
AFOLABI
FG Moves To Introduce New Tax Law
The executive chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has disclosed the Federal Government’s intentions to enact a new law aimed at transforming the revenue administration framework in Nigeria by the forthcoming month.
Naija News reports that Adedeji revealed this development in his address at the 2024 stakeholders’ engagement, a forum organized by the Intergovernmental Relations Department of the FIRS, under the auspices of the Senate and House Committees on Finance, with the theme “Repositioning The FIRS To Achieve Its Mandate”.
Speaking at the event, the FIRS boss expressed dissatisfaction regarding the absence of a legal framework governing the digital market, particularly in the realm of cryptocurrency within Nigeria.
Adedeji elaborated on the government’s strategy to regulate cryptocurrency in a manner that would not hinder the country’s economic growth, emphasizing the objectives of revenue harmonization, simplification, and modernization of the tax laws currently in place.
He highlighted the irony of Nigeria’s continued reliance on the Stamp Duty Act of 1939 in the absence of internet connectivity, attributing this to the rationale behind President Bola Tinubu‘s establishment of the tax and fiscal reform committee to review and amend the existing laws.
Adedeji said: “We are on the path of making sure the target of N19.4 trillion target we were given is achieved. We commend the recent windfall levy passed to increase FIRS’ ability to meet targets and get more revenue and redistribute the wealth.
“By September, we are bringing the law that would overhaul all the process of revenue administration in Nigeria, harmonising the revenue, recording and simplifying the tax law that we have. For instance, the Stamp Duty Act of 1939, when there was no internet or connection, is what is still in use.
“Today, we cannot run away from cryptocurrency, but as we stand currently, there is no law anywhere in Nigeria that regulates cryptocurrency, and it is a new thing that is happening, and we cannot run away from it.
“The law we are using today is the 1939 law. At that time, there was no state or local government. That is the reason the President set up the tax and fiscal reform committee to check and change all these laws.’’
Furthermore, during the discussion, the Chairman of the Senate Committee on Finance, Senator Mohammed Musa, expressed that the Federal Inland Revenue Service (FIRS) and the legislative bodies are collaborating to develop legislation aimed at maximizing revenue collection to effectively tackle the myriad challenges confronting Nigeria, including infrastructure development and the enhancement of human capital.
Musa said: “When you are talking of revenue, in every clime, you need the right legislation, and there cannot be right legislation until there is a synergy between the agency collecting this revenue and the people making these laws.
‘’We, the Senate and the House of Representatives, work with the FIRS to give this country the proper legislation for tax collection.
“Those laws are so old that they have been before the independence of this country; they would be modified. I am sure by the time we resume from our recess; the executive will submit the executive bill for us to amend the Act, repeal it and re-enact the one that would go with the current system in the environment.
“Cryptocurrency has become the largest way to make money today, and in Nigeria, we do not have a law to guide them. The FIRS and the legislators are synergising to come up with legislation that would give Nigeria the best in getting revenue to address all the changes that we have, both in infrastructure and human capital development.
“As soon as we resume, we will work on it, and we expect the cooperation of Nigerians, corporate Nigerians and individuals. This is a country of over 250 million people, and less than 15 per cent are paying tax.
“This engagement is both timely and crucial as we continue our collective efforts to strengthen Nigerians’ physical framework.
“The collaboration between the Senate and the House committees on finance underscores the importance of a unified approach in addressing the challenges and opportunities before us.
“The FIRS, as the bedrock of our revenue generation, has a mandate that is vital to the financial health and sustainability of our nation.”
“Ensuring that the agency is not only effective but also agile in responding to the dynamic demands of our economy is a responsibility that we all share.
“As the global economy evolves and as our own economic landscape undergoes transformation, there is a pressing need to assess, to reassess, realign and reposition to meet these new realities.
“This means not only adopting best practices but also fostering an environment where transparency, accountability and innovation are at the forefront of revenue generation efforts,” the lawmaker added.
In his separate remark, the Chairman of the House Committee on Finance, James Faleke, said everybody wants improvement and development in the nation but noted that nobody wants to contribute to that purse.
