The brief: Trade controversy, VAT row, 557bn loss | Dailytrust

The brief: Trade controversy, VAT row, 557bn loss

Ten months after a series of bilateral talks between the Nigerian and Ghanian government, the issue between Nigerian and Ghanian traders in Ghana has perhaps taken a new turn for the worse.

Indications are beginning to reveal that the Attorney-General of the Federation and some state governments in the North will jointly challenge the court order which permits states to collect VAT.

Reports have revealed that the Federal Government of Nigeria has lost 557bn within four years.

Despite Diplomatic Interventions: Ghanaians Resume Hostility Against Nigerian Traders

Ten months after a series of high-level bilateral talks between the Nigerian government and authorities in Ghana aimed at addressing the nearly decade-long controversy that led to the closure of Nigerian traders’ shops in Ghana, the issues have taken a turn for the worse, Daily Trust investigation reveals.

Dozens of Nigerians have lost their sources of livelihood because of the blockade even as they called on the federal government to deploy other options to resolve the impasse.

Sit-Tight Syndrome, Coups And W/Africa’s Woes

Jubilations by citizens are popular on the streets of countries where coups took place in West Africa but, not without reversing the positive trajectory of civilian rule, especially in the Sahel region.

In just five months, the power grabs in Chad, Mali and Guinea have plunged the countries into political instability, having removed the heads of governments. And still afresh, are the two attempted coups in Niger and Sudan.

VAT Row: More Northern States Team Up With FIRS

There are indications that the Attorney-General of the Federation and some state governments in the north will jointly challenge the court order which permits states to collect Value Added Tax (VAT).

Following the judgment of a Federal High Court in Port Harcourt which upheld the powers of the Rivers State Government to collect VAT, Lagos, Ogun, Akwa Ibom and Oyo States had begun moves to enforce the order.

PODCAST: Is Nigeria Truly Independent?

After 61 years of attaining independence, Nigeria is still not where it ought to be, according to some analysts. Could the reason be that the country is not truly independent?

In this episode of Nigeria Daily, we listen to a cross-section of Nigerians airing their views on the true meaning of independence. Click this link to listen to the podcast.

FG Loses 557bn To Lack Of Adequate Audit In 5yrs

A report by Paradigm Leadership Support Initiative shows the Federal Government lost 557bn from 2013 to 2017 owing to lack of adequate audit mechanism.

The organization said this in a research report titled ‘Achieving Accountability and Development in Nigeria’ presented by its Executive Director, Olusegun Elemo, weekend in Abuja.

Sinner Wins Second Successive Sofia Title

Italy’s Jannik Sinner swept past French veteran Gael Monfils to successfully defend his Sofia title on Sunday and boost his chances of reaching the ATP Finals.

Top seed Sinner, 20, won 6-3, 6-4 to claim his fourth career title as he sights a spot in the season-ending ATP finale to be staged in Turin from November 14-21.

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White Money Wins BBNaija N90m Grand Prize

Hazel Oyeye Onou, housemate popularly known as White Money, has emerged winner of the Big Brother Naija show.

The Enugu born entertainer defeated other contenders for the N90 million race.

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