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Tai Rerun: Stakeholders Slam INEC …Banigo Seeks NASS Intervention
Reactions from stakeholders in Rivers State have continued to trail the Tuesday’s remarks by the Independent National Electoral Commission (INEC), Resident Electoral Commissioner in Rivers State, Elder Aniedi Ikoiwak, that results of the March 19 rerun elections in Tai Local Government Area remain valid.
The Tide reports that the Chairman, Rivers State Chapter of Peoples Democratic Party (PDP), Felix Obuah, and the Publicity Secretary, Samuel Nwanosike, had immediately after the remarks, criticised what they described as INEC’s relentless attempts to disrupt the peace and stability of the state through the release of March 19 rerun election results for Tai Local Government Area.
In a swift reaction, the Peoples Democratic Party (PDP) Campaign Organization in Tai Local Government Area, kicked against INEC’s insistence that results of the March 19 rerun elections in Rivers State remain valid.
The Director General of We Must Win Campaign, Gideon Deemor, in a chat with newsmen, challenged INEC to show proof of when it lifted the suspension of the election following alleged violence and irregularities that marred the election.
Deemor said the people of Tai will not accept attempts by INEC to allocate votes to the APC illegally.
He reminded INEC that there was a subsisting court order restraining the commission from announcing the result of Tai in the March 19 rerun elections.
Also reacting, the immediate past Chairman, Caretaker Committee of Tai Local Government Area, Perkins Kelo, called on the people of Tai to remain peaceful and law- abiding despite statements by INEC Resident Electoral Commissioner, Aniedi Ikoiwak, confirming the validation of election in the area.
Kelo reminded Ikoiwak that the issue bordering on the Tai election was before a court of competent jurisdiction.
He said the people of Tai must be allowed to exercise their franchise.
It would be recalled that the Independent National Electoral Commission (INEC) has insisted that the results of Tai in the March 19 rerun elections remain valid.
The INEC Resident Electoral Commissioner in Rivers State, Elder Aniedi Ikoiwak, told newsmen in his office in Port Harcourt, that the law does not allow the commission to cancel any election that had been done at the polling units.
Ikoiwak, however, admitted that INEC in Rivers State initially suspended the election in Tai but said the ratification of the Tai election by INEC’s National Commissioner in charge of Operations, Amina Zakari, was lawful.
He further explained that the commission was always neutral in its actions, adding that it was time Nigerians began to show faith in institutions of government.
Meanwhile, as the National Assembly resumes from its recess to face legislative business this week, Rivers State Deputy Governor, Dr. Ipalibo Harry Banigo has called on the national lawmakers to prevail on the Independent National Electoral Commission (INEC) to come out with a definite date and clean blue print for the conduct of a free and fair rerun elections in Rivers State tentatively slated for October by INEC to save the state from seemingly orchestrated political victimisation.
In a statement, Banigo said it is sad, provocative and a constitutional breach for INEC to relish in lackadaisical disposition and statements that portray it as being unserious, inept and overwhelmed in conducting election in Rivers State.
The deputy governor wondered why it is only one opposition party out of 30 registered political parties in the state that is not complaining about the endless and teleguided postponement, describing the inaction of INEC as a demonstration of incompetence and a dangerous trend to the sustenance of the democratic process.
She regretted that under the current leadership of INEC, the country now has infamous legacies of inconclusive and needless postponement of elections since the exit of Professor Attahiru Jega.
Banigo urged the National Assembly to invite INEC for interrogation over their inability to conduct rerun elections in the state.
Meanwhile, a pro-Peoples Democratic Party (PDP) group, Grassroots Development Initiative (GDI), has threatened to petition the international community, if the Independent National Electoral Commission (INEC) fails to conduct legislative rerun elections in Rivers State proposed for October.
The President General of GDI, Bright Amaewhule, who issued the threat while speaking with newsmen in Port Harcourt, added that the group will no longer accept further postponement of the legislative election.
He complained that the people of the various constituencies where elections have not been concluded in Rivers State are being denied representation at the national and state assemblies.
Amaewhule said PDP may be forced to take to the streets, if the elections do not hold in October.
The GDI president general warned that the frequent postponement of elections in Rivers State over alleged insecurity will no longer be accepted.
Josephine Atagana
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.”
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.
The National Association of Nigerian Travel Agencies (NANTA) said over 17 million Nigerians travelled out between 2023 and 2024.
This is as the association announced that it would be organising a maiden edition of Eastern Travel Market 2025 in Uyo, Akwa Ibom State capital from 27th to 30th August, 2025.
Vice Chairman of NANTA, Eastern Zone, Hope Ehiogie, disclosed this during a news briefing in Port Harcourt.
Ehiogie explained that the event aims to bring together over 1,000 travel professionals to discuss the future of the industry in the nation and give visibility to airlines, hospitality firms, hospitals and institutions in the South-South and South-East, tagged Eastern Zone.
He stated that the 17 million number marks a significant increase in overseas travel and tours.
According to him, “Nigerian travel industry has seen significant growth, with 17 million people traveling out of the country in 2023”.
Ehiogie further said the potential of tourism and travel would bring in over $12 million into the nation’s economy by 2026, saying it would be a major spike in the sector, as 2024 recorded about $4 million.
“The potential of tourism and travel is that it can generate about $12 million for the nation’s economy by 2026. Last year it was $4 million.
“In the area of travels, over 17 million Nigerians traveled out of the country two years ago for different purposes. This included, health, religious purposes, visit, education and others,” Ehiogie said.
While highlighting the potential of Nigeria’s tourism, he said the hospitality industry in Nigeria has come of age, saying it is now second to none.
The Vice Chairman of NANTA, Eastern Zone further said, “We are not creating an enabling environment for business to thrive. We need to support the industry and provide the necessary infrastructure for growth.”
He said the country has a lot of tourism potential, especially as the government is now showing interest in and supporting the sector.
Ehiogie emphasized that NANTA has been working to support the industry with initiatives such as training schools and platforms for airlines and hotels to sell their products.
He added, “We now have about four to five training schools in the region, and within two years, the first set of students will graduate. We are helping airlines sell tickets and hotels sell their rooms.”
Also speaking, former Chairman of the Board of Trustees of NANTA, Stephen Isokariari of Dial Travels, called for more support from the industry.
Isokariari stated, “We need to work together to grow the industry and contribute to the nation’s Gross Domestic Product.
“With the right support and infrastructure, the Nigerian travel industry has the potential to make a significant contribution to the nation’s economy.”