“We are much more interested in sharing; nobody wants to contribute, forgetting that the developed world we always make reference to are developed, based on the resources that every citizen put into the box,” Faleke said.
How Senate Deputy President, Principal Officers Got Multi-Billion Naira Constituency Projects In 2024 Budget
Principal officers of Nigeria’s Senate have allocated billions of naira in constituency projects to themselves in the 2024 budget, according to Premium Times.
The projects, known as Zonal Intervention Projects (ZIP), are intended for development initiatives across the 109 senatorial districts in the country.
The report revealed that Senate President, Godswill Akpabio, representing the North-West Senatorial District of Akwa Ibom State, allocated ₦4.142 billion worth of projects to his constituency alone.
These projects, along with others, are part of the ZIP program, which aims to bring federal projects to local communities through lawmakers’ initiatives.
Deputy Senate President, Barau Jibrin’s Kano North Senatorial District also saw significant allocations, along with other key Senate officers.
Senate Leader, Opeyemi Bamidele, Deputy Senate Leader, Oyelola Ashiru, ex-Chief Whip, Ali Ndume, Minority Leader, Abba Moro, and Deputy Minority Leader, Oyewunmi Olalere were among the top beneficiaries.
However, the platform raised concerns about the transparency and clarity of the budget allocations.
Many of the projects were found to have vague descriptions and locations, with some listed under suspicious sub-heads.
The budget document did not indicate whether the lawmakers nominated these projects, despite them being located in their respective constituencies.
Barau Jibrin (Kano North)
PREMIUM TIMES identified several projects worth billions of naira whose specific locations are unclear.
For instance, ₦250 million was allocated for the “Construction of rural roads in some selected communities in Kano State”.
The local government areas and specific communities where the project will be sited were not stated. Several others were not credited to any communities.
The projects and their costs are:
-₦190 million for “Human Capital Development and Strategic Empowerment with Capital and Motorcycles in Kano State.
Audience Survey
-₦250 million for “Provision of Solar Borehole in various wards in Dala LGA, Kano State.”
-₦60 million for construction of classrooms in Kadawa Ungogo LGA, Kano State.
– ₦20 million for “Training and employment of youth and women and supply of sewing machines in Gwarzo/Kabo LGAs of Kano State”.
Mr Jibrin is from Kano State and the deputy senate president.
Barau’s clear project
The review showed that only one project was clearly allocated to Mr Jibirin’s Kano North. The project is:
-₦190 million for “Provision of empowerment items to farmers to boost dry season farming, traders and other artisans (LOT 1&2) in Kano North Senatorial District”. The project is listed under NBRRI.
Bamidele Opeyemi (Ekiti Central)
Six projects worth ₦1.472 billion were allocated to the Ekiti Central Senatorial District, which Mr Opeyemi represents.
However, the only difference here is that the projects have locations, even though some are under irrelevant government agencies.
Projects listed for Mr Opeyemi’s constituency are:
-₦200 million for “Supply of education materials to students in selected schools in Ekiti Central Senatorial District.” The project is listed under Federal Cooperative College, Ibadan.
-₦150 million for “Grants for unemployed youths and women in selected areas of Ekiti Central Senatorial District.”
-₦200 million for “Procurement of agric inputs and employment of farmers in Ekiti Central Senatorial District.”
-₦232 million for “Provision of agric food farm inputs and empowerment for youths and women in Ekiti Central Senatorial District.”
-₦218 million for “Provision of agric and farm inputs for cooperatives in Irepodun/Ifelodun and Ijero LGAs of Ekiti Central Senatorial District.”
-₦250 million for “Provision of agric and farm inputs for cooperatives in Ado, Efon, and Ekiti-west LGAs of Ekiti Central Senatorial District.”
-₦222 million for “Capacity building training and supply of sewing machines, block moulding machines, cassava grinding machines and pepper grinding machines for artisans in selected areas of Ekiti Central Senatorial District.”
