Author: TheScrutinyNG

Stakeholders in the telecommunications sector have vowed to challenge the Federal Government over the reintroduction of the five percent excise duty on telecommunications, gaming and betting services. The reintroduction, it would be recalled, sparked outrage in the Nigeria’s Information Technology (IT) sector, as stakeholders prepare to challenge the policy in court. Recall that the Federal Government introduced a new bill proposing a five per cent excise duty on telecommunications, gaming, and betting services as part of efforts to revamp the nation’s tax system. The proposal, included in the “Nigeria Tax Act,” seeks to impose excise duties on a range of…

The National Reconciliation Committee of the Peoples Democratic Party (PDP) will brief the National Executive Council (NEC) of the party on its findings and recommendations ahead of Thursday’s NEC meeting. Recall that the reconciliation committee met on Monday in Abuja to conclude its investigation into the crisis rocking the party. The committee, led by Olagunsoye Oyinlola, a former governor of Osun State, would therefore brief the National Working Committee (NWC) about its findings and recommendations on Tuesday. It would subsequently transmit the report to the National Executive Council (NEC) for ratification. The NEC is scheduled to be held on Thursday.…

Tragedy struck in Ogun State as one 28 years old Mrs Yemisi Ogunlana allegedly sliced off her husband’s genital. Yemisi was consequently arrested by operatives of the Ogun State police over the dastardly act. She was reported to have used a sharp object to cut 31-year-old Idowu Adebowale in the Oko-Oba area of Ogijo. This was contained in a statement by the command’s spokesperson, Omolola Odutola, made available to newsmen on Monday. According to the statement, the husband had reported the incident to the Ogijo Division of the command at about 5:15 p.m. The publicist noted that the suspect, after…

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called on capital market stakeholders to adapt to regulatory frameworks to align with the evolving Financial Action Task Force (FATF) standards. He warned that failure to do so would not only jeopardize the integrity of the capital markets, but also pose a risk to Nigeria and the global financial system. Agama spoke at the Compliance Summit 2024 organised by the Nigerian Capital Market Institute, a subsidiary of the SEC, with the theme: ‘Navigating Regulatory Challenges: Aligning with Changes in FATF Standards in the Era of Virtual Asset…

The Lagos State House of Assembly on Monday agreed to conduct another public hearing on a bill that seeks to review the Local Government Administration law of the state. The House also invited the Attorney-General of the State, Lawal Pedro, for an interpretation of the recent Supreme Court judgement on financial autonomy for local governments. According to a press statement by Eromosele Ebhomele, the Chief Press Secretary to the Speaker, the resolutions came at a sitting presided over by the Speaker of the House, Rt. Hon. Mudashiru Obasa. Dr. Obasa said the review of the Local Government Administration law is…

The Enugu State Government has said it would sanction schools and businesses that obey the two-day sit-at-home declared by the proscribed Indigenous People of Biafra (IPOB). Prof. Chidiebere Onyia, the Secretary to the State Government (SSG), stated this at a joint press conference addressed by the government and security chiefs after a tour of schools, businesses, financial institutions, and markets in Enugu on Monday. The security chiefs are Garrison Commander, 82 Division, Nigerian Army, Brigadier-General Steven Dogo; and State Director of the Department of State Services, Theresa Egbunu, the Commissioner of Police, Enugu State Command, CP Anayo Uzuegbu. The News…

Following a protest by some Lagos parents over the increase in the boarding fees of  the state’s model colleges, the Lagos State House of Assembly has directed the Chairman of its House Committee on Education, Hon. Mosunmola Sangodara, to invite all the concerned stakeholders and report back within a week. This directive, according to a press statement by Eromosele Ebhomele, the Chief Press Secretary to the Speaker of the Lagos State House of Assembly, came after the Speaker, Rt. Hon. Mudashiru Obasa, met with the protesters at the Assembly gate. The fees were hiked from N35,000 to N100,000 for the…

The Federal Government, through Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has launched the Project 1 Million Barrels of Oil Per Day Initiative, aiming to raise the country’s oil production to 2.4 million barrels per day. This collaborative effort involves stakeholders across the industry, including producers, service providers, rig owners, financiers, and crude oil off-takers. Speaking at the Launch of the Initiative in Abuja on Monday, to mark the 3rd year anniversary of the commission, President Bola Tinubu, represented by Secretary to the Government of the Federation (SGF) George Akume, emphasized the importance of increased production, citing benefits such as job…

The presidential candidate of the Labour Party (LP) in the last election, Mr Peter Obi, has condemned the killing of 16 youths in Nibo, Anambra State, by unknown gunmen, saying the nation cannot grow in this manner. Expressing shock through his X handle, the former Anambra State governor said the killings are senseless, noting that the act is despicable. He wrote on his X; “I am deeply saddened and outraged by the unending  killing and death in our society. The senseless killing of 16 young men in Nibo, Anambra State remains condemnable. This despicable act is not only a profound…

The National Drug Law Enforcement Agency (NDLEA) has it back at Senator Oyelola Yisa Ashiru who represents Kwara South at the National Assembly over his recent criticism of the agency as very corrupt, saying his outburst was a vendetta. During a press briefing at its headquarters on Monday to respond to a disparaging statement made by Senator Ashiru that the National Drug Law Enforcement Agency is corrupt and compromise, among other untoward allegations, the agency said the lawmaker’s allegations were not borne out of national interest. NDLEA said; “The NDLEA is compelled to call this press briefing today because of…