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VAIDS Deploys 700 Community Tax Liaison Officers To 9 States

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VAIDS

The Voluntary Assets and Income Declaration Scheme (VAIDS) has deployed over 700 graduates as Community Tax Liaison Officers(CTLOs) to nine states of the Federation and the Federal Capital Territory (FCT).

The CTLOs have been handed the responsibility of creating awareness about the VAIDS scheme and taxation in general. A statement by the VAIDS office revealed that the CTLOs, posted to their various states of origin, will carry out the assignment in said in Lagos, Ogun, Enugu, Edo, Cross River, Delta, Oyo, Kaduna and Nassarawa states as well as the Federal Capital Territory. The CTLOs were deployed after undergoing an intensive week-long training on taxation and customer service in Abuja.

The statement also disclosed that more CTLOs will, over the coming weeks, be deployed to Kwara, Niger and Adamawa states, the other states to follow.

The scheme expected to create a total of 7,500 opportunities for Nigerians as CTLOs through the N-Power scheme of the Federal Government

“They (CTLOs) will be on the streets, markets, malls public places and visit offices,” the statement said.

The VAIDS scheme, a tax amnesty initiative of the Federal Ministry of Finance in collaboration with state revenue agencies, was launched on 29 June via an Executive Order signed by Vice President Yemi Osinbajo. It was conceived to provide solutions almost every defect of the nation’s tax system, including the tepid attitude to taxation.

VAIDS is specifically targeted at taxpayers, who have failed to fully declare their taxable income and assets or have not been paying the tax due. It is also a at all aimed at those who are underpaying or under-remitting; those under a process of tax audit or investigations by tax authorities or are engaged in tax disputes with tax bodies, but are prepared to settle the disputes out of court.

The scheme, which aims to cast the country’s tax net wider, offers confidentiality as well as waiver of the interests and penalties to those who had underdeclared or never declared previously earned incomes and acquired assets. It equally offers tax defaulters the option of spreading payment of outstanding liabilities over a maximum period of three years as may be agreed with the relevant tax authority.

A projected revenue of $1billion is expected to be generated through VAIDS. The scheme is expected to bring about an appreciable jump in the country’s tax-to-Gross Domestic Product ratio from the meagre 6 per cent it currently is to a more respectable 20 per cent by 2020.

VAIDS has been lauded by many tax experts, who described the scheme as the last chance for tax defaulters to regularize their tax status and avoid escape stern penalties, including prosecution and payment of penalties for undeclared income and assets. The scheme is expected to benefit from a variety of information sharing agreements among countries and other international instruments, including the Standard Automatic Exchange of Information (AEOI) to uncover previously concealed assets and revenue sources.

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Ex-Oyo gov, Olunloyo debunks death rumour, says I’m alive

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An elder statesman and former governor of old Oyo State, Dr Omololu Olunloyo, has broken his silence about the rumour of his death, saying he is alive.

Olunloyo who spoke with The PUNCH correspondent who visited his Molete residence in Ibadan, the state capital on Friday said he was hale and hearty.

Earlier, the rumour of the death of the elder statesman was reported by some news platforms (not The PUNCH).

However, Olunloyo, while speaking said, “I’m still here, not yet gone.”

He also expressed worry over the rumour and asked who would live forever, stressing, “Those breaking death news and the person presumed dead will all die one day.

“I’ve been lucky. My father died at 42, while my mother died at 102. I’m 89. I’ve crossed the expected life age.”

The elder statesman also illustrated how the rumour of his death hit several news platforms on June 7, 2022.

He noted that the rumour mongers claimed that he died at the University College Hospital, Ibadan.

A few days later, the family issued a statement, declaring that he was not dead but suffering from old age ailment and asked Nigerians to pray for him to survive the health complications.

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NAFDAC raids Abuja supermarkets, confiscates counterfeit products worth N50m

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Operatives of the National Agency for Food and Drug Administration and Control (NAFDAC) on Thursday raided Sahad store, a popular supermarket in Abuja, for selling some counterfeit products.

The agency also raided H-Medix outlets located in Wuse 2, Gwarinpa, and Utako market, in the nation’s capital.

Speaking with journalists during the exercise, Embugushiki-Musa Godiya, the NAFDAC head of investigation and enforcement in Abuja, said the team had also raided markets in Nyanya and Mararaba axis on Tuesday.

He said the team equally raided Wuse market on Wednesday and seized goods worth millions of naira.

Godiya said the three-day operation was carried out based on intelligent reports the agency gathered from well-meaning Nigerians.

“We have been able to successfully recover some of the counterfeit products, and evacuate them for destruction. Our concern is one of the products, purported to be Nivea NAFDAC regulated product, but it is not,” NAN quoted him as saying.

“The most shocking to me is that such substandard Nivea cream and other cosmetics are even more expensive than the ones approved by NAFDAC. This is criminal.

“The market value of what we have seen so far for drug hawking is N5 million, and for the NIVEA products, other cosmetics and other products, including Jik bleach, Harpic toilet cleaner and Airwick room freshener, all counterfeit in large quantity, valued at N45 million.

“The total value of all the goods seized during the operation is N50 million.”

He said the agency has zero tolerance for compromised standards, adding that “NAFDAC will arrest whosoever is involved in this crime”.

“NAFDAC enforcement will make sure it gets to the root of the syndicate that imports these products,” he said.

He called on Nigerians to be careful with the kind of products they buy, and always watch out for the NAFDAC registration number before they buy.

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NIS places Yahaya Bello on watchlist as IGP withdraws officers attached to him

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The Nigeria Immigration Service (NIS) has placed Yahaya Bello, former governor of Kogi, on a watchlist.

The police headquarters in Abuja has also “ordered the withdrawal of all men attached to his excellency Alhaji Yahaya Bello, former executive governor of Kogi state”.

Bello was declared wanted by the Economic and Financial Crimes Commission (EFCC) on April 18 after his absence from the federal high court in Abuja “stalled his arraignment”.

The anti-graft agency alleges that Bello, alongside Alli Bello, chief of staff to Usman Ododo, governor of Kogi; and one Daudu Suleiman, diverted about N80.2 billion belonging to the Kogi government.

In a statement signed by DS Umar, assistant comptroller of immigration, on behalf of Kemi Nandap, comptroller-general of the NIS, the agency said “the above named person has been placed on watch list”.

“The subject is being prosecuted for breach of trust and money laundering. If seen at any entry or exit point, he should be arrested and referred to the Director of Investigation for further action,” the statement reads.

On April 17, the EFCC ended its siege on Bello’s residence in Abuja after Usman Ododo, governor of Kogi, arrived at the house and was later seen leaving with his predecessor.

Lateef Fagbemi, attorney-general of the federation (AGF), has warned against obstructing the EFCC “in the discharge of its duty”.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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