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Breaking : Oyedele, Says, Fiscal Policy and Tax Reforms Committee recommends N800/$ for Customs duty rate

••••Pushes for new national tax structure
The Presidential Committee on Fiscal Policy and Tax Reforms has recommended an exchange rate of N800 per dollar Customs import duty rate for the rest of the year.
This move will be a huge departure from what obtains currently where Customs duty is changed erratically, sometime twice a day with total changes effected so far this year at about 40 times.
Also the value has followed the sharp swings in the exchange rate on the foreign exchange market with a wide range of between N900 and N1,700 to one US Dollar this year alone, a situation that has attracted widespread condemnation across business sectors.
Chairman of the committee, Taiwo Oyedele, disclosed the new direction, yesterday, while speaking on the activities of the tax panel in Lagos.
The tax expert, a former partner at PwC Nigeria, said that the frequent changes in the import duty rate adopted by the Nigeria Customs Service (NCS) due to the volatility of the foreign exchange (FX) market do not allow for adequate planning by businesses.
His words: “When we did the budget, we said naira to dollar will be N800, now it is way more than N1,000. People need to plan.
“So now, we are saying to the government, can you please sign an order that says for the purpose of paying import duty, we shall use N800 for the rest of the year, till December. So, we have proposed N800.”
Customs typically adopt FX rates recommended by the Central Bank of Nigeria (CBN) for import duties based on trading activities in the official FX market.
Many analysts have criticized this approach, noting that it is bad for businesses as it puts business planning in disarray.
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As a way out, Dr Muda Yusuf, Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), had recommended that the Customs should set a quarterly exchange rate between N800/$ and N1000/$ for import duties assessment.
Meanwhile, Oloyede said the committee has also recommended that the over 100 different tax collection agencies at the federal, state and local council levels in the country be collapsed into a central tax agency, known as the Nigerian Revenue Service.
The committee, Oyedele further said, also recommended implementing zero-based budgeting, and introducing long-term appropriation.
“The budget must be restructured to classify items under infrastructure, human capital investment, personnel cost and productivity, administrative overheads, debt service and sinking funds,” he said.
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2027 Election : All is set for the collapse of the PDP in Enugu As Mbah, Others Join APC

…..Gov, lawmakers, party executives exit party enmasse
……Uncertainty over Suswam’s, ex-NAFDAC boss’ defection in Benue
…….PDP kicks, says govs being intimidated, coerced to defect
……Put your house in order, we’re not architect of your woes – APC
In a manner reminiscent of the defections that occurred in Delta and Cross River states earlier in the year, Governor Peter Mbah and all elected and appointive officers of the state are set to formally defect from the PDP to the All Progressives Congress (APC) on Tuesday next week.
The newly inaugurated Enugu State APC Caretaker Committee Chairman, Dr. Ben Nwoye, confirmed the development to newsmen at the APC National Secretariat in Abuja after taking the oath of office yesterday.
He made the disclosure during a press briefing by the newly inaugurated Enugu State Caretaker Committee.
Describing Mbah’s defection as the dawn of a new political era for Enugu and the Southeast region, Nwoye said the governor’s coming into APC would be “a merger between transformation and renewed hope.”
“For the past 10 years, Enugu State has remained in opposition. But all that ends on Tuesday when Governor Peter Mbah declares for the APC. And he is not coming alone,” Nwoye said.
According to him, the defection will signal a “historic alignment” as Mbah will be joined by 260 councillors, 24 state lawmakers, National Assembly members, and the entire state executive council—an unprecedented political realignment with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
“Where Enugu goes, the Southeast goes. This marks the beginning of the Southeast’s political reawakening and full integration into national politics,” Nwoye said with a tone of confidence.
Commending the Governor Mbah’s performance in his last two years in office, Nwoye, who was the founding state chairman of the party, noted that his economic and infrastructural reforms had elevated the state to one of Nigeria’s top-performing states in internally generated revenue.
