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READ Real reason Babalola sent police operatives from Ekiti to arrest Farotimi

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Legal luminary and founder of Afe Babalola University, Ado-Ekiti, Aare Afe Babalola, has shed light into the dispute surrounding the arrest and remand in prison of human rights lawyer, Dele Farotimi, by a Chief Magistrate’s Court in Ado Ekiti, the Ekiti State capital.

Farotimi’s arrest generated widespread condemnations among Nigerians who perceived the manner of his arrest at the instance of the Senior Advocate of Nigeria as an abuse of influence.

However, the elder statesman, in a petition to the Ekiti State Command of the Nigeria Police accused the detained critic of defamation in a recent book he authored with the title ‘Nigeria And Its Criminal Justice System’.

Aare Babalola in the petition dated November 19, 2024, and addressed to the Commissioner of Police, Ekiti State Command, Adeniran Akinwale, alleged that the accusations contained in the book arose from a Supreme Court judgment involving a land dispute that lasted over two decades.

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Babalola narrated how his law firm discovered Farotimi’s book, “Nigeria and Its Criminal Justice System” and its alleged defamatory contents.

“I write to report the criminal defamation of myself, my law firm Afe Babalola & Co and my lawyers in person of Olu Daramola, SAN and Ola Faro by one Dele Farotimi in his book titled ‘NIGERIA AND ITS CRIMINAL JUSTICE SYSTEM’ published by Dele Farotimi Publishers in respect of Suit No: SC/146/2005: Major Muritala Gbadamosi Eletu & Ors V. H.R.H Oba Tijani Akinloye & Ors,” the petition read.

Aare Babalola claimed that the book contained several defamatory statements that questioned his integrity and accused his law firm of unethical practices, including corrupting the judiciary.

“Sometime on 2/11/2024, one of our lawyers while travelling through Murtala Muhammed Airport bought a book by Dele Farotimi titled ‘NIGERIA AND ITS CRIMINAL JUSTICE SYSTEM’ published by Dele Farotimi publishers. He read the said book and immediately brought it to my attention. Many of my lawyers also bought the said book and read same,” he added.

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He claimed that Farotimi in the book accused him of “corrupting the Supreme Court from ages past and had led it to commit the most egregious acts of evil and wanting injustice.”

He detailed the the said defamatory statements, including, “That Aare Afe Babalola corrupted the Supreme Court to procure a fraudulent judgement in the service of his client” See page IX.

“That Aare Afe Babalola, Olu Daramola, Olu Faro and the law offices of Afe Babalola & Co, (Emmanuel Chambers) compromised the Supreme Court and the remaining semblance of integrity it might have had when they went back to the Supreme Court and got the Court to swim in the sewer of corruption and shameful self-Abnegation”. See page X

“That Afe Babalola libeled me and the fact of the libel became known to me in a suit against Lawal Pedro SAN”. See page X.

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“That I sued Afe Babalola SAN for libel and he leveraged his influence in the Judiciary to deny me justice”. See page X.”

However, narrating the crux of the case, Babalola in the petition stated that the case concerned 254 hectares of land in Lagos in which the Supreme Court on July 13, 2013 awarded to his client, the Gbadamosi Eletu family.

He further alleged that Farotimi’s comments in the book suggested that he and his law firm compromised the judiciary, thereby tarnishing the integrity of the apex court.

According to the petition, Babalola claimed that Farotimi’s statements, which were also highlighted in media interviews and widely circulated online, were designed to damage his reputation, discredit his law firm, and cause clients to lose trust in his professional ethics.

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“All these statements are false and incorrect written deliberately to destroy my reputation. Dele Farotimi referred to me severally in his book as the Doyen of the legal profession,” Babalola said.

The case involved land acquired by the Lagos State Government but later contested by the Ojomu family, who sold the land to Babalola’s client decades earlier.

Babalola’s legal team successfully argued that the Ojomu family acted in bad faith by attempting to reclaim the land after its sale.

However, the judgment sparked litigation from estates affected by the ruling, including Pinnock Estate, NICON Estate, and others.

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Babalola said that Farotimi, as counsel to one of these estates, criticised the judgment in his book and accused him (Babalola) of unethical conduct.

Farotimi was remanded in prison custody by a magistrate court in Ado-Ekiti on Wednesday, following his arrest on a 16-count charge of criminal defamation.

His arrest in Lagos by operatives of the Ekiti Police Command and eventual movement on road to Ekiti from Lagos for arraignment in what has been described as gestapo style has been condemned by the public.

Meanwhile, Aare Babalola has called for an urgent investigation into Farotimi’s claims, the recovery of all copies of the book, and a stoppage to its further distribution.

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He also urged authorities to address what he described as Farotimi’s admitted “disregard for the rule of law.”

Babalola, who described himself as a pillar of the Nigerian legal profession, emphasised his six-decade-long career marked by integrity, discipline, and professionalism.

