Business
Why Adeboye stepped down as head of Nigeria’s Redeemed Church
General Overseer of the Redeemed Christian Church of God, Enoch Adeboye, stepped down as head of the church in Nigeria in line with a proposed Corporate Governance Code in Nigeria, PREMIUM TIMES has learnt.
Mr. Adeboye referred to the governance code as he announced his decision to give up the position on Saturday, church leaders who attended the session, said.
The code, proposed in May 2015, limits the number of years heads of corporate organisations can stay in office. It is mandatory for the private sector.
The Code of Governance for Not-for-Profit entities is “Comply or Justify non-compliance.”
It is under the Not-for-Profit category that churches like the RCCG come under.
The code was later suspended, reportedly after the Attorney General, Abubakar Malami, opposed its implementation.
It was unclear whether Mr. Adeboye knew the proposal had been suspended.
While announcing the governance code in October 2016, the Financial Reporting Council, FRC, had said it would take effect from October 17, 2016.
FRC said, “In accordance with Section 50 of the Financial Reporting Council of Nigeria Act, 2011, which among other things requires the Directorate of Corporate Governance to develop the principles and practices of Corporate Governance applicable in Nigeria, the Council hereby releases the National Code of Corporate Governance effective 17th October 2016.”
It further said, the “Code of Governance for the Public Sector will not be applicable immediately until an executive directive is secured from the Federal Government of Nigeria. This is due to the fact that the enabling laws that set up most government establishments already carry some form of governance structure that will require an umbrella legislation to unify the different provisions of those laws to synchronise with this Code.”
Mr. Malami later wrote a strong opinion against it.
Mr. Adeboye had on Saturday surprised the top echelon of the RCCG by stepping down from direct leadership of the church in the country. He appointed Joshua Obayemi as the National Overseer of the church in Nigeria.
Mr. Obayemi, who was Special Assistant to General Overseer on Finance, was appointed at the annual Ministers Thanksgiving at Shimawa, Ogun State.
Mr. Adeboye will however remain the General Overseer of the RCCG Worldwide.
Daddy G. O.’s tactical resignation or retirement: An unpleasant development
While I agree totally with the call for Christians to go into politics én mass, I would rather call for the church first of all to go into prayers. Haven’t we seen sound Christians who went into politics and became compromised by the monstrous spirit of corruption and mammonry that has eaten dip into our political system and taken root in all the seats of power?
This ungodly law that is supposedly signed into law by the National Assembly did not start as a national issue but an expression of grief by one man who became aggrieved by his pastor and general overseer. This man is the current boss of the Financial Reporting Council of Nigeria.
This said man was a pastor with the RCCG who became envious of the success and power wielded by the General Overseer, because, he himself is a power hungry man. He became head of the FRC after repeatedly backstabbing his boss to whom he was number two with repeated petitions to the higher authorities against his boss until he had his way.
He has never had anything good to say about his G. O. He had always spoken I’ll of him to whoever cares to hear. While he was still a pastor under the RCCG, he bragged that he had not stepped his foot into the Redemption Camp in many years.
He had always complained that the G O has asked other pastors to step down after reaching 70 years and he himself has refused to do so. And had bragged on a few occasions that he would ensure the G O steps down.
Let me add that neither he the boss nor the parastatal he heads (FRCN) has the power to execute the law, but he did. Financial Reporting Council has its jurisdiction whose bounds this man has overstepped. Recently, the kangaroo Acts of the FRC he concocted alone to favour him and his draconian regime was repealed by the National Assembly or so it seems. His satanic high handedness style of governance has been a thing of concern in the parastatal.
He became so power drunk that he tried to insult the integrity of the G O four years ago when the G O asked that he comes to see him. Only then was his church file as a pastor reviewed and he got suspended from the church. He became all the more drunk with power when he got someone who introduced him to the then president. There, he found an opportunity to present this matter to the president and gave reasons why churches and mosques should start paying taxes. He convinced the president then by running down God’s servants.
He was an easy tool then because he came very handy to be used against the then Central Bank governor which led to his suspension from office. This drew him closer to the president and tactically had the president’s ear. It was at that point he made way to express his devilish desire against the church with his G O as main target.
When the church suspended him and the then president left office, he quickly joined himself to Latter Rain Church and got introduced to the pastor through a member of staff of the FRC who worships there. This he did subtly because of the closeness of the pastor to this present government so he can get introduced to the new Preside Buhari. That was done.
His staff in the office are groaning under his hard leadership and cannot speak out because he had held them bound with threats and fear. This man who today is an enemy of the church has been implicated in wizardry and witchcraft and belonging to the occult. He has some cases of abuse of office and immoral activities going on in court against him which he lost recently.
Today, he is laughing because it seems his agenda is playing out. He is boasting that it will spread to all the other long serving G.O.s This, he will achieve if the church does not arise to both pray and cease power first from the realm of the spirit.
In Acts 12:1-10, when Herod took James and killed him and no one did anything, he proceeded to take the leader of the apostles- Peter. That’s when the church woke up to prayers and intervention came in verse 5-10.
In Acts 7:1-end, Saul ensured Steven died and no one stood against him, so he proceeded to Damascus to clean up the church until the Master intervened because the church prayed.
Who said the bill can not be reversed? Why should the church be dictated to by the state when the state has no hand in leading the church? Didn’t our Lord Jesus say He will build His church and the gates of hell cannot not prevail against it? Why is hell raging now and we are complying?
Haman’s Bill in the book of Esther was countered. Joshua stopped time until he overthrew evil kings. Where is the power today in the church? We see not our signs. (Ps. 74:9)
The state cannot dictate to the church when her leaders should come in and out and who they should handover to. If we don’t fight this evil now, it will develop into something worse that will bring regrets to the church. Who knows; they could start telling the pastors what to preach and what not to preach. What pastors should wear and not wear etc.
Let’s call for a Solemn Assembly and let the priests weep between the porch and the altar until this evil quickly dies out.
Awake O Zion and trim your light. Arise O church and shine for your light is come and the glory of the Lord is risen upon you.
It is a dark period for the world but the best time for the church to shine (Is.60:2)
*Resolving the Obazee sack angle…*
Many people wonder why PMB must have sacked Obazee and ordered for a replacement. Let us get the facts away from fiction.
* A lot of complaints have been tendered against Obazee from the private sector for years which got worse in the past few months.
* He had a right to carry out his assigned duties, but one of such allegations against him was that of vendetta.
* He was once sacked while reportedly working under baba Adeboye of the RCCG.
* He was instructed days ago by the minister of industry trade and investment to hold on while issues concerning him are sorted out.
* The minister is the boss and head of the FRN.
* He defied the orders of the minister to suspend the regulation, and went ahead to enforce the act. His first point of call was the RCCG, ensuring that daddy Adeboye obeys the law.
* The minister reported him to the president. His case is that of insubordination. He disobeyed and was in the process rude to a senior official.
* PMB recommended immediately that he should be sacked and replaced for defying the orders of his superior to look into the matter, deliberately further about it and clear issues bordering on revenge as regards his person.
Those are my findings regarding the sack by PMB, it truly had nothing to do with weakness or succumbing to pressure by PMB nor is it karma of the history of the Obazee guy drafting the recommendation which removed Sanusi under GEJ.
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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