Connect with us

General News

M.I And Friends Thrill Fans With A Night To Remember In Abeokuta

Published

on

Kindly share this post

Rap icon, M.I Abaga took the Choc Boys Nation tour to Abeokuta on the evening of Sunday the 10th of February, 2019 and he delivered a night to remember as A-list artistes graced the stage to thrill music fans in Abeokuta.

 

After memorable shows in Abuja and Ibadan, fans in Abeokuta had high expectations, and M.I & friends certainly didn’t disappoint as the likes of Blaqbonez, C-kay, AQ and Loose Kanon delivered stellar performances which delighted all in attendance.

 

The show was proudly sponsored by Gulder and Legend, two brands from the stables of Nigerian Breweries.

 

Gulder is fresh off a successful sponsorship of social media week, in which it hosted an exciting panel conversation themed around its new campaign of “Own Your Journey”.

 

Gulder aims to communicate this brand narrative to the younger demographic. Hence its decision to be part of the CBN Tour, as well as its support M.I, who has transcended the times and managed to remain relevant and consistent in Nigerian pop-culture, all whilst owning his Journey to superstardom.

 

Legend Extra Stout is on a mission to inspire young Nigerians to be themselves and nothing exemplifies more originality than seeing M.I Abaga strutting his stuff on stage.

 

His ability to connect with the audience and break the proverbial wall between performer and audience, allowing both parties to engage and interact, is second to none.

 

Stealing the show, however, was the surprise appearance of Falz. The rapper was not part of the promotional material for the Abeokuta concert, and his appearance and subsequent performance got everyone in the crowd buzzing as the “Talk” crooner delivered one of the best performances of the night.

 

Speaking after the event, Brand Manager, Gulder, Kolawole Akintimehin spoke of Gulder’s involvement in the Choc Boy Nation Tour explaining – “We believe young people are the future, and we want to be part of their success stories. We know a lot of young people are inspired by M.I and rightfully so.

 

“He is an accomplished entertainer whose rise to prominence has seen him become one of the most influential personalities in the music industry.

 

“We feel in a lot of ways, M.I is a great example of Gulder’s new campaign. He has never shied away from challenges and has sought to grow from stride to stride, owning his journey along the way.

 

“With the CBN Tour, we are able to reach this young demography and inspire them to become the best they can be, urging them to never depart from their path but to own their journeys instead”.

 

After a memorable night in Abeokuta, the CBN tour is set to hit various other states across the country, as M.I and friends show no signs of slowing down.

 


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Continue Reading
Advertisement
Comments

General News

New Tax Law Empowers NRS to Fine Offenders up to N10m

Published

on

Kindly share this post

The newly enacted Nigeria Tax Administration Act, 2025, has empowered the Federal Inland Revenue Service (FIRS), renamed Nigeria Revenue Service (NRS), to impose fines for individuals and companies for failing to register, file returns, use tax technology, or disclose basic information like a change of business address.

New Tax Law Empowers NRS to Fine Offenders up to N10m

The Act is among the tax laws signed by President Bola Tinubu on June 26.

The tax administration law is expected to take effect from January 1, 2026, under a renamed agency — the Nigeria Revenue Service (NRS), currently known as the FIRS.

The Act, which is an updated version of previous fragmented tax enforcement provisions, outlines a comprehensive list of offences and corresponding penalties, with fines ranging from N10,000 to N10 million, as well as prison terms of up to 10 years for serious breaches.

Under the general offences and penalties section of the law, a taxable person who fails to register with the relevant tax authority is liable to a N50,000 fine in the first month and N25,000 for each subsequent month of default.

The Act stressed that companies that award contracts to unregistered vendors will face a N5 million penalty.

The law also imposes a N100,000 fine for failure to file tax returns, plus N50,000 monthly for as long as the failure continues.

“A taxable person who fails or refuses to file returns or knowingly files incomplete or inaccurate returns to the relevant tax authority in accordance with the provisions of this Act, shall be liable to pay an administrative penalty of (a) 100,000 in the first month in which the failure occurs; and (b) N50,000 for each subsequent month in which the failure continues,” the Act reads.

“A taxable person who Failure to books (a) fails to keep accounts, books and records of business transactions and income, to allow for the correct ascertainment of tax and filing of returns to the relevant tax authority; or (b) upon request by the relevant tax authority, fails to provide any record or book prescribed in this Act shall be liable to pay an administrative penalty of- (i) in the case of a person other than a company, N10,000, and (ii) in the case of a company, N50,000.”

Also, the law states that failure to notify the tax authority of a change of address within 30 days of such change, giving a wrong address, or failing to comply with the requirement for notification of permanent cessation of trade or business under the relevant tax laws shall be liable to an administrative penalty.

“A taxable person who fails to notify the relevant tax authority – Failure to notify change of address (a) N100,000 for the first month in which the failure occurs; and (b) 45,000 for each subsequent month failure persists,” the law reads.

In a bid to modernise tax compliance, the Act makes it compulsory for businesses to allow the Federal Inland Revenue Service (FIRS) to deploy fiscalisation technology or face a N1 million fine for the first day of refusal and N10,000 for each day after.

