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Tinubu asks national assembly to repeal FIRS, enact Nigeria Revenue Service

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President Bola Tinubu has asked the national assembly to consider repealing the act that establishes the Federal Inland Revenue Service (FIRS) and replace it with the Nigeria Revenue Service (NRS).

Tinubu’s request was contained in letters read on the floor of the house of representatives and senate on Thursday.

“The third bill is our respect of the Nigerian Revenue Service which seeks to repeal the Federal Inland Revenue Service Establishment Act number 13 of 2007 and establishes the Nigerian Revenue Service to assess, collect and account for revenue accruable to the government of the federation,” he said.

The president also asked the national assembly to pass three tax reform bills; the Nigeria tax bill, tax administration bill, and joint revenue board establishment bill.

“One of the bills is the Nigeria Tax Bill, which should provide a consolidated fiscal framework for taxation in Nigeria,” he said.

“The second one is the Nigeria Tax Administration Bill, which shall provide a clear and concise legal framework for the fair, consistent and efficient administration of all the tax laws to facilitate ease of tax compliance, reduce tax and optimize the revenue.”

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Tinubu said the Joint Revenue Board establishment bill would establish the joint revenue board and provide for the harmonisation, coordination, and settlement of issues arising from revenue administration in Nigeria.

The president said the bills align with his government’s objectives for fiscal reform “on the economic growth by enhancing taxpayer compliance”.

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BREAKING: Court orders final forfeiture of $2.04m, properties, shares linked to Emefiele

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The Federal High Court sitting in Lagos on Friday ordered the final forfeiture of the sum of $2.045m, seven choice landed properties and share certificates linked to the former Governor of the Central Bank of Nigeria, Godwin Emefiele.

 

Justice Deinde Dipeolu ordered the permanent forfeiture of the monies and the two share certificates of Queensdorf Global Fund Limited Trust, after holding that the former CBN governor or any other interested party did not contest same after the initial interim forfeiture.

 

The court also forfeited the seven choice landed properties on the ground that the former CBN Governor, Emefiele,was not able to connect his lawful earnings from Zenith Bank and the Central Bank of Nigeria (CBN) to the acquisition of the properties.

 

The court held that the former CBN Governor failed to provide documents or links to show that he owned the properties.

 

Emefiele had denied any connection between him and the companies in whose names the properties were purchased and the companies had also failed to appear before the court to claim the properties.

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The EFCC had listed the companies as; Amrash Ventures Limited, Modern Hotels Limited, Finebury Properties Limited, Fidelity Express Services Limited, H & Y Business Global Limited and SDEM Erectors Nigeria Limited.

 

Justice Dipeolu held, “the conclusion that can be deduced is that there must be something dark about the acquisition of the properties which Emefiele and the companies does not want to come to light.”

 

The judge further held “that the interested party has failed to demonstrate any lawful interest in the properties and that they were aquired from his legitimate earnings”.

 

“I therefore order the final forfeiture to the Federal Government of Nigeria of all those properties…which are reasonably suspected to have been acquired with proceeds of unlawful activities.”

 

The properties are: two fully detached duplexes of identical structures, lying being and situated at No. 17b Hakeem Odumosu Street, Lekki Phase 1, Lagos; an undeveloped land, measuring 1919.592sqm with Survey Plan No. DS/LS/340 at Oyinkan Abayomi Drive (Formerly Queens Drive), Ikoyi, Lagos; a bungalow at No. 65a Oyinkan Abayomi Drive, (Formerly Queens Drive), Ikoyi, Lagos and a four-bedroom duplex at 12a Probyn Road, Ikoyi.

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Others are an industrial complex under construction on 22 plots of land in Agbor, Delta State; 8 units of an undetached apartment on a plot measuring 2457.60sqm at No. 8a Adekunle Lawal Road, Ikoyi, and a full duplex together with all its appurtenances on a plot of land measuring 2217.87sqm at 2a Bank Road, Ikoyi, Lagos.

 

On August 15, 2024, the court had authorised the EFCC to temporarily take custody of the cash sum of $2.045million, seven choice landed properties and shares linked to Emefiele after hearing an Exparte application filed by lead counsel to the Commission, Rotimi Oyedepo (SAN).

 

The court’s ruling followed the EFCC’s assertion that the money and other items sought to be forfeited were reasonably suspected to be proceeds of unlawful activities.

 

However, counsel to Emefiele, Senior Advocate of Nigeria, Olalekan Ojo had urged the court to stay proceedings and not grant the final forfeiture of the properties.

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Man United confirm 39-year-old Ruben Amorim as new manager

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Manchester United have appointed Ruben Amorim, Portuguese coach, as the club’s new manager.

 

The Red Devils announced Amorim’s arrival in a statement on the club’s website on Friday.

 

The manager joined United from Sporting Lisbon and penned a three-year deal to manage the club with an option of an additional year.

 

However, the Portuguese coach is not expected to join United immediately due to work visa requirements. He is billed to resume at Old Trafford on November 11.

 

Ruud van Nistelrooy will continue as United’s interim manager until Amorim’s arrival.

 

United sacked Erik Ten Hag as the club’s manager on October 28 following a 2-1 loss to West Ham.

The defeat was the United’s fourth in the English Premier League (EPL) this season, and they slipped to 14th place on the log.

 

The team also remain winless in the Europa League with three draws from as many games. They are rooted in the 21st position of 36 teams in the Europa League log.

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Amorim is saddled with the responsibility of rejigging and correcting the wrongs in the team that made Ten Hag’s tenure unimpressive.

 

The 39-year-old is considered one of Europe’s most promising managers. He won the Primeira Liga twice in Portugal with Sporting Lisbon — the first of which was the club’s first title in 19 years.

 

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Police arraign, release VeryDarkMan after meeting bail condition

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VeryDarkMan, the social media critic, has regained freedom after meeting his bail condition.

 

The Nigeria Police Force (NPF) had arraigned the activist for alleged impersonation.

 

Following his arraignment on Friday, VeryDarkMan was granted bail in the sum of N2 million with two sureties, each required to post an equivalent amount.

 

The court also ordered the fitness expert to deposit his international passports and any other means of identification.

 

VeryDarkMan’s arraignment came after he shared a video where he appeared in a police uniform, a move the law enforcement agency condemned as unauthorised.

 

The social media celebrity also introduced himself as the “chief superintendent of police (CSP) of the online division”.

 

The police said it would launch an investigation to determine the source of the police gear used and the authority under which the activist acted.

 

VeryDarkMan would later apologise to the police and explain that he did not intend to impersonate the law enforcement agency.

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“I didn’t intend to impersonate the police in anyway and I tender my unreserved apologies to the Nigeria police force and the office of the inspector general of police,” he had said.

 

“I will like to use the medium to tell the general public to always seek permission from the police or other law enforcement agencies before using anything that might look like their uniform.

 

“You might want to use it for good but there are others that might want to use it for bad, so it’s good to get full approval before using anything that might seem impersonating👍 @nigeriapoliceforce.”

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