Former Ekiti Governor Fayose'S N6.9Bn Fraud Trial: Key Witness Testifies On Nsa Office Payments

Former Ekiti Governor Fayose’s N6.9bn Fraud Trial: Key Witness Testifies on NSA Office Payments

Governor Fayose Fraud Trial: The Economic and Financial Crimes Commission (EFCC) continues its prosecution of former Ekiti State Governor, Ayodele Fayose, and his company, Spotless Investment Limited, in a high-profile fraud case. The defendants face an 11-count charge of money laundering and stealing, involving a substantial sum of N6.9 billion. The case, which began on…

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Federal Government Proposes New Tax Regime Of 5% On Telecommunications And Gaming Sectors

Federal Government Proposes 50% Windfall Tax on Banks’ Forex Profits to Fund ‘Renewed Hope’ Projects

The Federal Government has revealed plans to introduce a 50% tax on banks’ profits from foreign exchange revaluation in 2023, subject to approval by the National Assembly. This windfall tax, outlined in the proposed changes to the 2023 Finance Act, aims to generate funds for vital projects and initiatives under the “Renewed Hope” program, including…

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President Bola Ahmed Tinubu Seeks Massive N6.2 Trillion Boost To 2024 Budget For Infrastructure

President Bola Ahmed Tinubu Seeks Massive N6.2 Trillion Boost to 2024 Budget for Infrastructure

President Bola Ahmed Tinubu has written to the National Assembly requesting a N6.2 trillion increase in the 2024 Appropriation Act. The request was made in a letter read aloud by Senate President Godswill Akpabio during the Wednesday session in the upper legislative chamber. This adjustment raises the 2024 budget to N34.9 trillion, up from the…

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