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NLC Opposes New Policy on Customs Duty

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  • NLC Opposes New Policy on Customs Duty

The leadership of Nigeria Labour Congress, NLC, weekend, condemned the new policy of the Nigeria Customs Service, NCS, which directed all motor dealers and private vehicle owners, whose customs duty were not paid to do so before April 12, 2017, describing such directive as unrealistic.

The National President of NLC, Comrade Ayuba Wabba, said in a letter addressed to the Comptroller-General of Customs, NCS, Colonel Hameed Ali (retd), said the policy was self-serving, to enrich some “unscrupulous personnel” of the service.

Comrade Wabba in the letter dated March 7, 2017, said instead of coming up with a policy that would be difficult to implement, the NCS should devise a coherent response that will deal with the myriads of challenges facing the service, including porous borders and extortion on the roads.

The letter read: “Our attention has been drawn to a press statement dated Tuesday, March 2, 2017 and signed by Mr. Joseph Attah, Acting Public Relations Officer on behalf of the Comptroller-General directing ‘all motor dealers and private owners’ of vehicles ‘whose customs duty has not been paid, to do so,’ between Monday, March 13 and Wednesday, April 12, 2017, as ‘there will be an aggressive anti-smuggling operation to seize as well as prosecute owners of such smuggled vehicles after the deadline of Wednesday 12th of April 2017.’

“The statement accordingly, directed vehicle owners to Customs zonal offices in Lagos, Kaduna, Port Harcourt and Bauchi to have their vehicles certified, if Customs duty has been paid on them.

“We are all aware that one of the statutory functions of the Nigeria Customs Service is to collect tax on behalf of the government, often times in the form of duty on vehicles.

“The citizenry, both corporate and non-corporate, as part of their civic and commercial responsibilities, are expected to pay appropriate duties on their vehicles as demanded by the law.

“Sadly, some, out of irresponsibility or sheer criminality, devise ways and means of evading this responsibility. For instance, some take measures as desperate as “flying” their vehicles into the country, thus denying government the needed revenue.”

“We strongly hold the view that those who break the law or seek to break the law should be sanctioned to serve as a deterrent to others. The need to enforce tax laws in our country is all the more necessary because of Social Justice and other dwindling revenue sources.

“Our support for the Nigerian Customs Service is therefore not in doubt. If anything, the Customs should be encouraged to do their work well.

“However, we are opposed to this new policy. It is logistically-callous and will create unimaginable chaos and suffering for innocent vehicle end-users.

“It is self-serving and will in the end enrich unscrupulous Customs personnel who contributed in no small to the present situation through acts of commission or omission. It will amount to rewarding their complicity.

“It is common knowledge that duties on imported vehicles are payable at the point of entry. Subjecting vehicle end-users to this kind of trauma, majorly of whom have no hand in the importation of their vehicles, is unfair and unacceptable.

“There is no information on the vehicles to be excluded from this exercise. This presupposes that the owner of a Morris Minor or a Peugeot 404 brought into this country in the 70’s is similarly affected.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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Israeli President Declares Iran’s Actions a ‘Declaration of War’

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Israeli President Isaac Herzog has characterized the recent series of attacks from Iran as nothing short of a “declaration of war” against the State of Israel.

This proclamation comes amidst escalating tensions between the two nations, with Iran’s aggressive actions prompting serious concerns within Israel and the international community.

The sequence of events leading to Herzog’s grave assessment began with a barrage of 300 ballistic missiles and drones launched by Iran towards Israel over the weekend.

While the Israeli defense forces managed to intercept a significant portion of these projectiles, the sheer scale of the assault sent shockwaves through the region.

President Herzog’s assertion of war was underscored by Israel’s careful consideration of its response options and ongoing discussions with its global partners.

The gravity of the situation prompted the convening of the G7, where member nations reaffirmed their commitment to Israel’s security, recognizing the severity of Iran’s actions.

However, the United States, a key ally of Israel, took a nuanced stance. President Joe Biden conveyed to Israeli Prime Minister Benjamin Netanyahu that, given the limited casualties and damage resulting from the attacks, the US would not support retaliatory strikes against Iran.

This position, though strategic, reflects a delicate balancing act in maintaining stability in the volatile Middle East region.

Meanwhile, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Hossein Amir-Abdollahian cautioned against further escalation, emphasizing the potential for heightened tensions and provocative acts to exacerbate the situation.

In response to the escalating crisis, the Nigerian government issued a call for restraint, urging both Iran and Israel to prioritize peaceful resolution and diplomatic efforts to ease tensions.

This appeal reflects the broader international consensus on the need to prevent further escalation and mitigate the risk of a wider conflict in the Middle East.

As Israel grapples with the implications of Iran’s aggressive actions and weighs its response options, President Herzog reiterated Israel’s commitment to peace while emphasizing the need to defend its people.

Despite calls for restraint from global allies, Israel remains vigilant in safeguarding its security amidst the growing threat posed by Iran’s belligerent behavior.

The coming days are likely to be critical as Israel navigates the complexities of its response while international efforts intensify to defuse the escalating tensions between Iran and Israel.

The specter of war looms large, underscoring the urgency of diplomatic engagement and concerted efforts to prevent further escalation in the region.

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