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Op Ed

Oscar Onyeama – We Need a Closure

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Oscar Onyeama

I have read the Nairametrics report one more time. It was damning and damaging. It contained information that was not only anmoying but iritating.

A disgraceful loss position, a humiliating comparison with FMDQ a recent venture and a shameful expense schedule showing billions spent on only about 200 people.

A further look at the report shows that only 15% of its staff account for about 70% of the bilions spent on staff expenses

My people, I am very angry this morning. I have tried to hold back folloing an approach from the NGX but i have come to the realisation that this is bigger than any personal relationahip I might have with certain individuals at the Exchange.

Read Also: NGX: Stock Market Inclines By 16.21% In First Quarter

If the Nairametrics report is anything to go by and I have not seen any official rebutal by the NGX, then what we are witnessing here is a brutal rape of the Institution by its leaders.

This is all the more annoying when we see a weakening of Corporate Governance leading to Oscar’s almost 11 year stay at the exchange without a recurrent growth in value or any other developmental indices.

We are expcetd to take this at the National level at least those ones have the monopoly of institutional violence, are we expected to take this one too from bald headed Oscar and his co travellers?

The market has always been docile to regulatory trauncy. For fear of penalties, players keep quiet and watch their legacy being bastardised.

Read Also: Oscar Onyema Resigns As NGX Non-Executive Director

Oscar and crew are pefecting plans of increasong their stake thru a novel and idiotic special placement that would see them increase their holdings from the paltry 3% to only God knows what.

Let me sound it very clearly that in the next 5 days, I will publicly ask once again for his resignation. I know he will not listen but it will still not stop me from putting my own voice on record.

This continous pillage must stop and it must stop immediately. The NGX is a public firm with Nigerians holding critical stakes and as such must not be run by drunken sailors who only knw how to rape rather than nuture and grow

Thank you

Duke of Shomolu

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Op Ed

Our Mandate Is To Collect Taxes, Not To Grant Tax Waivers To Taxpayers – FIRS

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FIRS, Mohammed Nami

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami has disclosed that the mandate of the Service is to collect taxes that are due to the federation and the Federal Government not to grant tax waivers to any taxpayer in the country.

Nami stated this in a swift reaction to the news making the rounds that some companies among them Dangote Sinotruck Limited, Lafarge, Honeywell, etc had been granted tax waiver on pioneer status between 2019 and 2021 in the sum of N16 trillion by the FIRS and the other Federal Government agencies. In his reaction, Nami stated that “FIRS does not have the power or responsibility of facilitating or even implementing tax waivers to investors in Nigeria. There are relevant agencies of government that are charged with such responsibility.”

He, however, noted that the Service is not unmindful of the objectives of granting tax waivers to investors, which he said include “helping to grow local companies, stimulate economic growth, and earn investors’ confidence”. He also stated that he is “confident that the companies which are now enjoying tax breaks will eventually exit shortly and begin to pay taxes to the Federal Government as is currently being done by the companies that have equally enjoyed such tax breaks in the past and are now paying taxes in hundreds of billions of naira. Such companies will continue to pay taxes to the government so long as they remain in business.”

Read Also: Nami: Road Infrastructure Tax Credit Scheme, One of the Greate

The FIRS Executive Chairman also clarified that “the companies enjoying the Pioneer Status will be exempted from paying only the Direct Taxes (eg CIT, EDT) from their profits but will continue to act as agents of collecting and remitting Indirect Taxes (eg VAT, WHT) in the ordinary course of their operations”.

He concluded the statement by emphasising that he remains focused on the task of achieving the mandate of the Service which is to assess, collect, and account for taxes due to the federation and the Federal Government. This task, he noted, “is challenging, more so at this time of global economic disruption occasioned by the Russia-Ukraine war and the Pandemic. However, the Management is steadfast in achieving the target set for it by the Federal Government. For instance, last year the Service surpassed its target by collecting an unprecedented amount of N6.4 trillion in taxes. So far this year, the Service is poised to perform even better than its record for last year.”

He then called on the stakeholders to join hands with him to grow the nation’s economy.

Johannes Oluwatobi Wojuola
Special Assistant to the Executive Chairman, FIRS
Media & Communication
September 19, 2022

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Op Ed

Sen Ifeanyi Ubah attack: Assassination attempt or mistaken identity?

