Connect with us

Headline

Breaking: Sanwo-Olu Dares FG, Signs VAT Bill Into Law

Published

on

…Appeal Court Stops Lagos, Rivers From Collecting VAT 

Despite stiff opposition from the Federal Government, the Lagos State Governor Babajide Sanwo-Olu on Friday signed into law the State VAT Bill as passed by the House of Assembly.

The Governor signed the “bill for a law to impose and charge VAT on certain goods and services” at about 11. 45am today , after returning from an official trip to Abuja .

By this act, the Bill has now become a Law.

Recall that on Thursday, the Lagos State House of Assembly on Thursday passed the State’s Value Added Tax (VAT) bill and the bill that prohibits open cattle grazing in the state.

The two bills were passed after unanimous votes by the lawmakers at the sitting where they were read the third time.

Meanwhile, the Appeal Court sitting in Abuja has ordered all parties to maintain the status quo and refrain from taking action that would give effect to the judgement of a Federal High Court in Port Harcourt that allowed the Rivers State government to collect Value Added Tax (VAT), pending the hearing and determination of the instant suit.

A three-man panel of the appellate court led by Justice Haruna Tsammani gave the order on Friday while ruling on an appeal filed by the Federal Internal Revenue Service (FIRS).

The order of the appellate court is the latest development in the series of legal tussles over whose responsibility it is to collect VAT.

Although the FIRS has taken up the responsibility over the years, the Rivers State government tested the legality recently, and it was worth the move.

On August 19, Governor Nyesom Wike assented to the Valued Added Tax Law, 2021 along with four others following their passage by the Rivers State House of Assembly.

His action was sequel to the judgement delivered by Justice Stephen Pam of the Federal High Court in the state capital who held that states should collect VAT, and not the Federal Government.

Displeased with the decision of the court, the FIRS filed a motion on notice to apply for a stay of execution on the earlier judgement delivered by Justice Pam.

But the court said refused the application, saying the federal agency failed to file an application to set aside the tax law recently enacted by the Rivers State House of Assembly.

Justice Pam, therefore, stated that the state law on VAT was valid and subsisting.

The FIRS later approached the Court of Appeal in Abuja with a civil motion seeking a stay of the execution of the judgement earlier granted by the court in Rivers pending the determination of the case.

As the legal battle continues, the action of the Rivers State government received the support of some states, especially Lagos where the government is close to making it a law to collect TAX, instead of the FIRS.

On Thursday, the bill seeking to empower Lagos to collect VAT was read for the third time and passed by lawmakers in the Lagos State House of Assembly. As it awaits the governor’s assent, more states have indicated to follow in the part.

Meanwhile, the Lagos State government has applied to be joined as a co-respondent to the suit filed by the FIRS at the appeal court.

The Attorney General of the State and Commissioner of Justice, Moyesore Onigbanjo, represented the state government at Friday’s hearing.

He informed the court that the interest of the state was at stake, stressing that if they were not joined, it would amount to a breach of a fair hearing.

Onigbanjo, a Senior Advocate of Nigeria (SAN), urged the court to take the application for the joinder first before the application for the stay of execution filed by the FIRS.

But counsel to the federal agency, Mahmud Magaji (SAN), urged the court to hear the main application first, as it was of utmost priority.

The appellate court, in its ruling, held that the motion of joinder by the Lagos State government be heard and gave the applicants two days to file their written addresses.

Similarly, the respondents have been given two days to file their response, while the applicants were given a day to reply on the point of law.

 1,375 total views,  6 views today

Headline

It’s Impossible For FG To Borrow N1.1trn To Meet ASUU’s Demand, Says Umahi

Published

on

Governor Dave Umahi of Ebonyi State says the Nigerian government cannot borrow N1.1 trillion to meet the demands of the Academic Staff Union of Universities (ASUU) who have been on strike for over five months.

The Chairman of the South-East Governors’ Forum said this on Wednesday when he received a delegation from the Nigeria Police Trust Fund led by Dr. Ben Akabueze, in Abakaliki, the Ebonyi capital.

“There is no way Nigeria will go and borrow N1.1tn to meet ASUU’s demand, it’s quite unreasonable. Are their demands genuine? Yes. But we can start little by little,” the governor said.

“There must be a commitment on the side of both parties that look, ‘ASUU is not asking for this to take to their houses’ so to say. It’s asking for it for our children, to better the infrastructure, to better the lecturers and the students. Yes, but we can start with a fraction of that and then have a programme that will run on the platform of sincerity to address all the lots.”

He also called on varsities lecturers to show some level of understanding so the strike can end.

“So, it is important for ASUU to show some understanding and for those who are negotiating on the side of government to also show some understanding,” he added.

“Let’s meet ourselves halfway and then open the schools to save the fate of our children.”

The governor, who equally faulted the poor maintenance culture in the country, added that there is a need to work on it.

“But let me also say that most of the time, our people have a low appetite for maintenance of public works,” Umahi said.

