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FIRS Hands Over 114 Companies To AGF For Prosecution

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At the African Union (AU) High-Level Panel on Illicit Financial Flows in Abuja yesterday, Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler disclosed that 114 companies have been handed over to Attorney General of the Federation’s office for prosecution.
While going through Abuja Geographic Information Service (AGIS), FIRS discovered hidden landed properties allocated to the companies but which no taxes had ever been paid.
However, when approached, the 114 companies denied that the properties did not belong to them.
“The 114 companies claimed they were unaware of land allocated to them but AGIS has confirmed the ownership for all the cases referred to them and we will soon hand these cases over to the Attorney-General on the way forward, he said”
Fowler revealed that the total tax debt recovered from January 2017 to 31st August 2018 was N3.632 billion.
Speaking on the issuance of tax notification obligation to Company Income Tax (CIT), non-compliant companies that own properties and identified non-filers for Abuja, Fowler stated FIRS issued 2,672 demand notices; 653 those now filing and N2.983 billion as total payments for demand notices for Abuja properties
The tax boss identified components of illicit financial flows (IFF) in Nigeria to include commercial activities which are illegal flows from business activities that lead to hiding wealth, evading or aggressively avoiding tax, and dodging customs duties and domestic levies;
IFFs he added, are often driven by criminal activities with the purpose of keeping the transactions from the view of law enforcement agencies or revenue authorities; and Corruption.
He described corruption as money acquired through bribery and abuse of office by public officials saying that they are enormous and can otherwise be used to further develop different beneficial projects to the society.
Fowler also identified IFFs also occur through payments of expatriates’ staff emolument and remuneration and failure to declare for personal income tax purposes on such emoluments to the relevant tax authorities.
In addition, illegally acquired money is laundered through real estate transactions in choice locations outside Nigeria; Illegal transfer of money via unapproved channels; mispricing of goods and services transferred between interrelated Nigeria based companies and individuals to offshore based entities and individuals; profit shifting through excessive interest payments on foreign and locally sourced loans and misinvoicing of imports and exports.

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CAS lauds troops for courage, sacrifices against terrorists

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Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, had lauded the courage and commitment of troops of the Nigerian Air Force (NAF) to the ongoing counter-insurgency operations in North East Nigeria.

Abubakar gave the commendation during a morale-boosting visit to the Air Component of Operation HADIN KAI in Maiduguri, Borno.

This is contained in a statement by the Director, Public Relations and Information, NAF, Air Commodore Ehimen Ejodame, yesterday, in Abuja.

The CAS said their sacrifices were etched in the history of the nation, and in the hearts of millions of Nigerians who sleep safer because of the troops’ vigilance.

He emphasised that their bravery and resilience in the face of adversity have not gone unnoticed, saying his visit underscored the vital role airpower plays in neutralising threats and protecting communities.

Abubakar pledged continued investment in cutting-edge technology to empower frontline units.

According to him, the NAF remains steadfast in its mission, guided by leadership, strengthened by unity, and driven by the selfless service of its personnel.

The visit comes at a critical moment, reinforcing the importance of public support for military operations and spotlighting the human element at the heart of national defence.

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Nigeria Ranks Top In Africa’s Soft Drinks Market 

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Nigeria’s soft drinks and beverage market continues to show strong growth potential, making it the leading consumer of soft drinks in Sub-Saharan Africa, according to the German Mechanical Engineering Industry Association.

A statement by the VDMA disclosed during a press conference held in Lagos ahead of drinktec 2025, that Nigeria consumed over 53 billion litres of soft drinks in 2024, placing it well ahead of other African countries such as Ghana and South Africa.

Despite challenges such as inflation and a weakening naira, Nigeria’s growing population, rising urbanisation, and expanding middle class are key factors driving demand in the beverage sector.

Bottled water led the segment with 48.7 billion litres sold in 2024, a figure projected to rise by 27% to 62 billion litres by 2028.

Carbonated soft drinks followed with 3.4 billion litres, expected to reach 4.4 billion litres by 2028, while energy drinks are forecasted to grow by 30% over the same period. Juices, though relatively small, are also on an upward trajectory.

“The Nigerian beverage market is expanding quickly due to increasing accessibility and affordability,” VDMA stated, citing data from Euromonitor International.

Set to take place in Munich from 15 to 19 September 2025, drinktec is the world’s leading trade fair for the beverage and liquid food industry.

VDMA, a key exhibitor and technical partner for the event, revealed that Nigerian participation is expected to be strong, especially as the country anticipates economic recovery.

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Soyinka Slams NBC Over Ban On Eedris Abdulkareem’s Protest Song 

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Nobel Laureate, Prof. Wole Soyinka, has condemned the recent ban placed on a song by Nigerian musician, Eedris Abdulkareem, describing the development as a return to the culture of censorship and a threat to the right to free expression.

Abdulkareem had waxed a song titled “Tell Your Papa” which criticized President Bola Tinubu’s administration.

In a statement issued from New York University, Abu Dhabi, yesterday, Soyinka criticised the action and its wider implications, saying it echoed past attempts to stifle artistic and socio-political commentary in Nigeria.

“Courtesy of an artist operating in a different genre – the cartoon – who sent me his recent graphic comment on the event, I learnt recently of a return to the culture of censorship with the banning of the product of a music artist, Eedris Abdulkareem,” Soyinka said in the piece posted on PM news.

He expressed irony in suggesting that the ban did not go far enough, stating, “It is not only the allegedly offensive record that should be banned – the musician himself should be proscribed. Next, PMAN, or whatever musical association of which Abdulkareem is member, should also go under the hammer.”

Soyinka noted that he had not listened to the banned song but stressed that the issue transcends content and concerns a fundamental democratic principle.

“It cannot be flouted. That, surely is basic. This is why I feel that we should look on the bright side of any picture and thus recommend the Aleshinloye cartoon – and others in allied vein – as an easy-to-apprehend, easy-to-digest summation of the wisdom of attempting to stifle unpalatable works of art or socio-political commentary,” he said.

He also pointed out the irony that censorship often benefits the targeted artist.

The ban is a boost to the artist’s nest egg, thanks to free governmental promotion. Mr. Abdulkareem must be currently warbling his merry way all the way to the bank. I envy him,” he added.

The literary icon warned that such censorship was not only counterproductive but also dangerous to democratic development.

“We have been through this before, over and over again, ad nauseum. We know where it all ends. It is boring, time-wasting, diversionary but most essential of all, subversive of all seizures of the fundamental right of free expression,” Soyinka said.

He warned that the ban creates “a permissive atmosphere of trickle-down power,” where state authorities feel emboldened to clamp down on dissent.

Soyinka’s statement also touched on broader issues of impunity and mob violence in Nigeria, lamenting the recent lynching of 19 youths in Edo State.

“My heart goes out to friends, colleagues and families of victims and traumatised survivors of this senseless slaughter. Our thirst for justice must remain unslaked,” he said.

Referencing the 2022 killing of Deborah Samuel in Sokoto, Soyinka criticised the culture of impunity, saying, “Identified killers were set free to gloat, and paste their photos on the Social Media… in full daylight glare, in the presence of both citizen voyeurs and security forces.”

He called for accountability, warning that “as long as the culture of impunity is given the sheerest strain of legitimacy in any given cause, such gruesome assaults on our common humanity will continue to prevail.”

Soyinka concluded by urging the relevant regulatory body to reverse what he described as a “petulant irrationality,” warning that any government that only tolerates praise-singers “has already commenced a downhill slide into the abyss.”

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