Former CAN President Urges Tinubu to Halt Multiple Taxation

By Abass Ganiyu



Dr. Samson Ayokunle, a former President of the Christian Association of Nigeria (CAN), has called on President Bola Tinubu to address the issue of multiple taxation imposed by federal and state agencies on Nigerians. Speaking on Channels Television’s "Inside Sources" with Laolu Akande, Ayokunle emphasized that excessive taxation could exacerbate the hardships faced by citizens.

Ayokunle, who also served as President of the Nigerian Baptist Convention, stressed the need for the government to explore alternative economic avenues. He urged Tinubu to focus on unlocking the potential in the agriculture and mining sectors to drive economic growth rather than overburdening citizens with taxes.

"Nigeria is rich," Ayokunle stated. "Let’s explore, not just taxing, taxing. If you tax people, people will die. If you continue to tax them and tax them, they will die and if people die without fulfilling their life ambition, you will be held responsible."

The former CAN President highlighted that exploring other economic sectors could alleviate the financial strain on Nigerians and promote sustainable development. His remarks come amid growing concerns over the economic policies affecting the average Nigerian's livelihood.

Ayokunle's appeal reflects a broader sentiment among Nigerians who are struggling with the high cost of living and economic instability. His call for a shift in focus towards investment in critical sectors underscores the need for a balanced approach to economic management that prioritizes both revenue generation and citizens' welfare.

The government's response to these concerns remains to be seen, but Ayokunle's message adds to the ongoing discourse about the best strategies for achieving economic stability and growth in Nigeria.

Comments

Post a Comment

Popular posts from this blog

House of Representatives Ordered NNPC to Suspend Crude-for-Loan Deal

By Abass Ganiyu
Image
By Abass Ganiyu In a decisive move, the House of Representatives has ordered the Nigerian National Petroleum Corporation (NNPC) to suspend its controversial crude-for-loan deal, effective immediately. This directive follows mounting scrutiny and calls for transparency regarding the terms of the agreement and its implications for Nigeria’s oil sector and national finances. The crude-for-loan deal, which involves the exchange of crude oil for loans to finance various infrastructure projects, has faced criticism over its potential impact on Nigeria’s oil revenues and national debt. Critics argue that the deal may compromise Nigeria’s oil assets and expose the country to financial risks. The decision by the House of Representatives comes after a series of debates and hearings on the deal’s terms and its alignment with national interests. Legislators expressed concerns about the lack of transparency and the potential for adverse effects on the country’s financial stability. With...
Read more

Customers besiege banks to reactivate dormant accounts

By Abass Ganiyu
Image
By Joy Adekayero Many bank customers affected by the new Central Bank of Nigeria guidelines on dormant accounts rushed to their various banks on Tuesday to reactivate the accounts. Some of the customers, who spoke to the News Agency of Nigeria in Abuja on Tuesday, said they had to activate their bank accounts to avoid the mopping up of their little savings by CBN. Further inquiries by our correspondent confirmed the situation, with courtrooms also becoming crowded with requests to swear affidavits. A bank official at a first-generation bank informed The PUNCH that numerous customers and families had submitted requests to re-activate inactive accounts so as not to lose the money to the apex bank that intends to use them for investment purposes. The official said, “Yes, we have seen customers coming to the bank to reactivate their accounts. Even relatives and next of kin to dead persons have submitted applications to withdraw amounts left in the account of their loved ones. I...
Read more

EFCC Arraigns TSTV Executives for Tax Evasion and Money Laundering

By Abass Ganiyu
Image
ABUJA – The Economic and Financial Crimes Commission (EFCC) has arraigned the Managing Director and CEO of Telcom Satellites TV (TSTV), Dr. Bright Ikechukwu Echefu, along with the Executive Director, Dr. Felix Nnamdi Ignoanuga, at the Federal High Court in Abuja. They face nine charges, including tax evasion and money laundering. The EFCC accuses the defendants of failing to remit VAT, company income tax, and PAYE from their employees' salaries, diverting substantial funds for personal use. Additionally, they allegedly defrauded Senior Advocate of Nigeria (SAN) Turaki Kabir Tanimu of N960 million under false pretenses. The prosecution's charges highlight several instances where the defendants purportedly redirected significant amounts meant for government taxes to personal accounts. The EFCC claims that the defendants defrauded Turaki of large sums under the guise of securing loans for telecom equipment acquisition. These transactions were detailed with specific amo...
Read more