News
Presidency Addresses Tax Laws Controversy
The Presidency has dismissed the controversy surrounding the new tax laws scheduled to take effect on January 1 in the country.
Daily Voice reports that some political stakeholders have raised concerns over discrepancies between the tax laws passed by the National Assembly and the versions gazetted and made available to the public.
A member of the House of Representatives, Abdulsamad Dasuki, had claimed that his legislative rights had been breached because the content of the gazetted tax laws did not reflect what lawmakers debated and approved on the floor of the House.
However, speaking on Channels Television’s Morning Brief, the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, said what has been circulating in the media was fake.
He said, “Before you can say there is a difference between what was gazette and what was passed, we have what has not been gazette. We don’t have what was passed.
“The official harmonised bills certified by the clerk, which the National Assembly sent to the President, we don’t have a copy to compare. Only the lawmakers can say authoritatively what we sent.
“It should be the House of Representatives or Senate version. It should be the harmonised version certified by the clerk. Even me, I cannot say that I have it. I only have what was presented to Mr President to sign.”
Oyedele stated that he reached out to the House of Representatives Committee regarding a particular section, Section 41(8), which states, “You have to pay a deposit of 20 per cent.”
He noted that the committee’s response was that its members had not met on the issue.
“I know that particular provision is not in the final gazette, but it was in the draft gazette. Some people decided that they should write the report of the committee before the committee had met, and it had circulated everywhere.
“What is out there in the media did not come from the committee set up by the House of Representatives. I think we should allow them do the investigation,” Oyedele added.
President Bola Tinubu signed the four tax reform bills into law, marking what the government has described as the most significant overhaul of the country’s tax system in decades.
The tax reform laws, which faced stiff opposition from federal lawmakers from the northern part of the country before their passage, are scheduled to take effect on January 1, 2026.
The laws include the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service (Establishment) Act, and the Joint Revenue Board (Establishment) Act, all operating under a single authority, the Nigeria Revenue Service.
According to the Federal Government, the reforms are designed to simplify tax compliance, expand the tax base, eliminate overlapping taxes, and modernise revenue collection across federal, state, and local governments.
Results from the 2026 Ekiti State governorship election are beginning to trickle in from polling units and local government areas across the state, with electoral officials collating votes amid keen interest from political parties and supporters.
While the outcome remains uncertain, early figures are expected to provide an indication of the direction of the closely watched contest.
PU08, ward 10, Ekiti-east LGA, Ekiti state
ADC – 17
APC – 151
PDP – 28
PU016, ward 09, Idi Igi Ose, Ijero LGA
APC: 93
ADC: 22
PU002, ward 10, Ado-Ekiti, Ekiti state.
ADC: 3
APC: 163
PDP: 32
PU008, ward 09, Best way, Ijero LGA
APC: 160
PDP: 35
ADC: 25
PU004, ward 11, Oke Ode, Ijero LGA
APC: 229
PDP: 35
ADC: 34
PU005, ward 11, Oke Ode, Ijero LGA
APC: 253
PDP: 30
ADC: 21
PU016, ward 11, Emmanuel Anglican Nur/Pry School, Ijero LGA
APC: 36
PDP: 4
PU009, ward 08, Oko Ejemu, Ijero LGA
APC: 121
ADC: 17
PDP: 7
PU005, ward 08, Fajuyigbe, Ijero LGA
APC: 146
PDP: 14
ADC: 10
The Ekiti State Government has declared Friday, June 19, 2026, a work-free day for public servants in the state.
Naija News reports that the government said the holiday was to enable workers to travel to their respective voting centres ahead of the governorship election scheduled for Saturday, June 20.
This was contained in a statement issued on Thursday by the Permanent Secretary to the Head of Service, Janet Ajibola.
“His Excellency, the Governor of Ekiti State, Biodun Abayomi Oyebanji, has graciously declared Friday, 19th June, 2026, as a work-free day for all public servants across the state,” the statement read.
Ajibola said the directive was addressed to commissioners, special advisers, the Secretary to the State Government, permanent secretaries, the Clerk of the House, heads of tertiary institutions, the Registrar of the High Court of Justice, general managers, executive secretaries and heads of departments.
“For the purpose of public safety and continuity of essential services, hospitals and health centres, fire service departments and other essential service providers are exempted and shall continue to provide appropriate services,” the statement added.
The Permanent Secretary urged heads of exempted essential institutions to ensure uninterrupted service delivery during the election period.
She also directed chief executive officers and accounting officers across state parastatals to ensure compliance and wide circulation of the directive.
The news of Kunle Elebute by President Bola Ahmed Tinubu as the chair of the Governing Board of the Financial Reporting Council of Nigeria (FRCN). has started generating reactions from Nigerians.
Kunle Elebute, a renowned chartered accountant and financial management consultant, as the chair of the Governing Board of the Financial Reporting Council of Nigeria (FRCN).
This was disclosed in a statement by the presidency on Thursday, June 18, adding that his appointment, adding that his appointment was meant to strengthen corporate governance, deepen accountability and transparency, as well as enhance the confidence of investors within the financial reporting ecosystem of Nigeria.
According to The Punch, Elebute is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) with over 40 years of professional experience in Nigeria, West Africa and the world at large. Elebute had earlier served as the senior partner and chief executive officer of KPMG Nigeria, the KPMG West Africa chairman and the chairman of KPMG Africa.
Also, he had served on the regional and global boards of KPMG, such as its Global Board Audit Committee.
In the statement, he was described as a highly respected professional with wide experience in financial advisory services, auditing, strategic transformation, risk consulting and corporate governance.
Below are some of their comments:
Segun Benson said the appointment should have gone to another qualified person in another region of the country: “I would have expected Mr President to appoint a qualified person from another region.. no shades.”
Dimeji Lawal said that Nigerians are on the lookout for the effect of the appointment: “The appointment is one thing. The impact of the appointment is what Nigerians will be watching.”
Danjuma claimed that Tinubu’s appointments are following a particular pattern of the late former president Muhammadu Buhari: “I like Tinubu for this, he is following the footsteps of Buhari, who fulanised Nigeria with his appointments.”
Shamsuddeen commended the appointment of Elebute by President Tinubu, describing it as wonderful: “That’s another wonderful selection by President Tinubu GCFR by appointing Mr Elebute. Congratulations sir.”
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