretary to the Board must be a lawyer, chartered accountant, or chartered secretary at the level of Assistant Director or higher.

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Fixed Funding Rate: The NRS will now receive a 4% cost-of-collection rate (excluding royalties), subject to National Assembly approval.

Borrowing Powers Restricted: Section 28 now requires Federal Executive Council (FEC) and National Assembly approval before the NRS can secure any loans.

Joint Revenue Board (JRB) Bill

Tax Appeal Commissioners’ Criteria Revised: Section 25 removes the requirement that commissioners must have business management experience, as the Committee deemed it irrelevant.

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Strengthened Tax Ombud’s Independence: Section 43 mandates that the Tax Ombud’s Office be funded directly from the Consolidated Revenue Fund, eliminating reliance on external donations.

Independent Funding for Tax Appeal Tribunal (TAT): The tribunal will now operate independently of the Federal Inland Revenue Service (FIRS) to prevent conflicts of interest.

Stricter Adherence to the Evidence Act: New rules ensure that tax appeal proceedings strictly follow the Evidence Act.

Taxpayer Identification Number (TIN) Processing: The timeline for issuing TINs has been extended from two working days to five to accommodate administrative delays.

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Faster Tax Returns for Ceased Operations: Companies ceasing operations must now file income tax returns within three months, down from six months, to prevent revenue loss.

VAT System Adjustments: Section 22 ensures that taxable supplies are attributed to their place of consumption, addressing regional imbalances.

VAT Fiscalisation System: Section 23 introduces a new regulatory framework to improve VAT collection.

Increased Reporting Thresholds for Banking Transactions:

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Individuals: ₦25 million → ₦50 million

Corporate Entities: ₦100 million → ₦250 million

Judicial Oversight on Asset Seizure: Section 60 mandates that tax authorities must obtain a court order before seizing movable assets.

Mandatory Electronic Taxpayer Records Access: Section 61 formalizes the government’s right to access electronically stored tax records in line with modern practices.

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New VAT Revenue Distribution Formula:

70% distributed equally among local governments

30% based on population

General Amendments Across Tax Bills

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VAT Rate Maintained at 7.5% – The Committee rejected the proposal to gradually increase VAT to 15% by 2030.

Petroleum Gains Tax Reduced to 30% – Section 78 revises the tax rate on petroleum gains from 85% to 30%.

Excise Duty Provisions Removed – Excise duty-related provisions were deleted due to concerns about their negative economic impact.

Higher Turnover Threshold for Small Companies: A business will now be classified as a small company if its annual turnover is ₦100 million or less (asset cap remains at ₦250 million).

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New Penalties for Virtual Assets Service Providers (VASPs): Stricter fines and potential license suspensions for non-compliant crypto and digital asset businesses.

While submitting the report, Rep. Faleke highlighted the importance of the tax reform bills in modernizing Nigeria’s tax system, boosting revenue collection, and fostering economic growth.

“These Bills are critical to implementing a modern, transparent, and efficient tax system that will support economic growth and improve revenue collection,” he said.

He added that the review process was extensive, incorporating input from the public and key government agencies, including:

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Nigeria Export Processing Zones Authority (NEPZA)

National Agency for Science and Engineering Infrastructure (NASENI)

National Information Technology Development Agency (NITDA)

Tertiary Education Trust Fund (TETFund)

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“We carefully examined every submission to ensure that public opinion was reflected in our recommendations. This process involved a thorough review of existing laws proposed for repeal or amendment,” Faleke noted.

The amendments impact key laws, including:

Companies Income Tax Act (CITA)

Value Added Tax Act (VAT Act)

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Personal Income Tax Act (PITA)

Federal Inland Revenue Service (Establishment) Act

Petroleum Industry Act

Nigeria Export Processing Zones Act

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Oil and Gas Free Trade Zone Act

The House of Representatives is expected to deliberate on the report in the coming weeks as part of its legislative process.

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