Business
Reps Indict NPA Over N70bn Tax Evasion
The House of Representatives Committee on public accounts has indicted the Nigeria Ports Authority (NPA) of tax evasion to the tune of about N70 billion spanning between 1999 and 2009.
The committee’s indictment is coming as the Chairman of Federal Inland Revenue Service (FIRS), Ifueko Omoigui- Okauru, has sought for defence from NPA. The indictment was the fallout of an interactive session between the House Committee and FIRS boss.
A source close to the committee chairman told The Tide that the committee as in receipt of documents and was ready to probe the matter.
The committee, it was learnt wants more documents on all taxes being owned by the Nigeria Ports Authority to FIRS totaling about N70 billion for the last 10 years.
Details of the alleged tax evasion were not made available to The Tide, although it was confirmed that the FIRS met with the law makers with the intention of making NPA to clear their debt owned.
In another development, the NPA amendment bill when passed into law is expected to address critical issues concerning port concessioning.
Stakeholders and private operators have expressed worry that the present NPA regulatory law does not adequately provide cover for the transactions leading into the concessioning of the nation’s seaports.
A source at National Assembly revealed that the draft amendment bill proposes to increase the directorates in the authority to reflect its role as well as fine-tune the fiscal provisions of the ports act.
It also hopes to empower NPA for port acquisition through purchase, in order to beat the land allocation constraints contained in the land use act even as the bill seeks to empower NPA to promote and regulate private port developments and off-dock facilities among others.

A cargo ship in flames at the NPA wharf in Port Harcourt. Photo: King Osila
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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