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Nigerian Government Hits Back At KPMG, Defends New Tax Laws As Misunderstood.

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According to Nivo News, the Nigerian government has defended its newly implemented tax laws following critiques by KPMG, insisting that many of the accounting firm’s claims are based on misunderstandings and invalid conclusions rather than actual errors. The Presidential Fiscal Policy and Tax Reforms Committee, led by Chairman Taiwo Oyedele, said that while some of KPMG’s observations regarding clerical issues and implementation risks are valid, the majority of the criticisms misinterpret the law or reflect policy preferences rather than genuine flaws.....KINDLY READ THE FULL STORY HERE▶

The committee clarified that disagreements over policy direction should not be portrayed as technical mistakes and urged professional firms to engage through consultations. On the issue of share taxation, it explained that the new chargeable gains framework applies a graduated scale up to 30 percent—reducing to 25 percent—with 99 percent of investors qualifying for unconditional exemptions. The committee dismissed claims that the reforms would trigger a stock market sell-off, citing record-high performance.

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It also defended the provisions taxing indirect share transfers as consistent with global standards, aimed at closing loopholes previously exploited by multinationals, and refuted assertions that the measures could destabilize the economy. The committee further addressed VAT and insurance concerns, noting that insurance premiums are not classified as taxable supplies under Nigerian law, making special exemptions unnecessary.

KPMG’s observations on issues such as the definition of “community” as a taxable person, the Joint Revenue Board, and dividend taxation were described as deliberate policy choices aligned with international norms. The committee also rejected suggestions to exempt foreign insurance firms from tax on Nigerian-written premiums, warning that such exemptions would disadvantage local companies. Claims that the top personal income tax rate of 25 percent is oppressive were countered, with the committee stating that effective rates remain competitive regionally and globally.

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Highlighting factual inaccuracies in KPMG’s report, the committee pointed to outdated references to the Police Trust Fund and prior small company exemptions. While acknowledging minor clerical points, it noted that these are already being addressed. The government emphasized the broader benefits of the reforms, including tax harmonization, reduced corporate rates, expanded VAT credits, support for low-income earners and small businesses, and improved investment incentives.

The committee concluded that the tax reforms resulted from extensive consultation and legislative scrutiny and urged stakeholders to focus on constructive engagement to ensure smooth implementation. “While some points raised by KPMG are useful, the majority of the publication misrepresents policy intent, deliberate choices, and in many instances presents opinions as facts,” the committee stated.

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“Being Arrogant Is Good” — Burna Boy’s Mother Defends Son Amid Heavy Backlash.

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Singer Burna Boy’s mother, Bose Ogulu, has come to his defence following widespread criticism on social media.....KINDLY READ THE FULL STORY HERE▶

Reports indicate that Burna Boy has recently faced backlash online over claims of arrogance, intensified by an incident involving his confrontation with Wizkid’s DJ, DJ Tunez, at a Lagos club. The altercation reportedly escalated into a social media clash between Burna Boy and Wizkid.

Reacting to the controversy, some Nigerians accused the singer of being habitually aggressive and described his behaviour as arrogant.

However, in an interview with Ebuka Obi-Uchendu on Channels Television, Bose Ogulu defended her son’s conduct, stating that she has no issue with how he is perceived.

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When asked whether she was bothered by Burna Boy being labelled arrogant or how she manages his brand, she replied that she is unfazed by such descriptions.

“I don’t mind honestly, I don’t mind at all. Any adjective they want to attach to you is okay. The thing is, who are you? If knowing your worth and carrying yourself as such is arrogance, then it is a good thing, and I can’t apologise for that,” she said.

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She further explained that society often expects people to downplay their worth.

“We were born into a world where we were expected to put our heads down. First is the colour of your skin, the colour of your passport, for me, my gender. So I don’t understand that concept. If I know something, I know it, and I expect you to recognise it. And if you don’t, then put me to the test,” she added.