Oyelola Ashiru (Kwara South)
Eleven projects worth ₦1.8 billion were allocated to Kwara South Senatorial District, which Mr Ashiru represents.
Like Mr Bamidele, some projects here are listed under irrelevant organisations for execution.
They are:
-₦250 million for “Construction of community road in Ayaba area of Essa Ward in Kwara South, Kwara South Senatorial District”. The project is listed under the main ministry.
-₦250 million for “Construction and equipping of ICT centres in selected communities of Kwara South Senatorial District”. The project is listed under the National Productivity Centre.
-₦100 million for “Construction and rehabilitation of rural road and pavement in Popo Market, Offa, Kwara South (PHASE 2)”. The project is listed under the National Productivity Centre.
-₦100 million for “Renovation and equipping of Esie/Iludun Secondary School in Irepodun Local Government Area of Kwara South”. The project is listed under the National Productivity Centre.
-₦100 million for “Renovation of Oro Ago, Omupo, Erinle-Ile, Omu-Aran and Ajasse Kinship’s palace in Kwara South.” The project is listed under the National Productivity Centre.
-₦200 million for “Medical outreach for disabled and elderly people in selected areas of Kwara South Senatorial District”. The project is listed under Aquatictic Bio-Resources Training Centre Tunari, Taraba State.
-₦100 million for “Provision of medical supplies to Primary Health Care and Maternity Centres in Kwara South Senatorial District”. The project is listed under Aquatictic Bio-Resources Training Centre Tunari, Taraba State.
-₦100 million for “Construction of motorised boreholes across communities in Isin Local Government area of Kwara South Senatorial District”. The project is listed under Niger RBDA.
Ali Ndume (Borno South)
Three projects worth ₦722 million were allocated to the Borno South Senatorial District, which Mr Ndume represents.
The controversial senator has lost his Senate Whip position to Tahir Monguno (Borno North) after he fiercely criticised President Bola Tinubu’s policies.
The projects his constituency benefitted from are:
-₦500 million for “Construction of roads, drainages and culverts in Borno South Senatorial District. The project is listed under Housing.
-₦122 million for “Provision of tricycle pick up vans in Borno South Senatorial District, Borno State. The project is listed under the National Research Institute for Chemical Technology Zaria (NARICT)
-₦100 million for “Provision of tricycle (Keke NAPEP) in Borno South Senatorial District, Borno State. The project is listed under the National Research Institute for Chemical Technology, Zaria. (NARICT)
Abba Moro (Benue South)
Eight projects worth N1.180 billion were allocated to Benue South Senatorial District, which Mr Moro represents.
Mr Moro became the minority leader a few months after the Court of Appeal sacked its former occupant, Simon Mwadkwon.
Like Mr Bamidele, some projects here are listed under irrelevant organisations.
They are:
-₦200 million for “Electrification of Uwokwu, Benue South Senatorial District”. The project is listed under Bio-Resources Development Centre, Makurdi.
-₦50 million for “Completion of Ublegbe-Odebe-Otto electrification Ogbadigbo, Benue South Senatorial District”. The project is under the Bio-Resources Development Centre, Makurdi.
-₦20 million for “Completion of Ago electrification of Ogbadigbo LGA, Benue South Senatorial District “. The project is under the Bio-Resource Development Centre, Makurdi.
-₦500 million for “Training of Youths in Agricultural value chain skills acquisition in Benue South Senatorial District”. The project is under SHEDA.
-₦200 million for the “Construction of internal road in Ugbokolo using Interlocking blocks Okpokwu LGA, Benue South Senatorial District”. This project is listed under BCDA.
-₦20 million for “Completion of Ekpemgbe electrification, Ado LGA Benue South Senatorial District “. The project is under BCDA.
-₦140 million for “Purchase of drugs for various health care centres in Benue South Senatorial District”. The project is under BCDA.
-₦50 million for “Emergency repairs on a 12KM road Aikpla-Ihilikpa, Benue South Senatorial District”. The project is under BCDA.
Oyewunmi Olalere (Osun West)
Six projects worth ₦1.130 billion were allocated to the Osun West Senatorial District, which Mr Oyeunmi represents.