He added that the synergy between Mbah’s Transformation Agenda and President Tinubu’s Renewed Hope Vision would accelerate development and economic growth across the Southeast.
APC National Chairman, Prof. Nentawe Yilwatda, who inaugurated the seven-man caretaker committee for the party in the state, had earlier hinted of moves by the APC to strengthen its foothold in the Southeast.
The APC chairman charged the new Enugu leadership to consolidate the shock defection into a “lasting political conquest”
“APC is home for all. The person who came yesterday, today or tomorrow has equal rights.
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Digital trade agenda investment
“Our goal is simple: to expand, to win, and to deliver overwhelming victory in 2027,” Yilwatda said.
APC’s Deputy National Chairman (South), Emma Eneukwu, who is from the state, said the political development in the state marked the return of the Southeast region to national relevance.
“We will no longer play second fiddle. With Enugu in APC, the Southeast has found its voice again,” he declared.
Uncertainty over Suswam’s, ex-NAFDAC boss’ defection in Benue
There were strong rumours yesterday that Suswam, Orhii who currently serves as a member of the House of Representatives representing Agatu/Apa Federal constituency, Hon. Ojema Ojotu and former Benue North East Senator, Prof. David Iornem were set to join the APC in Benue State.
This was in spite of a statement issued by the media aide to Suswam dispelling the rumour that his boss had defected from PDP to the ruling party.
Banners and signposts announcing their official defection and pre-decamping dinner adorned major roads and streets in Makurdi, the state capital, yesterday.
It is the first time Suswam would defect to another party since joining politics in 1999.
The black cat, as the former governor is widely known first won an election to represent Katsina Ala, Logo and Ukum Federal Constituency in the House Representatives on the platform of the PDP.
After eight years in the House of Representatives, he was elected the governor of Benue State for another eight years also on the platform of PDP.
His first bid to go to the Senate, however, ended in a fiasco as he lost the election. He, however, made a second bid and won election into the Senate.
He had remained in PDP even after losing his re-election bid until yesterday when the news of his defection broke.
There was jubilation from Suswam’s massive camp of supporters yesterday on hearing that the former governor had defected to APC.
In Anyiin his country home and Ayilamo settlement, there was dancing and singing throughout the day, with shouts Dom Agya as Suswam is known in his ancestry home.
At press time yesterday, he was locked in a meeting with his supporters.
Our correspondence learnt that the meeting was meant to deliberate on the date for the defection ceremony.
But the media aide to Senator Suwswam, Bede Bartholomew, yesterday denied the claims that his boss had defected to APC.
Bartholomew however admitted that Governor Hyacinth Alia two days ago extended an invitation to Suwswam and other leaders for a banquet with him at Government House Makurdi.
A press statement he signed and made available to our correspondent yesterday reads: “Moments ago, I received telephone calls from well-meaning Benuelites and leaders alerting me to trending news on Benue’s social media space purporting that the former governor of Benue State, His Excellency Senator Gabriel Torwua Suswam, is set to defect to the All Progressives Congress (APC) today and would be received by the Governor of Benue State, His Excellency Governor Hyacinth Alia, this evening at the Banquet Hall of the Benue State Government House.
“I debunk this unholy rumour with all vehemence as it doesn’t represent the current interests of Senator Gabriel Suswam or that of his supporters across the state and should be treated as a mere rumour and that’s all.
“What I know is that two days ago, the Governor of Benue State HE. Rev. Fr. Hyacinth Alia respectfully extended an invitation to Sen. Suswam, among other stakeholders, expressing his desire to attend a State Banquet slated for 10th October, 2025.
“It should be noted that as a former Governor of the State, Suswam is a stakeholder in the Benue project, thus his reason for accepting the invitation.
“There was no indication in the invitation letter that it was a political event or a decamping ceremony whatsoever.
“The former governor advises his supporters and well-wishers to disregard this rumour as it is baseless, aimless, and a lie from the deepest pit of hell.
“Suswam appreciates everyone who called in for further enquiries and concerns and wishes everyone a happy weekend ahead.