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Sen Ifeanyi Ubah

At a time the people of Anambra State were heaving a sigh of relief that normalcy was returning after over one year of living in fear as a result of the activities of the unknown gunmen that killed and maimed dozens of people, and tragedy struck again. Last Sunday, the victims were Senator Ifeanyi Ubah representing Anambra South senatorial zone in the country’s upper legislative chambers and his aides who were returning to the senator’s home town, Nnewi after attending a function.

The spot where the shooting took place has at least four escape routes. One of the roads connects Enugwu Ukwu with the Enugu-Onitsha expressway, another leads to Nibo, while the main road leads to Awka and Onitsha respectively. So, it was easy for the attackers to escape through any of the connecting roads after committing the havoc.

As the senator’s convoy approached the Nkwo Enugwu Ukwu market along the Awka – Onitsha old road,  the gunmen fired from different directions, leaving at least six people dead. The casualties included policemen, operatives of the Department of State Service, DSS, and some civilians. What saved the senator was that his SUV car, which was also riddled with bullets, is bulletproof and his driver was, therefore, able to drive to safety.

One of the murdered aides of Senator Ubah, Goodnews Mathias, was his personal assistant. Goodnews, who attended the University of Calabar. “He obtained BSc in Fisheries and Aquaculture and he is from Ika Local government area in Akwa Ibom State. His nickname is T.Boy, He is married and his wife and two kids are now left to suffer.

“He turned 40 years old in May; a lively person, easy going and always smiling. He has worked for Ifeanyi Ubah for about 15 years. Last year, the Senator gave him a car gift.

Also, one of the people that died at the scene was a businessman from Nri in Anaocha’s local government area of the state. The businessman, Saturday Vanguard gathered, was based in Lagos but relocated to his hometown, following alleged attempts on his life after a business deal that went awry. One version of the story had it that the attackers were after the businessman, only for the senator’s convoy to arrive at the scene at the time the gunmen had ambushed their target.

A source said: “It was likely that Senator Ubah was not the main target and only happened to be at the scene at the same time. The attack on his convoy might have been a result of mistaken identity, especially as many people, including ordinary traders, use long convoys in Anambra State. Anambra people do not kill for politics and if this incident has a political undertone, it must be the first in many years.

Another version of the story however said it was actually an assassination attempt on Senator Ubah. According to the information, the attack on Ifeanyi Ubah had a link with the sacked chairman of Nnewi North local government area whose wife died under questionable circumstances. It was gathered that the man used to be Ifeanyi Ubah’s boy, adding that the senator actually brought him to the political limelight. Another businessman, it was further gathered, who is allegedly having issues with Ubah, was said to have influenced the man’s current political ordeal. These stories are still in the realm of speculations. But the question is, why should anyone want to assassinate Ubah?

Senator Ubah, a billionaire and politician, cannot be said to be among the controversial politicians in Anambra State. In fact, it was due to the love the people have for him that made it possible for him to win the election using the virtually unknown Young Progressives Party, YPP,. He is also a well-known philanthropist who is loved by his people.

In all these, the police have not been forthcoming with information as to whether arrests have been made, or the motive behind the attack. The state Police Public Relations Officer, PPRO, DSP Tochukwu Ikenga in a statement said the investigation is ongoing.

“The Commissioner of Police Anambra State Command CP Echeng Echeng has led operatives to the scene where sporadical shootings took place in Enugwu ukwu. Though the details of the incident is still sketchy, operatives are on ground there as operations is going on and the situation is being monitored. Further details shall be communicated please “, he said.

 However, President Muhammadu Buhari, who condemned the attack described it as barbaric. His Senior Special Assistant on Media and Publicity, Garba Shehu said the president is closely monitoring the situation by security operatives. The president said: We are deeply concerned about the activities of armed groups in the region and other parts of the country. We are closely monitoring the situation and waiting for further details on the response to the worrisome situation by the police, the military and other security agencies.

“The nation has lost four brave policemen and other aides of the senator. On behalf of the government and the people, I pay tribute to these security men and the aides who were brutally murdered.”

People of different callings have  also been reacting on the attack. The state governor, Professor Chukwuma Soludo described the attackers as cowards whose end would soon come. He said his government was fully determined to wipe out criminality in the state and described the attackers as a sinking boat

Prof. Lilian Orogbu, a former dean of the Faculty of Management Sciences of Nnamdi Azikiwe University, Awka, who is the candidate of the Labour Party for Awka North and South Federal Constituency in the 2023 election condemned the gruesome attack on the senator.

