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Osinbajo Signs Executive Order On Taxes, Assets Declaration

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Federal Government has declared Monday, May 29, as Public Holiday to celebrate the 2017 Democracy Day.

The Acting President, Professor Yemi Osinbajo, has signed an executive order to back the Voluntary Assets Income Declaration Scheme (VAIDS).

Professor Osinbajo signed the executive order on Thursday morning during the launch of VAIDS at the Presidential Villa in Abuja.

Key government officials, including the Minister of Finance, Mrs Kemi Adeosun, witnessed the signing of the executive order and launch of the scheme, which the acting President said is targeted at increasing tax awareness and compliance.

It will also grant taxpayers a time-limited opportunity to regularise their tax status without penalty.

The Acting President said, “When people pay taxes they pay more attention to what government is doing. There’s a greater level of political and social consciousness.

“Taxes not only about boosting government revenues. When people pay taxes they hold the government to account more.”

Yemi Osinbajo, Beyond The Grid, Solar Energy Units

Acting President, Professor Yemi Osinbajo

While decrying the low number of Nigerians that pay taxes, Professor Osinbajo said, “Tax evasion not limited only to wealthy Nigerians. (It is) Also not limited to individuals. Many companies maintain two to three sets of books.”

According to the Acting President, the scheme is being rolled out by the Federal and state governments and will ensure that citizens and companies pay taxes.

ENTERTAINMENT

Hilda Baci Responds To VeryDarkMan’s Allegations Of Fraud

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Hilda Baci Responds To Allegations By VeryDarkMan | Fab.ng

A social media influencer named VeryDarkMan accused Nigerian chef Hilda Baci of scamming people who paid for her online cooking class but never received access.

Hilda Baci, who holds a Guinness World Record, isn’t taking these claims lightly. On April 23rd, 2024, she fought back against the accusations. Baci posted a screen recording of her online cooking class in action. The video showed activity within the online platform, including new students joining, media being shared, and overall engagement—all evidence to counter the claims that the class wasn’t happening.

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BREAKING NEWS

Nollywood Actor, Zulu Adigwe Has Passed Away

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Zulu Adigwe: Nollywood Actor Has Passed Away | Fab.ng

Nollywood is mourning the loss of veteran actor Zulu Adigwe. Adigwe passed away on Tuesday, April 23, 2024, according to a confirmation from movie producer Stanley Nwoko on Instagram.

Adigwe was a familiar face in Nollywood, having appeared in numerous films throughout his career. However, his most iconic role was undoubtedly Mr. B in the popular soap opera “Basi and Company” (1987). “Basi and Company” was a beloved show that helped shape Nollywood in its early days, and Adigwe’s portrayal of Mr. B was a memorable part of the programme’s success.

While details surrounding Adigwe’s passing are not yet public, his death has left a void in the Nigerian film industry. Tributes are pouring in from fans and colleagues alike, all remembering Adigwe’s talent and his contributions to Nollywood.

I regret to announce the passing of a veteran actor, late Mr. Zulu Adigwe. What caused his death is yet to be reviewed. Rest in peace, good actor,” Nwoko said in his post.

Zulu Adigwe Has Passed Away | Fab.ng

At the time of the report, the cause of his death was uncertain.

Adigwe recently portrayed Pascal Nworie in Ramsey Nouah‘s adaptation of the renowned film “Living in Bondage.”

Originally, Adigwe pursued medicine briefly at the University of Austria, where he also completed his primary and secondary education. However, following his father’s passing, he returned to Nigeria and pursued a degree in Theatre Arts at the University of Ibadan.

Throughout his career, Adigwe featured in numerous Nollywood productions, such as “Blood of the Orphan,” “Blood Diamonds,”Face of a Liar,” “Unforgettable,” “Issakaba,” and “Forbidden Land.”

Check out more news updates here.

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NEWS

Bobrisky Appeals Against Sentence; Wants Court To Replace Each Count With ₦50k

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Bobrisky Wants Court To Replace Each Count With ₦50k | Fab.ng

Idris Okuneye, better known as Bobrisky, took legal action on Monday by filing a notice of appeal challenging the six-month maximum sentence given to him by a Federal High Court in Lagos. The sentence was in response to charges brought against him by the Economic and Financial Crimes Commission (EFCC) for the abuse of the naira. Before Justice A.O. Awogboro of the Federal High Court, Lagos, Bobrisky pleaded guilty to the charges.

On April 12, Justice Awogboro sentenced Okuneye to six months in prison without the option of a fine. He emphasised the need for the judgment to deter others from similar acts of naira abuse.

In response, Okuneye’s counsel, Bimbo Kusanu, submitted a notice of appeal to the Court of Appeal, seeking to overturn the maximum sentence. Kusanu argues for the replacement of the sentence with a ₦50,000 fine per count. He highlighted Okuneye’s lack of prior criminal convictions and the possibility of a lesser sentence under the Administration of Criminal Justice Act (ACJA).

Kusanu contends that the trial court’s decision was punitive and did not consider Okuneye’s cooperation during the legal proceedings. This includes promptly pleading guilty and honouring invitations from the authorities.

Furthermore, Kusanu asserts that the trial court failed to exercise discretion appropriately, resulting in a miscarriage of justice against Okuneye. This appeal represents an effort to challenge the severity of the sentence imposed by the trial court and to seek a more lenient resolution for the appellant.

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