They are:
-₦200 million for “Provision of solar street lights in Iwo, Ede and Ayedaade Local Government Area of Osun West Senatorial District.”
The project is listed under NBRRI.
-₦200 million for “Grants to vulnerable people, widows, and aged-people and physically challenged in Osun West Senatorial District, Osun State”. The project is listed under the Nigerian Stored Products Research Institute, Ilorin (NSPRI).
-₦100 million for “Purchase and distribution of motorcycles to youths in Ola-Oluwa, Isokan and Ejigbo local government areas of Osun West Senatorial District, Osun State”. The project is listed under the Nigerian Stored Products Research Institute, Ilorin (NSPRI).
-₦230 million for “Solar powered street lights in selected communities in Osun West Senatorial District”. The project is listed under the National Institute for Construction Technology and Management, Uromi.
-₦300 million for “Purchase and distribution of korope buses, and motorcycles to transport workers in selected communities of Osun West Senatorial District, Osun State”. The project is listed under the Nigerian Institute of Construction Technology and Management, Uromi.
-₦200 million for “Supply and installation of transformers at Ejigbo, Owode, Gbogan, Apomu and other critical areas in Osun West Senatorial District, Osun State”. The project is listed under the National Centre for Energy and Environment.
Presidential Jet Seizure: Utomi Tackles Amosun Over ‘Blacklist’ Allegation
Economist, Pat Utomi has lashed out at Ibikunle Amosun over the allegation that he was blacklisted by the Ogun State House of Assembly before he took over office as the governor of the state.
Utomi while featuring as a guest on Channels Television’s Sunrise Daily on Monday, denied having any business transactions with the Ogun State government that could have warranted him to be blacklisted.
He said, “Why would I have been blacklisted? I have never had any business with Ogun that would have led them to whitelist not to talk of blacklisting me.
“As a matter of policy, I don’t do business at all with state governments. The only time it would become necessary is when it comes to land matters because the government is the sole authority over land matters in Nigeria.
“Why would the House of Assembly blacklist me? For what? I have never had any business transactions with Ogun State until that time. That is what frightens me why public officials can make such preposterous accusations against me I heard that statement for the first time in my life. If I was blacklisted, for what?”
While responding to Utomi over his statement that he had violated the contract agreement regarding the cancelled deal with Chinese firm Zhongshan Fucheng Industrial Investment Co. Limited, Amosun had described the professor as “entitled”.
Amosun was responding to Utomi’s allegation on a cancelled agriculture-related project in Ogun before he assumed office.
However, responding on Monday, Utomi said he never transacted any business with the Ogun State government.
Utomi then spoke on the seizure of the presidential jets, saying Nigeria should not have acquired such a jet fleet, as it was “Unnecessary”.
“To be quite frank, when I first heard of the seizure, I had no clue of what led to it.
“I just felt “we have done it again”. I was not happy and I thought of the idea of a presidential fleet, and why Nigeria maintains such a huge fleet, which I consider unnecessary.
“Many countries much better off than Nigeria do not have presidential fleets. The British who we learnt the art of statecraft from in the modern era, typically don’t have a prime ministerial jet. The prime minister leases jets to go for assignments.
“So that was my first reaction to why we would bring ourselves to this state of embarrassment.
I have been warning about this for a long time. There are many sub-nationals in which the governors act so much irresponsibly in the way they get in and out of contracts with foreign organisations bringing great embarrassment to Nigeria.
“A lot of businesses will not come to Nigeria because they think Nigeria’s institutions are not reliable. They think because Nigeria can’t give them justice, and boundaries are not clear.
“Many state governments- a governor leaves, a new one comes, and they riff off everything the governor before him has done without thoughts for the consequences for his state and the country in terms of how seriously the world takes them.
“So when I realised that was what is prevalent, I decided to highlight my personal experience that happened as exactly as the one that led to the seizure of the presidential jets.
“This has happened to a lot of businessmen but because they don’t have the resources to approach the international court for arbitration, they just lick their wounds and let it go.
