Business
Jesam Michael Of Afriq Arbitrage System Bags NASRE’S CEO of The Year
Jesam Michael Of Afriq Arbitrage System Bags NASRE’S CEO of The Year
Jesam Michael, the Chief Executive Officer of Afriq Arbitrage System (AAS), has been awarded the ‘Fintech CEO of the Year’ by the Nigerian Association of Social and Resourceful Editors, NASRE, while his company, AAS, picked the ‘Most Secure and Reliable Fintech Company of the Year 2023.’
Additionally, Jesam Michael was honoured as the patron of the association.
The awards presentation and decoration were held on Thursday, 25th of January, 2024, at the Lagos headquarters of the company with top members of the AAS community, traditional rulers, and veteran media practitioners in attendance.
The awards and decoration, according to the association’s president, President, Femi Oyewale , was in acknowledgment of Jesam Michael’s giant strides in financial technology, his efforts to support the Nigerian government in alleviating poverty, his innovations that are geared towards national development, among many others.
The association explained that Jesam Michael was selected after a meticulous study of his works, which put him in the position of an enigma that deserves to be honoured. Micheal was applauded by the association for reducing unemployment and driving federal government policies on financial inclusion.
‘’There are people who are innovating and making giant strides in a manner that makes Nigeria worthy of competing with other nations in the world, Jesam Micheal is unarguably one of them. We are here to honour a man who deserves to be honoured. He is defeating unemployment, and this is not about giving him honour alone, What we are doing today is to encourage him to continue what he is doing.’’
‘’Jesam Micheal is driving federal government policies on financial inclusion and all he needs is our encouragement so that in years to come, Nigeria will have individuals in this country that will be recognized worldwide playing their roles in different sectors.’’
‘’As an association, we fight what is bad and promote what is good. AAS has to be sustained, and we will always be behind you as you continue to put Nigeria on the map for good.’’
In his acceptance speech, Jesam Micheal appreciated the association for honouring him with their presence and awards. He expressed joy while underscoring the weight of the awards and decoration, making it known that they are the reasons he accepted to be part of the Nigerian association of online social and resourceful editors.
’’My happiness and joy goes to these awards, I am happy and glad this is coming at the right time. We never lobbied for it. We never ran for it, I have about 32 awards on the line, but I selected this due to the calibre of people that belong to this association.’’
‘’From the depth of my heart, I am happy for this award because it’s not just coming from a group of members that came up to talk but the caliber of people in the association are mind blowing. ‘’
He stated that his decision to build technology was borne out of the need to support the government instead of joining the crowd to fault them.
‘’You don’t fight the government, but you use tech to help the government. Most of them don’t know what to do, so if you know what to do to help them, build tech. You don’t call them names or fight them, build tech.’’
Speaking on how he has been able to scale through all these years, Jesam Micheal explained that his focus has kept him going and that despite the challenges; he remained resilient. He shared with well-wishers how he has been able to build AAS into a system that runs in milliseconds for the first time in history.
‘’I have seen gladiators who fought tooth and nail to bring me down, but I keep telling them my hands are clean, and there’s nothing that can be done to bring me down. When they say what I am doing won’t see the light of the day, I tell them to go to bed because when they wake, I will be far gone.’’
‘’I also want to say that whatsoever you are doing, you need to close your ear not to hear, eyes not to see, and mouth not to talk but before this, your mind is focused towards what you want to do.’’
‘’When I shared my dream, they said it wouldn’t work, but before they knew it, AAS was already built into a system that runs in milliseconds for the first time. Everything, including transactions and payments, is done in milliseconds. We had challenges, even internal challenges, and they thought we had crashed, but it worked.’’
Continuing, Jesam Micheal shared the several innovative techniques of Afriq Arbitrage System (AAS) and other revolutionary plans of the company, which are all geared towards national development.
‘’For the first time in the history of the world, a system called Token has been built and is currently going through testing. We went in and changed disadvantages to advantages. We have built one of the biggest e-commerce platforms whereby anywhere you are in the world, you can order any gadget in the Apple family and get it delivered to you. Very soon, you will be using our platform to recharge electricity here, You will soon be using our platform to recharge cards and many more. We have also come up with a digital solar powered estate whereby you can monitor your property wherever you are because it is 100% digital.’’
ABOUT Nigerian Association Of Social And Resourceful Editors (NASRE)
The Nigerian Association of Social and Resourceful Editors is a dynamic assembly of media professionals encompassing a diverse range of industries. Headquartered in Lagos, this burgeoning association comprises media entrepreneurs who are actively engaged in print, broadcast, and digital platforms. The association serves as a vibrant hub where professionals from various sectors converge, fostering collaboration and synergy among individuals dedicated to the evolution and advancement of media in Nigeria.