Defections: Blame no one for your woes, says APC as PDP kicks
The ruling All Progressives Congress (APC) yesterday took a swipe at the Peoples Democratic Party (PDP), accusing the opposition party of being responsible for its woes as more of its members are dumping it for the governing party.
This came on the heels of plans by the PDP governor of Enugu State, Peter Mbah, and the entire elective and appointive officers of the state to defect to APC on Tuesday.
The PDP had on Thursday blamed the wave of defections from the party on APC, accusing the ruling party of engaging in intimidation and coercion of its elected members.
National Publicity Secretary of the party, Debo Ologunagba, while reacting to reports of the planned defection of some governors elected on the platform of the party to the APC, accused the ruling party for its misfortune.
“The APC is orchestrating all of this through intimidation, through coercion, through blackmail,” he said.
But APC National Publicity Secretary, Felix Morka, waved off the PDP allegation, insisting that the opposition party was only crying over a self-inflicted problem.
Dismissing the PDP allegation, Morka said: “The PDP continues to ridicule itself by the boring, repetitive and baseless claim that APC is, somehow, intimidating or cajoling its governors and other senior members to dump their wreck of a party.
“The PDP is the sole maker of its own political predicament. The party is only harvesting well-deserved adversity from decades of political recklessness, mindless corruption, ruthless desecration of democracy, disgraceful failure of leadership, and destructive impunity that characterised its existence.”
Justifying the defection to APC, Morka argued that “the governors and members that are dumping the party in their numbers are doing so in exercise of their free democratic will, and wisely so, to mitigate against the devastating fate that Nigerians will deal the party in the upcoming 2027 elections.”
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Update : Police Arrest Armed Robbers Allegedly Involved in Death of Arise TV Anchor, Somtochukwu

Police arrest armed robbers involved the killing of Somtochukwu Maduagwu
There are indications that 12 of the armed robbers involved the operation leading to the death of Arise News anchor, Somtochukwu Maduagwu have been arrested.
Somtochukwu Maduagwu, an anchor at Arise TV News panicked and jumped to her death after heavily armed robbers besieged her Katampe Extension home in Abuja.
It was reported that the robbers numbering about 15, well-armed, upon arriving the 18 blocks apartment estate, split themselves into groups and began robbing from flat to flat when 29 year old Sommie panicked and jumped down from her balcony to escape them before they arrived at her flat.
Our correspondence reports that attempts were made on the spot to revive her by a neighbor who gave her CPR before she was thereafter, rushed to the Maitama General Hospital where after trying to breathe life into her to no avail, the Doctors on duty declared her dead- on-arrival.
However, in a recent development, a Police EIB report released moments ago, indicates that 12 of the 15-armed robbery gang have been arrested by the Police in the Federal Capital Territory (FCT) Police.
Below is the EIB report released on Thursday…
Armed Robbers Involved In The Robbery That Led To The Death of Arise News Staff, Somtochukwu Maduagwu Arrested
According to the Police, the suspects are:
1. Shamsudeen Hassan ‘m’ from Malumfashi LGA Katsina state
2. Hassan Isah ‘m’, 22 years from Zaria kaduna State
3. Abubakar Alkamu a.k.a. abba ‘m’, 27 years from Musawa LGA katsina state
4. Sani Sirajo a.k.a. dan borume ‘m’ 20 years from Malumfashi LGA katsina state
5. Mashkur Jamilu a.k.a. abba ‘m’ 28 years from Igabi LGA kaduna state
6. Suleiman Badamasi a.k.a. dan-sule ‘m’ 21 years from Malumfashi LGA katsina state
7. Abdul Salam saleh a.k.a. na-durudu ‘m’ from katsina lga katsina State
8. Zaharadeen Muhammad a.k.a. gwaska ‘m’ 23 years from chikun lga kaduna state
9. Musa adamu a.k.a. musa hassan ‘m’ 30 years from malumfashi lga katsina state
10. Sumayya Mohammed a.k.a. baby ‘m’ 27 years from Sammaka LGA, Kaduna state
11. Isah Abdulrahman a.k.a. abbati ‘m’, 25 years from Zaria LGA, Kaduna state
12. Musa Umar a.k.a. small ‘m’ 31 years from Maiduguri LGA Borno state.
Shortly after the robbery incident, four (4) of the suspects shamsudeen hassan, alkamu, sirajo and one other person were apprehended through the tracking of phones stollen from the apartment during the robbery.
