Economy
Federal Workers Lament Over High Taxes Deduction From Low Income Without Justification
Federal Workers Lament Over High Taxes Defections From Low Income Without Justification
Federal workers lament over high taxes deduction from low income without justification. Many federal government workers have continued to express concern about the high-income taxes deducted from their monthly salaries through the Pay As You Earn (PAYE) model.
The civil servants who spoke to journalists on Sunday in Abuja said it was frustrating given the country’s current economic situation.
They demanded an immediate reduction in the PAYE tax deducted from their monthly salaries.
They said the huge tax deducted from their monthly salaries had reduced their purchasing power, going by the increasing price of goods and services.
Ese Williams, a civil servant, urged the federal government to revisit the income tax issue, which had placed a huge burden on the finances of civil servants.
She said the new minimum wage had not substantially improved the monthly earnings of government workers, yet the taxes remain high.
“Imagine a level 15 officer with a monthly salary of less than N400,000 paying almost N60,000 tax. It is alarming,” she said.
Ibrahim Abbas complained that the federal government’s policies appeared to be designed against federal civil servants.
“I do not even see any reason to justify the high tax regime that we are subjected to in recent times,” he said. “While we were expecting improvement in our welfare, every policy, from the removal of fuel subsidy to floating of the naira, appears to be against government workers.”
Aliu Sule complained that there was no infrastructure on ground to justify the huge taxes being deducted from the salaries of civil servants.
“We still provide most necessities for ourselves. From security to electricity and water, we devise ways to provide all these for ourselves, so there is no justification to increase our taxes,” he said.
The president of the African Development Bank (AfDB), Akinwumi Adesina, called for greater accountability and transparency in the management of national resources.
Speaking recently at a retreat of the Council of Anglican Provinces of Africa (CAPA), Mr Adesina urged the federal government to be more responsive to the needs of the people.
“Citizens must uphold their responsibilities, but governments must be held accountable,” said Mr Adesina. “There must be transparency, public property, accountability, and responsiveness in the way these resources are used to transform the society.”
“In Scandinavian countries, when people pay taxes, there is a responsibility on the part of governments to provide what society needs,” he said.
All Nigerian residents aged 18 and above earning income from Nigerian sources are required to file personal income tax returns.
This includes salaried employees, self-employed individuals, and those with other sources of income such as investments, rental income, or business income.

Tinubu
Meanwhile, the chairman, Presidential Advisory Committee on Fiscal Policy and Tax Reform, Taiwo Oyedele, said that the proposed tax reform bills would address the situation.
Mr Oyedele said individuals earning about N1.7 million or less monthly would pay lower PAYE tax under the proposed bills.
He said workers earning the new minimum wage of N70,000 and slightly more would also be fully exempted from tax obligations.
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
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
“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.
Crime
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
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
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
Economy
Access Bank Gets New Board Chair Ifeyinwa Osime
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.

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.
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