Home NEWS COVER STORIES

COVER STORIES

By Abdullahi Olesin, Ilorin, Donatus Nadi, Lafia , Anayo Onukwugha, Port Harcourt, Nosa Eresoyen, Asaba, Abu Nmodu , Minna, Taiwo Omilani, Lagos. The federal government’s attempt to implement some aspects of the National Tobacco Control Act may have been dead on arrival as many Nigerians are left in the dark on the law. On the 31st of May this year, which was the World No Tobacco Day, the minister of Health, Prof Isaac Adewole, launched the implementation of certain aspects of the National Tobacco Control Act (NTCA), which include the banning of sale of cigarettes in single sticks, and the banning of sale of cigarettes to minors, banning of sale of cigarettes to or purchased by anybody who is less than 18 years old. However, checks across the country by LEADERSHIP Friday, revealed that more than four months after the pronouncement by the minister, tobacco control is still a mirage. In 2015, the...
By KAYODE TOKEDE,  Lagos Federal and state generating revenue service agencies generated a whopping sum of N99.26 billion as tax income from Zenith Bank and 15 other firms in the country between January to June of 2017 (H1), investigation by LEADERSHIP has revealed. A total of seven financial institutions, two industrial companies, four petroleum marketing companies, one conglomerate, one household company and a multinational company were investigated by LEADERSHIP. Of the N99.26 billion revenue paid by these companies, the seven financial institutions contributed about 77.4 per cent or N73.5 billion of the total revenue, as federal government continued to brace up its policies that will enforce tax payment compliance across the country. According to LEADERSHIP findings, the 16 firms had paid revenue services agencies N99.9 billion between January to June of 2016. United Bank for Africa (UBA) leads in the list of financial institutions tax payment in six months of 2017, followed by...
By ANDREW ESSIEN, Abuja The governing All Progressives Congress (APC) yesterday summoned the minister of Women Affairs and Social Development, Hajia Aisha Alhassan, over her comments regarding her political allegiance ahead of the 2019 presidential elections. The minister who arrived the national secretariat of the party at about 1:45pm was ushered into the office of the national chairman, Chief John Odigie-Oyegun, where discussions were held behind closed doors. The minister had recently heated the political space when she granted a media interview where she pledged her unflinching loyalty to a chieftain of the party and former vice president, Atiku Abubakar, rather than her boss, President Muhammadu Buhari. Briefing journalists after the meeting, APC national publicity secretary, Mallam Bolaji Abdullahi said the minister apologised for going public to make such comments. He said, “Since the issue of the comment she made came up, the party has not said anything regardless of what individuals may have...
By KAYODE TOKEDE,  Lagos Federal and state generating revenue service agencies generated a whopping sum of N99.26 billion as tax income from Zenith Bank and 15 other firms in the country between January to June of 2017 (H1), investigation by LEADERSHIP has revealed. A total of seven financial institutions, two industrial companies, four petroleum marketing companies, one conglomerate, one household company and a multinational company were investigated by LEADERSHIP. Of the N99.26 billion revenue paid by these companies, the seven financial institutions contributed about 77.4 per cent or N73.5 billion of the total revenue, as federal government continued to brace up its policies that will enforce tax payment compliance across the country. According to LEADERSHIP findings, the 16 firms had paid revenue services agencies N99.9 billion between January to June of 2016. United Bank for Africa (UBA) leads in the list of financial institutions tax payment in six months of 2017, followed by...
By CHIKA IZUORA, Lagos and FESTUS OKOROMADU, Abuja In line with the presidential mandate of rehabilitating the nation’s three refineries, the Nigerian National Petroleum Corporation (NNPC) has inaugurated eight committees charged with the responsibility of returning the refineries to their nameplate capacities by the year 2019. The committees inaugurated for the rehabilitation of the refineries would be headed by a steering committee chaired by the group managing director (GMD) of the corporation, Dr. Maikanti Baru. The committees are Rehabilitation, Stakeholder Management, Financing, Legal, Procurement, Pipeline and Crude Oil Supply and Security as well as Staffing and Succession Planning. While inaugurating the committees, Baru charged them to deploy “out of the box solutions” to ensure that the refineries return to their good old days of top class performance. “I am convinced that the teams we have selected here today will give the necessary direction towards returning the refineries back to their optimal levels of performance”,...
