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‘Governor Fayose is funding IPOB’ – APC

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Nnamdi Kanu’s ‘Disciple’, Ekpa Writes UN, Announces Himself As Prime Minister Of Biafra Government In Exile, Lists Other Ministers, Office Holders Simon Ekpa, the self-proclaimed disciple of the detained leader of the Indigenous People of Biafra, Nnamdi Kanu has described himself as the Prime Minister of the Biafra Republic Government in Exile (BRGIE). Ekpa, in a letter to the United Nations General Assembly, dated April 13, 2023, which he personally signed, urged the global community to recognise Biafra Republic Government in Exile, which he said was established to undertake the political and administrative governance of the ‘Biafra nation’ from outside of ‘Biafra’ territory. He also appealed to the UN to prevail on the government of Nigeria to unconditionally release Nnamdi Kanu and all ‘Biafrans’ held captive in any dungeon in Nigeria, and conduct a peaceful referendum to enable a peaceful and bloodless exit of Biafra from Nigeria. According to the letter obtained by SaharaReporters on Thursday, Ekpa stated that the indigenous people of ‘Biafra’ set up the exile government in their determination to exit the Nigerian state, while enumerating a plethora of reasons why IPOB wants the South-East region to exit from Nigeria. He said the Biafra Government in Exile will "undertake diplomatic and foreign relationships, arrangements and agreements, negotiations and pacts with other nations and interest organisations of the world on behalf of Biafra People”. “They are to be accorded all diplomatic privileges as due to any government official of their respective level. Biafra people, through their government in exile are sourcing for supports from all nations of the world to assist it exit Nigeria peacefully," he added. According to the letter to the United Nations General Assembly, an election was conducted and "Mazi Simon Ekpa was elected as the Prime Minister together with other Biafra Government in Exile officials, namely; Head of Finance –Mazi Ogechukwu Nkere; Deputy Head of Finance –Hon Lady Azuka Charlesnwankwo; Defense Minister –Hon. Lady Azuka Charles Nwankwo; Home Land Liaison –Dr M O & Prof C. O. N; Diplomatic & Foreign Affairs –Dr Sam Agubosim. Deputy Prof Anthony Nwannebuike Nwiboko; Coastal Region Orientation Coordinator-Madam Anirejou Josephine Erewa”. Others are Group Secretary –Victor Adim/ Dr Ruby Nnadi; Dept. Of Planning & Strategy –Paul Adinam; Information/ Media & Communication –Dr. Florence Agie & Mazi Ralph Chiamaka Ajere; Secretary to World Igbo Union –Madam May Ndirika; Military –Prof Anthony Nwannebuike Nwiboko/Mazi Solomon Nkwocha; Ministry of Health –Dr Ngozi Orabueze, Dr Offorma, Dr Sam and Dr Mora; Education –Dr Ruby Nnadi; Oil & Gas –Dr Ngozi Orabueze & Emma Maduabu; Pharmacy & Laboratory Science, Board of Nursing –Dr Benedict / Dr Florence Agie and Transport & Logistics –Amobi Eneh.

 

 

 

 

On the day the federal government accused disgruntled politicians of sponsoring the separatist group, IPOB, the All Progressives Congress, APC, in Ekiti State has accused the state governor, Ayodele Fayose, of funding the group and its leader, Nnamdi Kanu.

The party accused Mr. Fayose, a vocal critic of the Muhammadu Buhari federal administration, of plotting to destabilise Nigeria.

The party also said that the governor’s counsel in a press release on Saturday urging dialogue to resolve the Biafran crisis was an afterthought.

The Publicity Secretary of the party in the state, Taiwo Olatunbosun, said in a statement on Sunday that the Nigerian Army was performing its constitutional role of preserving the unity of Nigeria and bringing all secessionists and their backers to justice.

Mr. Fayose had urged the federal government to embrace dialogue in the resolution of the Biafran agitation after the Nigerian military declared IPOB a terrorist organisation.

He had earlier accused the government and the military of ethnic cleansing in their handling of the Biafran agitation.

Mr. Olatunbosun said the governor’s actions and utterances had shown that he was “solidly behind any activity that will bring Nigeria down.”

“On April 26 and as published by The Nigerian Tribune Newspaper and its online publication on April 27, 2017, Fayose said he was working in conjunction with Deputy Senate President, Ike Ekweremadu, to raise funds for Kanu, stressing that he was taking his support for Kanu beyond showing solidarity in court by raising funds that would be deposited in an account opened in Kanu’s name,” Mr. Olatunbosun alleged.

He quoted the governor as saying that, “as many lawyers willing to fight the oppression should join the struggle for liberation from the oppression,” alleging that Mr. Fayose was not new to seditious and treasonable activities to bring Nigeria down.

“He led a campaign to the Chinese Embassy in Abuja and later to Shanghai, the Chinese capital, to urge the Chinese government not to lend hands in helping Nigeria out of recession,” continued Mr. Olatunbosun.

