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Bobrisky And Tax Reforms In Nigeria



By Abiodun Komolafe*

The charade of Nigeria is never-ending! Only recently, one of Nigeria’s best-known cross-dressers, Idris Okuneye, alias Bobrisky, was arrested on charges of abusing banknotes. He was later convicted and sentenced to six months in prison. Not long after, popular socialite, Pascal Okechukwu, aka Cubana Chief Priest, was also arrested for alleged naira abuse and he’s already being prosecuted. Nigerians wait to see how events unfold!

In the considered opinion of this writer, jailing Bobrisky is, to say the least, amusing! It’s too pedestrian! As things stand, Nigeria’s revenue target reportedly stands at N18 trillion. Of course, that’s pathetic! Where things work, the target should be nothing less than N50 trillion. So, the country needs revenue, certainly not by Nollywood sideshows but by passing an Unexplained Source of Income Act.

For God’s sake, why pick Bobrisky and what does the Economic and Financial Crimes Commission ((EFCC) want from him? Well, if the arrest was to teach the self-styled cross-dresser some lessons of life, then, that’s a different story. Otherwise, it was a mere distraction and whoever mooted the ideas in the first place did not deserve our claps.

If we are talking about the debasement of the naira and what ought not, what the EFCC needs is not whether people spray money or not. Yes, Bobrisky was spraying naira! But what happens next? In other climes, Bobrisky would never be banned for disdainfully soothing his ego. In countries like the United Kingdom and Sweden for example, if one goes to an ‘Owambe’ party and spices it up recklessly with pounds or euros, that’s one’s business! If one even likes, one can invite King Sunny Ade and ‘Professor Master General Kollington Ayinla to England to treat one’s audience to the melodious tunes of ‘Ijo Yoyo’. Nobody cares! But the consequence is that a tax bill awaits one immediately after the party is over! In other words, what the government does is to invoke the Unexplained Wealth Orders (UWOs) 2017. By implication, the Nigerian government doesn’t need to pass a law restraining the people from ‘spraying’ naira notes. It only needs to ask some pertinent questions relating to the defaulter’s sources of wealth vis-à-vis his or her tax returns. Unfortunately, Nigeria’s government agencies are either too lazy or are not sincerely interested in generating revenue for the government.


If we are serious about fighting corruption in Nigeria, what we need is not some showboating. Nigeria doesn’t have to reinvent the wheel! So, instead of running round and round in circles, wasting so much time doing nothing, what’s needed is a surgical operation on the economy. The real issue is that Nigerians are not paying taxes and that’s why they are always ‘spraying’ money rashly. If we had the Unexplained Source of Income Act in Nigeria, which we ought to have had about 30 or 40 years ago, no Bob would have attempted to risk his waist on our naira notes because he perfectly understood the consequences.

This brings us to another sideshow a la Yahaya Bello! The fact that the immediate past governor of Kogi State is evading arrest from lawful authorities is symptomatic of a country without functional laws, and that’s unacceptable! It is because it has happened and nothing ever happened thereafter that it is now happening because nothing will eventually happen! After all, once upon a time in Nigeria’s chequered history, one Nyesom Wike shielded one Rotimi Amaechi from lawful arrest and nothing happened! So, what’s the big deal? Could we have contemplated the former Governor of Wisconsin in the USA evading arrest? Even former President Donald Trump submitted himself to investigation and he’s currently having his day in court. So, who is Yahaya Bello and what’s special about the ‘ta-ta-ta-ta’ inventor? Shouldn’t Nigeria, at least, for once, be spared of pantomimes fooling around?

Remember Alphonse Gabriel Capone, aka Scarface, the American gangster, businessman and boss of the ‘Chicago Outfit’! Remember also Eliot Ness, the brilliant, incorruptible American Prohibition agent and leader of ‘The Untouchables’! In his time, Capone killed a lot of people, including the Saint Valentine’s Day Massacre, but he didn’t leave any trace that could lead to his arrest for murder. He was also making millions of dollars without declaring tax returns. On Ness’s advice, Capone’s accountant was dragged into the case. On October 18, 1931, Capone was convicted after trial and jailed for income tax evasion, not murder, on November 24, 1931.

