Connect with us

News

Belema Foundation Collaborates With Army University

Published

on

Underscoring the place of education in national development and integration, Belemaoil Limited and the Belema Foundation Aid recently embarked on the construction of a N3 billion Faculty of Engineering Building for the Army University, Biu in North- Eastern state of Borno.
The founder and President of the indigenous oil company, Engr. Jack-Rich Tein disclosed this during a courtesy call on him in his office in Abuja by the Vice Chancellor, Prof Fatima Tahiru and the management team of the University, yesterday.
In his speech,  Engr Jack Rich  urged the Nigerian Army University,  Biu, to  ensure that vocational and skills acquisition platforms aimed at giving women and youths a prosperous future are included in their  academics programmes
Expressing his interest in encouraging accelerated growth of the institution, he also harped on the need for the university to look into the area of agriculture considering the comparative advantage in its location at Biu, where the university is sited.
Tein said the motive behind the company’s support to the university was to develop sound academic programmes that would equip graduates with skills that are needed in the modern global economic environment where, science, technology and innovation are key.
According to him, there is every need for the institution to develop learning and teaching modules that would produce modern economic game changers, and to develop the right economic ecosystem that would move to country forward.
Earlier, the Vice Chancellor of the Nigerian Army University, Tahir said the visit was in acknowledgement of the wonderful support given to the institution by Belemaoil which provided solution to one of its key need of building a Faculty of Engineering.

 

Nneka Amaechi-Nnadi, Abuja

Continue Reading

News

Bayelsa, Kogi Polls: Sack IGP, HURIWA Tells Buhari

Published

on

The Human Rights Writers Association of Nigeria (HURIWA) has called on President Muhammadu Buhari to sack the Inspector General of Police (IGP), Mohammed Adamu over his failure to ensure adequate security during the just concluded elections in Bayelsa and Kogi states.
HURIWA explained that failure to sack the police boss would indicate that Buhari and his government directly benefited from the insecurity in Bayelsa and Kogi states.
The rights group said the police chief was disgracing Nigeria for embarking on what it termed meaningless voyage of discovery in search of infantile reasons for security failure during the just ended governorship elections in Kogi and Bayelsa states.
HURIWA stated this in a statement signed and made available to newsmen by its National Coordinator, Emmanuel Onwubiko, yesterday.
It expressed shock that the IGP can be heard saying that politicians used fake policemen to undermine the security of the elections even when the police’s hierarchy had deployed 66, 241 police operatives for the exercise.

Continue Reading

News

Senate Passes Finance Bill 2019

Published

on

The Senate, yesterday, passed the Finance Bill 2019, which increased the rate of Value Added Tax (VAT) from five per cent to 7.5 per cent and equally streamlined the nation’s tax regime.
The passage of the Bill followed the presentation and consideration of the report of the Senator Solomon Adeola-led Senate Committee on Finance on the Finance Bill 2019.
In his comment after the passage of the Bill, the Senate President, Dr Ahmad Lawan, said the amendment is meant to generate revenue to fund the 2020 Budget.
Lawan said: “We amended seven Acts largely to ensure that we streamline the tax system in Nigeria and ensure that we get revenues for government to provide services and infrastructure to the citizens of this country.
“What we have done is very significant because this is to ensure that we not only have sources of funding but credible and reliable sources of funding for the 2020 Appropriation but also for subsequent activities of government.
“The revenue generating agencies will have to sit up. The National Assembly, particularly the Senate, will be mounting a lot of oversight. If they have targets, we must ensure they meet the targets.
“I believe what we have done is not to put taxes or burden on the ordinary people. What we have done is to create more revenue.”
The seven Bills that were amended included: Petroleum Profit Tax Act (PPT), Customs and Excise Tax Act, Company Income Tax Act (CITA), Personal Income Tax Act, Value Added Tax Act, Stamp Duties Tax Act, and the Capital Gains Act.
Lawan urged revenue generating agencies to sit up, and ensure they do their work with patriotism.
The Finance Bill was presented alongside the 2020 Appropriation Bill to the National Assembly by President Muhammadu Buhari on October 8, 2019.
Adeola said following the presentations at the public hearing and submissions made by the relevant stakeholders, the committee observed that:
“The Bill sought to amend the provision of the Companies Income Tax Act by curbing Base Erosion and Profit Shifting (BEPS) as proposed by the Organization for Economic Cooperation and Development (OECD) and broaden the triggers for domestic taxation of income earned by non-resident companies in Nigeria through dependent agents and via online market platforms.”

 

By: Nneka Amaechi-Nnadi, Abuja

Continue Reading

News

Sowore, Bakare’s Sureties Not Subject To DSS Verification, Falana Insists

Published

on

Human rights lawyer, Mr Femi Falana (SAN), has faulted the claim by the Department of State Services (DSS) that it could not release #RevolutionNow protest convener, Omoyele Sowore, and Olawale Bakare on bail until it sees and verifies their sureties.
Falana, who is a lawyer for the two detained activists, said in a statement, yesterday, that the judge, who admitted Sowore and Bakare to bail and ordered their release, did not assign the DSS with the responsibility of verifying their sureties.
The two men had perfected the bail conditions given them by Justice Ijeoma Ojukwu since November 6, according to Falana, but more than two weeks after, the DSS had refused to let them out of its cells.
In a statement made available to newsmen, yesterday, Falana said, “Pursuant to the verification of the sureties of Omoyele Sowore and Olawale Bakare by the Federal High Court, the trial judge, Honourable Justice Ifeoma Ojukwu, made an order on November 6, 2019, for the release of the defendants from the custody of the DSS.
“The court order has not authorised the DSS to approve the sureties before releasing Sowore and Bakare from custody.
“Kindly find below the court order being treated with contempt by the DSS which has continued to parade itself as a law-abiding security organisation.”

Continue Reading

Trending