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“Tax Evasion: Take Advantage Of VAIDS Or Be Prepared to Face Prosecution”- Finance Minister

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By:Sinmiloluwa Fadoju

The Honourable Minister of Finance , Mrs Kemi Adeosun has called on tax invaders or those who have not declared their income or pay taxes accordingly to take advantage of the  Voluntary Assets and Income Declaration Scheme (VAIDS) or face prosecution at its expiration on 31st March, 2018.

She stated this during the Stakeholder Interactive Session on VAIDS which held on Thursday at the Murtala Muhammed Square in Kaduna State.

The one-day Stakeholder interactive session had in attendance business leaders, traditional rulers, captains of industry, state government officials and professional tax advisors and administrators.

Mrs Adeosun who reiterated government’s commitment to improving on her income generation for improved service delivery to the good people of Nigeria, however said citizens must play their part of effecting accurate tax payments for owned properties.

She lamented that from available data, only low income earners and mostly civil servants whose taxes are deducted at source comply while large business tycoons who earn more evade taxes.

“Currently, we have just 14 million tax payers out of 70 million who are economically active. So, many people who should be paying are not paying anything. It is the development of taxes that will help the States and the Federal Government to achieve their true potentials”

“The government is not stigmatizing or accusing anybody but will not tolerate it any further, hence Nigerians are encouraged to take advantage of the window now or invadersshould be ready to face prosecution at the expiration of the window by the end of this month” she stressed.

Mrs Adeosun recalled that VAIDS was launched on 29th June, 2017, by the then Acting President, Prof. Yemi Osinbajo, to help many Nigerians whose tax status are not up-to-date, doubtful or lagging, to regularise their tax status.

The scheme, she said, is reflective of the Federal Government’s desire to bring many more eligible tax payers into the tax net and encourage with incentives of confidentiality as well as waiver of the interests and penalties, those who had knowingly or otherwise under-declared or never declared previously earned incomes and acquired assets.

“The scheme also offers tax defaulters the option of spreading payment of outstanding liabilities over a maximum period of three years as may be agreed with the relevant tax authority.

“For tax evaders that fail to key into the VAIDS window by 31st March, 2018, they will be liable for interest on overdue tax balances, forfeiture of assets as well as imprisonment of up to five years” she stated.

Earlier, the Executive Chairman Federal Inland Revenue Services (FIRS), Mr. Tunde Fowler and the Accountant General of the Federation, Alhaji  Ahmad Idris, in their separate speeches, said the concept of VAIDS is to rekindle the very essence of collection of taxes to aid socio-economic development.

They both posited that expected development cannot come from nothing but through the commitment of resources which mostly must come through tax payments by citizens.

This is just as the FIRS boss appealed to the consciousness of Nigerians to be mindful of moral responsibility by giving what is due to government by way of tax payments which will be judiciously utilized to provide dividends of democracy.

Kaduna state Governor, Malam Nasir el-Rufai  on his part promised to provide all relevant information on all property owners in the state to all the tax authorities in the country through the Kaduna Geographical Information Service (KADGIS).

He said it is unjust and unfair that big men are mostly the ones evading taxes in Nigeria, stressing that at whatever cost, he will collaborate with relevant tax authorities to ensure that such people who fail to take advantage of the window provided by VAIDS are brought to book accordingly.

The one-day Stakeholder interactive session had in attendance business leaders, traditional rulers, captains of industry, state government officials and professional tax advisors and administrators.

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YAHAYA BELLO: PAYMENT OF SCHOOL FEES: SETTING THE RECORDS STRAIGHT 

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NO AMOUNT OF BLACKMAIL WILL MAKE HE YAHAYA BELLO ‘COME THROUGH THE BACKDOOR’

 

 

On Tuesday, 23rd April 2024, Mr. Olanipekun Olukoyede, in a conduct which we view as unbecoming of a Legal Practitioner, organised a press conference where he alleged (amongst other outrightly defamatory statements) that His Excellency, Alhaji Yahaya Bello, withdrew cash from the Kogi State Government Account, sent same to Bureau De Change Operators and then used same to pay the school fees of his children in advance.

 

According to Olukoyede, the payment was made just about the time the former Governor was to leave office.

 

Since the said press conference, receipts of payments of the said fees bearing the names of His Excellency’s Children and those of other family members, who separately paid their fees, have been flying all over the internet.

 

While we reserve our rights to seek redress against the said defamatory statements, permit us to briefly state the following for the purpose of setting the records straight:

 

1. His Excellency, Yahaya Bello’s children have attended the American International School, Abuja well before he became Governor and he has paid fees for his children as and when due and without fail.

 

2. His Excellency, Alhaji Yahaya Bello did not pay the sum of USD720,000 as alleged by the EFCC Chairman or USD840,000 as is being bandied about on the internet.

 

3. The payment of the fees was not effected at about the time his Excellency was to leave office as claimed by Mr. Olukoyede but same commenced in 2021.