The heart of the matter is that these are tax issues! So, the Federal Inland Revenue Service (FIRS) should have asked Bello the sources of his wealth vis-à-vis his tax returns. Pure and simple! In sane climes, the EFCC itself should be nothing more than a desk in the police force, just like the Fraud Office in England; and Nigeria would have been spared the rigour of the creation and duplication of the functions in the Ministries, Departments and Agencies. The Fraud Office operatives are more technically competent than the EFCC can ever be!

At a time like this, Nigeria should face the real issue; and the real issue is that super-rich Nigerians have not been paying taxes. Let’s face it, the day Nigeria gets serious, she will catch up with the developed nations within 15 years. For instance, the EFCC is accusing Bobrisky and Cubana of naira debasement, there are lots of wedding activities across the country, even as we speak. Has the EFCC prepared its operatives for the onerous task of even arresting prospective naira abusers? Has the Commission ever asked how some Nigerians get brand new, untouched notes while those who run legitimate accounts are starved of even the old ones? If one may also ask, how do our Point of Sale (PoS) system operators source the wares for their ventures?


President Bola Tinubu is the head of the government. Again, this is where he has to act before things get out of hand! If he truly wants to reform the country, this is the time to do so. But if he wants business to continue as usual, then good luck to him and good luck to Nigeria! So far, so good, a lot of his policies are right and are on the right path! The criminal subsidy removal is painful; he should have thought about it better and come up with better ideas about how to mitigate its effects! The merging of the foreign exchange rates was also traumatizing. But it should be applauded! At least, the naira is now coming down and the speculators now know how far they can go! Going forward, let Tinubu go the whole hog! From the look of things, Nigeria is a one-party state, as most of the National Assembly members are from the ruling All Progressives Congress (APC), which makes his job easier. Therefore, let the president lobby the National Assembly to enact the Unexplained Source of Income Bill, modeled on the UWOs which was introduced into the United Kingdom legislation under the 201 Criminal Finances Act.

Except we want to be economical with the truth, tax evasion is feasible when the system allows for it! All the more reason Tinubu should empower the FIRS by making it the pivotal figure in revenue generation. Those who earn more should pay more and the charade of over-taxing the poor to pay the rich should come to an end. With the passage of the Unexplained Source of Income Act, the government will generate more revenue, especially from those who are currently evading taxes. It is annoying that Nigeria keeps taxing the poor while ‘blessing’ the rich with tax holidays.

May the Lamb of God, who takes away the sin of the world, grant us peace in Nigeria!

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The Scourge Of Rising Inflation



