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FG Dismantles Roadside Levies Nationwide

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roadside levies nationwide

By Adedapo Adesanya

The federal government has banned the mounting of roadblocks for the collection of taxes and levies nationwide as part of a sweeping reform of the country’s tax administration system.

It also signed a new Presumptive Tax Framework (PTF) aimed at bringing millions of small and informal businesses into the formal economy through simplified tax processes.

According to the Executive Secretary of the Joint Revenue Board (JRB), Mr Olusegun Adesokan, the new framework expressly prohibits the use of roadblocks by tax officials to collect levies, which has been heavily criticised by businesses and transport operators.

“It also bans the mounting of roadblocks for the collection of taxes,” he said.

He further disclosed that the framework outlaws cash collection by tax authorities and promotes the use of technology-driven payment systems to ensure transparency and accountability.

“Apart from encouraging the use of technology for payment of taxes and cash collection, it bans all forms of cash collection by tax authorities,” Mr Adesokan added.

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, described the PTF as a key component of the tax reform programme under the administration of Bola Ahmed Tinubu.

Mr Edun said the framework is designed to expand the nation’s tax base while protecting small businesses from excessive burden.

According to him, the presumptive tax system will rely on clear indicators such as business category and turnover levels rather than complex accounting requirements.

“The objective of presumptive taxation is not to overburden small businesses, but to provide a fair, simple and predictable framework for tax compliance,” he said.

He stressed that the government’s fiscal strategy is anchored on widening the tax net instead of increasing tax rates.

“Our fiscal strategy is anchored on expanding the tax base rather than increasing tax rates. Inclusion drives sustainability,” the minister said.

Mr Edun noted that micro and small enterprises form the backbone of Nigeria’s economy and that the framework seeks to reduce compliance costs while creating a structured pathway for them to transition into the formal sector.

He added that the regulations would provide clarity for tax authorities across the country and protect taxpayers from arbitrary assessments.

“These regulations provide clarity to tax authorities and protect taxpayers from arbitrary assessments. The system will be transparent, rules-based and nationally consistent,” he said.

He also said that strengthening non-oil revenue through a broader tax base would enhance the government’s capacity to fund infrastructure, security, social investment and economic growth.

The minister explained that the regulations were developed in collaboration with the JRB to ensure alignment between federal and state tax administrations.

Earlier, Mr Adesokan described the framework as a major step towards making the tax system fairer for ordinary Nigerians.

He said the reform reflects President Tinubu’s commitment to ensuring that the tax system supports economic growth rather than placing pressure on struggling citizens.

“This revolution is another demonstration of President Bola Ahmed Tinubu’s commitment to taxing prosperity and not poverty,” he said.

Mr Adesokan disclosed that businesses with an annual turnover of up to N50 million would be exempted from tax under the new arrangement.

“It ensures that our nano and small businesses with an annual turnover of 50 million naira are exempted from tax,” he said.

He explained that the exemption would allow small entrepreneurs to retain capital for growth before eventually entering the tax system, while other informal businesses above the threshold would be subject to a simplified turnover-based tax rate.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Yuno, Onafriq to Unlock Pan-African Payments for Global Merchants

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By Modupe Gbadeyanka

A partnership for the integration of Onafriq’s leading pan-African payment network into Yuno’s orchestration platform has been entered into between the two organisations.

This collaboration gives merchants a single connection to Africa’s most expansive payments infrastructure, bringing the continent’s most expansive payments infrastructure to merchants worldwide.

Through this integration, Yuno’s clients gain instant access to Onafriq’s network spanning 43 African markets, nearly one billion mobile wallets, 500 million bank accounts, and 2,000 cross-border payment corridors, all through Yuno’s single, developer-friendly API.

The partnership is part of Yuno’s broader strategy to build a truly global platform that connects merchants to every meaningful payment method and network, regardless of geography. Following successful expansion in the Middle East, Europe, and Asia, Africa is a key pillar of Yuno’s next phase of growth.

For Onafriq, the integration with Yuno extends its reach to an entirely new segment of global merchants who now benefit from a streamlined entry point into African markets. The partnership reinforces Onafriq’s mission of making borders matter less, bringing together mobile money operators, banks, fintechs, and enterprises into one connected payment ecosystem.

“Africa represents one of the most exciting growth opportunities in global commerce, and yet too many merchants are still locked out by payment infrastructure that wasn’t built for scale.

“Our partnership with Onafriq changes that. By bringing their unmatched African network into our infrastructure layer, we’re giving our clients a single path to a continent-wide ecosystem with the reliability, compliance, and local depth they need to grow with confidence,” the chief executive of Yuno, Mr Juan Pablo Ortega, stated.

Also commenting, the chief executive of Onafriq, Mr Dare Okoudjou, said, “Africa’s payment landscape has never lacked ambition or momentum; what it needed is the right infrastructure that matches its pace.

“Our partnership with Yuno changes the equation for global merchants who want to be part of this growth story. Through a single connection, global merchants can reach consumers and businesses across Africa more seamlessly than ever before, while more people across the continent gain access to the digital economy on their own terms. For us, this is what making borders matter less looks like in practice.”

Onafriq’s infrastructure supports the full payment lifecycle, from real-time disbursements and omnichannel collections to card issuance, treasury management, and stablecoin settlement, all underpinned by local regulatory licences and ISO 27001 and CMML3-certified security.

