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September 13, 2021 VAT: Five Northern states, Two South-West, Two South-South among Top Beneficiaries

VAT: Five Northern states, Two South-West, Two South-South among Top Beneficiaries

Five northern states, two south-western states, two south-south states, and one south-eastern state collected a total of N373.84bn of the N836.51bn Value Added Tax allocation available for states in 14 months.

This is according to the latest FAAC allocation data available from the National Bureau of Statistics for the months of January 2020 through to February 2021.

In the period under review, the thirty-six states of the federation and the Federal Government shared N1.09tn as VAT revenue from the Federation Accounts Allocation Committee.

The top 10 states were: Lagos (N153.94bn), Kano (N32.48bn), Oyo (N29.85bn), Rivers (N28.43bn), Kaduna (N24.75bn), Katsina (N22.72bn), Delta (N20.91bn), Bauchi (N20.49bn), Anambra (N20.14bn), and Jigawa (N20.13bn).

Lagos got the largest share of VAT revenue in the period under review (N153.94bn), while Nasarawa got the least allocation of N15.36bn.

September 10, 2021 My Brother Will Never Die In Vain —Sowore

My Brother Will Never Die In Vain —Sowore

Former presidential candidate, Omoyele Sowore, says his younger brother, Olajide, will not die in vain.

He stated this in a Facebook post on Thursday night hours after the burial of Olajide in the Kiribo area of Ondo State.

“My brother Olajide Sowore will never die in vain, thank you Nigeria! Though I am shackled, I am not in chains, I refuse to be held down! #RevolutionNow,” the elder Sowore wrote.

Inspiration FM had earlier reported that the remains of Olajide were laid to rest in the presence of his wife, four kids, family members, friends and associates.

The elder Sowore, in a Facebook post, also shared photos of the burial with the caption, “My kid brother Olajide Sowore who was brutally murdered by yet-to-be-identified gunmen reportedly referred to as herdsmen/kidnappers on Ore-Benin Road was finally laid to rest today at Kiribo!”

The Sahara Reporters publisher had in a tribute described his brother as “an out-of-the-box thinker” who decided to go back to school when he was about clocking 50.

The deceased was a Pharmacy student at the Igbinedion University in the Okada area of Edo State. He was returning from school when he was shot dead by suspected herdsmen around 6am on Saturday along the Lagos-Benin Expressway.

Police Public Relations Officer in the state, Kontongs Bello, had told an online source that the late Sowore was killed when gunmen kidnapped about five persons.

A woman, Emmanuella Anyanwu, who escaped from the hoodlums who killed late the Olajide had also said the gunmen demanded a ransom of N10m shortly before she escaped from the camp where she was kept with four others.

Anyanwu had also identified them as herdsmen, saying, “I believe they are Fulani because on that Saturday afternoon, they released their cows and came to where we were being held.

“I saw a mast far away and I started trekking towards it. After one hour or more, I got to a road and saw an elderly man on a motorcycle. I asked him to take me to a police station, which he did.”

Many eminent Nigerians including Minister of State for Labour and Employment, Festus Keyamo, SAN; Edo State Governor, Godwin Obaseki; and his Ekiti State counterpart, Kayode Fayemi, amongst others, had condemned the killing of Olajide but many Nigerians want security agencies to quickly bring the perpetrators to book and end the menacing trend of criminality that has turned some Nigerian highways to killing fields.

 
 
September 10, 2021 BREAKING: Sanwo-Olu Signs VAT Bill Into Law

BREAKING: Sanwo-Olu Signs VAT Bill Into Law

The Lagos State Governor, Mr Babajide Sanwo-Olu, has signed into law the state Value Added Tax Bill.

The state Commissioner for Information and Strategy, Mr Gbenga Omotoso, in a statement on Friday, said the governor signed the bill after returning from an official trip.

“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,” the statement partly reads.

Details later…

September 10, 2021 Breaking: Appeal Court Orders Stay Of Execution Of Federal High Court Ruling On VAT

Breaking: Appeal Court Orders Stay Of Execution Of Federal High Court Ruling On VAT

The Appeal Court sitting today in Abuja has ordered all parties to maintain 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 handed the order today while ruling on an appeal filed by the federal tax agency, Federal Internal Revenue Service (FIRS).

The Appeal Court also ruled that the motion of joinder by the Lagos State government be admitted and gave the applicants two days to send in their written addresses.

Also, the respondents to the case were given two days to file their response, while the applicants were given a day to reply on the point of law

 

 

 

 

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