During interrogation, Shamsudeen Hassan confessed that he shot the security guard when he attempted to prevent them from gaining access to the apartment. Sani Sirajo confessed to have tried to hold Somtochukwu Christella Maduagwu from falling off the three-storey building but was overwhelmed by her weight. Shamsudeen further confessed that he drove the white honda CR-V jeep out of the apartment after the operation. The four suspects admitted that they each received ₦200,000 from the proceeds of the crime.
Recovered exhibits include:
One (1) fabricated ak-47 rifle
Thirty-six (36) rounds of 9mm live ammunition
One (1) locally made pistol
One (1) pump-action gun
Two (2) live cartridges
Four (4) mobile phones of the victims
Two (2) sharp knives
One (1) cutlass
Nine (9) torchlights used during the operation
In continuation of investigations, yesterday, 08/10/2025, acting on a tip-off and actionable digital intelligence also provided by us, the remaining members of the gang, Musa umar a.k.a. small, Hassan Isah and other accomplices involved in the Gishiri robbery were intercepted while enroute to an already planned armed robbery operation scheduled to hold at maitama in the early hours of this morning.
All suspects have confessed to the crimes, investigation is ongoing.
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Update : IGP, Egbetokun suspends enforcement of tinted glass permit

Hi
The Inspector – General of Police (IGP), Kayode Egbetokun has temporarily suspended the enforcement of the Tinted glass permit, pending the outcome of the hearing of the Motion on Notice slated for 16th October 2025, at the Federal High Court, Warri, Delta State.
Egbetokun spoke when he received a delegation of the Nigerian Bar Association (NBA) led by its President, Afam Josiah Osigwe, SAN, at the Force Headquarters, Abuja.
The development, the IGP said, is out of consideration for the interest of Nigerians and regard for the Nigerian Bar Association (NBA).
The police said there was no clear court order stopping the enforcement of the Motor Vehicles (Prohibition of Tinted Glass) Act, 1991.
A statement on Thursday by the Force Public Relations Officer, CSP Benjamin Hundeyin said: “The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, has received a delegation of the Nigerian Bar Association (NBA) led by its President, Afam Josiah Osigwe, SAN, at the Force Headquarters, Abuja.
“The visit, which centered on issues surrounding the enforcement of the Motor Vehicles (Prohibition of Tinted Glass) Act, 1991, by the Force, provided an opportunity for robust deliberations on issues of mutual concern, particularly the need for synergy between the Police and the Bar in upholding the rule of law and promoting public confidence.
“The Nigeria Police Force, while noting that there is no clear court order stopping the enforcement of the Motor Vehicles (Prohibition of Tinted Glass) Act, 1991, has, out of consideration for the interest of Nigerians, and regard for the Nigerian Bar Association, temporarily suspended the enforcement of the Act, pending the outcome of the hearing of the Motion on Notice slated for 16th October 2025, at the Federal High Court, Warri, Delta State.
“To further strengthen the relationship between the Nigeria Police Force and the Nigerian Bar Association, a Police-NBA committee has been inaugurated to enhance collaboration between the police and the bar.
“In the meantime, all vehicle owners and motorists are urged to take advantage of this window to regularize their documentation and ensure full compliance with all relevant laws regulating the use of motor vehicles with shaded or tinted glasses in Nigeria.
“The Inspector-General of Police, IGP Egbetokun, reiterates the resolve of the Force to enforce all extant laws with fairness, transparency, and respect for the rights of all citizens while maintaining effective collaboration with critical stakeholders in the administration of justice”.
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