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FG to Deduct Unlawful Mining Fees from State’s Allocations

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mining sector

The Federal Government has said that any illegal fees imposed on mining companies by state governments will be deducted from the allocation of such state.

This was disclosed by the Minister of Information and Culture, Lai Mohammed following a decision reached by the Federal Executive Council on Wednesday in Abuja.

The minister said the decision was to eliminate double taxation in the mining sector and also gain investors’ confidence in the sector.

He said, “On the issue of double taxation whereby mining companies are taxed by local and state governments, two decisions were taken.

“One is that the council directed the Minister of Finance, Budget and National Planning to deduct directly from federal allocations of states which have deprived Federal Government of Nigeria’s revenue due to it by imposition of illegal taxes and levies on mining companies in their states.

“In other words, if a particular state engages in double taxation, you are imposing illegal taxes on a duly registered mining company, and it is reported to government, the Ministry of Finance, Budget and National Planning will deduct that money from your allocation.

“The intent is to ensure that we don’t scare away investors, be they local or foreign. This will go a long way to reassure the investors that Nigeria is a safe place to invest now.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has been appointed to implement the decision.

Mohammed added that “Before now, the position is that any miner that wants to use explosives for mining must store them in either the military barracks or police facilities.

“So, Adegbite asked for special dispensation to build special facilities at least one in each of the Geo-political zones of the country. He also complained about extortion, the position of community development agreement, and the issue of many illegal miners.

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EFCC Summons Former Ekiti State Governor Kayode Fayemi for Questioning on N4 Billion Scandal

The Economic and Financial Crimes Commission (EFCC) has summoned the former governor of Ekiti State, Kayode Fayemi, for questioning in relation to an alleged scandal involving a staggering sum of N4 billion.

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Kayode Fayemi

The Economic and Financial Crimes Commission (EFCC) has summoned the former governor of Ekiti State, Kayode Fayemi, for questioning in relation to an alleged scandal involving a staggering sum of N4 billion.

This summons marks a significant turn of events for Fayemi, who was once a prominent figure in Nigerian politics, having also served as the Minister of Mines and Steel Development during President Muhammadu Buhari’s first term.

According to reliable sources within the EFCC, the former governor has been requested to appear before the anti-graft agency to address serious allegations of misappropriation of funds during his tenure as governor.

The EFCC’s investigation is focused on the alleged embezzlement of the substantial sum, which was earmarked for the development and welfare of Ekiti State.

Kayode Fayemi, known for his influential role in the political landscape, arrived at the EFCC’s Ilorin zonal office promptly after receiving the summons.

Inside sources report that Fayemi is currently undergoing extensive interrogation, as EFCC detectives seek to unravel the intricate web of financial transactions that may have led to the misappropriation.

The former governor’s cooperation in the ongoing investigation is crucial, as it may determine the course of action that the EFCC will take.

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Unveiling Nigeria’s President-Elect: Bola Ahmed Tinubu

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Bola Tinubu

Nigeria’s political landscape has always been dynamic and full of intrigue. As the most populous country in Africa, Nigeria plays a pivotal role in shaping the continent’s future.

In this article, we delve into the life, achievements, and political journey of Bola Ahmed Tinubu, who has emerged as the President-Elect of Nigeria. Join us as we explore the story behind this influential figure and what his presidency might mean for the nation.

Early Life and Background

Bola Ahmed Tinubu was born on March 29, 1952, in Lagos State, Nigeria. His humble beginnings in the city’s Mushin neighborhood laid the foundation for his remarkable rise in politics. Tinubu obtained his primary and secondary education in Lagos before traveling to the United States to further his studies. He attended Richard J. Daley College in Chicago, Illinois, and later earned a Bachelor of Science degree in Accounting from Chicago State University.

Political Career

Upon his return to Nigeria, Tinubu plunged into politics, driven by a desire to contribute to his country’s development. In 1992, he was elected to the Nigerian Senate, representing the Lagos West constituency. His commitment to the welfare of the people and his astute political acumen quickly gained him recognition within his party, the Social Democratic Party (SDP).

Tinubu’s political career took a significant turn in 1999 when Nigeria transitioned to democracy. He co-founded the Alliance for Democracy (AD) and successfully campaigned for the position of Governor of Lagos State. Under his leadership, Lagos witnessed significant transformations, including improvements in infrastructure, education, healthcare, and public transportation.