Prof Orogbu urged the state government and security operatives to fish out the perpetrators of the attack and ensure they face the wrath of law. While consoling the families of the victims of the attack, she hoped that such incident would not repeat itself. Other andidates of some political parties for the 2023 election, including Senator Uche Ekwunife, also condemned the attack. Senator Andy Uba, who represented Anambra South senatorial zone before Ifeanyi Ubah took over, also condemned the attack and urged Governor Chukwuma Soludo to fish out the culprits and punish them accordingly.

Although Biafra agitators were fingered at the attack, the Movement for the Actualization of the Sovereign State of Biafra, MASSOB, exonerated them.

In fact, MASSOB described the attack on Senator Ubah as an assassination attempt and politically motivated. Its leader, Comrade Uchenna Madu said: “This attack is insensitive,  barbaric and unwarranted. The political cabals stifling the economy and wealth of Nigeria are not comfortable that a positive change that will abolish their illicit and corrupt means of embezzling the wealth of Nigeria is coming, hence they are sponsoring political assassination of eloquent and outspoken political leaders who are not  in their evil and corrupt wagon. The Enugwu Ukwu assassination attack is not only about Senator Ifeanyi Uba, but against people -oriented political leaders across the country.”

Madu recalled his earlier statement which warned about the likely resurgence of political assassination attempts with the approach of the 2023 general elections.

He went further to advise the presidential candidate of the Labour Party, LP, Mr. Peter Obi and the governor of Rivers State, Chief Nyesom Wike, among other politicians and religious leaders to beef up their securities in view of the likely increase in the rate of such attacks between now and February next year.

Source: Vanguard

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Op Ed

Queen Elizabeth: Saint Or Satan? [OPINION]

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UK Worried, As Queen Elizabeth Health Deteriorate

When two horses gallop without the clippity-clop sound of thudding hooves, chances are they are floating. Yes, the two white stallions charioting Queen Elizabeth floated towards Heaven’s Gate in a cloud of fire amid the evergreen Christian song, “Across the Bridge,” made popular by the late American country music singer, Jim Reeves.

Clad in her trademark hat, diamond-embedded suit, and gold-encrusted white gloves, she waved her right hand slowly as the chariot wafted through white and blue clouds while the song, “Across the Bridge, there’s no more sorrow…,” played in the background.

The Pearly Gates came into full sight after the giant bell chimed 96 times and the dirge, “Where We’ll never Grow Old,” began in a slow-pitch instrumental, “…Never grow old, never grow old/In the land where we’ll never grow old/Never grow old, never grow old/In the land where we’ll never grow old…”

The serene ambience of Heaven’s Gate was rowdy this morning. It’s true the dead don’t bite. But they do protest, just like they are doing this morning. Dead citizens from almost all the 56 countries making up the Commonwealth of Nations, which the Queen headed while alive, had stormed Heaven’s Gate, bearing placards with various inscriptions, urging the banishment of Elizabeth to hell.

Some of the placards read, “Here comes the Queen of Slavery,” “Elizabeth lineage disrupted God’s earthly order, she doesn’t deserve paradise,” “Elizabeth’s Britain: The most corrupt empire ever,” “Elizabeth, Hypocrisy Queen,” “The world would’ve been better without Elizabeth’s bloodline.”

The angels had a tough time controlling the surging protesters, especially those from Nigeria, where hate had replaced national conscience, and pessimism had pummelled patriotism into submission, leaving ethnicity, intolerance, nepotism and treachery as enduring branches on the tree of corruption.

“We no go gree o, we no go gree…,” the Nigerian protesters chorused, looking for discarded tyres, matches and fuel, but Queen Elizabeth was calm and unmoved, stern and unblinking in her bulletproof chariot.

When they couldn’t get anything to burn, the protesters later changed their song to, “Water run away my eyes,” mentioning epochs like colonisation, the 1914 amalgamation of Nigeria, the looting of Nigeria’s artefacts and resources by Britain, among others.

