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Tax ID Confusion Sparks Fear Ahead Of January 2026 Reforms, Oyedele Explains.
According to Nivo News, Taiwo Oyedele, chairman of the Presidential Fiscal Policy and Tax Reforms Committee, has attributed the widespread anxiety over Nigeria’s upcoming tax reforms to a lack of public awareness. Speaking to the media over the weekend, Oyedele explained that many Nigerians are encountering aspects of the tax system for the first time.....KINDLY READ THE FULL STORY HERE▶
He noted that much of the information regarding Tax Identification Numbers (TIN), Taxpayer Identification Numbers, and the monthly reporting requirements on individual bank accounts has long been established in the 2020 Finance Act.
Oyedele emphasized that misconceptions about the new law are fueling panic. “Because the level of tax awareness in Nigeria is so poor, people are finding out so many things for the first time. They just assume that the new tax law is introducing them. This one is actually not,” he said.
He further clarified that no bank, government agency, or private body has the authority to arbitrarily withdraw funds from individuals’ accounts. Oyedele explained the legal process for unpaid taxes, noting that it involves written notices, assessments, and judicial review, rather than immediate deductions.
“Even if you have N1 billion in the account, nobody can debit your bank account. The law includes what we call power of substitution. In some countries, this is referred to as a garnishee order,” he added.
Oyedele’s remarks come amid growing uncertainty as the January 2026 implementation of the 2025 Nigeria Tax Administration Act approaches. He reiterated that all taxable Nigerians must possess a valid tax ID to operate their accounts legally.
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“YOU DESERVE IT!” Inside The Heated Clash Between Governor Adeleke And His Disappointed Followers!.
Reactions have continued to trail recent alarm raised by the Osun State Governor and the Accord Party candidate for the August 15 gubernatorial election over alleged violence against his supporters.....KINDLY READ THE FULL STORY HERE▶
News reports that the governor had on Monday alleged that extrajudicial killings were occurring in the state, calling on President Bola Tinubu not to look away.
Adeleke, who spoke in Osogbo, the state capital, while addressing the governorship campaign rally of the Accord Party for Olorunda Local Government Area, posted a clip from the event on his X handle.
However, some of his followers stormed the comment section to remind the governor of his past mistakes of attempting to align with the president.
While urging him to face his fate and stop crying foul, the commenters ruled out any possible intervention from the president.
Here are some of the reactions on X.
@OlanFab: Adeleke deserves every treatment is getting from Tinubu. Someone is suffering your administration, doesn’t allow you control local government yet you said you must support him because of Tinubu you avoided joining any major opposition. Now it’s time for you to face your fate alone.
@yinka_george: Your Excellency @AAdeleke_01 the people you are contesting with do not care if you call Donald Trump, they want to win at all cost and set sun back to “good” old days of half salary. Please be a step ahead of them, if not O tilo. A word is enough Sir.
@omohdanny: He does not care if everyone is k^lled, you are appealing to a man who just told you that “all is fair in politics”. Mobilize your people as well “aura for aura” madness for madness “, you are fighting against a demonic and satanic establishment, how do you appeal to the devil?
@LanrexAfeez: Omoh this governor is frustrated. You shouldn’t have withheld osun security votes, that might have given you osun police but you fuck-up Na your people dey chop the money. Na there you loose guard your commands on osun police.
@SolomonPhi46310: You just need to work with seyi makinde and obi for tinubu not to return to power.
@OluwasegunAgbo7: Hold that you cuck. You openly endorsed the old, frail, geriatric megalomaniac. Go and cry elsewhere if you can’t uphold and supervise free fair and credible elections in the state where you’re the CSO.
entertainment
MONEY NO BE PROBLEM: King Ochacho Claims A ₦400 Million House Is Barely Scratching The Surface For Peller!.
Real estate mogul Mohamed Adah, widely known as King Ochacho, has dismissed his lavish ₦400 million wedding gift to internet personalities Peller and Jarvis as “small money,” asserting that it is negligible compared to what he and his family can afford.....KINDLY READ THE FULL STORY HERE▶
During a TikTok livestream on Monday—following the couple’s high-profile Lagos wedding—the Ochacho Real Homes founder revealed that the multi-million naira property was given as a reward for Peller’s good character.
“₦400 million is no money. ₦400 million is just ₦400 as far as Ice King, Money Man, Ochacho Real Estate is concerned. It’s small money to them,” Adah stated, expressing his belief that generosity is always rewarded by God with double.
Teasing even greater surprises ahead, the entrepreneur promised that the luxury mansion is merely the beginning of his generosity toward Peller.
“That house is going to be the smallest gift ever I’m going to give to Peller,” he declared. “The next one I’ll give to Peller, they will off light in this country. They shouldn’t worry. That house is going to be the smallest gift I’ll give to him”.
Federal Capital Territory (FCT) Minister Nyesom Wike has asserted that he remains unfazed by intimidation or blackmail as he carries out his duties in the nation’s capital.....KINDLY READ THE FULL STORY HERE▶
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Response to Critics: During his monthly media chat in Abuja, Wike addressed backlash from African Action Congress (AAC) presidential candidate Omoyele Sowore and other activists concerning the recent revocation and sealing of the Jabi Recreational Park.
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Justifying the Revocation: Wike explained that the land, originally allocated about 15 years ago for a recreation center, had been left largely underdeveloped and overrun by shanties and unauthorized trading. He maintained that revoking the allocation was necessary to ensure proper development through private partnerships.
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Defiant Stance: Dismissing allegations circulating on social media regarding the land’s takeover, the minister emphasized that he would not be deterred by public criticism or pressure from self-proclaimed activists.
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