Clarifications
Kaduna: Arrest of Greenfield university students’ abductors unconfirmed
The Kaduna State Government has said that the rumoured arrest of the abductors of Greenfield University students remained unconfirmed. Making clarifications on Wednesday, the Commissioner for Internal Security and Home Affairs, Samuel Aruwan, said: “I have been inundated with calls, messages and emails to confirm if the bandits responsible for the kidnapping of the Greenfield University’s students have been arrested.” “While it is our desire to see this happen by the grace of God, I cannot confirm the story making the rounds, and I have not received any information related to this from security agencies.” Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power....
Senate passes amended AMCON bill, empowers agency to seize debtors’ assets
The Senate Wednesday passed the Asset Management Corporation of Nigeria Amendment bill after considering the report of its Committee on Banking, Insurance, and Other Financial Institutions. The amendment bill passed by the upper chamber empowers the Assets Management Corporation of Nigeria to, among others, take possession, manage or sell all properties traced to debtors, whether or not such assets or property is used as security/collateral for obtaining the loan in particular. It also empowers the corporation to access the Special Tribunal established by the BOFIA, 2020 for dealing with financial related matters. Presenting the report, Chairman of the Committee, Senator Uba Sani (APC, Kaduna Central) said the Committee engaged with stakeholders such as AMCON, Federal Ministry of Finance, ...
Nigerian government seeks new Eurobond
The federal government yesterday disclosed that it would approach the Eurobond market next year in its effort to shore up the economy, amidst cocktails of measures being put in place to douse the effects of the Covid-19 pandemic on the economy. On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021. Finance Minister, Zainab Ahmed, who disclosed the Eurobond plan while speaking on Bloomberg TV, explained that the decision would depend on the prevailing interest rates. She, however, did not specify the amount to be accessed from the Eurobond. The Eurobond option is ...
Chief, two others killed in Ogoni cult violence, not eight – police
The Rivers State Police Command has made clarifications regarding the killing of multiple persons including an unidentified chief in Luebe Community of Khana Local Government Area. Police spokesman Nnamdi Omoni, a Superintendent of Police (SP), made the clarifications on Thursday, following a report that a chief and eight others were killed in the community. Omoni said a battle of supremacy between two cult gangs, Icelanders and Greenlanders, in Luebe Community occurred and claimed the lives of two cultists and a chief. Daily Sun gathered that the community leader, whose identity could not be ascertained at the time of this report, was said to be supporting one of the cult groups. The report gathered from the Divisional Police Officer in the area revealed that the two cult groups, which ha...
FIRS clarifies stamp duty rates, others
Following several requests by taxpayers seeking clarifications on the current administration of Stamp Duties Act in the country, the Federal Inland Revenue Service (FIRS) has published detailed information to guide taxpayers and the general public on rates payable as stamp duty. The clarification guide, which is contained in a Public Notice signed by Executive Chairman, FIRS, Mr. Muhammad Nami, published on its website, stated that Stamp Duty is chargeable on both physical and electronic instruments in two ways i.e. Ad-valorem, where duty payable is a percentage of the consideration on an instrument; or Flat Rate, where a fixed sum is chargeable irrespective of the consideration on dutiable instrument or document. The notice described stamp duty as a tax payable in respect of dutiable inst...
