News
Finance Bill sets Finance Minister, FIRS, others, against RMAFC over Revenue monitoring
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There was disagreement on Tuesday over constitutional mandates and extant laws between the Chairman of Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) Ellias Mbam and the Minister of Finance , Mrs Zainab Ahmed and the Chairman of Federal Inland Revenue Service (FIRS), Dr Muhammad Nami.
There were divergent opinions among the heads of the various agencies on powers for collection and monitoring revenues accruing into the Federation Account and the Consolidated Revenue Fund (CRF).This came to the fore in their separate submissions to the Senate Committee on Finance on the 2021 Finance Bill.
While the Chairman of RMAFC in his submissions, faulted section 68(2) of the proposed bill seeking exclusive power of revenue collection, monitoring and enforcement to FIRS, the Minister of Finance, the Accountant – General of the Federation, Ahmed Idris and FIRS Chairman, said RMAFC functions are not threatened by the proposed legislation
Section 68(2) states that FIRS is the primary agency in charge of administration, assessment, collection, accounting and enforcement of taxes.
However while faulting the provisions, the RMAFC chairman said there is no objection to FIRS being the primary agency responsible for assessment, collection and accounting but objected to the exclusive power of enforcement.
“This word (enforcement) , is infringing on the monitoring mandate of RMAFC in the area of enforcement and compliance.
“RMAFC shall not wait for FIRS as a primary agency to carry out enforcement of lost or unremitted government revenue before performing its monitoring functions or seek approval of the Minister of Finance before carrying out its constitutional mandate of enforcement.
“The exclusivity clause of enforcement to FIRS should not be granted and as such, be expunged “, he said.
In a counter submission , the FIRS Boss said RMAFC mandate to monitor revenue is not exclusive as other relevant agencies or bodies like the Budget Office, Office of Accountant General of the Federation, Ministry of Finance, Federation Account Allocation Committee ( FAAC) etc, have concurrent mandate to monitor revenue.
“What is clear and exclusive is that FIRS possess the mandate to access, collect and account for taxes accruing into the federation account .
“Monitoring revenues is not the same as collecting and enforcing them in form of taxes ” he said.
FIRS position was also supported by the Minister of Finance and the Accountant General of the Federation.
Specifically the Minister in her submission said RMAFC fundamental function is to monitor revenue accruing into the Federation Account and not even the Consolidated Revenue Fund ( CRF)
According to her , FIRS in the Proposed bill, is empowered to sanction non – compliant banks that fail to deliver quarterly returns , investigate tax evasions and other related crimes and several others.
Earlier in his opening remarks, the Chairman of the Committee, Senator Olamilekan Adeola (APC Lagos West), said the 2021 Finance has a total of 12 existing Acts for amendments .
They are; Capital Gains Tax Act, Companies Income Tax Act, Customs, Exercise Tarrif, etc (Consolation) Act, Federal Revenue Service Establishment Act, Personal Income Tax and Stamp Duties Act
Others are Value Added Tax Act, Insurance Act, Nigerian Police Trust Fund (Establishment) Act, National Agency for Science and Engineering Infrastructure Act, Finance (Control and Management) Act and Fiscal Responsibility Act.
News
Former NBC DG, Prof. Tom Adaba, Passes Away at 84
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Former Director-General of the National Broadcasting Commission (NBC), Professor Tom Adaba, has passed away at the age of 84.
According to reports, he died peacefully on Saturday in Abuja.
Chief Adinoyi Joe Anivasa, Secretary of the Egbira Elders Forum, confirmed the news, stating, “I feel sad to inform you that our elder and leader, Prof. Tom A. Adaba, has answered the call of nature this morning. Further details about his burial arrangements will be communicated later.”
Born on July 2, 1941, Prof. Adaba made significant contributions to Nigeria’s broadcasting industry. Between 1988 and 1992, he became the first Nigerian to serve as President of the African Council for Communication Education.
News
Osun LG Election Holds Amid AGF, Police Opposition
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Despite calls for suspension from the Attorney General of the Federation (AGF) and the Nigeria Police Force, the Osun State local government election proceeded as scheduled on Saturday.
Governor Ademola Adeleke voted in Ede North Local Government Area, describing the process as peaceful and urging residents to exercise their franchise.
The AGF, Lateef Fagbemi, cited a Court of Appeal ruling allegedly reinstating sacked local government chairmen, while the police warned of potential security threats.
However, the Osun State government insisted on holding the election, emphasizing its commitment to obeying a court directive. The opposition All Progressives Congress (APC) boycotted the polls.
Voting took place under tight security, with minimal commercial activity observed in Osogbo, the state capital.
News
Buhari Snubs IBB’s Book Launch Over 1985 Coup – APC’s Vatsa
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A chieftain of the All Progressives Congress (APC) and former Commissioner for Information, Jonathan Vatsa, has indicated that Firmer President Muhammadu Buhari’s absence at the public presentation of former military ruler General Ibrahim Babangida’s autobiography, The Journey of Service, held in Abuja on Thursday was not surprising.
Speaking to journalists in Minna on Saturday, Vatsa suggested that Buhari’s no-show was a result of unresolved bitterness over the 1985 coup, in which Babangida overthrew him and subsequently detained him.
According to Vatsa, Buhari may still harbor resentment, especially over being denied the chance to bid his late mother farewell while in detention.
“It Would Have Been the 9th Wonder of the World If Buhari Had Attended”
Vatsa claimed that Buhari’s absence was expected, given the deep-seated history between the two former leaders.
“The memory of the ‘mother of all betrayals’ has not left him. It would have been the ninth wonder of the world if Buhari had attended that book launch,” he said.
The APC chieftain also linked Buhari’s perceived neglect of Niger State during his eight-year presidency to his history with Babangida.
“The whole world knows that Niger State was made a scapegoat by Buhari because of IBB. For eight years, he did not pay any serious official visit to the state, and not a single federal project was executed here. The Baro Port project was abandoned, and federal roads across the state were left in disrepair,” Vatsa alleged.
He claimed that despite the overwhelming votes Buhari received from Niger State in 2015 and 2019, the state was sidelined due to the personal history between the former presidents.
“When two elephants fight, it is the grass that suffers. Niger State paid for the sin of one man,” he lamented.
When asked for his opinion on the contents of IBB’s autobiography, Vatsa said he would reserve his comments until he has read and digested the book fully.
“There are certain things I expected to see in the book. Once I am done reading, I will invite you all for my comments,” he stated.
The book launch attracted several high-profile attendees, including President Bola Tinubu, former presidents Olusegun Obasanjo, Goodluck Jonathan, and Yakubu Gowon, as well as former military head of state Abdulsalami Abubakar.
Other dignitaries included former Ghanaian President Akufo-Addo, former Sierra Leonean President Ernest Koroma, and ex-vice presidents Atiku Abubakar, Yemi Osinbajo, and Namadi Sambo, alongside traditional rulers and state governors.
Buhari’s absence, however, remained a major talking point, reinforcing speculations that the 1985 coup remains a sore point in Nigeria’s political history.
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