Politics
Nivo News Confirms FCT-IRS Record Breaking-N203 Billion Generated In First Seven Months Of 2023 (Details)
The Federal Capital Territory Internal Revenue Service has reported a substantial increase in revenue generation, revealing that it amassed approximately N203 billion in 2023, marking a notable 63% surge from the N124 billion recorded in 2022…..CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

Haruna Abdullahi, the Acting Chairman of FCT-IRS, made this disclosure during a press conference in Abuja on Wednesday. He also shared the service’s ambitious target of generating around N250 billion in 2024.
Earlier reports from Nivo News indicated that the Service had already generated N98.5 billion within the first seven months of 2023, surpassing the N65.7 billion collected during the same period in 2022.
Abdullahi highlighted the significant growth in FCT’s tax revenue collection, which escalated from N46 billion in 2017 to N124 billion in 2022, representing a remarkable 270% increase. He expressed confidence in reaching the N250 billion target with the collaborative efforts of FCTA staff, the National Assembly, and other essential stakeholders.
He stated, “For the year 2024, FCT-IRS has a target of N250 billion (Two-hundred and Fifty Billion Naira), we are determined and optimistic that we will realize and surpass that, with the committed and dedicated staff of the service, support from the FCT Administration, the National Assembly, and other key stakeholders, including our esteemed taxpayers, it is achievable, and the task ahead is surmountable.”
Abdullahi emphasized the growth of the taxpayer base in the FCT, which expanded from 543,969 individuals and 284,746 non-individuals in 2015 to 1,108,162 individuals and 389,981 non-individuals in 2023.
He also outlined plans for the enforcement of tax compliance, including the verification of Tax Compliance Certificates as a precondition for services in the FCT. Additionally, the FCT-IRS will implement penalties for non-filing of annual returns and intensify reassessment activities to ensure tax compliance. Abdullahi warned of potential legal actions against tax offenders and affirmed the commitment to recovering all taxes owed to the FCT.
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The Iron Fist Strikes! Army Forces Crush Notorious Criminal Network In Dramatic Imo Sweep!.
The Nigerian Army’s 34 Artillery Brigade, operating under the Joint Task Force South East, Operation UDO KA, recently conducted a successful raid in Imo State that resulted in the arrest of a suspected logistics coordinator and armourer linked to attacks on security personnel and oil infrastructure.....KINDLY READ THE FULL STORY HERE▶
Key highlights from the operation include:
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Operation Details: On the morning of July 1, 2026, troops executed a targeted search-and-raid mission along the Akpe Aggah-Egbema Forest axis, leading to the suspect’s apprehension in Obiakpu Forest.
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Suspect’s Role: Preliminary investigations identify the individual as a principal armourer and logistics lead for a criminal group active in the Ohaji-Egbema area.
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Recovered Items: The military seized a significant cache of weaponry, including one AK-47 rifle, one M4A1 carbine, one M16A2 rifle, six magazines, five pump-action guns, one locally-made pistol, and a large volume of assorted ammunition.
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Strategic Impact: This operation is viewed as a major disruption to the criminal network’s operational capacity, with military officials expecting the suspect to provide intelligence that will help identify and apprehend remaining syndicate members.
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Security Commitment: The Army remains committed to ongoing offensive operations against criminal elements and has urged the public to continue providing actionable intelligence to support these security efforts across the South-East.
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Legal Showdown! Femi Falana Steps In To Defend Man Accused Of Forging President Tinubu’s Appointment Letter!.
Human rights lawyer Femi Falana (SAN) has taken on the defense of Prince Adeniyi Adeyemi, who faces an eight-count federal charge involving conspiracy, forgery, impersonation, and the use of falsified presidential documents. Adeyemi, who claims to be the Director-General of the Presidential Foreign Intervention Promotion Council, had previously alleged that Femi Gbajabiamila, the Chief of Staff to the President, solicited hundreds of millions of naira in bribes regarding his appointment.....KINDLY READ THE FULL STORY HERE▶
Key aspects of the case include:
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Government Stance: The Presidency and various security agencies, including the Office of the National Security Adviser and the Nigeria Police Force, state that Adeyemi was never appointed by President Bola Tinubu and that the council he claims to lead is non-existent.
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Forgery Allegations: The prosecution claims Adeyemi, along with two associates who are currently at large, forged presidential appointment letters, official letterheads, and other State House documents to create a facade of authority.
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The Investigation: The case began after the Office of the Chief of Staff petitioned the police regarding discovered forged letters. Following Adeyemi’s arrest in October 2025, authorities reported recovering various incriminating documents and found that he maintained 34 bank accounts, including one opened at the Central Bank of Nigeria under the name of the purported council.
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Conflicting Accounts: While Adeyemi previously told investigators that an individual named Dolapo Babatunde Tanimola obtained his appointment letter, police investigations confirmed that Tanimola is deceased. Adeyemi continues to challenge the findings, urging for an independent probe and forensic examination of the documents in question.
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Show Us The Money! Atiku Demands Full List Of ₦501 Billion Power Bond Beneficiaries In Massive Transparency War!.
Presidential candidate of the Nigeria Democratic Congress (NDC), Atiku Abubakar, has called on the federal government to publicly disclose the beneficiaries of the ₦501 billion bond issued to clear debts owed to electricity generation companies (GenCos). This demand follows reports from the Association of Power Generation Companies (APGC) that the bond funds have not been fully disbursed, despite earlier government assurances.....KINDLY READ THE FULL STORY HERE▶
In a statement released by his special assistant on public communication, Phrank Shaibu, Atiku referenced the recent disclosure by APGC CEO, Dr. Joy Ogaji, that the federal government still owes GenCos approximately ₦6.5 trillion. Atiku described Ogaji’s comment—liking the token payments to “rubbing oil on a crying child’s mouth to imply that he had eaten”—as a perfect reflection of the current administration’s approach: “grand announcements, impressive figures, glossy headlines, and very little substance.“
Atiku characterized the situation as a “crisis of credibility,” questioning why the public is repeatedly asked to celebrate fresh borrowing to resolve problems the government claims it already solved. He challenged the administration to publish a detailed breakdown of all payments made under the ₦501 billion bond, including:
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The names of all GenCos that received payments.
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The specific amounts paid to each beneficiary.
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The dates of these transactions.
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The outstanding balances still owed.
Furthermore, the former vice-president accused the Tinubu administration of relying on “ceremonies” and “headlines” of borrowing rather than addressing the root issues in the power sector. He called for a comprehensive public audit of all power sector intervention funds by oversight bodies, including the National Assembly and the Auditor-General of the Federation.
“Nigerians deserve to know precisely how much has been borrowed, how much has been disbursed, who received the money, and why the debts continue to rise despite repeated claims of settlement,” Atiku stated, emphasizing that public money cannot “disappear into official press statements.“
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