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Militants Threaten Fresh Hostilities …Give FG 14-Day Ultimatum

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A Niger Delta militant group, Niger Delta Revolutionary Crusaders (NDRC), has threatened to resume hostilities in 14 days, if the Federal Government disregarded its five-point demand, including inauguration of a panel to negotiate with the Pan Niger Delta Forum (PANDEF).
NDRC, in a statement made available to the media by its spokesperson, W.O.I. Izon-Ebi said, “after 14 days, if these very important concerns are not addressed, we shall have no choice but to call off our ceasefire and start hostilities because we only respected the plea of our eminent royal fathers, chiefs and leaders of the Niger Delta region to give room for sincere dialogue in finding a lasting solution to the Niger Delta question.
“The Federal Government should as a matter of urgency constitute a Federal Government delegation to liaise with PANDEF to start implementing all demands.
“Oloibiri should be a priority of development like the Federal Capital Territory because that is the first place oil was discovered in commercial quantity in 1959, but after sucking the oil dry, the community called Oloibiri is in shambles. No Niger Delta youth of this 21st century that happens to visit Oloibiri would accept the current reality of things in the Niger Delta.
“The Vice President that is saddled with the affairs of the Niger Delta should immediately call SPDC to order as it would annoy you to note how SPDC is enslaving Odoh family (the host family to Opomu West drilling location, since 1971 to date, a dime has not been given to the owners of the land for the destruction of their ancestral fishing lake).
“This issue should be addressed immediately as Akologben, Brass creek manifold and Benisede/Akonu/Tunu gas pipeline would be our first casualty.
“The lack of funds to properly address and implement the Presidential Amnesty Programme (PAP), which has seen amnesty beneficiaries sent back from their various institutions of study overseas would not be accepted any longer.”
The agitators noted that they had tremendous respect for the “Chairman of the Federal Government’s delegation, who happens to be a pastor, Professor of Law and Vice President of Nigeria, Prof Yemi Osinbanjo. His truthfulness to have accepted the true reality of the plight of the Niger Deltans makes us to respect our ceasefire, but we have come to realize that the Federal Government is not sincere.
“The UNEP report implementation was just a ploy to persuade the people of Ogoni and fool the international community that the Federal Government is fully committed to solving the Niger Delta question, their main aim is to suck the oil dry as was done in Oloibiri.
Meanwhile, prominent Ijaw groups and elders have asked youths in the Niger Delta to forget any plan to resume hostilities in the Niger Delta region.
The leaders insisted that President Muhammadu Buhari’s administration had shown some positive signs and must be allowed to implement its vision to develop the region.
The Ijaw Youth Council (IYC) Worldwide and the Ijaw National Congress (INC) said instead of resorting to violence, the region had opened a new chapter of constructively engaging the government to ensure it fulfilled all its promises.
Speaking in separate interviews, the IYC President, Mr. Eric Omare, said since President Buhari had made promises, the best the region could do was to impress it upon his administration to fulfill them.
He said: “I do not think that it has got to that level where people will resort to threatening to bomb oil facilities again. Government made promises but our duty for now is to remind government of its promises towards the region and insist that government should fulfill its promises.
“But to threaten attack or resort to a militant approach to force government fulfill its promises, l don’t think is the best approach for now. We have never encouraged militant dimension or use of force in our agitation. We advise those that threatened violence to adopt peaceful means”.
Also, the Chairman, INC, Central Zone, Chief Kennedy Odiowei, asked the youths to remain calm insisting that Buhari with his track record of integrity, would fulfill his promises to the region.
He said: “We are not in support of violence because the Federal Government is talking to the region. The Vice-President came and toured the Niger Delta. They have seen the plight of the region and the people.
“The government is very proactive to look into the issues of the Niger Delta so we are not in support of any threat to renew attacks. We are saying that everybody should keep calm and drop their arms”.
“The Vice-President made some serious policy statements including asking all the oil companies to relocate their headquarters to the Niger Delta region. It is a welcome development. So let us wait and see what the government could do”.
But the immediate past President of IYC, Mr. Udengs Eradiri, observed that the tempo which Vice-President Yemi Osibanjo pursued negotiation with the region dropped immediately Buhari returned from his overseas trip.
He, however, said it should not be an excuse for anybody to contemplate resuming attacks on oil installations adding that he had been talking to aggrieved youths to forget the idea.

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INEC To Unveil New Party Registration Portal As Applications Hit 129

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The Independent National Electoral Commission (INEC) has announced that it has now received a total of 129 applications from associations seeking registration as political parties.

The update was provided during the commission’s regular weekly meeting held in Abuja, yesterday.

According to a statement signed by the National Commissioner and Chairman of the Information and Voter Education Committee, Sam Olumekun, seven new applications were submitted within the past week, adding to the previous number.

“At its regular weekly meeting held today, Thursday 10th July 2025, the commission received a further update on additional requests from associations seeking registration as political parties.

“Since last week, seven more applications have been received, bringing the total number so far to 129. All the requests are being processed,” the commission stated.

The commission revealed the introduction of a new digital platform for political party registration. The platform is part of the Party Financial Reporting and Auditing System and aims to streamline the registration process.

Olumekun disclosed that final testing of the portal would be completed within the next week.

“INEC also plans to release comprehensive guidelines to help associations file their applications using the new system.

“Unlike the manual method used in previous registration, the Commission is introducing a political party registration portal, which is a module in our Party Financial Reporting and Auditing System.

“This will make the process faster and seamless. In the next week, the commission will conclude the final testing of the portal before deployment.

“Thereafter, the next step for associations that meet the requirements to proceed to the application stage will be announced. The commission will also issue guidelines to facilitate the filing of applications using the PFRAS,” the statement added.

In the meantime, the list of new associations that have submitted applications has been made available to the public on INEC’s website and other official platforms.

 

 

 

 

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Tinubu Signs Four Tax Reform Bills Into Law …Says Nigeria Open For Business 

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President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.

The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.

The ceremony took place at the Presidential Villa, yesterday.

The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.

The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.

“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.

Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.

Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”

Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”

He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.

“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.

According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”

He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.

The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.

However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.

At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.

They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.

After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.

By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.

In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.

“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.

“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.

He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.

The President added, “We are not just signing tax bills but rewriting the social contract.

“We are not there yet, but we are firmly on the road.”

 

 

 

 

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Senate Issues 10-Day Ultimatum As NNPCL Dodges ?210trn Audit Hearing 

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The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.

Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.

However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.

Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.

A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.

It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.

The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.

“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.

“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”

But lawmakers rejected the request.

The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.

“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.

“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.

Other lawmakers echoed similar frustrations.

Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.

The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.

Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.

Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”

Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.

The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.

Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.

The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.

 

 

 

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