By Dakuku Peterside*
An increasing number of Nigerians are being driven into poverty, not by choice, but by the current political and economic climate, shaped by stringent macroeconomic policies. These policies, such as subsidy removal, devaluation of Naira, and increase in electricity tariff, have had unintended consequences. For instance, removing subsidies has led to a significant increase in the cost of living, while the devaluation of Naira has made imported goods more expensive. These factors, combined with the high level of insecurity, have affected food security in Nigeria and created a perfect storm of economic hardship. The signs of this unavoidable reality are readily apparent. The interventions to prevent this descent into poverty are either ineffectual or remedy the condition too slowly.
An unprecedented rise in inflation has destroyed households’ disposable incomes and pushed many families into poverty. Spiralling inflation is having a devastating impact on all, but especially on households in the lower rungs of the working class, who in their millions are joining the already over 133 million multidimensionally poor Nigerians struggling to earn a living because high inflation has eroded the value of their income. As shown by the NBS Consumer Price Index of April 2024, published in May 2024, the headline inflation rate rose to 33.69% in April 2024 compared to March. The headline inflation rate was 11.47% higher in April 2024 compared to the previous year. During the same period, inflation in urban areas was higher than in rural areas. Even worse, the food inflation rate in April 2024 was 40.53%, increasing by 15.92% compared to April 2023. What does this mean for the ordinary citizen? More money can purchase fewer goods and services.
We cannot dismiss the direct correlation between rising inflation and rising poverty in Nigeria. A household with a monthly income of N300,000 in April 2023 would have lost 33.69% of its real purchasing power if it earned the same amount in April 2024. This means that the same amount of money can now buy significantly fewer goods and services, putting a strain on the household’s budget. Imagine this household struggled in 2023 to make ends meet; how will it cope with less than 33% of its value in goods and services this year? It is little wonder many Nigerians are in despair and are calling on the government to tweak its policies and salvage the situation before it is too late. Families in the earning bracket mentioned above are even better than many whose total income is less than N100,000 if both parents in the household earn minimum wages per month.
The government intervention so far, with the best of intentions, has yielded little result as inflation continues unabated. The monetary policies of increasing base interest rates to above 22%, improving the cash reserve ratio by banks to above 40%, and constantly engaging in the money market to mop up excess liquidity have yielded less than the expected result in curbing inflation. More is needed, and my little knowledge of street economics shows me that the Nigerian economy often defies some fundamental economic concepts that work in developed countries because of our economy’s informal and unregulated nature. The Nigerian government must creatively use other bespoke and practical fiscal and monetary measures to tame our raging inflation.
Paradoxically, there is compelling evidence that inflation continues to rise because of critical government policies. Instead of providing more concerted anti-inflationary measures, the government has added more inflationary steps to the economy. The government cannot confront inflation while imposing limitless taxes, tariffs, and charges on the things that people spend money on daily. The impact of excess tax is on everybody, but the burden is more on people experiencing poverty whose purchasing power has been eroded by inflation. The government cannot tax itself out of our economic predicament. Increasing personal income tax is one way the government reduces disposable income to curb demand-pull inflation, but the inflation in Nigeria is not because of an increase in household income, but caused by cost-induced factors. So tax on people whose income has not increased in the past year is a recipe for hardship.
Other factors also imperil government efforts to curb inflation. Imported inflation has been the bane of Nigeria, given the number of raw materials and goods imported into Nigeria from countries with high inflation rates. This is not helped by the new exchange rate regime that has seen the Naira fall to its lowest value in a generation. The government has been trying to control the erosion of the value of Naira to no avail. The increasing cost of energy has pushed some businesses to pack up. These factors have exacerbated the rise of inflation, and unless the government starts tackling them, it cannot effectively win its fight against runaway inflation.
The consequences of inaction are severe and far-reaching. The system requires a set of anti-inflationary measures to relieve the people and companies so that livelihoods can improve, and real incomes recover from shock to encourage people to live and save. Savings and prosperity will fire up investment, production, supply, and consequent demand. If inflation worsens, the economy will, at best, go into stasis, further regression, and possibly depression. More manufacturers will quit, and unemployment will worsen with even more crime and insecurity. The picture I painted above is not far from us.
Recent statistics about the hunger level in Nigeria occasioned by food inflation are alarming. There is a deteriorating food security and nutrition crisis in Borno, Adamawa and Yobe (BAY) states this lean season between May and September 2024. According to the Government-led Cadre Harmonise analysis released in March this year, in Borno, Adamawa, and Yobe states, some 4.8 million people are estimated to be facing severe food insecurity, the highest level in seven years. Children, pregnant and lactating women, older persons, and people living with disabilities are among those who are most vulnerable. About 2.8 million of these people need urgent interventions.
The prices of staple foods like beans and maize have increased by 300 to 400 per cent over the past year because of a cocktail of reasons. Inflation is outpacing the ability of families to cope, making essential food items unaffordable. Furthermore, the report stated that “malnutrition rates are of great concern. Approximately 700,000 children under five are projected to be acutely malnourished over the next six months, including 230,000 who are expected to be severely acutely malnourished and at risk of death if they do not receive timely treatment and nutrition support.”  The Acting Representative of UNICEF Nigeria argues that “this year alone, we have seen around 120,000 admissions for the treatment of severe acute malnutrition with complications, far exceeding our estimated target of 90,000”.  These statistics are for only 3 states in Northeast Nigeria. Imagine what it will be like for the whole 36 States in Nigeria. There is real fire on the mountain!
This rising hunger is not peculiar to the Northeast. From my knowledge of street economics, hunger and poverty is pervasive across all six geopolitics zones. Increasing poverty is directly linked with more severe economic outcomes. Increasing poverty can result in a more divided society, Issues with housing, homelessness, limited access to healthcare, nutrition poverty and poor living conditions that have a detrimental effect on one’s health. Children living in poverty have less access to education, which will reduce their chances in the future. More families facing poverty will experience conflicts, stress, and domestic violence. Poverty can set off a vicious cycle in which the effects of it act as catalysts for additional episodes of poverty. Increasing inflation and poverty are bad omens that blow us no good. They are bad for our economy. They are bad for our people. The government must pay attention to these factors and be more sensitive in our economic policy choices.
Only some anti-inflationary measures that comprehensively capture the macroeconomic dimensions and provide solutions may work. Poverty alleviation measures are barely temporary and, at best, work in the short run to cushion the effect of heightened inflation and food insecurity. The government should provide solid medium- to long-term solutions to tackle these problems. They should re-evaluate some of their policies to see whether they are inflationary and jettison them to allow good policies to thrive. We can only imagine the unintended consequences of allowing poverty and inflation to fester. The increasing inflation and poverty are creating desperation among a portion of society, which is increasingly becoming despondent and seeing itself at the fringes of society. The implications of this are plausible. Many ordinary citizens are burdened by poverty, hunger, and severe inflation, which have made their lives miserable. The government must take action to alleviate this scourge and help Nigerians lead meaningful lives.