“No matter how much you deploy to these universities unless the users and the industry regulators begin to treat public infrastructure as their own in the various universities, it will continue to go bad.

 256 total views,  256 views today

Continue Reading

Headline

2023: You Need Wike For Your Rescue Mission, Mimiko Tells PDP

Published

on

…Says Rivers Gov Has Been The Party’s Solid Rock

Olusegun Mimiko says the Peoples Democratic Party (PDP) needs Rivers State governor Nyesom Wike for its rescue mission in the next general elections.

The former Ondo State governor spoke on Wednesday at the flag-off ceremony for the construction of the Azikiwe -Iloabuchi Road in Mile 2 Diobu, Port Harcourt, Rivers State.

“Your Excellency, our Party, the PDP, a Party for which you have laboured so much, seems saddled with the historical duty of forging this unity, a unity premised on truth, equity, and justice, a unity upon which rescuing Nigeria from the far from satisfactory performance of the past seven years will be built,” he said during the event.

“It is a mission that must be accomplished. A mission for which you are specially positioned and favoured to play a major role. A mission that must be subscribed to by all lovers of our country.”

He explained that when some forces tried to destroy the PDP, Wike was a bulwark that resisted such attempts.

“Beyond the self-evident physical transformation, you (Wike) have stood as a bulwark against those sworn to emasculate the main opposition party, all in their bid to force a one-party State down the throats of Nigerians,” Mimiko added.

“You were at one point virtually a one-man countervailing force, defending and protecting our dear PDP. You have also, through bold legal challenges, deepened the national consciousness on the defects in the running of our defective federal system.”

Mimiko’s comment came amid speculations that the Rivers Governor may dump the PDP following a fallout with the party after its presidential primary.

Wike lost to former Vice President Atiku Abubakar in the exercise, a development that has since caused a rift between him and Adama-born politician.

The PDP is making reconciliatory moves but Wike’s recent invitation of Governor Babajide Sanwo-Olu of Lagos (a state governed by the leading All Progressives Congress, APC) to commission a project has generated further speculations that he may leave the PDP.

 363 total views,  363 views today

Continue Reading

Headline

Real Madrid Beat Frankfurt 2-0, Clinch UEFA Super Cup

Published

on

Goals from David Alaba and Karim Benzema gave Real Madrid a 2-0 victory over Eintracht Frankfurt and a fifth UEFA Super Cup on Wednesday.

While Frankfurt were dangerous, particularly in the first half, Madrid’s experience and individual quality saw them through, as it did so often in their victorious 2021-22 Champions League campaign.

Frankfurt had the best of the early stages, with Madrid keeper Thibaut Courtois forced into a stunning anticipation save when one-on-one with Daichi Kamada in the 14th minute.

Madrid almost got their first, when Benzema released Vinicius to curl past Kevin Trapp in the penalty box, only for Tuta to clear the ball off the line.

With Madrid dominating possession, Frankfurt mounted several counter-attacks until Madrid launched a counter of their own in the 37th minute.

A diving Trapp got his fingertips to a goal-bound shot by Vinicius, pushing the ball out for a corner.

From the ensuing play, Benzema linked with Casemiro just next to the right post.

The Brazilian sucked in several Frankfurt defenders and a diving Trapp, before heading back to an unmarked Alaba who scored from close range.

After the goal, Madrid stepped it up a gear and should have gone 2-0 up, with Benzema uncharacteristically dragging the ball wide with the goal begging in the 41st minute.

Vinicius, Benzema Connect
Madrid’s quality became more obvious in the second half, with Trapp saving a deflected Vinicius shot in the 54th minute and Casemiro hitting the crossbar with 61 minutes gone.

Borussia Dortmund loanee Ansgar Knauff had a chance saved just minutes later before Vinicius and Benzema combined to put Madrid 2-0 up.

Vinicius skated down the left before slicing the ball back seemingly unsighted for the Frenchman to hammer home from the edge of the box.

Frankfurt fought hard in the closing stages but Madrid were able to dominate the game to win their fifth Super Cup from eight attempts.

The clash, in Helsinki’s Olympic Stadium, was the first time these two sides had met in a European decider since 1960 when Madrid dismantled Frankfurt 7-3 through four goals to Ferenc Puskas and three to Alfredo di Stefano in the European Cup final.

The match also highlighted the growing gap between the Champions League and Europa League competitions, with Madrid being the ninth Champions League team to win the competition in the past 10 years.

Only city rivals Atletico Madrid have won the Super Cup when qualifying via a Europa League win in the past decade, having done so by beating Real in the 2018 edition.

In the 10 years before, Champions League and Europa League participants won five Super Cups each.

Frankfurt joined Hamburg (1977 and 1983), Dortmund (1997), and Bremen (1992) as losing Super Cup finalists from Germany, with only Bayern Munich (2013 and 2020) having won the showpiece event.

 1,159 total views,  931 views today

Continue Reading

Recent Posts




JOIN US ON FACEBOOK

Trending