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Sanwo-Olu signs VAT bill into law

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Lagos State Governor Babajide Sanwo-Olu on Friday signed into law the State VAT Bill.

The state commissioner for information and strategy Gbenga Omotosho in a statement said the governor signed the “bill for a law to impose and charge VAT on certain goods and services” in Lagos State.

“By this act, the Bill has now become a Law,” Omotosho said.

Lagos State House of Assembly on Thursday passed the state’s Value Added Tax (VAT) bill into law. The Assembly also passed the bill banning open grazing of cattle in the state.

Consequently, Lagos State Internal Revenue Service (LSIRS) has been empowered to administer and implement the law and account for money collected in accordance with the law.

The VAT law titled, “Lagos State Value Added Tax Law: A Bill for a Law to Impose and Charge Value Added Tax On Certain Goods And Services, Provide for the Administration of the Tax and for Related Matters,” empowers the state to charge VAT at the rate of six per cent on the value of goods and services in the state.

It also states that “the value of taxable goods and services shall be determined in the following ways: where the supply is for a money consideration, its value shall be deemed to be an amount which with the addition of the tax chargeable is equal to the consideration.”

The law further states that revenue accruing from VAT would be shared on a ratio of 75 per cent to 25 per cent between the state government and the Local Government Council Areas.

With Sanwo-Olu signing the bill into law, Lagos State is the second state, after Rivers State, to have a VAT law that empowers it to collect the tax despite an ongoing legal tussle between Rivers State and the Federal Inland Revenue Service (FIRS).

A Federal High Court in Port Harcourt in August delivered a judgment restraining the FIRS from collecting VAT and personal income tax in Rivers State.

FIRS on Wednesday said it has appealed the judgment which held that it does not have the right to collect VAT in the state.

“Be assured that FIRS has filed an appeal and that one is in process and that is why we are not able to speak,” FIRS Group Lead, Special Tax Operations, Matthew Gbonjugbola told a news conference on Wednesday.

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Breaking: President Swears in Nigeria’s New Chief Justice

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President Muhammadu Buhari has sworn in the new Chief Justice of Nigeria Olukayode Ariwoola.
The President performed the swearing ceremony today in Abuja.

The brief ceremony took place at the Presidential Villa.

NPO Eeports that Ariwoola will be serving in acting capacity pending the appointment of a substantive Chief Justice of Nigeria.

Justice Ariwoola was born on 22 August 1958).
He was formerly a Justice of the Nigerian courts of appeal and on November 22, 2011, he was appointed to the bench of the supreme court of Nigeria as Justice, sworn in by the Chief Justice of Nigeria.
He was appointed and awaiting Nigerian Senate’s approval as Chief Justice of Nigeria on the 27th June 2022 following the resignation of Justice Tanko Muhammad.

His appointment comes amidst clamour for better condition of service at the apex court.

NPO

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Fireworks mistaken for gunfire cause stampede at New York parade

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A stampede occurred at a Pride Parade in the city of New York, United States, on Sunday, with hundreds of people attempting to flee after mistaking the sound of fireworks for gunfire, police said.

“There were no shots fired in Washington Square Park. After an investigation, it was determined that the sound was fireworks set off at the location,” the NY Police Department said in a tweet shortly after the incident.

Police told newsmen “there were no serious injuries” from the stampede.

Terrified people ran or walked briskly along a street adjacent to the square after the scare, videos on social media showed.

Tens of thousands of people attended Sunday’s LGBTQIA+ Pride parade, which wound its way through the streets of lower Manhattan under the blazing sun.

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The atmosphere was largely festive, although the shadow of Friday’s US Supreme Court decision to abolish a constitutional right to abortion — leaving states to legislate on the matter themselves — loomed over proceedings.

New York’s Pride parade is the second-largest in the United States, after San Francisco, and Sunday’s gathering was the first time it had taken place since the COVID-19 pandemic began.

Organisers also said the US Supreme Court decision on abortion was “devastating.”

“This dangerous decision puts millions in harm’s way, gives government control over our individual freedom to choose, and sets a disturbing precedent that puts many other constitutional rights and freedoms in jeopardy,” the organisers said.

Many rights groups fear that the verdict on abortion could be the beginning of a broader push by the Supreme Court, currently dominated by a conservative majority, to curtail other freedoms won in recent decades, such as rights to contraception or same-sex marriage.

AFP/Punch

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Updated: Things to know about Justice Ariwoola, acting CJN

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Justice Olukayode Ariwoola

Justice Olukayode Ariwoola is expected to be sworn in today as the next Chief Justice of Nigeria (CJN) after the sudden resignation of Justice Tanko Muhammad.

Tanko’s resignation has been confirmed by the CJN’s spokesperson, Ahuraka Isah, on Monday morning.

Ariwoola is billed to leave the judicial service in 2028 should he eventually get the CJN substantive job.

Born on August 22, 1958, Justice Ariwoola was a Justice of the Court of Appeal before his appointment on November 11, 2011 as Justice of the Supreme Court of Nigeria.

He is also a member of the Nigerian Bar Association, the International Bar Association, and the Nigerian Body of Benchers.

Ariwoola was among the Supreme Court justices that heard the appeal of Alhaji Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP) against the declaration of incumbent President Muhammadu Buhari as winner of the 2019 election.

He was a Justice of the Court of Appeal between 2005 and 2011 after having been elevated from the State High Court of Oyo State.

He was first appointed a Judge of Superior Court of record in Oyo State in 1992 from private legal practice.

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