November 28, 2019

Budget

Makinde Proposes ₦208.8bn Budget

November 28, 2019 3:54 am

Governor Seyi Makinde of Oyo State on Wednesday presented an appropriation bill of ₦208, 802,972,878 to the state House of Assembly for the 2020 fiscal year.

Capital expenditure made up 47.9 per cent of the total budget estimate, while the total recurrent expenditure for the 2020 financial year stood at N108, 660, 282,832, representing 52.1 per cent of the budget proposal.

Makinde said the importance of the 20 per cent “increase on the 2019 budget should not be lost on us.”

Read Also: German Museum Confirms 49-Carat Diamond Among Heist Haul

 

The governor added, “Increased allocation to capital projects

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47 Alleged Homosexuals Arraigned, Get ₦500,000 Bail

November 28, 2019 3:51 am

The defendants were arraigned before Justice Rilwan Aikawa on one count of “engaging in amorous gay, homosexuals  relationship” contrary to Section 5(2) of the Same Sex Marriage (Prohibition) Act, 2013.

The defendants include Segun Ode, 24; Afolabi David, 20; Azeez Tunde, 22; Adedokun Pelumi, 22; Smart Joel ; 25, Iyodun Ehiosun, 20; Rilwan Jamiu, 24; and Raphael Matthew ,38.

Also listed as defendants were  Chibuike Emmanuel, 23;  Prince Collins, 23; Daniel Aya, 22; Alozie Innocent, 21; Kelvin Nwachukwu, 23; Okekoya Gbemi, 33; Odika Emmanuel, 25;

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FG Urged To Eliminate VAT On Capital Market Investments

November 28, 2019 3:50 am

The federal government has been urged to eliminate value added tax on commission and fees paid by investors to stockbrokers while investing in the capital market.

Partner, Financial Service Group, Deloitte Tax Function, Mr. Taiwo Okunade, who made the call at the Sixth Triennial Delegates Conference organised by the Independent Shareholders Association of Nigeria (ISAN) in Lagos, yesterday, said that government must ensure elimination of multiple tax audits currently discouraging investment.

According to him, government must come up with a mechanism for collaboration between the federal government and the state government to reduce multiple tax audits on tax payers.

Speaking …

Without Constitutional Backing, Card Reader Now Useless

November 28, 2019 3:49 am

The Independent National Electoral Commission (INEC) wednesday described the non-recognition of the smart card reader by the 1999 Constitution(as amended), as a great setback for the commission’s efforts to tackle poll fraud, using technology.

According to the commission, the lack of legal backing for the smart card reader has rendered the device legally impotent and has further encouraged politicians not to accord any importance to it.

This came just as the civil society Situation Room has accused the electoral body of not being firm in enforcing rules.

The civil society coalition also said INEC should take responsibility for most of …

Access Bank Offers Free Banking Services To Senior Citizens

November 28, 2019 3:49 am

Access Bank Plc has introduced ‘Evergreen account’ targeted at Nigerians aged 60 and above. It is a special account designed and packaged to provide senior citizens offering free financial and lifestyle services.

A statement quoted the bank’s Executive Director, Retail Banking, Mr. Victor Etuokwu, to have said: “Our senior citizens are very important to us especially those who are pensioners, as well as potential and existing retirees. We have designed an exceptional product to reward them for their significant contribution and accommodate their financial needs.”

Read Also: German Museum Confirms 49-Carat Diamond Among Heist Haul

The Access Bank Evergreen …

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