General News
Sule Lamido Joins Presidential Race, Unsettles Aso Rock, PDP

Last-minute decision of Dr. Sule Lamido, Jigawa State governor, to challenge President Goodluck Jonathan in next year’s presidential election may have stirred some troubles in the Presidency, according to Vanguard Newspapers.
The two-term governor’s decision is said to have rattled President Jonathan and the party, which had long concluded that the race would be a straight fight between the president and others from the opposition parties.
According to the Vanguard, given its internal permutations, the PDP believes that Jonathan would have a smooth sail to the election, as no other candidate would be able to challenge him and get victory at its planned national convention, which some see as a mere formality for the incumbent to be crowned.
The newspaper gathered from very reliable Presidential sources that there is apprehension in the Presidency following the confirmation of Lamido’s plans.
Former President Olusegun Obasanjo is a friend and father figure to Lamido.
One of the sources said that the Presidency and the PDP had initially dismissed the rumoured ambition of the governor with the hope that it was mere speculation that would fizzle out with time.
A reliable source said that based on the information that Lamido had concluded plans to run for the presidency, Jonathan immediately summoned him to the Presidential Villa to clear the air on the issue.
One of the sources said that Jonathan was shell shocked when Lamido stormed the Villa recently and told the President openly that he was keen on running in the next polls.
“At that point, the President was shocked to hear from Lamido that his presidential ambition should not be seen as mere rumour, as he had made up his mind to run against him,” a presidential source said.
“The way Lamido spoke with the President showed that he was not ready to back down from the race and the way he spoke about the matter was a bit unsettling to Mr. President, who had all along regarded him as one of the governors, who could not move against him,” the source explained.
Lamido was said to have told the President that he had made up his mind to contest against him in the next polls despite a deliberate attempt by forces opposed to his ambition to frame him and his children up.
The governor, it was learnt, told the President that he was upset by the frequent embarrassment of his children by some agencies of government over allegations that one of them passed through an airport without declaring $40,000 in his possession.
He is said to have also drawn the president’s attention to the fact that there was a deliberate attempt by government agencies to tarnish his family’s image all in a bid to make him drop his presidential ambition but that he was not ready to back out of the race.
The action of the governor is said to have angered the Presidency, which promptly reported him to the National leadership of the PDP and asked it to call him to order.
It was learnt that Lamido was emboldened to go for the top job by some of his governor friends and prominent Nigerian leaders, who are uncomfortable with the way things are going in the land.
Almost at the same time early in the month, documents began to fly about that Lamido received gratification of N1.3 billion from two contractors, who had completed two projects valued at N13 billion.
Although an EFCC agent admitted last night that the agency had been investigating the Lamido family for a long time, he denied that the information on the N1.3 billion bribe allegation was instigated by the Presidency.
“Let me tell you that since we arrested Lamido’s son at the airport over non-declaration of $40,000, our operatives have been investigating the family’s account and it is not at the instance of the Presidency as some people are alleging,” the EFCC official said.
But confronted yesterday to confirm or deny his rumoured ambition, Lamido declined to make a categorical statement on the matter.
The governor however foreclosed the possibility of going to the Senate as is the practice of most of his outgoing colleagues.
According to him, the atmosphere for him to become president is not yet there, adding that it is better for him to seek a higher office than to go the legislature to make laws after implementing laws passed by others for eight years.
General News
New Tax Law Empowers NRS to Fine Offenders up to N10m

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.
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.”
General News
Taskforce Arrests Six for over Fake Lottery Scam

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.
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.
General News
FG Plans N50m STEEM Grant to Support Student Innovation in August

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.
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