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Meeting With Buhari: Saraki Fails Senators …Over Ali, Magu’
Strong indications emerged yesterday that the face- off between the Senate and the Presidency may not be over soon, in spite of the meeting President Muhammadu Buhari had with Senate President, Bukola Saraki, and House of Representatives Speaker, Yakubu Dogara, on Monday.
Also yesterday, Chairman of the Presidential Advisory Committee Against Corruption (PACAC), Prof Itse Sagay, asked the Senate to withdraw the resolution summoning him.
The Tide gathered that many senators are peeved that none of the issues responsible for the face-off was discussed at the meeting. The Senate entered a closed session at 11.35 am where salient issues were discussed and the lawmakers came out at 12. 32pm.
Soon after the meeting, Senate President Saraki, who noted that issues affecting the country in general and the Senate in particular were discussed, asked if that was the true reflection of what transpired and his colleagues agreed with him.
However, a source told newsmen that Saraki, while giving a report of the meeting he had with President Buhari, told them that the meeting centred around the quick passage of the 2017 Appropriation Bill and the immediate screening of two ministerial nominees forwarded last week.
Saraki was said to have told the senators that the President at the meeting, pleaded that the legislative arm should put behind it any perceived frosty relationship and pass the budget in the overall interest of the country.
It would be recalled that President Muhammadu Buhari had on December 14, 2016, presented the budget of N7.289 trillion to a joint session of the National Assembly.
It would also be recalled that as part of moves for early passage of the 2017 budget, the Senate had, after three days of robust debate on the general principles of the 2017 Appropriation Bill submitted by President Buhari on Thursday, January 26, suspended plenary for three weeks to enable the committees carry out a holistic work on the budget.
At the executive session yesterday, Saraki told his colleagues that President Buhari also pleaded with them to urgently screen and confirm the two ministerial nominees, Prof. Stephen Ocheni from Kogi State and Suleiman Hassan from Gombe State.
According to the source at the meeting, soon after the Senate President rounded off his briefing, some of the senators got angry.
Their anger was said to have been propelled by the fact that the Senate President did not discuss with the President issues relating to the resolutions reached on Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, who they rejected twice and asked for a fresh nominee, which the President is yet to do and Magu is still acting.
The source added that the senators were not happy that at the parley with Buhari, Saraki failed to raise the resolution of the Senate which asked the President to urgently sack the Comptroller- General of Nigeria Customs Service, NCS, Col. Hameed Ali (retd), who they declared unfit to hold public office.
The senators also expressed annoyance over refusal of the Senate President to raise the issue of the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, who the Senate had urged the President to caution against interfering with the functions of the National Assembly.
The senators were also said to have been peeved over comments made by the chairman, Presidential Advisory Committee against Corruption, Professor Itse Sagay, SAN, and wondered why the Senate President did not raise the issue with the President.
Consequently, some of the senators, especially those of Peoples Democratic Party, PDP, stormed out of the chambers with anger boldly written on their faces.
It would be recalled that the Senate had, penultimate Tuesday, suspended for two weeks confirmation hearing on 27 Resident Electoral Commissioners, REC of the Independent National Electoral Commission, INEC, nominated by President Buhari.
According to the senators, the two-week suspension was to enable the Senate President meet President Buhari to discuss issues relating to Ibrahim Magu’s continued stay in office as acting chairman of EFCC, which senators considered an affront to the Senate.
Meanwhile, constituents and supporters of Senator Ali Ndume, yesterday, stormed the National Assembly to register their grievances over last week’s suspension of the senator and gave Senate President Saraki a three-day ultimatum to reverse the decision or face more protests.
The protesters, who started their action around 7:30am when workers were resuming for work, barricaded the main entrance gate to the legislative house, thereby causing human and vehicular traffic snarl on the road leading to the complex.
To prevent some of them from entering the complex, security men took strategic positions while workers were redirected to pass through the entrance gate of the Office of the Secretary to Government of the Federation, SGF.
The protesters, whose action caused inconveniences to workers and early morning visitors, accused Senate President Saraki of masterminding the action against the Borno South senator and asked that the Senate President be removed.
The protesters, who came under different groups, including Internally Displaced Persons, were singing pro-Ndume songs, wielding placards with different inscriptions such as “Ndume again Insha Allah”, who is afraid of Ibrahim Magu?” and ‘’Stop undermining PMB” among others.
A leader of one of the groups, Mr Joseph Okwuama, told newsmen that if the lawmaker was not recalled, they would stage several protests across the Federal Capital Territory for seven days.
Okwuama, National Coordinator, All Progressives Congress Movement, said the suspension of Ndume was uncalled for. He said: “We are talking about corruption in the country.
As Nigerian youths, we have to work together in support of the anti-corruption war. Corruption is not all about money. What the National Assembly did is corruption.
The suspension of Ndume is corruption. Ndume’s suspension did not follow due process.
The man did not do anything. We are giving the National Assembly three days and if they refuse, Nigerians will go to the streets of Abuja and protest for one week.” Muhammad Tanko, leader of indigenes from Borno South, Ndume’s constituency, said the constituency could not afford lack of representation for six months, adding:
“The suspension of our senator for six months by the Senate is illegal when the constitution allows for suspension of only 14 days. Saraki must go.
He knows what Ndume did for him before he became President.” Naima Sale, wife of the Chairman, IDPs in Karama Jiji camp in the Federal Capital Territory, said the lawmaker had been of help to internally displaced persons and should not be made to suffer for nothing.
Senator Ndume was suspended, last Wednesday for asking the Senate to investigate allegations of fake Customs papers and certificate forgery against senators Bukola Saraki and Dino Melaye, APC, Kogi West.
However, the Senate,in line with recommendations of its Committee on Ethics, Privileges and Public Petitions, who was mandated to probe the allegations, cleared the duo and slammed Ndume with a six-month suspension.
Meanwhile, Prof Itse Sagay, asked the Senate to withdraw the resolution summoning him. The Senate had, penultimate week, summoned Sagay over some comments he made castigating some lawmakers.
He averred that though he had not been served with any summons, he deemed it fit to join issues with the Senate over the threatened violation of his fundamental rights to freedom of expression, adding the Senate’s power to conduct enquiries “is not at large.”
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.”