Business
Deadline of Compliance: Nigeria’s Urgent Call for Tax Return Filing
Deadline of Compliance: Nigeria’s Urgent Call for Tax Return Filing
By George Omagbemi Sylvester | Published by SaharaWeeklyNG.com
“Shift or Structural Demand? A Declaration of Civic Duty in a Nation at a Fiscal Crossroads.”
In the unfolding narrative of national development and economic reform, few instruments are as defining as tax compliance. For Nigeria, a nation perpetually grappling with revenue shortfalls, structural dependency on a single export commodity, and entrenched informal economic behaviour, the Federal Government’s recent clarification on tax return deadlines is not mere bureaucratic noise. It is a deliberate and inescapable declaration: the social contract between citizen and state must be honoured through transparent, lawful and timely tax reporting.
At its core, the government’s pronouncement is stark in its simplicity and radical in its implications. Federal authorities, speaking through the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, have made it unequivocally clear that every Nigerian, whether employer or individual taxpayer, must file annual tax returns under the law. This encompasses self-assessment filings by individuals that too many assumed ended once employers deducted pay-as-you-earn taxes from their salaries.
This is not an optional civic suggestion, it is mandatory, backed by statute, and tied to a broader vision of national fiscal responsibility. Citizens can no longer hide behind ignorance, apathy, or false assumptions. “Many people assume that if their employer deducts tax from their salaries, their obligations end there. That is wrong,” Oyedele warned, emphasizing that the obligation to file remains with the individual under both existing and newly reformed tax laws.
The Deadlines and the Reality They Reveal.
Across the federation, state and federal revenue authorities have reaffirmed statutory deadlines in pursuit of compliance. The Lagos State Internal Revenue Service, for instance, moved to extend its filing date for employer returns by a narrow window, reflecting the reality that compliance often lags behind legal timelines. The extension was intended not as leniency, but as a pragmatic effort to allow accurate and complete submissions, underscoring that true compliance rises above mere mechanical ticking of a box.
At the federal level, Oyedele’s intervention was even more fundamental. He reminded Nigerians that annual tax returns for the preceding year must be filed in good faith, with integrity and in respect of the law. This applies regardless of income level including low-income earners who have historically believed that they are outside the tax net. “All of us must file our returns, including those earning low income,” he stated.
Herein lies one of the most challenging truths of contemporary Nigerian governance: widespread tax non-compliance is not just a technical breach of law, it is a deep cultural and structural issue that reflects decades of mistrust between citizens and the state.
The Root of the Problem: Non-Compliance as a Symptom.
Nigeria’s tax culture has long been under scrutiny. Public discourse and economic analysis consistently show that a significant majority of eligible taxpayers do not file annual returns. Oyedele highlighted that even in states widely regarded as tax administration leaders, compliance remains strikingly low, often below five percent.
This widespread non-compliance stems from multiple sources:
A long history of weak tax administration systems, where enforcement was inconsistent and penalties were rarely applied.
A perception that public services do not reflect the taxes collected, eroding the citizenry’s belief in reciprocity.
An informal economy where income often goes unrecorded, making filing seem irrelevant or impossible to many.
Lack of awareness, with many Nigerians genuinely believing that tax liability ends with employer deductions.
The government’s renewed push for compliance directly challenges these perceptions. It signals a shift from voluntary or lax compliance to structured accountability, a stance that aligns with best practices in modern public finance.
Why This Matters: Beyond Deadlines.
At its most profound level, the insistence on tax return filings is about nation-building and shared responsibility.
Scholars of public finance universally agree that a robust tax system is the backbone of sustainable development. As the eminent economist Dr. Joseph E. Stiglitz has observed, “A society that cannot mobilize its own resources through fair taxation undermines both its government’s legitimacy and its capacity to provide for its people.” Filing tax returns is not a mere administrative task, it is a declaration of participation in the collective project of national advancement.
In Nigeria’s context, this declaration carries weight. With the enactment of comprehensive tax reforms in recent years (including unified frameworks for tax administration and enforcement) authorities now possess broader statutory tools to ensure compliance and accountability. These measures, which include electronic filing platforms and stronger enforcement powers, have been framed as fair and equitable, targeting efficiency rather than arbitrariness.
Yet the success of these reforms depends heavily on citizens embracing their civic duties with sincerity. And this depends on mutual trust, the belief that paying taxes yields tangible benefits in infrastructure, education, healthcare, security and social services.
Voices From Experts: Fiscal Responsibility as a Public Ethic.
Tax law experts and economists, reflecting on the compliance push, have underscored a universal theme: taxation without transparency is inequity, but taxation with accountability is empowerment. When managed with fairness, a functional tax system can reduce dependency on volatile revenue sources, stabilise national budgets, and support long-term investment in human capital.
Professor Aisha Bello, a respected authority in fiscal policy, notes that “Tax compliance is not a burden; it is the foundation upon which social contracts are built. A citizen who honours tax obligations affirms the legitimacy of governance and demands better performance in return.”