“It is not just Ogun State. I pointed out that I have a book that was published a few months ago. I published several case studies in the book. One of the cases was exactly what was done in another state in Nigeria that led to a foreign company in South Africa, leaving the country which led to so much loss because the governor decided to play games after he left office.
After I made the remarks, I was told that the former Ogun State governor came out with thoughts against me.
“And I then thought that this is another big problem with Nigeria, where people who have held public office do not have the discipline to speak basic simple truths in conversations.
“The only time I have ever been in business with Ogun State was when we were trying to develop an agricultural value chain project.
EndBadGovernance: Organizers plan ‘fearless’ protest in October
Organizers of the just concluded EndBadGovernance protests that recently crippled economic activities nationwide are currently planning to stage more demonstrations across the nation in October.
A former presidential candidate of the African Action Congress, AAC, Omoyele Sowore confirmed the plan to DAILY POST on Saturday.
DAILY POST recalls that Nigerian youths had staged nationwide protests from August 1 to 10 over the prevailing economic situation in the country.
The supposed 10 days peaceful demonstration was, however, hijacked by non-state actors, leading to the unfortunate death of some protesters.
According to reports, 17 persons were reportedly killed in Abuja, Kano, Niger, Borno, Kaduna and Jigawa, while several others were seriously injured after the Nigerian security forces clamped down on the protesters.
No fewer than 1,135 persons were arrested across the country following the violence that erupted during the protest.
In Kano State, hoodlums disguised as protesters reportedly vandalized government assets, including essential documents and looted properties belonging to individuals.
Some of them were also caught flying Russian flags while clamoring for military rule in Nigeria.
In Kano alone, about 873 suspects were arrested by the police and other security agencies.
No fewer than 76 of them, including a foreigner, arrested for flying the Russian flags, were on Monday last week, transferred to the Force Headquarters, Abuja for discreet investigation on charges of sedition.
When contacted by DAILY POST on Saturday, an activist lawyer, Deji Adeyanju said they were currently working towards securing the release of some of the protesters.
Asked to disclose the fate of the detained protesters, the popular activist simply said, “we are currently on their matter”.
However, Sowore confirmed to DAILY POST that some of the protesters have been released, while efforts were ongoing to secure the freedom of others.
He said, “We are working to get all detained persons released and have, in fact, succeeded in getting some released.
“To this, we owe some gratitude to several human rights attorneys who have dedicated their time and resources to ensure these latest victims of rights abuses are released from unjust detention.
“The federal govt would soon face an ultimatum to release all arrested protesters if they continue to be reckless and intransigent.”
Planned October protest
The protest scheduled for October may not be unconnected to what they described as President Bola Tinubu’s alleged failure to address the demands of the protesters.
DAILY POST reports that the EndBadGovernance protesters, who were majorly asking the FG to reverse some policies that led to the high cost of living, including the controversial fuel subsidy, made at least 15 demands.
Among other things, the protesters asked the government to “Toss the Senate arm, keep the House of Representatives and make lawmaking a part-time endeavour.
“Pay Nigerian workers a minimum wage of nothing less than N250,000 monthly.
“Release Mazi Nnamdi Kanu unconditionally and demilitarize the South East. All ENDSARS and political detainees must also be released and compensated.
“End banditry, terrorism and violent crimes. Reform security agencies to stop continuous human rights violations.
“Massive shake-ups in the Nigerian judiciary to remove cabals of corrupt generations of judges and judicial officers that continue denying citizens access to real justice.
“Diaspora voting”.
But according to the organizers, President Tinubu, who addressed the nation on the 6th day of the protest, failed to address the demands.
This has compelled the Nigerian youths to stage more protests.
Sowore told DAILY POST that unlike the August protest, the planned October demonstration tagged #FearlessInOctober would be prolonged.
On the rumoured ongoing dialogue with the FG, Sowore said, “I am not part of any negotiations. We are all working on our next set of prolonged protests tagged #fearlessinOctober”.