by Jonathan Nda-Isaiah,  Abuja The federal government has ordered the probe of past heads of the Joint Admission and Matriculation Board (JAMB) and  the Nigerian Maritime Administration and Safety Agency (NIMASA), over what it called poor remittances in the past. The minister of Finance, Kemi Adeosun, disclosed this to State House Correspondents, yesterday ,after the Federal Executive Council meeting presided over by President Muhammadu Buhari at the Presidential Villa. According to her, JAMB for the first time remitted N5 billion to the coffers of the government with a balance of N3 billion still to be remitted compared to maximum N3 million per annum remitted in the past. She stated that the disparity in the remittances of the two agencies in the past and now necessitated the decision to probe all previous heads of the two agencies. The minister also disclosed that other agencies with similar discrepancies in their revenue remittances will be probed. She said,...
By Ejike Ejike, Abuja States along the River Niger axis such as Kogi, Abia, Anambra, Rivers, Niger, Kebbi, Bayelsa among others risk imminent flooding as neighbouring country, Niger plans to empty its dam. The pending flood, which stakeholders have compared to 2012 flood in Nigeria is due to commence soonest after the National Emergency Management Agency received the orange alert from Niger recently. This is coming at a time when stakeholders revealed that Kainji Dam, Jebba Dam and Shiroro Dam are almost full and cannot contain any other water. This is even as the National Emergency Management Agency (NEMA), yesterday, sent out alert warning to the identified states, calling on them to scale-up their preparedness to avert imminent consequences. Speaking at a stakeholders meeting, involving Nigerian Meteorological Agency (NIMET) and the Nigeria Hydrological Services Agency (NIHSA), the director general of NEMA, Engr. Mustapha Maihaja said, “Following this year’s seasonal rainfall forecast by Nigerian Meteorological...
BY Kayode Tokede, Lagos Naira against the Dollar at parallel market dropped to N367 as speculation over Dollar currency scarcity hits market. The naira traded at N366 against the Dollar and N367 in some parts of the country as against N365/N364 which it exchanged early in the week. The Central Bank of Nigeria (CBN) on Tuesday intervened in the foreign exchange market on Tuesday, injecting $250 million. The naira thus exchanged for N476 against the pound from N472 the previous day and exchanged for N436 to the Euro as against N432 on Monday. On the Investors & Exporters Foreign Exchange Window (IEFX), the Naira closed trading at N360.00 from N359.16 it opened for trading while daily turnover increased to $110.25 million. On the international market, the naira traded at N359.43 to a dollar as against N353.99 which it traded at on Monday. It traded at N476.78 to the British pound as against...
By ANDREW ESSIEN, Abuja There are indications that the Governor Nasir el-Rufai-led committee on restructuring will, among other things, be considering previous reports on constitutional conferences in its review of the call for restructuring of the country. LEADERSHIP gathered that the committee will also review manifesto, campaign promises and constitution of the governing All Progressives Congress (APC) as it fashions out a workable structure for the country. It was also learnt that the party organs will then review the recommendations by the committee before it is finally presented to President Muhammdu Buhari. However, the el-Rufai led restructuring committee will have to hold public hearings before it arrives at a position, which will eventually be debated by the party before subsequent submission to the presidency, a process that may be at the later part of the year. The party’s national chairman, Chief Odigie-Oyegun, had also revealed that the party was responding to new threats to...
BY CHIBuzo UKAIBE, Abuja, MATTHIAS NWOGU, Umuahia and ANAYO ONUKWUGHA, Port Harcourt There is growing tension in the South East zone of the country following clashes between the Nigerian Army and members of the indigenous people of biafra (IPOB). The anxiety has also spread to the South South region where two persons were yesterday feared killed, with scores injured, when soldiers and IPOB members clashed in Oyigbo local government area of Rivers State. To quell the pandemonium in Aba, Abia State, following the presence of the troops on Operation Python Dance II, the state governor, Okezie Ikpeazu, has imposed a three-day dusk to dawn curfew on the commercial city. The   governor  called  on  the  military  to  carry  out their  operation in line with  international  standard  of  engagement within the  civilian  population and   in accordance with  respect  for  human rights. He also advised Abians and others living within the state to “remain law abiding and...