FG Commences Collection of Income Tax on Bonds, Short-term Securities from Today Stockbrokers express divergent view over new policy
Kayode Tokede The federal government will today commence the collection of income
tax on bonds, short-term securities. This followed the expiration of a 2012 gazette which exempted Companies Income Tax (CIT) from
bonds and short-term securities in the past 10 years. The federal government had in 2012 granted tax waiver on
all bonds and debt instruments issued by all tiers of government and corporate entities. But the Securities and Exchange
Commission (SEC) had last month introduced a 0.025 per cent charge on fixed income (Bonds) secondary market transactions, which was
expected to become effective today. The capital market regulator Continued on page 10
Oil Prices Bullish as 2022 Market Outlook Remains Positive... Page 5 Tuesday 4 January, 2022 Vol 26. No 9764. Price: N250
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Buhari: Tofa, True and Irreplaceable Nationalist Ex-presidential candidate buried in-between parents’ graves Atiku, Ganduje, Buni mourn Deji Elumoye, Chuks Okocha, Adedayo Akinwale in Abuja and Ibrahim Shuaibu in Kano
President Muhammadu Buhari, yesterday, led other prominent people in Nigeria and around the world to mourn the candidate of
the defunct National Republican Convention (NRC) in the 1993 presidential election, Alhaji Bashir Tofa, describing him as a true
and irreplaceable nationalist. Tofa died at Aminu Kano Teaching Hospital (AKTH), in Kano State, in the early hours of
yesterday after a brief illness. He was buried in-between the graves of his parents at the Hajj Camp cemetery in Kano metropolis. He
was aged 74 years. The Emir of Kano, Alhaji Continued on page 10
No Controversy on Who Becomes Next Olubadan, Say Ibadan High Chiefs Declare new king will be chosen based on tradition Oyo ex-AG advises Makinde against appointment of new Oba Jonathan, Sanwo-Olu, Anyim mourn late monarch Chuks Okocha, Alex Enumah in Abuja and Kemi Olaitan in Ibadan The Olubadan-in-Council, yesterday, said there was no controversy over the emergence of a new Olubadan of Ibadanland, declaring that tradition would be followed in the choice of the next king. But an Ibadan-based lawyer and former Attorney-General of the state and Commissioner for Justice, Mr. Michael Lana, had earlier advised Oyo State Governor Seyi Makinde against approving the appointment of any of the current High Chiefs and Baales as the new Olubadan because there were unsettled legal matters relating to the stool. Meanwhile, there were more eulogies to the departed monarch yesterday. Former President Goodluck Jonathan, Lagos State Governor, Mr. Babajide Sanwo-Olu, and former President of the Senate, Anyim Pius Anyim, commiserated with the people of Ibadan and the Continued on page 10
MOURNING THE OLUBADAN... L-R: Aare Musulumi of Yorubaland, Alhaji Duad Akinola; Former Oyo State Governor, Chief Rasidi Ladoja; and Iyaloja of Ibadanland, Alhaja Abiola Ameringun, during a condolence visit to Olubadan's palace over the passage of the monarch…yesterday
Buhari, Tinubu Felicitate with Bolaji Akinyemi at 80... Page 8