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Reps In Rowdy Session Over Buhari’s June 12 Declaration …As Senate Directs INEC To Announce 1993 Polls Results

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The House of Representatives was in commotion, yesterday, as members disagreed over President Muhammadu Buhari’s decision to declare June 12 as Nigeria’s Democracy Day.
While some lawmakers supported the move, others asked the president to rescind his decision.
Other lawmakers also kicked against the honour given to the acclaimed winner of the June 12, 1993 presidential election, Moshood Abiola.
Some lawmakers who also spoke on the issue said there was need to ensure the rule of law was followed regarding the matter, while others spoke in favour of the president’s decision.
Also, the Senate, yesterday, gave President Muhammadu Buhari three conditions for which the posthumous award he recently accorded late MKO Abiola, the acclaimed winner of June 12, 1993 presidential election would not be considered a Greek gift.
It would be recalled that Abiola contested the annulled poll under the Social Democratic Party, SDP.
This resolution followed an adopted order 42 and 52 raised by Senator Biodun Olujimi representing Ekiti South Senatorial District.
In her words, “Mr. President, my distinguished colleagues, I want to thank Mr. President for the feat he scored yesterday by posthumously honouring late MKO Abiola for winning the annulled 1993 presidential election.
“To make good his intentions, Mr. President should ensure the release and declaration of the annulled results of the poll by the Independent National Electoral Commission, INEC. Also, Abiola’s family should be paid reparations and all other entitlements due to him as former President of the Federal Republic of Nigeria. And that Ambassador Babagana Kingibe should be recognised henceforth as former Vice President of Nigeria and be paid his accompanying entitlements.”
However, the lawmakers have agreed to the submission by the deputy Senate President, Ike Ekweremadu, saying that for the award to be real, it must be backed by constitutional amendment.
The Senate similarly asked the Independent National Electoral Commission (INEC) to announce the results of the June 12, 1993 presidential election.
The Senate made the request, yesterday during plenary.
President Muhammadu Buhari had on Wednesday declared June 12 to replace May 29 as Democracy Day, in honour of late MKO Abiola, the presumed winner of the election.
Buhari said that June 12 was more symbolic than May 29 and also conferred a posthumous GCFR title on Abiola.
A Second Republic lawmaker, Junaid Mohammed, yesterday, lambasted President Muhammadu Buhari for declaring June 12 as the new Democracy Day and posthumously awarding Chief M.K.O. Abiola, Grand Commander of the Federal Republic (GCFR).
Mohammed maintained that Buhari’s recognition of Abiola at a time elections were close was “deceitful”.
Speaking with newsmen, the former lawmaker stressed that Buhari’s “sinister antics” was aimed at amassing votes from the South-West in 2019.
The fierce critic of the current administration said Buhari should be, “ashamed of himself” for waiting till 2018 before correcting a past “injustice.”
According to Mohammed, “This is deceitful politics, Buhari is doing that in anticipation of the forth coming election in 2019 but those who know him like I do will tell you that he has never respected or admired Abiola. So doing this now shows that he is so desperate and is prepared to do anything deceitful and dishonourable to motivate votes.
“Buhari has no other arithmetic because the bulk of the votes Abiola got did not come from the South West, they came from the North and the East, so he thinks this action is the master’s stroke that will win him the election but he is mistaken.
“Nigerians are smart enough to see through this deceitful antics, Buhari was one of those against Abiola. To confirm this deceit, he took a traitor of Abiola, Babangana Kingibe to honour him too.
“I don’t understand why anybody who was familiar with that election will honour Abiola and Kingibe, who is a traitor never known to be loyal to anybody than himself.
“As we speak, Kingibe is an employee of the Presidency and he is part of the cabal, so this is sinister because 2019 is around the corner.
“Buhari has been in power since 2015, he didn’t remember to rectify an injustice but only now that elections are coming that he remembered to do so, he should be ashamed of himself.”
Daughter of the late MKO Abiola, Mrs Hafsat Abiola-Costello hailed the declaration of June 12 as Democracy Day by the Federal Government.
Abiola-Costello, in a statement, yesterday, in Lagos, said the declaration had ended the family’s long wait for government to recognise their father.
She described the declaration as succour and triumph of justice after 20 years of waiting.
She thanked Buhari for recognising their father at last, praying for “more days of triumph of justice over injustice”
Also, the leader of Afenifere, Chief Ayo Adebanjo said that the declaration though belated was a welcome development.
He, however, urged the government yields calls for the restructuring of the country as that was what June 12 stood for.
“Although belated, it is a welcome development, but we believe that the June 12 struggle stands for restructuring of the country and that is what we want the government to do”, he said.
