SUNDAY 26TH SEPTEMBER 2021

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Emefiele: CBN’s COVID-19 Interventions Account for 3.5% of GDP UBA publishes names, account details of forex defaulters

Nume Ekeghe and Dike Onwuamaeze AThe Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has disclosed that the apex bank’s

interventions to protect the economy from the impacts of COVID-19 represented 3.5 per cent of Nigeria’s Gross Domestic Product (GDP). Nigeria’s GDP was estimated at $432.29 billion

by the National Bureau of Statistics (NBS) in the second quarter of 2021. This is coming as the United Bank for Africa (UBA) has published the names and account numbers of some

customers who allegedly defied the forex policy of the apex bank. Emefiele stated this yesterday in Lagos in his keynote address on the occasion of the Finance

Correspondents Association of Nigeria (FICAN) 2021 Annual Conference and 30th Anniversary Celebration with the theme: ‘Financing Infrastructure and SMEs for Inclusive Growth in the

Post-COVID-19 Economy.’ The CBN governor who was represented by the Director, Corporate Communications, Mr. Osita Nwanisobi, said Continued on page 5

UK Approves COVID-19 Vaccines Administered in Nigeria... Page 5 Sunday 26 September, 2021 Vol 26. No 9666

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SANs Tackle Malami, Insist VAT Not on Exclusive List Gboyega Akinsanmi in Lagos and Alex Enumah in Abuja

Senior lawyers yesterday faulted the claim by the Attorney General of the Federation and Minister of

Justice, Mr. Abubakar Malami (SAN), that the Value Added Tax (VAT) is on the Exclusive Legislative List. In an interview in New York, Malami was quoted as saying that no state has

the power to lay claim to the collection of the VAT across the federation. “A lot has precluded the state from collecting valueadded tax. One, generally speaking, as you rightly know,

the issue of the Value-Added Tax is an issue on the Exclusive Legislative List,” Malami said. “And the implication of being in Exclusive Legislative List matter is that only the National Assembly can

legislate on it. The question that you may perhaps wish to address your mind on is whether there exists any national legislation that has conferred the power on the state to collect VAT. And my

answer is ‘no’. “In the absence of a law passed by the national assembly in that direction, no state can have a valid claim to Continued on page 8

After 10 Years Study, INEC Says Nigeria Ready for Electronic Voting Insists national ICT infrastructure adequate for e-transmission of results Seeks clear legal mandate to implement scheme Says 93% of polling units have internet, GSM capacity to cover outstanding 7% Chuks Okocha in Abuja Determined to conduct credible elections in 2023, the Independent National Electoral Commission (INEC) has insisted on electronic transmission of election results. It also disclosed that 93 per cent of the Polling Units in the country have internet and GSM facilities to cover the remaining seven per cent. The electoral commission further revealed that the result of a 10-year diverse pilot programmes it conducted since 2011 and the discussions it held with the Mobile Network Operators (MNOs) and the Nigerian Communications Commission (NCC) showed Continued on page 6

Resident Doctors SMART-COLE AT 80... Vote to Continue CELEBRATING Retired surgeon, Dr. JJ Ladipo; Chairman, Bi-Courtney Aviation Services Limited, Dr.Wale Babalakin (SAN); his wife, Gbolahan; celebrant, Mr. Sunmi Smart-Cole; Indefinite Strike... L-R: and Medical practitioner, Dr. Ebun Sonaiya, during the 80th birthday celebration of Smart-Cole in Lagos…yesterday Pg 8

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SUNDAY 26TH SEPTEMBER 2021 by THISDAY Newspapers Ltd - Issuu