Business
ICAN Urges IFCN To Uphold Transparency
Prof. Francis Ojaide, President of the Institute of Chartered Accountants of Nigeria (ICAN), on Saturday advised members of the Institute of Finance and Control of Nigeria (IFCN) to uphold transparency.
Ojaide made the call while addressing newsmen after a condolence visit to IFCN Headquarters on the death of the
IFCN President, Dr Egai Nimiye, in Lagos.
Ojaide described the death of Nimiye as a great loss to Nigeria.
He described Nimiye as an amicable Nigerians who fought for the control of Federal Government expenditure and limitation to external borrowing.
“I recalled that Nimiye while addressing participants at the Chartered Institute of Taxation (CITN) Conference held in April, 2011 in Abuja, urged the government in partnership with the Federal Inland Revenue Service (FIRS) to ensure that taxes generated were efficiently utilised.
“Our taxes if properly structured and administered, would create a situation where there would be no need for external borrowing,” he said.
Nimiye died on Aug. 12, during a brief illness at the Braithewaite Memorial Hospital (BMH) in Port Harcourt.
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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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