Reacting to the new development, Ekiti State Governor, Ayodele Fayose, took to his Twitter page, noting that the greatest honour by Buhari would be to conduct free and fair elections even as he commended him.
“MKO Abiola is worthy to be honoured and we in Ekiti honoured him with a public holiday on June 12, 2017, we will do it again this year.
“However, the greatest honour anyone can bestow on MKO Abiola is total respect for the rule of law and conduct of free, fair & credible elections,” Fayose wrote.
The Muslim group, in a statement by its Director, Prof Ishaq Akintola, said the recognition of June 12 as democracy has quenched their grievances towards the marking Democracy Day on May 29 by previous regimes, adding that celebration of democracy on May 29 was fraudulent and that June 12 was far more truly symbolic of Democracy in the Nigerian context.
Akintola further called on Buhari to also honour Ken Saro Wiwa even as he commended the tireless struggles of Gani Fawehinmi and other SANs, including Femi Falana and Beko Ransome Kuti.
“Yet like Oliver Twist, MURIC will ask for more from the father of this great nation, President Muhammadu Buhari. The declaration of June 12 as Democracy Day will definitely heal wounds and we appeal that another giant step should be taken to heal more wounds. We are referring to the case of Ken Saro Wiwa, the environmental activist of the Niger Delta. His case still hurts the Ogoni people in particular and the Niger Delta region in general.
“We in MURIC believe that the killing of Ken Saro Wiwa was extra-judicial, unlawful, illegitimate and unconstitutional. Ken was murdered in his prime before his appeal was due. His killing was one of the unwise and unpatriotic actions taken by the military to fuel the hatred of one Nigerian ethnic group for another. We appeal to Mr. President to review his case, grant him presidential pardon, compensate his family adequately and give him a posthumous award of no less a status than the one given Gani Fawehinmi.
But the Peoples Democratic Party said the national honour proposed to be conferred on the acclaimed winner of June 12, 1993, Chief MKO Abiola, by President Muhammadu Buhari, smacks of hypocrisy and political desperation ahead of 2019 presidential election.
PDP said that President Buhari’s action merely sought to use the name and person of Abiola to gain a political capital and not out of genuine reverence and recognition for him.
In a statement issued in Abuja and signed by its National Publicity Secretary, Mr Kola Ologbondiyan, the party recalled that President Buhari, who was serving in the military administration of General Sani Abacha during the travails of Abiola, did not associate either by words or actions with the late winner of June 12election.
Ologbondiyan further stated that history did not record President Buhari as sympathetic to the Abiola’s family when his wife, Kudirat, was gruesomely murdered by the agents of a government which President Buhari served.
He said: “It is, therefore, a sign of political desperation for President Buhari to seek to use Chief Abiola’s name as a tool to sway Nigerians in less than twelve months to an election where he, (President Buhari) is seeking a second term.
“It is also shocking that the respectable grave of Abiola can be dishonoured by granting a posthumous award on him along with someone who denounced the June 12 mandate and preferred the company of his (Abiola’s) traducers”.
Buhari had last Wednesday announced that Democracy Day would henceforth be celebrated on June 12 of each year.
The president said after due consultations, the Federal Government has decided that henceforth, June 12 would be celebrated as Democracy Day.
A statement signed by the president said for 18 years, Nigerians had been celebrating May 29 as Democracy Day, saying that was the date when for the second time in Nigeria’s history, an elected administration took over from a military government, adding that the first time was October 21, 1979.
“But in the view of Nigerians, as shared by this administration, June 12th, 1993, was far more symbolic of democracy in the Nigerian context than May 29th or even the October 1st.
“June 12th, 1993 was the day when Nigerians in millions expressed their democratic will in what was undisputedly the freest, fairest and most peaceful election since our independence. The fact that the outcome of that election was not upheld by the then military government does not distract from the democratic credentials of that process.
“Accordingly, after due consultations, the Federal Government has decided that henceforth, June 12th will be celebrated as Democracy Day. Therefore, government has decided to award posthumously the highest honour of the land, GCFR, to late Chief MKO Abiola, the presumed winner of the June 12th, 1993 cancelled elections.
“His running mate as Vice President, Ambassador Babagana Kingibe, is also to be invested with a GCON. Furthermore, the tireless fighter for human rights and the actualisation of the June 12th elections and indeed for democracy in general, the late Chief Gani Fawehinmi, SAN, is to be awarded posthumously a GCON,” he said.

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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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17 Million Nigerians Travelled Abroad In One Year -NANTA 

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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.”

 

 

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