Fuel Scarcity: We Will Supply Only What We Have — Oil Marketers
Fake Graduates: FG Orders Varsities To Submit Admission Lists, Threatens Sanctions Against Defaulters
The Federal Government has threatened to sanction higher institutions that fail to submit lists of students admitted immediately after matriculation.
This was revealed in a memo ‘CLARIFICATION ON DISCLOSURE OF ADMITTED CANDIDATES OUTSIDE CAPS( 2017-DATE)’ by the Jamb Admission Matriculation Board (JAMB) obtained by Channels Television.
The initiative, according to JAMB’s Public Communications Advisor, Fabian Benjamin, is one of the recommendations made by a committee set up by the Federal Government to combat fake degree racketeering in the country.
According to the memo, institutions are to “regularly submit their matriculation lists to the Federal Ministry of Education not later than three months after matriculation ceremonies.”
The list is expected to be submitted through the dedicated channel of JAMB.
“The Board has observed a large number of candidates thronging its offices to resolve issues related to the disclosure of candidates admitted outside the Central Admissions Processing System (CAPS) from 2017 to date. While we appreciate the enthusiasm, we must correct the misconception that the focus is on candidates’ actions. The true emphasis lies with the institutions, which must disclose all candidates admitted outside CAPS before the August 31st, 2024 deadline.
“This directive requires immediate attention and compliance. We urge institutions to carefully review our initial letter and ensure full compliance, as failure to disclose will result in severe consequences. Candidates are also reminded not to accept admissions outside CAPS.
“The Board reiterate that candidates not disclosed by institutions would not be entertained. The Board will not tolerate any condonement of undisclosed admissions moving forward.”
The development comes after the Federal Government set up an Inter-Ministerial Investigative Committee on Degree Certificate Milling, to probe the activities of certificate racketeers following an investigative report published by Daily Nigerian which exposed the activities of fake degree mills in the Benin Republic.
In a similar development, a memo addressed to the JAMB on July 15, 2024, the education ministry said, “You may recall that following the publication of allegations of certificate racketeering involving some foreign institutions, especially in Cotonou, Benin Republic, and other countries, the ministry constituted an inter-ministerial committee to investigate the allegations to find lasting solutions.
“The committee has submitted its report and the Honourable Minister of Education has approved its recommendations for implementation.
“In that regard, I hereby convey the request of the honourable minister for the implementation of the following recommendations of the committee:
“Enforce the mandatory requirement for all tertiary institutions in Nigeria to exclusively conduct their admissions processes through the Central Admissions Processing System under the auspices of the Joint Admissions and Matriculation Board; mandate all tertiary institutions in Nigeria to regularly submit their matriculation lists to the Federal Ministry of Education not later than three months after matriculation ceremonies through the dedicated channel of the Joint Admissions and Matriculation Board.
“You are kindly requested to implement the above recommendations and furnish the ministry with implementation updates.”
Channels had on Thursday, reported how the National Youth Service Corp (NYSC), said a total of 54 corps members who were illegally mobilised by the University of Calabar, had been demobilised.
This is in addition to the earlier 101 certificates that were recently voided by the scheme, making a total of 178.
An investigation by a Daily Nigerian reporter Umar Audu revealed how he obtained a degree within six weeks, after which returned to Nigeria and embarked on the mandatory one-year NYSC service.
The investigation led to FG placing a ban on the accreditation and evaluation of degrees from Benin Republic and Togo.
The Minister of Education, Tahir Mamman then vowed to flush out holders of fake degrees from the Nigerian educational system.
ECOWAS Moves To Block Niger, Mali, Burkina Faso Exits
The Economic Community of West African States Parliament is stepping up diplomatic efforts to prevent Niger, Mali, and Burkina Faso from leaving the regional bloc.
The Deputy Speaker of the House of Representatives, Benjamin Kalu, confirmed that parliamentary diplomacy mechanisms are being deployed to engage the three nations, emphasising the importance of unity within ECOWAS.
He spoke in an interview on Saturday, August 17, 2024, with newsmen in Abidjan, Ivory Coast, on the sidelines of a meeting of the parliament’s Joint Committee on Administration, Finance, Budget, Public Accounts, Macroeconomic Policy and Economic Research, of which he is Chairman.