Any business that fails to process sales through the fiscalisation system will also be fined N200,000, pay 100 percent of the tax due, and accrue interest at the prevailing Central Bank of Nigeria (CBN) monetary policy rate.

The Act is especially punitive toward those who fail to deduct or remit taxes.

“A person that deducts, collects, or withholds any tax under this Act, and fails to remit the amount deducted, collected, or withheld by the 21st day of the month immediately succeeding the month in which the amount was deducted, collected, or withheld, is liable to pay,” it added.

“Failure to remit tax deducted source or self-account (a) the amount deducted, collected or withheld but not remitted; (b) an administrative penalty of 10% per annum of the tax deducted, collected or withheld but not remitted; and (c) interest at the prevailing Central Bank of Nigeria monetary policy rate. “A person convicted of any of the offences under this section shall be liable to a term of imprisonment not exceeding three years, or a fine of not less than the principal amount due plus a penalty of not more than 50% of the sum, or both.

“A person who (a) fails to comply with the requirements of a notice served under this Act or any other tax law; (b) fails to attend or provide answers to a notice, summons or process served under this Act or any other tax law; or (c) having attended, fails to answer any question lawfully put to him, is liable to an administrative penalty of N100,000 in the first day of default and N10,000 for every subsequent day where the default.”


Kindly share this post
Continue Reading

General News

Taskforce Arrests Six for over Fake Lottery Scam

Published

on

Kindly share this post

Lagos State Environmental and Special Offences Enforcement Unit (Taskforce) has apprehended six suspects allegedly involved in a fraudulent lottery scheme that targeted unsuspecting residents at Iyana-Ipaja.

Taskforce Arrests Six for over Fake Lottery Scam

Those arrested include Amaike Nelson, Kenneth Opuana, Oguntade Olusegun, Ogologo Obi, Goodluck Abel, and Oluwafunmilayo Adebimpe. The syndicate was tracked down following intelligence reports about their activities.

According to the taskforce, the suspects lured a 19-year-old student, identified as Rukayat Kamilu, into a manipulated street game. During the encounter, the group reportedly coerced her into surrendering her mobile phone and personal belongings.

The victim said one of the suspects, later identified as Oguntade Olusegun, posed as a confused passer-by seeking help to pick a “winning number.” After she got involved, her phone was seized, and she was allegedly pressured to pay N100,000 to retrieve it.

Acting on a tip-off, operatives led by CSP Adetayo Akerele, chairman, stormed the area and arrested the suspects. Several empty Android phone boxes, allegedly used as props in the scam, were recovered during the operation.

Condemning the criminal act, Akerele assured residents that the agency is intensifying its crackdown on street scams across the state.

“Our responsibility is to safeguard the lives and property of Lagosians. We will leave no room for such fraudulent activities to thrive,” he stated.

The suspects were subsequently arraigned before a Magistrates’ Court on charges bordering on gambling, extortion, theft, and conspiracy.

They all pleaded guilty. The court ordered that they remain in custody pending further hearing, scheduled for August 7, 2025.


Kindly share this post
Continue Reading

General News

FG Plans N50m STEEM Grant to Support Student Innovation in August

Published

on

Kindly share this post

In a giant stride to support innovation, entrepreneurship and economic transformation, the Federal Government is set to unveil a N50 million grant for Science, Technology, Engineering, Mathematics and Medical Sciences (STEEM) students in Nigeria’s tertiary institutions.

The project, which is referred to as the Student Venture Capital Grant (S-VCG), is a pioneering initiative designed to empower the students towards building the next generation of scalable, job-creating ventures.

According to a statement by the Director of Press and Public Relations in the Ministry of Education, Folashade Boriowo, Friday, the initiative will be formally unveiled in August by the Minister of Education, Dr. Tunji Alausa.

Boriowo stated that the minister made the disclosure during a stakeholders’ engagement session held in Abuja in the presence of vice-chancellors, provosts, rectors, student leaders, academic staff, and development partners, and will chart a collective course for nurturing student-led innovation.

The statement noted that the grant targets full-time undergraduate students in STEMM disciplines (Science, Technology, Engineering, Mathematics and Medical Sciences), specifically those in 300 level and above.

“Each selected student-led project will be eligible to receive startup funding of up to N50 million, along with access to mentorship, incubation services and business development support.

“The initiative will be implemented in partnership with the Bank of Industry (BoI) to ensure financial transparency, impact measurement and effective project execution.

“S-VCG is not just a grant. It’s a launchpad for bold, young innovators to lead Nigeria’s industrial and technological transformation,” said Alausa.

Speaking at the session, the Minister of State for Education, Prof. Suwaiba Sa’id Ahmad, described the grant as a strategic investment in Nigeria’s knowledge economy.

“We’re building a stronger, more competitive future by supporting innovation from the ground up,” she said, adding that the programme’s design was informed by months of consultation with students, faculty and institutional leaders.

Participants at the event welcomed the STEMM-Up Grant as a timely, strategic and high-impact initiative that will drive youth innovation, tackle graduate unemployment, and position Nigeria as a hub for student-led entrepreneurship in Africa.

 


Kindly share this post
Continue Reading

Trending