Economy

Tax reforms meant to reduce burden  – NOA

By Web News 405

By Mojisola Oladele

The Director General, National Orientation Agency, NOA, Mallam Lanre Issa-Onilu has reiterated that the ongoing Tax Reforms Policies by President Bola Tinubu are aimed at making the tax payment system flexible and less burdensome for Nigerians.

Mallam Issa-Onilu stated this in an interview with Radio Nigeria, Gold FM, in Osogbo, on issues bothering the state of the Nation including the Tax Reform Bills, HIV/ AIDS, Security Awareness and Discouraging Get Rich Syndrome amongst the Youth.

Represented by the Director, Community Development, Mrs Olubukola Olorunfemi, the NOA DG explained that the existing Tax system was old, hence there was a need for a total overhauling, for the benefit of Nigerians.

Mallam Issa-Onilu noted that the four tax bills including the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service Establishment Bill and Joint Revenue Board Establishment Bill under consideration at the National Assembly aimed to stop double taxation, reduce the tax burden of low-income earners, make the process simple and transparent.

Speaking on reducing HIV/ AIDS in society and get-rich-quick syndrome amongst the youths, the NOA DG, cautioned Nigerians against unprotected sex and advised them to ensure they know their HIV/AIDS status to curtail the spread of the virus.

Mallam Issa-Onilu admonished youths not to shun the “get rich quick syndrome and to remain focused on their academic, vocational and career pursuits.

He urged parents and guardians to ensure the proper upbringing of their children as this would enhance their future and the well-being of society.

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Crime

Binance Executive, Nadeem Anjarwalla, Escapes from Custody

By Web News 476

One of the two Binance executives detained in Nigeria for alleged tax evasion and other offences, Nadeem Anjarwalla, has reportedly escaped from custody.

In February, the Federal Government detained the two senior executives of Binance.

The arrest came amidst efforts by the government to rein in speculation on the naira by cracking down on cryptocurrency exchanges.

The charges against Binance include non-payment of Value-Added Tax, Company Income Tax, failure to file tax returns, and complicity in aiding customers to evade taxes through its platform.

Anjarwalla, on Friday, reportedly escaped from the Abuja guest house where he and his colleague were being held, Premium Times reports.

He was said to have escaped after some guards on duty escorted him to a nearby mosque for prayers.

The British national, who also holds Kenyan citizenship, is suspected to have departed Abuja via a Middle East airline.

How Anjarwalla boarded an international flight despite his British passport, which he used to enter Nigeria, being held by Nigerian authorities remains unclear.

Premium Times reports that authorities are also working to unravel his intended destination to get him back into custody.

An Immigration official said the Binance executive fled Nigeria on a Kenyan passport.

The official disclosed that the authorities are working on unravelling how he obtained the passport, given the fact that he had no other travel document (apart from the British passport) on him when he was arrested.

According to another insider, the two officials were detained in a “pleasant guest house” and granted numerous privileges, such as access to telephones. Anjarwalla is suspected to have taken advantage of this opportunity to plan his escape.

The Head of Strategic Communication at the Office of the National Security Adviser, Zakari Mijinyawa, could not confirm the incident when contacted on Sunday night.

Mijinyawa promised to enquire and revert.

Punch/Simeon Ugbodovon

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Economy

FG Inducts FedPoly Ilaro Student into Fiscal Policy, Tax Reforms Committee

By Web News 588

By Segun Folarin

The Federal government has inducted an HND 2 Taxation student of Federal Polytechnic, Ilaro, Mr Opeyemi Babatunde into the Presidential Committee on Fiscal Policy and Tax Reforms.

Mr Babatunde is currently the National President, the Association of Nigerian Taxation Students as well as the current President of the Association of Nigerian Taxation Students, Federal Polytechnic, Ilaro Chapter.

He is expected to join any batch of the secretariat of the Committee after his final examinations.

Reacting to the development, The Rector Federal Polytechnic, Ilaro,, Dr Mukail  Akinde, expressed excitement over the induction of the student into the Presidential Committee on Fiscal Policy and Tax Reforms.

While congratulating management, staff and students of the institution, Dr Akinde also felicitated Mr Babatunde for the landmark achievement.

Mr Babatunde, on successful completion of his attachment and on passing the prescribed test will be made a student ambassador of the Committee.

Olusegun Folarin

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