Kalu assured that letters had been sent to the governments of the concerned nations, and visits by parliamentary representatives would soon follow.
He expressed confidence that dialogue would lead to their reintegration into the regional body.
“There are already mechanisms in place, through what is called parliamentary diplomacy, to reach out to them.
“Letters have been sent to them, and very soon, some of us will start visiting those countries to engage the heads of government.
“We will tell them, for instance, that, granted, maybe they were offended by one or two things, but let us sit down again and discuss,” the deputy speaker stressed.
Kalu also noted that even in a worst-case scenario where the three countries proceed with their exit, ECOWAS’s financial stability would not be at risk.
He highlighted the organisation’s multiple revenue streams, including the Community Levy and contributions from development agencies.
“There are many other sources. So, we want to make sure that we streamline it and know where monies are coming from.
“If these are not enough, we will increase because there are so many development agencies, there are so many people who are interested in the sub-region.
“There are multiple ways of raising funds for the parliament, as well as the community,” he said.
In addition to addressing the potential exits, the ECOWAS Parliament is pushing for reforms to strengthen legislative independence.
Kalu, who also chairs the country’s House of Representatives Constitutional Review Committee, said that the laws governing ECOWAS need updating to reflect the changing political landscape.
The proposed amendments would bolster the separation of powers and enhance the credibility of the institution on the international stage.
“Rightly put, we need to amend the Supplementary Act.
“The protocols that brought the ECOWAS Commission and ECOWAS Parliament into existence need to be overhauled.
“This is because these laws are not cast in stones; Indeed, no law is cast in stone”, the two-term lawmaker (APC-Abia, Bende Constituency) added.
Since January 28, 2024, when the military juntas in Mali, Burkina Faso, and Niger announced their decision to withdraw from ECOWAS, the regional body has attempted to negotiate their return through sanctions relief and invitations to technical meetings.
However, these attempts have been met with silence.
Gridlock, Queues As Fuel Scarcity Hits Lagos
Fuel queues have resurfaced in several parts of Lagos as scarcity of petroleum hit Nigeria’s commercial centre.
Channels Television observed that in some areas of the state, motorists were spotted in the queues that snaked into the streets. The development caused gridlock around filling stations.
A litre of the product now sells for between N800-N1,000 in some filling stations, a move that has resulted in an increase in the cost of transportation
Some filling stations are not selling the product while black marketers have taken advantage of the situation to do brisk business.
The situation is not limited to Lagos. Some states in the northern region have experienced persistent scarcity of the product.
FG Reads Riot Act

But in a bid to tackle the situation, the Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) threatened to withdraw licenses of filling stations hoarding fuel.
“NMDPRA embarks on a war against the illegal sale of petroleum products, especially PMS in jerrycans. Filling stations are advised to desist from servicing illegal peddlers; failure to do so would result in the suspension of retail licences,” the agency said in a tweet on its handle.
The Nigeria National Petroleum Company Limited (NNPCL) last month blamed the scarcity of petroleum on a hitch in the discharge operations of a couple of vessels.
“The NNPC Ltd wishes to state that the tightness in fuel supply and distribution witnessed in some parts of Lagos and the FCT is a result of a hitch in the discharge operations of a couple of vessels,” the NNPCL spokesman Olufemi Soneye said.
But he assured Nigerians that the NNPCL is working to resolve the situation.
“Similarly, the development was compounded by consequential flooding of truck routes, which has constrained the movement of PMS from the coastal corridors to the Federal Capital, Abuja,” he said.
LASTMA Deploys More Officers

Meanwhile, the Lagos State Traffic Management Authority (LASTMA) has deployed its officers to monitor traffic around filling stations.
LASTMA’s Director of Public Affairs and Enlightenment Department Adebayo Taofiq quoted the agency’s general manager Olalekan Bakare-Oki as warning motorists against obstructing the flow of traffic.
He said the deployment became necessary due to reports of long queues at filling stations caused by motorists who park indiscriminately, thus blocking roads.