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LP: Appeal Court Ruling Victory For Rule Of Law – Usman.

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The Interim National Chairman of the Labour Party, Nenadi Usman, has reacted to the Court of Appeal judgment in her favour, describing it as a victory for democracy, justice, and the rule of law.....KINDLY READ THE FULL STORY HERE▶

Speaking in an interview on Arise News on Wednesday, Usman said she was deeply grateful for the court’s decision, which she believes affirmed fairness and justice.

“I honestly was happy and grateful to Almighty God because I felt it was a victory for democracy, I felt it was a victory for the rule of law. I felt the right thing had been done. I felt it was all about justice and fairness,” she said.

She also appreciated the judiciary, members of the Labour Party, and Nigerians who showed solidarity during the legal tussle.

“I must thank the judiciary for what they have done… I also want to thank members of the Labour Party and Nigerians who have been calling to express solidarity. I am sincerely very grateful,” she added.

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Usman cautioned against generalising the judiciary, noting that like every profession, it has both competent and less effective individuals.

On the party’s internal crisis, she said the multiple lawsuits filed in different courts were aimed at destabilising the Labour Party.

“It was a case to destabilise the party… nothing less than eight different cases in eight different courts, all seeking one relief,” she said.

Addressing concerns over her leadership, Usman insisted it remains recognised, citing a recent verification exercise conducted by the Independent National Electoral Commission (INEC), which she said went smoothly with participation from members across factions.

She disclosed that the party had already begun reconciliation efforts and internal restructuring, including ward congresses leading up to a national convention.

“Tomorrow we are starting our congresses… it’s going to culminate into the national convention,” she said.

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Usman emphasised that political leadership is temporary, but the party must remain strong and united.

“You come, you go, but the party should remain,” she stated.

She expressed optimism about reconciliation among aggrieved members, urging unity and an end to legal battles.

“I just wish he would bury the hatchet… pay the 10 million Naira imposed on him, and then let’s build the party,” she added.

She further stressed the importance of internal conflict resolution mechanisms within political parties to avoid unnecessary court cases.

Looking ahead, Usman said Nigerians should expect a Labour Party rooted in social justice, inclusion, and equal opportunity, urging wider participation in party activities.

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Victory In Court As Charges Against MKO’s Widow Are Dismissed, ₦100m Compensation Ordered.

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A High Court of the Federal Capital Territory (FCT), Abuja, has dismissed all allegations filed by the Nigeria Police Force against Prof. Zainab Duke-Abiola, widow of the late Chief M.K.O. Abiola.....KINDLY READ THE FULL STORY HERE▶

Delivering judgment, Justice E. Okpe described the actions of the police as inhuman, degrading, and a violation of the claimant’s constitutional rights, holding that her fundamental human rights were clearly breached.

The court consequently awarded ₦100 million in damages against the Nigeria Police Force, former Inspector-General of Police Usman Alkali Baba, and four other defendants.

Prof. Duke-Abiola had approached the court over alleged harassment and a media trial linked to claims that she assaulted her police orderly. Other defendants in the suit included Inspector Teju Moses and the FCT Commissioner of Police, Ibrahim Umar.

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She firmly denied the allegations, insisting she never assaulted her orderly. According to her, “Contrary to the defamatory statement… I never assaulted my former orderly neither did I instruct anyone else to do so.”

She further argued that the alleged incident could not have occurred in her residence, stating that CCTV cameras in her home would have captured any such event.

“I was never a suspect but a victim of a frame-up by the defendants,” she added.

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In his ruling, Justice Okpe held that the police action amounted to a deliberate attempt to frame her, describing it as a case of political persecution.

He said, “What occurred was a forceful abduction, a brazen violation of Professor Abiola’s dignity, liberty and constitutional rights. She was seized without due process, humiliated and unlawfully detained.”

The court dismissed all charges against her, ordered the police to publish a public apology in two national newspapers, and issued a perpetual injunction restraining further harassment or intimidation of the claimant.

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