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Tax Reforms: Those criticising it lack knowledge -Akpabio

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The Senate President, Godswill Akpabio, has flayed critics of President Bola Tinubu’s tax reforms as lacking an understanding of what the initiatives were truly about.

Akpabio disclosed this during his remarks at the presentation of the 2025 budget estimate by President Tinubu to a joint session of the National Assembly on Wednesday.

He said, “Your Excellency, we commend you on your groundbreaking tax reform initiative. The four tax reform bills—the Joint Revenue Board of Nigeria (Establishment) Bill, 2024; Nigeria Revenue Service (Establishment) Bill, 2024; Nigeria Tax Administration Bill, 2024; and Nigeria Tax Bill, 2024—represent a monumental shift in our fiscal landscape.

It is disheartening that those who have not taken the time to understand these bills are the loudest critics. I urge all Nigerians, especially those in public office, to engage with these vital reforms thoughtfully. This initiative marks the first comprehensive tax reform since Nigeria’s independence, presenting a transformative opportunity for rejuvenating small and medium enterprises and enhancing the livelihoods of ordinary Nigerians.

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“These reforms will not only improve Nigeria’s revenue profile but also create a more conducive and internationally competitive business environment, transforming our tax system to support sustainable development.”

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Tinubu presents N47.9trn 2025 Resurrection Budget

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Defence and insecurity , infrastructure, health and education were some of the sectors with high allocations in the N47.9tn Budget Proposal presented by President Bola Tinubu before a joint session of the National Assembly on Wednesday afternoon.

“It is with great pleasure that I lay before this distinguished joint session of the National Assembly, the 2025 Budget of the National Assembly of Nigeria titled, ‘The Resurrection Budget’ security peace, building prosperity,” Tinubu said as he concluded his 30-minute speech at 1:10pm on Wednesday.

Earlier in his presentation, the President listed some of the highlights of the budget as defence and security – N4.91tn, infrastructure – N4.06tn, health – N2.4tn, education – N3.5tn, among others.

He expressed commitment to economic renewal, thanking all Nigerians for embarking on the journey of reform and transformation in the last 18 months together.

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The President said the economy is responding to stimulus and that his government would continue to take the right steps for economic progress. “The reforms yielding results, no reversals,” he said.

Tinubu stressed that food security is non-negotiable, adding that the government is taking steps to ensure Nigerians feed and not go to bed hungry.

Tinubu said, “Our 2025 is not just another statement of projected government revenue and expenditure; it is one that calls for action.

It is disheartening that those who have not taken the time to understand these bills are the loudest critics. I urge all Nigerians, especially those in public office, to engage with these vital reforms thoughtfully. This initiative marks the first comprehensive tax reform since Nigeria’s independence, presenting a transformative opportunity for rejuvenating small and medium enterprises and enhancing the livelihoods of ordinary Nigerians.

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“These reforms will not only improve Nigeria’s revenue profile but also create a more conducive and internationally competitive business environment, transforming our tax system to support sustainable development.”

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BREAKING: President Tinubu Presents N47.9trn Appropriation Bill To NASS