“We want our roads to be free-flowing; fuel queues should not become a burden for other road users in Lagos,” the LASTMA chief said.
Osimhen ready to snub Chelsea for PSG
Victor Osimhen is set to snub Chelsea and wait for long-time Paris Saint-Germain, who are now ready to make a final decision on his transfer, PUNCH Sports Extra reports.
The Blues have been seeking the signature of the Nigeria international all summer but were initially rebuffed by Napoli, with the 2022/23 Serie A champions insisting that his £113m release clause must be paid in full.
The 25-year-old is said to be ranking prominently on their wish list to lead their line during the 2024/25 season.
The Lagos-born is one of the most sought-after strikers in Europe, having been linked with moves to Chelsea, Arsenal, Paris Saint-Germain, Manchester United, and Liverpool, among others, following impressive seasons with Napoli.
Despite the departure of Kylian Mbappe to Real Madrid, PSG remained silent on their pursuit of Osimhen, being also reluctant to meet the hefty £113m asking price for the striker and were happy with the duo Goncalo Ramos and Randal Kolo Muani.
Osimhen was believed to be keen to test himself in the Premier League after making a name for himself in Serie A with Napoli and in Ligue 1 with Lille, whose rivals Paris Saint-Germain were formerly thought to be Chelsea’s main contenders.
However, according to journalist Florian Plettenberg—via The Sun—Osimhen instead has his heart set on joining the French champions, who could now reignite their interest due to a serious injury to one of their strikers.
PSG are expected to rekindle their search for a new striker before the transfer window closes after Goncalo Ramos sustained a severe ankle sprain 20 minutes into Les Parisiens’ opening Ligue 1 game against Le Havre on Friday.
The Portuguese will be out for around three months following surgery, and Osimhen is prepared to wait until the ‘eleventh hour’ to seal his dream move to Paris.
With the latest development, Chelsea’s proposed triple swap deal for the Nigerian has supposedly been plunged into fresh doubt.
Osimhen has amassed 76 goals and 18 assists in 133 matches for Napoli in all competitions since 2022, but he has been frozen out of the squad after it was reported that he requested to leave this summer.
Antonio Conte’s side began their 2024-25 Serie A campaign with a 0-0 draw at the Stadio Bentegodi on Sunday against Hellas Verona.
‘Work of mischief makers’ — Ganduje disowns 2027 presidential campaign posters
Abdullahi Ganduje, the national chairman of the All Progressives Congress (APC), has disassociated himself from campaign posters on social media, claiming he would be contesting for the presidency in 2027.
In a statement on Sunday by Edwin Olofu, chief press secretary (CPS), to the APC national chairman, Ganduje said the campaign posters are “malicious pieces of fake news”.
The campaign poster featured Ganduje as a presidential candidate in 2027, with Hope Uzodimma, governor of Imo, as his running mate.
The poster also showed the two politicians will contest the presidency on the platform of the APC.
Ganduje said “mischief makers” linked with the Kwakwassiyya movement were behind the posters.
He added that the perpetrators are working to cause discord between him and President Bola Tinubu.
“This is to inform the general public that the poster currently circulating on social media, claiming that the APC national chairman, Dr. Abdullahi Umar Ganduje, is contesting for the presidency in 2027 with Imo state governor, Hope Uzodimma, as his running mate, is entirely false and a malicious piece of fake news,” the statement reads.
“The All Progressives Congress (APC) wishes to categorically state that this is the work of mischief-makers, likely in collaboration with certain elements within the Kwankwassiyya movement, who are determined to create disaffection between Dr. Ganduje and His Excellency, President Bola Ahmed Tinubu.
“For the avoidance of doubt, Dr. Abdullahi Umar Ganduje remains unwaveringly loyal to President Tinubu and is fully committed to supporting the president’s vision and leadership.
“Dr. Ganduje believes that President Tinubu is on the right trajectory to steer Nigeria towards greater prosperity and unity.
“We urge the public to disregard this fabricated story and refrain from spreading unverified information.”