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Osinbajo Jets Out To London, Meets Ailing Buhari

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The Acting President on Tuesday left Nigeria for London, United Kingdom, where he is scheduled to meet ailing President Muhammadu Buhari.

Buhari left the country on May 7 for the British capital where he is currently receiving medical treatment.

He had, in a communication to the two Chambers of the National Assembly, indicated that only his doctors would decide the duration of his medical trip which is the second one this year.

It was learnt that Osinbajo travelled to London to see the President shortly after he presided over the Quarterly Presidential Business Forum held at the Presidential Villa.

It was further learnt that the Acting President’s trip was at the instance of Buhari.

The Senior Special Assistant to the Acting President on Media and Publicity, Mr. Laolu Akande, confirmed Osinbajo’s trip to London in a message on his Twitter handle.

Akande said Osinbajo would meet Buhari in London and return to the country immediately after the meeting.

He wrote, “AgP Osinbajo meeting with President Buhari in London today, and returning to Abuja immediately afterwards.”

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Nigerian Government Drops Money Laundering, Cyberstalking Charges Against Sowore, Accuses Him Of Attempting To Pull Down Buhari’s Government In Fresh Charge

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The Nigerian Government has amended the charges brought against rights activist and journalist, Omoyele Sowore, by dropping money laundering and cyberstalking from the case.

Counsel to the government, A. Aliyu, informed Justice Ijeoma Ojukwu of the Federal High Court, Abuja, of the development on Wednesday during the resumption of the trial, which was later adjourned until Thursday to accommodate the new charge against the defendant.

As a result, the Nigerian Government is now accusing Sowore of attempting to overthrow the administration of President Muhammadu Buhari through revolution.

The fresh charge reads, “That you Omoyele Stephen Sowore, Olawale Adebayo Bakare and others at large under the aegis of Coalition for Revolution sometimes in August 2019 in Abuja, Lagos, and other parts of Nigeria within the jurisdiction of this honourable court did conspire amongst yourselves to stage a revolution campaign on the 5th day of August 2019 tagged #RevolutionNow aimed at removing the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria during his term of office otherwise than by constitutional means.”

Recall that the government through the Department of State Services had on August 3 and 5, 2019 respectively arrested Sowore and Bakare in Lagos and Osun states for calling on Nigerians to take to the streets in peaceful demonstrations to demand a better country from the administration of President Buhari.

They were eventually released on bail in December after months of unlawful detention.

During proceedings on Wednesday, Justice Ojukwu ordered the Nigerian Government to pay Sowore and Bakare N200,000 each for the unnecessary delay in their trials.

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VIDEO: Seasons Greetings From Zenith Bank

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May the Blessings of this Season fill your home with joy, your heart with love and usher in a prosperous new year.

Zenith Bank wishes all its esteemed customers Merry Christmas and a prosperous new year.

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CBN To Nigerians: Don’t Pay N50 Charges On PoS Transactions [VIDEO]

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The Central Bank of Nigeria has clarified the issue of payments of N50 charges by merchants who use Point of Sale machines for cashless transactions, insisting that nobody should pay extra on goods and services.

The CBN explained that the N50 stamp duty is a fee regulated by an act that directs merchants to pay all necessary taxes as regulated by government agencies.

Speaking on Channels Television’s Business Morning programme, the CBN Director of Payment System Management, Musa Jimoh, said the apex bank issued a circular and merchants have misinterpreted the directive.

Jimoh said: “Stamp duty has been misinterpreted, our circular that talks about merchants paying stamp duties according to the law do not say that the stamp duty should be paid by the consumer; that is a misrepresentation of CBN directive.

“What our directive says is that merchants should pay all necessary tax as regulated by government agencies, including stamp duty.

“What we told the merchants is that we would like the banks to ensure that the merchants comply with this directive by ensuring that every single payment that customers make to them, the merchants pay the regulated stamp duty of N50.

“What has happened is that they have actually transferred this fee blatantly and openly to the consumers; this is very wrong.

“No single individual should pay N50 in addition to the cost of the goods.

“Stamp duty is not to be paid by individuals that are consuming the goods and services of the merchants.

“The merchants who are receiving the money are the ones who are supposed to pay.”

Jimoh explained that because the stamp duty is not regulated by the CBN, there are no plans to stop stamp duties.

He said: “Stamp duty is not a CBN regulated fee.

“It is a fee regulated by an act and so we can’t change or push anything in that direction.

“To this end, the stamp duty remains and cannot be changed by the CBN.

“What we are doing is to ensure that the institutions we regulate (the banks) become more responsible to ensure that these fees are collected and given to the government.”

 

Video Credit: Channels TV

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