Vanguard News
Reps receive Customs, FIRS 2021 budget reports
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By Levinus Nwabughiogu-Abuja
House of Representatives yesterday received the reports of 2021 budgets for both the Nigerian Customs Service, NCS and the Federal Inland Revenue Service FIRS.
While the chairman, House Committee on Customs, Hon. Leke Abejide presented that of Customs, the chairman, Committee on Finance, Hon. James Faleke laid that of the FIRS.
Similarly, the House also consolidated two bills seeking to provide a legal framework for the establishment of national social investment Programmes for the assistance and empowerment of the poor and vulnerable in Nigeria.
Presenting the Customs report, Abejide said the budget of the agency for the 2021 fiscal year stood above N1trillion.
The Economic and Financial Crimes Commission, EFCC, Ibadan zonal office, on Friday, February 12, 2021, secured the conviction of a former Deputy Chief Registrar of the Oyo State High Court, Mutiat Omobola Adio.
She was convicted after pleading guilty to a fresh charge bordering on obtaining money by false pretense and issuance of Dishonored Cheque contrary to Sections 419 of the Criminal Code Law, Cap. 38, Laws of Oyo State, 2000 and Section 1 (1) (b) of the Dishonored Cheque (Offences) Act, Cap. D11, Laws of the Federation of Nigeria, 2004.
Adio is alleged to have obtained a 2000 Model Toyota Pathfinder SUV valued at N1, 500,000 (One Million and Five Hundred Thousand Naira) from one Fabunmi Olatunji Samuel of Fatai Olanrewaju Motors by pretending to him that it would be paid once the cheque she issued him in the said value is presented to her bank.
This letter is issued following the discussions at the Annual General Meeting (AGM) held on the 14
th of October, 2020, where a resolution was passed amongst other business of the day, in favour of the proposal to delist the total of 360,595,262 ordinary shares of 11 Plc listed on the Nigerian Stock Exchange (the “Transaction”). The purpose of delisting is to enable the Company explore strategic opportunities, alliances and collaborations that can bolster earnings and/or provide synergized benefits with little or no regulatory obligations.
Exit Provision
Shareholders who disapprove the delisting, can indicate their dissent through the registrar for appropriate consideration as stated in section 3 below.
By Udora Orizu
The House of Representatives on Tuesday passed for second reading a Bill which seeks to aid the ongoing total police reform, to ensure effective policing and that erring officers of the Nigeria police are held accountable for their actions.
The legislation was sequel to the public outcry for the disbandment of the now defunct Special Anti-Robbery Squad (SARS) unit of the Nigeria police and a total reform of the police.
The members of the House had on October 7 resolved to work with the Nigeria Bar Association (NBA) and Civil Society Organizations (CSOs) to draft new legislation within 30 days. The draft bill was presented to stakeholders on November 18th for their inputs.