Political Influence and Legacy

Often referred to as the “Jagaban,” a Yoruba term meaning “leader of warriors,” Tinubu is widely recognized for his political influence and strategic maneuvering. His ability to forge alliances and build formidable political structures has made him a force to be reckoned with in Nigerian politics.

Tinubu’s impact extends beyond Lagos State. He played a pivotal role in the formation of the All Progressives Congress (APC), a coalition of opposition parties that brought about the defeat of the incumbent party in the 2015 presidential election. This victory marked a historic shift in Nigerian politics and laid the groundwork for his own presidential aspirations.

President-Elect and Future Prospects

After a closely contested presidential primary within the APC, Bola Ahmed Tinubu emerged as the party’s presidential candidate for the 2023 general elections. Riding on a wave of support from his loyal followers and a reputation for effective governance, Tinubu successfully won the hearts of Nigerians across different regions.

As Nigeria’s President-Elect, Tinubu faces the monumental task of steering the country toward progress and unity. His track record as a visionary leader and his experience in governance position him to tackle the nation’s challenges, including economic development, security, infrastructure, and social welfare.

Conclusion

Bola Ahmed Tinubu’s journey from humble beginnings to becoming Nigeria’s President-Elect is a testament to his resilience, political acumen, and commitment to public service. With his impending presidency, Nigerians have high expectations for the transformational change he can bring to the nation.

As Tinubu assumes office, the eyes of the nation and the international community will be on him. Nigeria, with its vast resources and diverse population, is at a crucial crossroads. The hope is that under Tinubu’s leadership, the nation will experience inclusive growth, strengthened institutions, and a brighter future for all Nigerians.

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Ukraine’s Zelenskiy Takes Center Stage at G7 Summit to Confront Russian Invasion

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President Volodymyr Zelenskiy of Ukraine has stepped into the spotlight at the Group of Seven (G7) summit in a determined effort to address the ongoing Russian invasion of his country. With the world’s most powerful democracies gathered here, Zelenskiy aims to rally international support and devise strategies to counter Russia’s aggression.

The choice of Hiroshima as the summit’s location carries profound symbolism, reminding the attendees of the devastating consequences of nuclear conflict. Against this backdrop, Western governments are increasingly alarmed by the nuclear threat posed by Russia. Zelenskiy’s presence at the summit, representing a nation that is facing a perilous situation, emphasizes the urgent need for action.

Upon his arrival, Zelenskiy, wearing his characteristic olive green fatigues, wasted no time and swiftly disembarked a French government aircraft. Japanese broadcasters captured the moment as he swiftly made his way to a waiting car, illustrating the sense of purpose with which he has approached this gathering.

Using social media, Zelenskiy expressed the significance of the meetings in Japan, tweeting, “Japan. G7. Important meetings with partners and friends of Ukraine.” His message underlines the importance of forging alliances and securing support from G7 leaders, as well as other influential countries.

French and European officials have stressed the importance of Zelenskiy’s personal presence at both the Arab League and G7 summits, particularly given the attendance of Global South members. They believe that Zelenskiy’s firsthand account of Ukraine’s victimhood in the face of Russian aggression will provide critical insights for shaping a peaceful future settlement.

“We have to use all means to bind non-aligned states to the cause of defending Ukraine’s sovereignty and territorial integrity,” stated a French presidential official during a press briefing, emphasizing the urgency of garnering broad international support.

During the G7 summit, Zelenskiy is scheduled to hold bilateral meetings with leaders from the G7 countries. Significantly, he will also meet with the leaders of India and Brazil, two nations that have not distanced themselves from Moscow. These meetings hold immense importance in mobilizing global solidarity and building a united front against Russian aggression.

Tomorrow, Zelenskiy is set to participate in a dedicated session with the G7 leaders, followed by a broader session with Global South attendees. These discussions will shape the collective response to Russia’s invasion and strengthen alliances in addressing global security concerns.

The G7 summit in Hiroshima serves as a crucial platform for Zelenskiy to amplify Ukraine’s plight and rally support against Russian aggression. The international community’s response to this crisis will not only determine the future of Ukraine but also have broader implications for global peace and stability. As Zelenskiy takes center stage, all eyes are on the outcomes of the summit and the actions that will follow.

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