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Wike Blasts NASS Over Ex-Service Chiefs’ Confirmation …Blames Poor Performance Of NDDC On Presidency, NASS

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The Rivers State Governor, Chief Nyesom Wike, says Nigerians are disappointed with the National Assembly for confirming sacked service chiefs as ambassadors.
The governor related the disappointment of Nigerians to members of the Senate Committee on Niger Delta, when they paid a courtesy visit to him at Government House, Port Harcourt, last Wednesday.
Wike wondered why senators, who agreed with Nigerians when they decried the poor performance of the service chiefs, would sit to clear them for another appointment.
“Let me use this opportunity to express the dismay of most Nigerians to the Senate. Convey this to the Senate. We must be courageous in whatever we are doing. Everything must not be party affairs. You (senators) sat and discussed that they should dismiss the service chiefs. You said they’re not performing.
“Now, the same people who were not performing, you have confirmed them as ambassadors. What kind of country are we?
“In anything we do, we must remember that there is tomorrow; our conscience is key. It’s not because I want to be loyalists to a party. No. There are things you cannot reconcile at all,” he said.
Speaking about the Niger Delta Development Commission (NDDC), Wike said the commission has abandoned its core mandate; leaving those who canvassed for its establishment disillusioned.
“I don’t like talking about NDDC. It is unfortunate that those who fought for it, if they knew that this is how NDDC will be, I don’t think they would have even asked for it.”
He noted that over the years, various National Assembly committees on NDDC hah failed to provide sufficient direction that would make the commission focus on its core mandate of developing the region.
Wike said some politicians have transformed the NDDC into a cash cow for the prosecution of sinister political agenda.
To buttress this, he accused the commission of spending N10billion to unseat him from office, but added that the scheme failed.
The governor urged the committee’s leadership to prevail on the management of the NDDC to embark on legacy infrastructure projects such as flyovers in the impacted states, and not waste resources on doing 50 or 100-metre roads.
“You, as the Senate Committee chairman, and that of the House Committee, you’re from the region too. You are supervising NDDC; so, why not sit down with them to know the legacy projects they want to carry out this year in the Niger Delta states. Tell them these are projects they must make sure they execute first.
“Rather than do that, you allow them do 50 or 100 meters’ road or a close that leads to someone’s house. What’s their business there?”, he asked.
The governor accused the Presidency, the National Assembly and the ruling party of aiding the gross inefficiency of the NDDC.
“The National Assembly is part of the problem of NDDC. The Presidency is part of the problem of NDDC, and the party in power is part of the problem of NDDC, whichever party it is. They don’t allow NDDC to perform. We too, in Niger Delta, are not allowing them to perform. We are enemies to ourselves.”
He noted how the ruling All Progressives Congress (APC) refused to endorse the amendment of the Electoral Act for fear that they would lose the 2019 General Election when it was the best thing to do for the country.
The governor also expressed displeasure over a senator who overstepped his immunity during plenary to demean a serving governor by calling him a ‘drunk’.
In his speech, Chairman of the Senate Committee on Niger Delta, Senator Peter Nwaoboshi, said they were in Government House, to assure Wike, as the host of NDDC, that the commission would be supervised to perform within its core mandate.
“As a committee, we are aware that you have some reservations with the NDDC based on your state’s previous relationship with them. We have come to assure you that with the people you have seen here, who are patriotic Nigerians, we will make sure that the aspirations and the aims of creating the NDDC would be achieved.
“We will do everything possible within the limits of the Constitution, through our oversight functions, for them to achieve their objectives.”
Nwaoboshi also commended the governor for having done well in providing security in Rivers State with NDDC benefiting from it.
He noted that Wike has become the strongest voice that has continued to speak truth to power at the risk of his political career.
“We say without fear of contradiction that you are the strongest voice in the Niger Delta region. You have always been courageous, even at the risk of your political career, to speak truth to power.”
“You have also advanced the interest of the people of the Niger Delta. That is why anybody visiting Niger Delta will have nothing but to come and see that courageous man that is bestriding the area like a colossus”, Nwaoboshi added.

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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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