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New Approach To Combatting Terrorism In Nigeria: Truth Alliance And The Path Forward




By Ahmed Mustapha*

Three weeks ago, a high-level UN counter-terrorism summit in Abuja concluded that a new approach to fighting terrorism was needed across Africa.

As the head of one of Nigeria’s largest NGOs dealing with this problem, I strongly agree and hope that the conclusions of this meeting will herald new and exciting approaches to reducing the risk of more violence and its terrifying consequences for the people of this country and the Continent of Africa.

The summit gathered one month after the brutal kidnapping of over 100 students from Kuriga, Kaduna State.  Even more recent kidnappings show how the terrifying reality of violent extremism remains in Nigeria. Both provide a stark reminder of the ruthless tactics of terrorist or violent extremist groups who target innocent civilians, using suicide bombers in markets, places of worship, and crowded venues, further exacerbating the region’s humanitarian crisis – all to further their cause.

As the summit discussed, the terror unleashed by Boko Haram, Islamic State West Africa Province (ISWAP), and their likes has led to widespread displacement, with millions forced into refugee and internally displaced persons (IDP) camps under dire conditions. The social fabric of entire communities has been torn apart, with trust eroded and countless families mourning the loss of loved ones.


But there is hope.  Our pioneering work to reduce the risk of violence and rehabilitate those who leave these groups and the tireless works of other groups like us give points to a new way forward.

Our work in affected communities is heralding great results and pointing to a new wave of defections and surrenders from Boko Haram for those fed up with the hypocrisy of its leadership, the brutality of its actions and the cruel manipulation of those whose job it is to recruit people into their ranks.

That is why a group of stakeholders, CSOs and concerned citizens formed the ‘The Truth Alliance’ – a network committed to unmasking the truth behind violent and extremist groups and empowering communities to resist tyranny and violence. Through education, outreach, and collaboration, the Truth Alliance strives to build a safer, more resilient society for all.

In a campaign tagged ‘Time to Tell the Truth’, the Truth Alliance has come together to expose the truth behind how violent extremist groups draw young people into their ranks. Their message is simple: these groups manipulate, they deceive, they control, they kill, and they destroy the hopes and dreams of people, their families and the communities in which they live.

