General
NLC Rejects 6% Tenancy, Lease Agreements Tax
By Adedapo Adesanya
The Nigeria Labour Congress (NLC) has rejected the decision of the federal government to impose a six per cent stamp duty on every tenancy and lease agreement in the country.
The group in a statement issued on Saturday by its President, Mr Ayuba Waba, called the move a harsh fiscal policy that is insensitive to the plights of citizens.
They rejected the new stamp duty policy of the Federal Inland Revenue Service (FIRS) and instead, recommended that the government considers introducing property tax on the numerous unoccupied houses across the country that are presumably owned by the rich.
The statement also described the decision to enforce the tenancy and lease agreement tax as illogical and inhumane, especially because of the harsh economic realities of the COVID-19 pandemic on the poor.
“We call on the federal government and the Federal Inland Revenue Service to rescind this harsh fiscal measure as it is boldly insensitive to the material condition of Nigerians which has been compounded by the COVID-19 health insurgency.
“Nobody would want to be a tenant if they had an alternative. This means that tenants, which this new policy targets, are some of the most vulnerable people in our society. It would be illogical, insensitive and inhumane to churn out laws that make our poor go to bed at night with tears in their eyes.
“The principle of public taxation especially progressive taxation all over the world is that the rich subsidise for the poor. Every tax policy that would be enforceable must create a safety net for the poor.
“Recent policies of government indicate otherwise. Accommodation is a fundamental right guaranteed by Nigeria’s constitution.
“It is unimaginable that tenants who are in the most vulnerable group would be expected to pay six per cent tax for accommodation when sales tax is 1.5 per cent. This is indeed a great injustice against the Nigerian poor.
“Government must take deliberate steps to avoid institutionalizing the widespread belief that it is a crime to be poor in Nigeria,” the statement read in part.
Business Post had reported that FIRS, on July 22, asked landlords and property agents to ensure that they charge six per cent stamp duty on all tenancy and lease agreements they enter into with all renters and remit same promptly to the service so that they do not run foul of the Stamp Duty Act.
According to the Executive Chairman of the FIRS, Mr Muhammad Nami, property-related transactions like tenancy or lease agreement fall under the Ad Valorem category of the stamp duty which attracts six per cent duty payable in the percentage of the total value or sum of the tenancy or lease.
General
Court Acquits Abba Kyari of 23-Count Asset Declaration Charge
By Adedapo Adesanya
Justice James Omotosho of the Federal High Court in Abuja has discharged and acquitted the suspended Deputy Commissioner of Police Abba Kyari of a 23-count charge of alleged non-declaration of assets filed against him by the National Drug Law Enforcement Agency (NDLEA).
Mr Kyari is being charged alongside his two brothers, who were accused of swearing to false affidavits to conceal the origin of some properties.
The court in its judgment held that the NDLEA failed to provide sufficient evidence to prove its case against the defendants, which is mostly the non-declaration of land properties.
Justice Omotosho noted that proving ownership of landed properties can be done through traditional history, title, acts of possession and possession by connection.
The prosecution did not provide any of these documents to show that the said properties located in Fountain Estate, Kasana, which belong to Ramatu Kyari, are truly owned by the police officer.
Also, the court held that the prosecution did not provide the same material evidence linking Mr Kyari to properties in Linda Choko Road, Asokoro and also Maiduguri in Borno State.
Mr Kyari, in his defense said the properties in Borno belonged to his father, which he left for him and his siblings.
It was judged that the prosecution did not prove otherwise, adding that the prosecution charged Mr Kyari’s brothers in bad faith for alleged conspiracy, which they failed to prove.
General
NCC Arraigns Netnaija’s Emma Analike Over Alleged Copyright Infringement
By Modupe Gbadeyanka
The chief executive of Netnaija Media Enterprises, Mr Emmanuel Analike, has been arraigned before a Federal High Court sitting in Abuja by the Nigerian Copyright Commission (NCC).
The suspect appeared before Justice Suleiman Liman on Wednesday over allegations bordering on copyright infringement.
He was accused by the NCC of using his online platform to make movies and others not belonging to him available for users to download on the internet.
According to the agency, Mr Analike has infringed copies of audio-visual materials distributed online via his website for online users. Netnaija is an online movie and music download site.
The prosecution counsel, Ms Gladys Isaac-Ojo, who works with the NCC, told the court that the defendant committed an offence contrary to and punishable under Section 44 (1) (a) of the Copyright Act, 2022.
However, Mr Analike pleaded not guilty to the charges preferred against him, prompting his counsel, Nnemeka Ejiofor, seek his bail.
The lawyer informed the court that the application was filed on Monday and supported by 23 paragraphs of affidavits and a written address.
But the judge refused to give a bench ruling and adjourned the ruling of the bail application to Monday, March 9, 2026, ordering the remand of the Netnaija chief in Kuje Correctional Centre.
General
Entries Open for ClimateLaunchpad Green Business Ideas Competition
By Modupe Gbadeyanka
Entries for the 2026 edition of the world’s largest green business ideas competition, ClimateLaunchpad, have opened.
In 2025, the programme, organised by Climate KIC, received over 2,700 applications from 40 countries. The winning ventures gain prize money, investor connections, and access to a global cleantech network.
This year’s edition is expected to be bigger and better, with climate innovators, green venture builders, and entrepreneurs from around the world given the opportunity to apply.
Since its inception in 2014, the programme has supported nearly 5,000 ideas across 97 countries, and this year, it is expanding its presence in Asia with Singapore hosting both the regional final and global grand final for the first time.
Participants move through several stages, including an initial mini-course to refine the concept, an intensive multi-day Boot Camp led by expert trainers, targeted coaching to perfect value propositions and investor pitches, national and regional finals, and a place at the global grand final, with prizes and access to a global climate network.
“Strengthening ClimateLaunchpad’s presence in Asia marks a profound new chapter for this programme and for the climate innovation movement more broadly. Asia is where so much of the world’s climate and nature future will be shaped, through business leadership, public-private partnerships and long-term strategic thinking,” the chief executive of Climate KIC, Kirsten Dunlop, stated.
“We look forward to supporting this momentum with new business ideas and innovation ecosystem collaborations across more than a dozen countries.
“This expansion opens space for deeper cross-cultural connections and for first-time founders to turn sparks of imagination into solutions that serve both people and planet,” Dunlop added.
Also commenting, the chief executive of Better Earth Ventures, Ms Rebecca Sharpe, said, “We are proud to host ClimateLaunchpad’s regional and global grand final in Singapore and to convene an international group of climate entrepreneurs from more than 50 countries.
“Climate solutions are emerging from every corner of the world, and bringing them together creates the kind of cross-border exchange and collaboration this moment demands. Our focus is to ensure early-stage founders have the structure, ecosystem access and support needed to move from idea to credible impact.”
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