Also, the protesters shouted ‘Three gbosa’ as they mentioned the names of some departed activists such as Funmilayo Ransome-Kuti, Mallam Aminu Kano, Chinua Achebe, Gani Fawehinmi, Fela Anikulapo-Kuti, Tai Solarin, Beko Ransome-Kuti, Olikoye Ransome-Kuti, Ken Saro-Wiwa, whose pictures they held high up.

Simultaneously, many deceased Caucasians rose from the back of beyond and rallied to the defence of the Queen, chanting and spoiling for a free-for-all – all floating at Heaven’s Gate.

In the midst of the cacophony, the Queen calmly stepped out of the chariot, and walked towards Heaven’s Gate, her pedicured feet fleeting on the wavy clouds. But the Nigerian protesters rushed to the gate, their hands interlocking to form a barricade of bodies.

With the fire in her eyes protesting the unheard-of affront, the Queen, in a controlled tone, said under her breath, “Blimey! To what do I ascribe this crackbrained display of irritability? Is this the reward for civilising a backward people without history?

The Nigerian protesters roared in unison, calling attention to the Queen’s use of hate speech: “Did you hear that, Angels Gabriel, Raphael and Uriel!? She thinks she’s still in her empire built with the sweat and blood of blacks.

Queen: Blast and fog! The earlier you know enemies aren’t permanent, only interests are, the better your understanding of global politics and power, and the more profitable it’s for you.

Protesters: Shame! Britain undermined Nigeria!

Queen: Lie! Britain saved Nigerian masses from the feudal oppression of greedy leaders who sold fellow Nigerians into slavery for mirror, gin, gunpowder and foreign food.

Protesters: If Britain didn’t colonise us, we would’ve been a superpower today?

Queen: On my life, Nigeria would have remained a merciless jungle dominated by wife-snatching and land-grabbing feudal lords, where only the rich and powerful thrive. Britain couldn’t colonise Ethiopia, though we tried. We couldn’t break their unity. Mark you, Canada, Australia, Hong Kong, India, and New Zealand were former British colonies doing wonders today.

Protesters: You bequeathed a terrible political heritage to us, forcing the weak and unenthusiastic North on the strong and progressive South.

Queen: You allowed that preferential sleight to become an albatross when the South-East sought to upturn the political order by killing military leaders mainly from the North.

Protesters: Stop that divisive rhetoric! The South-East didn’t set out to annihilate military officers from other regions, it was a military coup in which logistics and plans went awry.

Queen: Tell that to the marines!

Protesters: Every country you set foot in becomes a story of pilferage, pillage and plunder.

Queen: I colonised Ghana, too. See what Ghanaian leaders have made of their country, see what Nigerian leaders have turned Nigeria into. Why did former Prime Minister David Cameron describe Nigeria as fantastically corrupt? It’s because billions of Nigerian dollars are stacked in foreign banks.

Protesters: Britain is also guilty; it colludes with Nigerian leaders to syphon Nigerian funds abroad…

Queen: Shut that latrine you call a mouth! Did Britain collude with Abacha to relocate the Central Bank of Nigeria abroad? By Jove, you have no idea how much other leaders stole from 1976 till date. When I administered your country, electricity was constant, roads were good, hospitals were functional, there was no ASUU strike, there was employment, life had meaning. It’s my bet that Nigeria of the slave trade era was better than Nigeria of today because life had a price tag then, it wasn’t as brutish and valueless as it is today.

(The protesters began to break off gradually, slinking back to the underworld one by one)

Queen: Did Britain also induce your prodigal leaders to jump on planes to London for mere meetings they can hold in the excellent Nigerian weather? Does that singular act not show that shame is a scarce commodity among your political elite? I’m very proud to lead a small country in population and landmass into the realm of global power. Love, kindness and patriotism are key components lacking in your country’s leadership.

Few remaining protesters: You’re the poisonous contaminant that polluted the confluences of our separate rivers, and made us sick, cancerous and vulnerable till date…

Queen: She ignores the few remaining protesters, peacocks majestically to the gate and asks Angel Michael who sits before the Book of Life if her name is in there.

Angel Michael: I have searched the Book of Life seven times, not once did I find your name therein.

Transfixed, the Queen goes pale, then red, and blank, sweat oozes from every pore on her body. The cool, heavenly clouds gradually turn into harsh, dry wind, becoming hotter by each passing second.

Tunde Odesola is a senior journalist columnist with The PUNCH newspaper and a guest writer here in INFO DAILY.

Source: Info Daily

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