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Buhari’s Govt, Threat To National Unity …Party Confirms Receipt Of Resignation Letter – Atiku

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Former Vice President, Atiku Abubakar has written the ruling All Progressives Congress (APC), intimating the party of his decision to quit.
Though the letter was dated October 18, 2017, the national leadership of the party had last Friday denied receiving any such notice from the former vice president.
In the letter, Atiku said his decision to quit the ruling party was not about him but about the future of the country as a democratic entity.
“I am unable to reconcile myself with the dismal performance of the party in government, especially in relation to the continued polarisation of our people along ethnic and religious lines, which is threatening our unity more than any other time in the recent past and the unbeatable hardship that our people are currently undergoing”, he stated.
Addressed to the party’s ward chairman in his Jada 1 Ward, Jada Local Government, Adamawa State, Atiku in the letter said he was disturbed by the dismal performance of the APC, describing the President Muhammadu Buhari-led administration as a threat to Nigeria’s unity due to its penchant for polarising Nigerians along ethnic and religious lines. In the resignation letter acknowledged by Usman Muazu, a copy of which was obtained by The Tide correspondent, the Wazirin Adamawa said; “I wish to inform you of my decision to resign my membership of the All Progressives Congress APC in this ward with effect from the date of this letter.” Atiku said there has to be a country first before politicians can aspire to lead it.
“I am resigning from a party we formed and worked so hard, with fellow compatriots across the country, to place in government. I had hope that the APC government will make improvements to the lives of our people and the continued existence and development of Nigeria as one indivisible nation.
This hope has now been dashed. “As I said in 2006, it is the struggle for democracy, constitutionalism and service to my country and my people that are driving my choice. Let me emphasise again that this is not about me.
We have to have a country before people can aspire to lead it,” he said. He expressed optimism that APC followers in the state would soon join him in the bid to “defeat impunity and restore vision and purpose” to Nigeria’s politics.
“While wishing you well, let me express the hope that in the near future, a substantial number of you will join forces with us to once again defeat impunity and restore vision and purpose to the politics of our great country. Please accept the assurances of my highest regard.”
Atiku had last Friday resigned from the APC citing the pervading undemocratic atmosphere in the party among other issues as reasons for his decision.
Meanwhile, the Adamawa State chapter of All Progressives Congress (APC) has confirmed the receipt of the resignation letter of former Vice President, Alhaji Atiku Abubakar.
The state Secretary of APC, Saidu Nera confirmed the development, yesterday to newsmen in Yola.
Nera said he had yet to get the letter, but the party officials of Jada 1 Ward in Jada Local Government Area where Atiku registered had told him that they had received the letter.
Similarly, the former Vice President, who, last Friday, announced his decision to leave APC, has arrived in Yola where he is now engaged in a series of meetings with the Peoples Democratic Party officials at all levels who keep trooping to his house to woo him back into the party.
Our source reports that the former vice president has, so far, met with Adamawa PDP executives at all levels, as well as state chairmen from the six states that comprise the North-East, including the national vice chairman, North-East of the party.
Commenting on the meeting between Atiku and the state executives of PDP, the state Secretary of PDP, Abdulllahi Prambe said the meeting was ‘fruitful.’
“Our meeting with him has been fruitful and from his body language, he will soon return to PDP,” Prambe said.
Prambe said that it would be a big boost to the party at the state and national levels when Atiku finally returns.
“With Atiku, the party will carry more weight and more people will also troop in,” Prambe said.
When contacted on the development, Atiku’s spokesman, Mr. Paul Ibe declined to comment.

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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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