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IGR: FCTA inaugurates tax implementation committee



IGR: FCTA inaugurates tax implementation committee

IGR: FCTA inaugurates tax implementation committee

The Federal Capital Territory Administration (FCTA) has inaugurated a Capital Gain Tax (CGT) Implementation Committee to boost Internally Generated Revenue (IGR) in the territory.

Mr Chinedum Kelechi, the Mandate Secretary, Economic Planning, Revenue Generation and Public Private Partnership, FCTA, inaugurated the committee in Abuja on Tuesday.

The News Agency of Nigeria (NAN) reports that the committee would be chaired by the Executive Chairman, FCT-IRS, while the Director, Tax Operations, FCT-IRS would serve as secretary.

Other members of the committee include the Solicitor General; the Director of Land Department; the Director of Development Control; the Director of Abuja Geographic Information System; and the Chairman of the Nigerian Bar Association (NBA).

Kelechi explained that the committee became necessary following FCT Minister Nyesom Wike’s approval for the implementation of the CGT Act, Cap. CI LFN 2004.

“The Act imposes a CGT tax rate of 10 per cent on the total amount of chargeable gains accruable to any person upon disposal of his or her chargeable asset.

“Or assets in a year of assessment after deduction of the allowable expenses from the gains made on the asset’s disposal.

Read Also: Nigerian Senate faults IGR profile of institutions in agric sector

“This is to be remitted to the FCT Internal Revenue Service (FCT-IRS) as required by the extant law,” he said.

He added that Wike had equally approved inter-agency collaboration and synergy between the FCT-IRS and other relevant agencies to ensure smooth implementation of the CGT Act.

The mandate secretary said that the committee would conduct comprehensive awareness and education campaigns to improve citizens’ understanding.

He also said that the committee would conduct regular stakeholder engagement through business associations, chambers of commerce, NBA and other relevant organisations.

He added that the committee would monitor transactions across stakeholders, and agencies as well as enforce the CGT implementation in accordance with extant laws.

Kelechi urged members of the committee to collaborate with the judiciary to handle cases of severe non-compliance or fraud as well as establish a transparent dispute resolution mechanism among others.

Earlier, the acting Executive Chairman of FCT-IRS, Mr Haruna Abdullahi, said that the CGT was part of taxes that FCT-IRS was empowered by law to collect.

Abdullahi decried the situation where the collection of the CGT due to FCT was less than five per cent.

He commended Wike for bringing relevant stakeholders together to work with FCT-IRS to enhance the revenue in the territory.



Police arrest suspected vehicle, motorcycle snatcher in Kaduna



The Police Command in Kaduna State, said its operatives have arrested a suspect with 30 different fabricated master keys of vehicles and motorcycles in Kaduna.

The command’s spokesperson, ASP Mansir Hassan, confirmed the arrest to the News Agency of Nigeria (NAN) on Monday in Kaduna.

Hassan said, “The suspect specialises in vehicle and motorcycle theft .

“In July 20, at about 0230hrs our personnel received a distress call that a shop was burgled.

“Upon receiving the information, our operatives immediately drafted to the area.”

He said on arriving at the scene, that the suspect, Zahradeenee Suleiman was arrested in the shop .

According to him, the suspect is a resident of Galma road, Tsugugi area of Sabon Gari Zaria Local Government Area of Kaduna State and 35 years old.

“Upon search, about 30 different sizes of keys of vehicle and motorcycles were recovered including two locally fabricated master keys in his possession,” Hassan said.

He added that the suspect was said to have specialised in the theft of vehicles and motorcycles.
Hassan said that the suspect would be charged to Court for prosecution after the completion of investigation.

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Biden condemns Russia’s 16-year sentence for U.S. reporter



President Joe Biden

U.S. President Joe Biden has sharply criticised the 16-year sentence for U.S reporter Evan Gershkovich, imposed on Friday by a Russian court.

According to the president, Gershkovich was targeted by Russia “because he is a journalist and an American.”

Biden, in a statement released by the White House, said the reporter had “committed no crime.”

He added that the U.S. government will continue to fight for the Wall Street Journal reporter’s release as well as for all U.S. citizens unlawfully detained abroad.

“Journalism is not a crime,” Biden said, adding that both he and the United Nations have said that Russia is wrongfully detaining the reporter.

“We will continue to stand strong for press freedom in Russia and worldwide, and stand against all those who seek to attack the press or target journalists,” the U.S. president added.


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APC, Police disagree over attack on Okpebholo, Shaibu in Edo



The All Progressives Congress (APC) in Edo Staten has accused the state police command of complicity in the attack on its Governorship Candidate, Sen. Monday Okpebholo and the reinstated deputy governor, Philip Shaibu.

The News Agency of Nigeria (NAN) recalls that gunmen attacked the two on Thursday while exiting Benin Airport shortly after they arrived from Abuja aboard a chartered flight.

The party, during a press conference on Friday in Benin, called for the sack of the Commissioner of Police, Funso Adegboye.

Kassim Afegbua, Director of Media, APC Campaign Council for the Sept. 21 election, said the ruthless shooting and killing of a policeman was witnessed by the police chief.

Afegbua said the party had petitioned the Inspector-General of Police to look into the case and check how the police commissioner undermined the role of the police.

According to him, some members of the party, who saw the commissioner at the airport shared the intelligence of what was about to happen, but unfortunately, he allegedly ignored it.

The director of media described the attack on the candidate as an assassination attempt as well as a disdain for peace that the state and its people were known for.

Reacting, Adegboye exonerated himself of any wrongdoing during the mayhem.

He refuted a claim that intelligence was shared with him ahead of the attack, saying there was no crisis throughout his stay at the airport.

The commissioner noted, however, that an investigation was ongoing and those whose names had been mentioned in the incident would be arrested soon.


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