Economy
FIRS Approves eTranzact For Nationwide e-Invoicing To Improves Transparency
FIRS Approves eTranzact For Nationwide e-Invoicing To Improves Transparency
FIRS approves eTranzact for nationwide e-invoicing to improves transparency. “By design, it simplifies tax processes, enhances compliance, and improves transparency in Africa’s largest economy,’’ Mr Opene stated.
The Federal Inland Revenue Service (FIRS) has approved eTranzact International Plc as a certified provider for its nationwide e-invoicing rollout, expanding a collaboration that began with VAT automation under Tax Administration 2.0.
A statement on Thursday by Adeyemi Opene, the FIRS spokesperson, said the approval strengthens eTranzact’s position as a trusted partner in the government-led digitisation of tax and business processes.
“The FIRS e-invoicing platform, the Merchant Buyer Solution (MBS), introduces structured digital invoices across business-to-business, business-to-consumer, and business-to-government transactions.
“By design, it simplifies tax processes, enhances compliance and improves transparency in Africa’s largest economy,’’ Mr Opene stated.
Mike Adoga, acting director of tax automation at FIRS, said the certified providers met rigorous requirements, including nationwide service capacity, proven security, neutrality, and scalability.
He added that the National Information Technology Development Agency (NITDA) provided technical input.
Tayo Koleoso, the chief of staff to the executive chairman of FIRS, explained that the providers were carefully selected based on their ability to deliver at scale.
“NITDA’s role was critical in tightening data protection and cybersecurity on the platform, giving taxpayers confidence that their information is safe and the process is transparent,” he said.
On his part, Niyi Toluwalope, managing director/CEO of eTranzact International Plc, described e-invoicing as a platform for innovation in business-government interaction.
“This certification builds on eTranzact’s track record of supporting national tax automation. In 2017, under Tax Administration 2.0, the company partnered with FIRS and leading banks to deploy an API system for secure VAT and WHT reporting through TaxPro Max.
“That infrastructure established a new standard for digital transparency in tax reporting and laid the foundation for Tax Administration 3.0. In addition to tax solutions, eTranzact delivers technology that addresses other government and institutional needs.

FIRS Approves eTranzact For Nationwide e-Invoicing
In 2024, it deployed a verification system for the Military Pensions Board, enabling pensioners within Nigeria and abroad to authenticate their identities seamlessly.
“Since 2003, the company has provided secure and scalable payment infrastructure across industries, licensed by the Central Bank of Nigeria for switching and processing as well as mobile money operations.
Through the e-invoicing rollout, eTranzact is helping FIRS achieve its mandate of digitising invoicing nationwide that meets international standards yet remains locally relevant,” he said.
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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