 

3. Alhaji Yahaya Bello DID NOT pay the fees of his Children with monies from the Coffers of the Kogi State Government.

 

4. When the EFCC approached the American International School Abuja (AISA) to illegally recover funds legitimately paid by Alhaji Yahaya Bello and other family members, a member of the family challenged the EFCC’s unlawful acts to recover funds legitimately paid. The FCT High Court, in Suit No. FCT/HC/2574/2023 between: Mr. Ali Bello v. The Incorporated Trustees of American International School, Abuja, held that AISA could not lawfully and unilaterally refund to a third party, including the EFCC, fees paid by the parties to the suit.

 

The Court subsequently mandated AISA to continue to provide the services it had been paid with respect to the fees.

 

From the foregoing, it is clear that no money belonging to Alhaji Yahaya Bello or his family members with regard to school fees has been recovered by the EFCC.

 

5. Now, let it be known that, contrary to misleading narratives by the EFCC, all the documents published online i.e. receipts and letters, that the EFCC has released online, in furtherance of its unrelenting persecution of the former Governor, are documents filed by lawyers in the suit instituted on behalf of Alhaji Yahaya Bello and others who paid fees for their wards under the Advance Fee Payment Agreement with AISA.

Those documents, having been filed by his lawyers, are thus public documents, which shows that his Excellency, Yahaya Bello, has nothing to hide with regard to the payment of advance fees for his children. This unending harassment and persecution, even while in office, were among key reasons he sought to enforce his fundamental human rights.

 

6. We state that the payment of these fees and the legitimacy thereof is the subject matter of Charge No. FHC/CR/573/2022, filed by the EFCC since 15th December 2022 at the Federal High Court, Abuja. The Charge is pending and the Court has yet to make any finding or convicted anyone in respect of the said sum.

 

7. It is imperative to remind Mr. Olukoyede, who is a Lawyer, that once parties have submitted a dispute to the Court, they are to shun all actions and statements that may prejudice the hearing of the matter or the mind of the Court.

 

8. Since the matter is sub judice, we say no more, we await the EFCC’s proof of the allegations in Court, which is the only venue where the proof of these allegations matter.

 

9. We thank Nigerians who have recognised the obvious desperation of the EFCC boss to convict the former Governor by all means in the Court of public opinion rather than in the law court, as personal vendetta, with the connivance of like minds, and not a fight against corruption.

 

10.We implore others who might have been misled by their shenanigans not to be fooled by mischievous narratives but to

follow the case through until justice is served.

 

11. Finally, our Principal, Yahaya Bello, doesn’t visit law enforcement agencies “through the backdoor”. He has insisted on following due process in line with the rule of law. No amount of blackmail will intimidate him.

 

Thank you.

 

Signed

Ohiare Michael

MEDIA OFFICE,

HE YAHAYA BELLO

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Commissioner for Justice, Zacchaeus Adangor Resigns After Being Redeployed By Governor Fubara.

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Commissioner for Justice and Attorney-General of Rivers State, Zacchaeus Adangor has rejected his redeployment as Commissioner for Special Duties.

Zacchaeus also tendered his resignation from the state executive council.

Zacchaeus had, on 14 December, resigned his position as the Attorney-General of the state following the face-off between Governor Sim Fubara and the Minister of the Federal Capital Territory, FCT, Nyesom Wike.

Zacchaeus and other commissioners who resigned due to the political crisis in the state, however, returned to the government after being reconfirmed by the state House of Assembly.

Fubara, earlier in the week, reshuffled his cabinet and redeployed Zacchaeus as the commissioner for Special Duties (Governor’s Office).

In a letter sighted by DAILY POST and addressed to the Secretary to the Rivers State government, Zacchaeus rejected his new office.

Zacchaeus, a strong ally of Wike, in his resignation letter, accused Governor Fubara of interfering with the performance of his duties as Attorney General of the state.

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Just in: Senator Ayogu Eze Dies At 65

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Famous former lawmaker, Senator Ayogu Eze, is dead. He died at the age of 65.

Ayogu represented Enugu North in the Senate during which time he played key role of the image maker of the Senate.

He died in an Abuja hospital after a protracted illness.

Sources squealed that Ayogu had been down, a situation that made him unable to attend his child’s wedding ceremony held earlier in the year in Lagos State.

He was a founding member of the Peoples Democratic Party, PDP, before he defected to the All Progressives Congress, APC, where he ran for Enugu State governorship election.

In the Senate, he was appointed chairman of the senate committee on Information and Media, making him the official spokesperson of the senate in 2007.

After his reelection to the senate in 2011, he was appointed chairman of the committee on works.

Eze also served as a member of committees on Police Affairs, National Planning, Marine Transport and Federal Character & Inter-Government Affairs.

In May last year, the Senate confirmed the appointment of Eze and five others as Federal Commissioners for Revenue Mobilisation Allocation and Fiscal Commission, RMAFC.

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