Connect with us

Economy

Obi Asks Tinubu Government To Publish Nigeria, France Tax Administration Agreement

Published

on

Tinubu Disobeying Supreme Court

Obi Asks Tinubu Government To Publish Nigeria, France Tax Administration Agreement

Obi asks Tinubu Government to publish Nigeria, France tax administration agreement. Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, says the Nigeria–France tax memorandum of understanding (MoU) must be transparent, as it has generated understandable public concern.

On December 10, the Federal Inland Revenue Service (FIRS) signed a MoU with France’s Direction Générale des Finances Publiques (DGFiP) on the promotion of efficient tax administration.

Obi said international collaborations on tax administration, revenue systems, and data management demand a “high level of openness” due to their direct impact on public trust.

“It is therefore worrisome that an agreement of this significance appears to have been concluded without the full terms being made public, and without a clear effort to explain its objectives, scope, and expected outcomes to Nigerians,” he said.

“Transparency is essential in matters that directly affect public revenue and institutional credibility.

“That said, I am not opposed to engaging foreign expertise. However, such engagements must be clearly justified, with a transparent explanation of the specific gaps they are intended to fill, why those gaps cannot be addressed locally, and, above all, the concrete benefits to Nigerians.”

Obi further explained that disclosing the terms of the engagements is especially important because Nigeria is not lacking in tax expertise.

“The country has a strong pool of qualified tax professionals, advisory firms, and globally recognised consultancies already operating locally, with the capacity to support tax reform and modernisation,” he said.

Tinubu Disobeying Supreme Court

Peter Obi to Tinubu

“In light of this, it is reasonable for Nigerians to question why external partnerships are made a priority instead of strengthening and leveraging existing local capacity. Sustainable reform should build institutions from within.”

The former presidential candidate noted that the concerns arise as Nigeria faces significant economic strain, with over 60 percent of citizens living in poverty and youth unemployment widespread. He said policy attention should focus on simplifying taxes, closing revenue leakages, and using public resources prudently.

Obi added that any agreement lacking transparency, public confidence, and measurable benefits risks eroding trust in government, so the federal government should publish the MoU, explain its rationale, and outline Nigeria’s benefits.

On Sunday, the FIRS said the MoU with DGFiP does not give France access to Nigerian taxpayers’ data or systems.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Published

on

By

Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

Continue Reading

Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

Published

on

By

EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

Continue Reading

Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

Published

on

By

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

Continue Reading

Trending