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…improvement witnessed in 2024 led us to 2025 budget – Tinubu
…say “Time for lamentation is over”
By Gloria Ikibah
President Bola Ahmed Tinubu in a Joint Session of the Senate and House of Representatives on Wednesday, 18 December 2024, presented the sum of N47.9 trillion as the proposed 2025 Appropriation Bill, with new borrowings of N13.0 trillion, which is 3.87 per cent of the estimated Gross Domestic Product (GDP).
The President, in his address to the National Assembly described the 2025 Budget as the “Budget of Restoration” which he said, reinforces the administration’s roadmap to secure peace, prosperity, and hope for a greater future for Nigeria.
“This budget christened, “Budget of Restoration: Securing Peace, Rebuilding Prosperity,” strikes at the very core of our Renewed Hope Agenda and demonstrates our commitment to stabilizing the economy, improving lives, and repositioning our country for greater performance.”
The budget of restoration according to president Tinubu, serves as the very hope of the Renewed Hope Agenda and improving the lives of Nigerians.
He said the 2025 budget is one of the reform and transformation to consolidate the key policies of the Tinubu-led administration. Reeling out the progress made he said global economic growth for Nigeria increased from the 2.6% estimated to 3.5% growth.
Naijablitznews.com recalled that the 2025-2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), and its fiscal parameters, adopted an “an oil price benchmark of $75 per barrel for 2025, oil production of 2.06 million barrels per day, an exchange rate of N1400 to $1, and a GDP growth of 4.6 per cent.”
President Tinubu said the 2025 budge seeks to restore micro economic stability, foster increased growth, employment, human capital development.
He said: “The journey of economic renewal and institutional development, which we began 18 months ago as a nation, is very much underway. It is not a journey of our choosing but one we had to embark on for Nigeria to have a real chance at greatness. I thank every Nigerian for embarking on this journey of REFORMS and TRANSFORMATION with us.
“The road of reforms is now clearly upon us, and as the President of this blessed nation, I know this less-travelled road has not been easy. That there have been difficulties and sacrifices. They will not be in vain. And we must keep faith with the process to arrive at our collectively desired destination.
“We must build on the progress we have made in the past eighteen months in restructuring our economy and ensuring it is strong enough to withstand the headwinds of any future shocks of the global downturn.
“The 2025 budget that I present today is one of restoration. It seeks to consolidate the key policies we have instituted to restructure our economy, boost human capital development, increase the volume of trade and investments, bolster oil and gas production, get our manufacturing sector humming again and ultimately increase the competitiveness of our economy.
“We do not intend to depart from this critical path to strengthen the Nigerian economy. Just as I believe in the resilience of our economy to withstand the current challenges, I also strongly believe in the resilience of the Nigerian people. Again, I summon the unstoppable Nigerian spirit to lead us on as we work to rebuild the fabric of our economy and existence.
“The improvements we witnessed in the 2024 budget have led us into the 2025 budget. The goals of advancing national security, creating economic opportunities, investing in our youthful population, infrastructure development, and national re-orientation form the core of the 2025 budget. But more than that, this will lay a solid foundation for Nigeria’s future growth trajectory”.
The President said the reforms instituted are beginning to yield results and Nigerians will soon experience a better and more functional economy.
According to him, these clear results of gradual recovery, among others, reflect the resilience of our economy and the impact of deliberate policy choices we made from the outset.
“Global economic growth for the outgoing year 2024 was projected at 3.2 percent, and against predictions, our country made significant progress.
“Our economy grew by 3.46 percent in the third quarter of 2024, up from 2.54 percent in the third quarter of 2023.
“Our Foreign Reserves now stand at nearly 42 billion US dollars, providing a robust buffer against external shocks.
“Our rising exports are reflected in the current trade surplus, which now stands at 5.8 trillion naira, according to the National Bureau of Statistics.
Tinubu informed that his administration attained remarkable milestones in implementing the 2024 Budget.
“In 2024, we achieved: 14.55 trillion naira in revenue, meeting 75 percent of our target as of the third quarter; 21.60 trillion naira in expenditure, representing 85 percent of our target, also in the third quarter.
“While challenges persist, we improved revenue collection and fulfilled key obligations. The transformational effects of this on our economy are gradually being felt”, the President added.
Hw explained that the budgetary allocations reflect the administration’s strategic priorities, especially in the implementation of the Renewed Hope Agenda and its developmental objectives.
The 2025 Budget President said seeks to restore macroeconomic stability, enhance the business environment, foster inclusive growth, employment, and poverty reduction and promote equitable income distribution and human capital development.
“The numbers for our 2025 budget proposal tell a bold and exciting story of the direction we are taking to retool and revamp the socio-economic fabric of our society.
“In 2025, we are targeting 34.82 trillion naira in revenue to fund the budget.
“Government expenditure in the same year is projected to be 47.90 trillion naira, including 15.81 trillion naira for debt servicing.
“A total of 13.08 trillion naira, or 3.89 percent of GDP, will make up the budget deficit. This is an ambitious but necessary budget to secure our future.
“The Budget projects inflation will decline from the current rate of 34.6 percent to 15 percent next year, while the exchange rate will improve from approximately 1,700 naira per US dollar to 1,500 naira, and a base crude oil production assumption of 2.06 million barrels per day (mbpd).
These projections the President said are based on reduced importation of petroleum products alongside increased export of finished petroleum products; bumper harvests, driven by enhanced security, reducing reliance on food imports; ncreased foreign exchange inflows through Foreign Portfolio Investments; and higher crude oil output and exports, coupled with a substantial reduction in upstream oil and gas production costs.
Tinubu said the budgetary allocations are informed by the commitment of his administration to security of lives and property, infrastructural development, education and healthcare delivery.
“Our budgetary allocations underscore this administration’s strategic priorities, particularly in advancing the Renewed Hope Agenda and achieving its developmental objectives.
“Highlights of the 2025 Budget Allocations:
• Defence and Security: N4.91 trillion
• Infrastructure: N4.06 trillion
• Health: N2.48 trillion
• Education: N3.52 trillion
He solicited the support of the lawmakers and Nigerians in addressing the country’s challenges
He stated: “The time for lamentation is over. This is a time to act. A time to support and promote greater investment in the private sector. A time for our civil servants to faithfully execute our policies and programmes. It is a time for every Nigerian to look hopefully towards a brighter future because a new day has dawned for us as a nation.
“As your President, I remain committed and resolute to continue to lead the charge.
“This 2025 budget proposal lays the foundation for peace, prosperity, and much needed hope. It is the plan through which a Nigeria where every citizen can dream, work, and thrive in safety can be achieved”.
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