Headlines
EFCC auctions seven forfeited cars in Kwara

The Economic and Financial Crimes Commission (EFCC) on Monday commenced the auction of seven cars, which were subjects of final forfeiture orders, with inspection of the items by members of the public in Ilorin, Kwara State Capital.
The items to be auctioned are Lexus IS350 2007 model, Toyota Venza 2010 model, white Mercedes Benz 2007 model, gold Porche 2005 model, red Toyota Camry 2008 model, grey Honda Accord 2007 model, and ash Toyota Camry 2009 model.
The cars’ pictures were conspicuously displayed with allocated lot numbers for public inspection at No 11, Catchment Road, Adjacent Noktel Hotel, GRA, Ilorin to provide an opportunity for interested bidders to view and indicate interest in any car of their choice.
Speaking briefly before the inspection, the Zonal Commander, Ilorin Zonal Command of the EFCC, Michael Nzekwe, said the auctioning was being conducted in conjunction with the Bureau of Public Procurement to ensure compliance with all extant laws.
He explained that the exercise, which was a continuation of the auction scheduled to take place across the Commands of the Commission, was done in line with the EFCC (Establishment) Act 2004; Public Procurement Act 2007, and the Proceeds of Crimes (Recovery and Management) Act 2022.
Read Also: EFCC auctions over 190 vehicles in Abuja, Ibadan, others
According to him, the cars would be auctioned tomorrow, Tuesday, December 20, 2022, based on assessed values and an open bidding system.
“The exercise is going to run for 2 days, that is today and tomorrow. We have seven vehicles for auction as you can see. The process is that you inspect the items to make a choice and then come back tomorrow for the bidding. The item goes for the highest bidder, and the winner will have to make payment within 48 hours.
“Let me also add that, you don’t have to know anybody to participate in the auction. The EFCC has no interest in this process. That is why we brought auctioneers from Bureau for Public Procurement, BPP, and we are on the ground to supervise what they are doing, while Nigerians also supervise what we are doing as EFCC, to check the process and make sure that everything is transparent,” Michael stated.
He appealed to members of the public interested in the auction to listen carefully to the auctioneers and comply with all stipulated guidelines for a seamless auction.
Also speaking, the auctioneer, Jerome Itepu, Executive Director, Trevamtech K & G Limited, assured members of the public that the process would be open and transparent.
He charged the bidders to be disciplined and follow the approved guidelines for a seamless auction.
The inspection process, which was conducted under a very tight security arrangement, witnessed a large turnout of people and was monitored by members of the public, including the NGOs and the press.
EFCC auctions seven forfeited cars in Kwara
Headlines
China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

China has revamped its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a more convenient refund-upon-purchase system, according to the State Taxation Administration (STA).
The STA announced on Tuesday that under the new system, foreign visitors can now claim Value Added Tax (VAT) rebates instantly at designated tax-free stores. This change allows tourists to use their refunded amount immediately for additional shopping, enhancing their overall experience in China.
Previously, VAT rebates could only be withdrawn upon departure, but with the new policy, tourists will be able to access their refunds in real-time during their stay. The policy, which was initially tested in cities like Shanghai, Beijing, and Guangdong, has now passed all operational requirements and will be rolled out nationwide.
The STA emphasized its dedication to improving policy guidance and simplifying refund procedures to better serve international visitors.
Li Xuhong, Vice-President and Professor at the Beijing National Accounting Institute, welcomed the change, stating that the nationwide implementation would raise China’s tourism service standards. “It will foster a friendly, efficient, and convenient tourism environment,” Xuhong added.
Headlines
Nigeria Reaffirms Commitment to One-China Policy Amid Taiwan’s Trade Office Claims

Rep. Jaafaru Yakubu, Chairman of the House of Representatives Committee on China-Nigeria Parliamentary Relations, has reiterated Nigeria’s firm commitment to the One-China Policy, following recent comments by Taiwan’s Trade Mission Head in Nigeria, Andy Yih-Ping Liu.
Speaking in Abuja on Tuesday, Yakubu firmly declared that Nigeria continues to recognize Taiwan as an integral part of the People’s Republic of China. He rejected Liu’s claim that Taiwan was not part of China, labelling it as “propaganda” aimed at undermining the strong diplomatic ties between Nigeria and China.
“For the record, United Nations General Assembly Resolution 2758, adopted in 1971, recognised the People’s Republic of China as the sole legitimate representative of all of China, including Taiwan,” Yakubu stated. “The One-China Policy remains the cornerstone of China-Nigeria relations.”
He emphasized that since Nigeria and China established diplomatic ties in 1971, the country has consistently upheld this principle. “Efforts by Taiwan’s trade office to challenge this stance are futile and will not succeed,” Yakubu added.
Yakubu criticized Liu’s comments as an attempt to draw Nigeria into China’s internal matters, accusing the Taiwanese official of deliberately sowing discord and provoking a diplomatic rift. “Nigeria’s relationship with China is built on mutual respect and non-interference in each other’s political matters,” he said.
In response to Liu’s claim that China acted as a bully, Yakubu pointed to the positive trajectory of Nigeria-China relations. “Contrary to these baseless assertions, Nigeria has enjoyed a mutually beneficial partnership with China, yielding tangible results for both nations. Since 1971, our ties have grown significantly.”
He highlighted the strategic nature of the partnership, referencing the elevation of the relationship to a Comprehensive Strategic Partnership during the 2024 FOCAC Summit in Beijing. “Today, Nigeria stands as China’s second-largest trading partner in Africa, with bilateral trade surpassing 20 billion dollars,” Yakubu noted.
Furthermore, Yakubu praised China’s role in Nigeria’s infrastructural development, with investments in sectors such as rail networks, roads, ports, power stations, and water treatment facilities.
Headlines
Shettima Warns Media Against Romanticising National Challenges

Vice President Kashim Shettima has cautioned Nigerian media practitioners against the growing tendency to romanticise serious national issues, describing the trend as a dangerous departure from the media’s constitutional duty of promoting truth and accountability.
Represented by his Special Adviser on Special Duties, Modibbo Umar, the Vice President issued the warning on Tuesday while delivering a speech at the 17th LEADERSHIP Conference and Awards held at the Old Banquet Hall of the State House, Abuja.
“We must resist the temptation to romanticise serious national issues or frame them in ways that distort public understanding,” Shettima said. “Doing so only weakens the fabric of our democracy and derails our collective efforts at nation-building.”
The Vice President’s remarks came as stakeholders in governance, business, and civil society gathered to reflect on the theme of the event, “Challenges and Opportunities in Nigeria’s Fiscal Federalism.” The conference provided a platform for thoughtful engagement on some of the country’s most pressing issues, with a focus on the responsibilities of leadership at all levels.
Shettima also used the occasion to commend LEADERSHIP Newspapers Group for its consistent contributions to national discourse and its commitment to celebrating excellence in leadership.
“I commend LEADERSHIP Newspaper for the vision to convene this vital discourse and for shining the light on those who have chosen to lead with courage and competence. May we never tire of striving for a better Nigeria,” he said.
The annual LEADERSHIP Conference and Awards continues to be a major event that brings together influential voices to deliberate on national progress and honour individuals and institutions making meaningful impact in society.
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