Business
Navy Arrests 40 Pirates, Impounds 52 Vessels
The Nigerian Navy last Monday arrested over 40 pirates and seized 52 vessels for various alleged piracy related offences.
Flag Officer Commanding. (FOC), Western Naval Command, Rear Admirer Habila Ngalabak made this disclosure while speaking with newsmen during a seminar for the officers at the Nigerian Navy Ship NNS Quorra in Lagos.
He explained that the seminar which has the Theme, ”maritime offences and procedures for arrest and detention of ships in Nigeria maritime environment” was to educate the officer’s to have a better understanding of procedure’s of arresting, detaining and prosecution of vessels”.
In a statement made available to The Tide, he said the seminar was to refresh the minds of naval officers on the issues of arrest, detention and prosecution of vessels at sea.
The seminar, he said, could not have come at a better time than this because,we are approaching December, so we have to get ourselves alert on our duties. According to him, we have 52 vessels of different classes and types presently in our custody for different offences and quite a lot of them are under litigation and investigations.
“It is a situation that keeps on changing, there are some that have been arrested and their cases have been disposed off from the list and others are still joining”, he said.
He said, “It takes time for the prosecution to be concluded, so, some of them have been for three of four years. The FOC said in the last two to the months, there were major arrest of maritime offenders which are piracy related offences and within this period, the command arrested no fewer than 42 persons for one offence or the other.
By: Chinedu Wosu.
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Business
Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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