In a new report, the Alliance has highlighted what we call “the significant revelations about the internal conflicts and growing disenchantment within Boko Haram.” We believe the group’s cohesion and operational effectiveness are weakening, illuminating the underlying vulnerabilities within its ranks.


The personal testimonies from young insurgents who defected in April provide a disturbing glimpse into the group’s operations and the brutal reality that reveals the truth behind their recruitment practices, which contradict the group’s recruitment propaganda.  This manipulative recruitment strategy targets the most vulnerable, often deceiving them with twisted interpretations of religious texts.

The report also describes how Boko Haram, infamous for its brutal campaign of violence, has long engaged in atrocities, including mass kidnappings, indiscriminate killings, and the exploitation of children as soldiers. However, the growing number of surrenders and defections from Boko Haram indicates a loss of control and diminishing morale among its members.

If we act fast, these internal fractures are critical vulnerabilities that could provide opportunities for regional security forces to capitalise on. This could potentially accelerate the group’s decline and herald exactly what the summit asked for—a new scale of effort to tackle this enduring and terrifying problem facing the people of Nigeria.

*Mustapha is the spokesperson for The Truth Alliance and can be reached via

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Manchester City Beat West Ham  To Become First Team To Win English League Title Four Seasons In A Row



With Manchester City needing a win to be sure of holding off Arsenal, who started the final day two points behind but with a better goal difference, Phil Foden put Pep Guardiola’s side ahead after just two minutes.

The England star added another before the break and although Mohammed Kudus pulled one back, midfielder Rodri restored the home side’s two-goal cushion with a shot from the edge of the area after 59 minutes.

City survived a late scare when West Ham had a second goal ruled out by VAR for handball.

However, their victory was never seriously in doubt

The win completed a staggering run of 19 wins and four draws since their last defeat in the league, at Aston Villa on 6 December.


City have now won six out of the past seven Premier League titles. Last term, they joined Huddersfield, Arsenal, Liverpool and Manchester United, twice, in winning the top flight three years in a row.

Now Guardiola’s team have achieved something no other side has managed since the English league was formed in 1888, 136 years ago.

On 25 May they will aim to become the first side to complete the domestic Double in successive seasons when they face Manchesterter United in the FA Cup final at Wembley.

Foden has already collected the Football Writers’ Association and Premier League Player of the Year awards. Few would argue against a clean sweep when the Professional Footballers’ Association eventually confirms theirs.

At 23, Foden now has six titles to his name. He is still a long way behind Ryan Giggs, who holds the record with 13.


However, it is worth noting Giggs did not achieve his sixth until he was 26 and while the Welshman was 39 when he got his last, given City’s current dominance, Foden is likely to keep chipping away at that total in the short term.

Guardiola feels there is further improvement in the England international, but he has already developed his all-round game, makes better runs with and without the ball, and his close control is sublime.

James Ward-Prowse must have felt he was chasing shadows as he closed in to make a tackle when Bernardo Silva provided Foden with a square pass. But with one touch, Foden ghosted away from the West Ham man before delivering the perfect finish.

There was no real evidence of nerves in the crowd before kick-off. City had not lost at home all season and they had a 100% winning record against West Ham on home soil since Guardiola arrived in 2016 .

The visitors had nothing to play for, manager David Moyes is leaving and top-scorer Jarrod Bowen was ruled out with tonsillitis.


But any home anxiety that did exist was rapidly swept away.

Foden’s second – his 26th goal of the season – wasn’t long in arriving as Jeremy Doku delivered a slide-rule, square pass through a crowd of bodies to the edge of the six-yard area. Foden was calmness personified in a frantic situation and found the net with a first-time finish.

Only a bit of bad luck and West Ham keeper Alphonse Areola prevented West Ham being completely swept away in the first half hour.

The France keeper turned away De Bruyne’s vicious free-kick, repelled Doku twice and also denied Manuel Akanji. Rodri, Erling Haaland, acrobatically, and Josko Gvardiol all missed the target from reasonably close range.

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