Saturday 3rd February 2018

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Nigeria, UK, Others Share Data on Offshore Bank Accounts, Assets of Nigerians Ndubuisi Francis in Abuja Nigeria has entered into Automatic Exchange of Tax Information (AETI) with some foreign countries, including the United Kingdom (UK), particularly on overseas assets owned by Nigerians. The federal government has

therefore advised Nigerian users of offshore structures to take advantage of the tax amnesty programme - Voluntary Assets and Income Declaration Scheme (VAIDS) - to regularise their taxes before the expiration of the scheme on March 31, 2018. The Minister of Finance, Mrs. Kemi Adeosun, who spoke

yesterday in Abuja during the presentation of Progress Report on Tax Laws Reform by the National Tax Policy Implementation Committee, expressed satisfaction with the data being supplied to Nigeria by foreign countries under the AETI, to which the country became a party in January 2018.

She said: “The data received in Nigeria with regard to overseas assets held by Nigerians has been impressive and will underpin a long term improvement in the nation’s tax to Gross Domestic Product (GDP) ration, in turn, will improve life for the masses. “The data on bank accounts, property and trusts, which has

come automatically from a number of countries is being used to support the Voluntary Assets and Income Declaration Scheme (VAIDS) by allowing the tax authorities to check the accuracy of declarations received. “The federal government is also using the data to generate ‘nudge’ letters which are being

sent to those identified as being potential tax defaulters.” She disclosed that Nigeria had written to a number of nations to request specific information about offshore trusts and bank accounts held by its citizens. The minister advised users Continued on page 6

EFCC Files Fraud Charges against CCT Chairman, Danladi Umar ... Pg. 16 Saturday 3 February, 2018 Vol 22. No 8325 Price: N250

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Tinubu, Oshiomhole Tackle Obasanjo over Letter to Buhari Former president playing politics with letter, says Tinubu Omololu Ogunmade in Abuja, Amby Uneze in Owerri and Adibe Emenyonu in Benin City Former governor of Edo State, Adams Oshiomhole, yesterday in Abuja stopped short of asking former President

Olusegun Obasanjo to mind his own business, saying he had not at any time been named as an adviser to President Muhammadu Buhari. Oshiomhole, who was at the Presidential Villa made this remark, while reacting to

a 13-page statement issued by the former president on January 23, in which he told Buhari to forget a re-election bid in 2019 as a result of his alleged failure in many areas. On the same day, a chieftain of the ruling All Progressives

You’re not Buhari’s special adviser, Oshiomhole tells Obasanjo Congress (APC), and former Lagos State Governor, Bola Tinubu, also came down on Obasanjo, saying he was playing politics with the letter he wrote to Buhari. The former president had accused the incumbent of

running a government of nepotism and literarily running the economy aground while showing indifference to mindless killings by Fulani herdsmen in various parts of the country. But Oshiomhole, who said he was in the Presidential

Villa yesterday to reassure the president of his perpetual loyalty and support not only to his government but also for his re-election come 2019, recalled that having warned his Continued on page 6

Ekwueme Buried as Buhari Renames Varsity after Him Anglican Primate: Nigeria needs integrity, honesty to make progress Christopher Isiguzo in Enu gu It was indeed a happy end to an eventful life as the remains of late Second Republic Vice President of Nigeria, Dr Alex Ifeanyichukwu Ekwueme were laid to rest in his compound in Oko, Orumba North Local Government area of Anambra state at exactly 2:30pm yesterday, in a blaze of Glory. The internment took place shortly after a funeral service at the St. John the Divine Church of the Anglican Church where President Muhammadu Buhari formally named the Federal University, Ndufu Alike, Ikwo, in Ebonyi State after the departed leader. Ekwueme was the nation's

first elected Vice President from 1979 - 1983. He was born on October 21st, 1932 and died on November 19, 2017. His funeral service witnessed the presence of notable Nigerians from virtually all the geopolitical zones including Vice President Yemi Osinbajo who represented the president; former President Goodluck Jonathan and wife Patience; former Vice Presidents Namadi Sambo and Chief Ebitu Ukiwe; Governors of Gombe, Ibrahim Damkwambo, Delta, Ifeanyi Okowa, Lagos, Akinwunmi Ambode, Abia, Okezie Ikpeazu, Imo, Rochas Okorocha, Ebonyi, Dave Umahi and Anambra, Willie Obiano. Continued on page 6

EKWUEME GOES HOME… Late Dr. Alex Ekwueme

Benue Killings: IGP Blames Anti-Grazing Law … Page

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