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Olukoyede Exposes ₦500 Million Gift Scandal: Why He Refused Money Sent During Mother’s Burial
Olukoyede Exposes ₦500 Million Gift Scandal: Why He Refused Money Sent During Mother’s BurialOlanipekun Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has revealed why he returned a total of ₦500 million in cheques and drafts sent to him by several high-ranking government officials during his mother’s funeral in 2019.....KINDLY READ THE FULL STORY HERE▶
Speaking at the 38th Anti-Corruption Situation Room in Abuja, Olukoyede explained that the gifts were from ministers, permanent secretaries, directors, and other prominent figures. He emphasized that, due to his role at the EFCC, accepting such gifts could have led to complications and jeopardized his integrity.
The EFCC boss further elaborated that had the funds been deposited in his bank account, it could have raised doubts about his impartiality while investigating the very people who sent the gifts. Olukoyede underscored the importance of ethical behavior, particularly for someone in his position, stating that maintaining transparency is essential to fighting corruption.
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West African Tax Institutes Under Nigerian Leadership for the Next Two Years
Nigeria has officially assumed leadership of the West African Union of Tax Institutes (WAUTI) for the next two years, following the election of Mr. Samuel Agbeluyi, President of the Chartered Institute of Taxation of Nigeria (CITN), as the President of the Union. This significant development took place during the 11th Annual General Meeting of WAUTI held on February 27, 2025, in Accra, Ghana.....KINDLY READ THE FULL STORY HERE▶
WAUTI, which comprises National Tax Institutes/Associations from ECOWAS member states, is committed to enhancing tax professionalism, improving tax compliance, and streamlining tax administration within the region. With Nigeria at the helm, WAUTI aims to further its vision of harmonizing tax practices across West Africa, fostering a transparent and equitable taxation system that boosts economic growth and compliance.
In his acceptance speech, Agbeluyi expressed his gratitude for the opportunity to lead the organization, vowing to collaborate closely with fellow executives and stakeholders to advance the Union’s objectives. He highlighted his commitment to working on regional partnerships that will support professionalism in the tax systems of WAUTI’s member states.
Agbeluyi’s vast experience, which includes serving as the Honorary Treasurer and 2nd Vice President of CITN, has positioned him well for this new role. He is also a distinguished member of various prestigious bodies, such as the National Institute for Policy and Strategic Studies (NIPSS), and has earned numerous accolades in the field of taxation.
In addition to Agbeluyi’s election, other members of WAUTI’s Executive for the 2025-2027 tenure were also selected, including the re-election of Mr. Innocent Ohagwa, CITN’s current Vice President, as the Honorary Treasurer. This marks the beginning of a new era of regional cooperation in tax administration under Nigerian leadership.
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