Similarly, a leading tax scholar, Dr. Emeka Okon, argues that “The era when Nigerians could evade broader tax responsibilities simply because automatic deductions occur at source must end. For a modern economy, every eligible citizen must be part of the formal tax fold not as victims, but as stakeholders.”
These authoritative voices point to an unassailable truth: filing tax returns is both a legal requirement and a moral responsibility, an expression of citizenship in its fullest sense.
Challenges on the Ground: Compliance and Capacity.
While the rhetoric of compliance is compelling, the reality on the ground demands nuanced understanding. Many taxpayers (especially in the informal sector) lack meaningful access to digital platforms and resources for filing returns. For others, the fear of bureaucratic complexity and perceived punitive enforcement deters participation.
The government, for its part, has responded by promoting online systems and pledging greater taxpayer support. Tax authorities are increasingly engaging stakeholders to demystify filing processes, explain requirements and offer assistance. This mix of enforcement and facilitation is essential. As one seasoned revenue specialist observed: “The state cannot compel compliance through force alone; it must earn it through education, simplicity and fairness.”
The Broader Implication: A New Social Compact.
Ultimately, Nigeria’s renewed emphasis on tax return filing transcends administrative deadlines. It is an unequivocal declaration that national development is a shared responsibility, that citizens and state must engage in a transparent, accountable, and reciprocal relationship.
Tax compliance, therefore, becomes far more than a legal act; it becomes a moral claim on the nation’s future.
When citizens file their returns honestly, they affirm their stake in the nation’s destiny. When the government collects taxes transparently and deploys them effectively, it strengthens not only public services but civic trust itself.
In this sense, the deadlines proclaimed by Nigeria’s fiscal authorities mark not an end but a beginning; the beginning of a civic epoch in which accountability replaces apathy, participation replaces indifference and national purpose triumphs over fragmentation.
The road ahead will not be easy. But in demanding compliance, Nigeria is demanding more than tax returns. It is demanding commitment and that, ultimately, is the foundation on which nations are built.
Business
BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025
BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025
By femi Oyewale
Business
Adron Homes Unveils “Love for Love” Valentine Promo with Exciting Discounts, Luxury Gifts, and Travel Rewards
Adron Homes Unveils “Love for Love” Valentine Promo with Exciting Discounts, Luxury Gifts, and Travel Rewards
In celebration of the season of love, Adron Homes and Properties has announced the launch of its special Valentine campaign, “Love for Love” Promo, a customer-centric initiative designed to reward Nigerians who choose to express love through smart, lasting real estate investments.
The Love for Love Promo offers clients attractive discounts, flexible payment options, and an array of exclusive gift items, reinforcing Adron Homes’ commitment to making property ownership both rewarding and accessible. The campaign runs throughout the Valentine season and applies to the company’s wide portfolio of estates and housing projects strategically located across Nigeria.
Speaking on the promo, the company’s Managing Director, Mrs Adenike Ajobo, stated that the initiative is aimed at encouraging individuals and families to move beyond conventional Valentine gifts by investing in assets that secure their future. According to the company, love is best demonstrated through stability, legacy, and long-term value—principles that real estate ownership represents.
Under the promo structure, clients who make a payment of ₦100,000 receive cake, chocolates, and a bottle of wine, while those who pay ₦200,000 are rewarded with a Love Hamper. Payments of ₦500,000 attract a Love Hamper plus cake, and clients who pay ₦1,000,000 enjoy a choice of a Samsung phone or a Love Hamper with cake.
The rewards become increasingly premium as commitment grows. Clients who pay ₦5,000,000 receive either an iPad or an all-expenses-paid romantic getaway for a couple at one of Nigeria’s finest hotels, which includes two nights’ accommodation, special treats, and a Love Hamper. A payment of ₦10,000,000 comes with a choice of a Samsung Z Fold 7, three nights at a top-tier resort in Nigeria, or a full solar power installation.
For high-value investors, the Love for Love Promo delivers exceptional lifestyle experiences. Clients who pay ₦30,000,000 on land are rewarded with a three-night couple’s trip to Doha, Qatar, or South Africa, while purchasers of any Adron Homes house valued at ₦50,000,000 receive a double-door refrigerator.
The promo covers Adron Homes’ estates located in Lagos, Shimawa, Sagamu, Atan–Ota, Papalanto, Abeokuta, Ibadan, Osun, Ekiti, Abuja, Nasarawa, and Niger States, offering clients the opportunity to invest in fast-growing, strategically positioned communities nationwide.
Adron Homes reiterated that beyond the incentives, the campaign underscores the company’s strong reputation for secure land titles, affordable pricing, strategic locations, and a proven legacy in real estate development.
As Valentine’s Day approaches, Adron Homes encourages Nigerians at home and in the diaspora to take advantage of the Love for Love Promo to enjoy exceptional value, exclusive rewards, and the opportunity to build a future rooted in love, security, and prosperity.
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