For Yuno’s merchant base, this means the ability to pay out to mobile wallets, bank accounts, or cash pickup points, and accept payments across channels, without managing multiple integrations or compliance frameworks independently.

The integration is now live and available across Egypt, Ghana, Kenya, Nigeria, Cameroon, Côte d’Ivoire, and Uganda. Yuno’s clients can access Onafriq’s capabilities, including mobile money disbursements and collections, card issuance, and FX treasury services, directly from the Yuno dashboard with no additional contract or integration required.

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SERAP Sues NNPC Over Alleged N5.9bn Rebranding Expenditure

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By Adedapo Adesanya

The Socio-Economic Rights and Accountability Project (SERAP) has dragged the Nigerian National Petroleum Company (NNPC) Limited to court over its alleged failure to account for N5.9 billion reportedly spent on its rebranding and transitioning from a corporation to a liability company.

In the suit filed at the Federal High Court in Abuja, SERAP is seeking an order compelling the national oil firm to explain how the funds were spent and disclose the officials and contractors involved in the process.

According to the organisation, the NNPC allegedly spent N2.9 billion from petroleum product proceeds on incorporation expenses, while the National Petroleum Investment Management Services (NAPIMS) reportedly charged another N2.9 billion to crude oil revenue for the same purpose, bringing the total expenditure to about N5.9 billion.

SERAP said it is seeking “an order of mandamus to direct and compel the NNPCL to account for about N5.9 billion allegedly spent on the rebranding of the NNPC to the NNPCL.”

The group also asked the court to compel the company to provide “a comprehensive reconciliation statement detailing the specific financial transactions relating to the N5.9 billion expenditure, including the identities of the contractors involved and how the funds were utilised.”

It further requested the disclosure of the names and official positions of government officials who authorised and approved the expenditure, as well as clarification on whether the spending complied with procurement laws and due-process requirements.

The suit, marked FHC/ABJ/CS/1248/2026, was disclosed in a statement issued on Sunday by SERAP Deputy Director, Kolawole Oluwadare.

The legal action was filed on behalf of SERAP by lawyers, Ms Oluwakemi Agunbiade, Ms Kehinde Oyewumi and Mr Andrew Nwankwo.

According to SERAP, the Senate Committee on Public Accounts had reportedly raised concerns over the expenditure categorised as incorporation and transition costs during the transformation process.

“The Committee described the spending of the ₦5.9 billion as excessive, unjustifiable and deserving of further explanation, investigation and legislative scrutiny in the public interest,” the organisation stated.

SERAP argued that the public has a right to know how the funds were spent, insisting that transparency and accountability must guide the operations of the state-owned oil company.

“The NNPCL has a legal responsibility to explain whether the ₦5.9 billion expenditure represents value for money, constitutes lawful spending of public funds, and complies with applicable due-process requirements,” SERAP said.

“There ought to be full transparency and accountability regarding the reported ₦5.9 billion spent on rebranding NNPC to NNPCL. Nigerians have the right to know who approved the expenditure, who received the funds, the nature of the services rendered, and whether due process and procurement requirements were strictly followed.”

The organisation added that disclosing the identities of the officials involved and the approval process would enable Nigerians to assess whether the expenditure was properly authorised and in line with extant laws.

SERAP further argued that the alleged failure to account for the funds reflects broader accountability concerns within the NNPCL.

“The failure to account for the spending of the ₦5.9 billion on the rebranding from NNPC to NNPCL reflects a broader failure of accountability and is directly linked to the institution’s continuing inability to uphold transparency and accountability principles,” it stated.

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Makinde Reassures Safe Return of Abducted Oriire Pupils, Teachers

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Seyi Makinde of Oyo

By Adedapo Adesanya

The Governor of Oyo State, Mr Seyi Makinde, has reassured residents that his administration remains committed to securing the safe release of the pupils and teachers abducted from schools in Oriire Local Government Area about a month ago.

In a message contained in his monthly newsletter, the governor acknowledged the pain and anxiety experienced by families and communities since the victims were abducted from schools in the Yawota and Ahoro-Esinle communities almost 30 days ago.

He described the incident as a difficult period for the state, noting that many families have continued to endure uncertainty over the fate of their loved ones.

According to the governor, although repeated assurances may have left some residents doubtful, efforts to rescue the victims have not relented, stressing that security agencies are pursuing every credible lead and deploying all lawful means necessary to secure the release of the abducted pupils and teachers.

Mr Makinde explained that intelligence reports indicate the victims are still within the wider Old Oyo National Park axis, a vast terrain stretching across about 10 local government areas and covering approximately 2,500 square kilometres.

He noted that the difficult terrain poses operational challenges for security agencies, requiring patience, coordination and sustained efforts to ensure a successful rescue mission.

The governor urged residents to remain vigilant and report suspicious activities through the state’s toll-free emergency line, 615, while also cautioning against the spread of unverified information that could undermine ongoing security operations.

Mr Makinde assured families that their loved ones have not been forgotten, stressing that the safe return of the victims remains a top priority for both the state government and security agencies.

“We are doing everything within our power to bring them home safely,” the governor said, while calling on residents to continue praying for the safe return of the abducted pupils and teachers,” he promised.

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