“Relentlessly, he led hate campaigns against the symbol of the Nigerian authority, President Muhammadu Buhari, wishing him dead, including hounding and haunting the President across the world, including on his sick bed, and threatening to expose the President on a life-support machine, all these in spite of swearing to uphold the Constitution of the Federal Republic of Nigeria and to be loyal to the Nigerian state and her President.

“He went further as reported in the media on May 25, 2017 that ‘Ekiti State is now part of Biafra’, which drew the ire of several Yoruba groups as reported in the media.

“Not done, while Nigerians and indeed the country’s leaders were celebrating Nigeria’s exit from recession, Fayose was the only governor across the country who dismissed the celebration as a ruse, maintaining that Nigeria was still in a deep economic mess even though in his state, he is the biggest stumbling block to the survival of Ekiti people by diverting all loans he took to pay workers salary to needless projects contracts awarded to his friends’ companies in which he allegedly has interest.”

Mr. Olatunbosun further alleged that Mr. Fayose demonstrated the seriousness of his support for the collapse of Nigeria when he released his telephone number 070300000393 and email: [email protected] as reported in the media on April 27, 2017, urging all that were interested in the Biafra cause to contact him through the phone number and email address.

“All the South-east governors, including the Deputy Senate President Ike Ekweremadu, have opposed Kanu in his secessionist activities while Governor Nyesom Wike of Rivers State has warned Kanu and IPOB to stay away from Rivers; but Fayose declared Ekiti State as part of Biafra and that has confirmed the report that he is part of Biafra’s financiers as he had publicly declared to the media,” said Mr. Olatunbosun.

 

“No wonder, just four months after Fayose started mobilising funds for Biafra, thousands of deadly weapons, including military assault rifles, were smuggled into the country but were intercepted by the Nigerian Customs while it was also discovered that uniformed Biafran militants already have military training camps where they are planning deadly assaults against Nigeria after threatening her leaders.

“We had earlier alerted the security agencies to the presence of armed gangs and stockpiling of arms in the Ekiti State Government House and his present activities in raising funds for Kanu only confirm that he is part of rebellion against the Nigerian state.

“We have always insisted that Fayose is a threat to the Nigeria’s unity and the economic survival of her people.”

The APC spokesman urged security agencies and Interpol to investigate Mr. Fayose in his support for funding IPOB with “the latest influx of military assault rifles into the country.”

“His support for Kanu in funds mobilisation for his treasonable act and the activities of Fayose’s media men in promoting the Biafran cause only point to one agenda to destabilise Nigeria and that has proved us right that Fayose has no agenda than the destabilisation of Nigeria to enable him escape all illegal and criminal activities linked to him in recent past,” he added.

But Mr. Fayose has described the allegation as baseless, saying his support for the group did not translate into funding of the IPOB.

His Chief Press Secretary, Idowu Adelusi, who spoke on his behalf, told PREMIUM TIMES on Sunday that the APC allegation was an attempt to “cover up the federal government’s torture and killing of the Igbo people.”

He said the governor had the right to express his support for any group, including the IPOB, arguing that the travails of the Igbo people should be the concern of all Nigerians.

“The attack by the military on the IPOB should be a concern for all Nigerians,” he said. “The people are expressing their fundamental rights. Their demands are legitimate.”

He denied raising funds for the group, saying that it was the ploy of the APC and the government at the centre to defend their wrongdoings and silence any opposition.

“The agitation of the IPOB is as a result of bad governance by the present administration,” Mr. Adelusi said.

“If there was good governance, there would not have been any need for the agitations; there would not have been calls for restructuring by the Niger Delta agitators, Afenifere and other groups.”

Mr. Adelusi further reasoned that the proclamation of IPOB as terrorist organisation was uncalled for, given that far more dangerous groups like the Fulani herdsmen, who had been accused of killing, maiming and raping, had been treated lightly.

 

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Deadline of Compliance: Nigeria’s Urgent Call for Tax Return Filing

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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.

 

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BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025

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BUA FOODS PLC RECORDS 101% PROFIT GROWTH IN H1 2025, CONSOLIDATES LEADERSHIP IN NIGERIA’S FOOD SECTOR …Revenue Rises to ₦912.5 Billion; PBT Hits ₦276.1 Billion

BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025

By femi Oyewale

BUA Foods Plc has delivered one of the most impressive financial performances in Nigeria’s fast-moving consumer goods (FMCG) sector, recording a 91 per cent increase in Profit After Tax (PAT) for the 2025 financial year.
According to the company’s unaudited financial results for the year ended December 31, 2025, Profit After Tax rose sharply to ₦508 billion, compared with ₦266 billion recorded in 2024, underscoring strong operational efficiency, improved cost management, and resilience despite a challenging macroeconomic environment.
The near-doubling of profit reflects BUA Foods’ ability to navigate rising input costs, foreign exchange volatility, and inflationary pressures that weighed heavily on manufacturers throughout the year. Analysts note that the performance places the company among the strongest earnings growers on the Nigerian Exchange in 2025.
The company’s Q4 2025 performance further highlights this momentum. Group turnover stood at ₦383.4 billion, while gross profit came in at ₦151.5 billion, demonstrating sustained demand across its core product lines including sugar, flour, pasta, and rice.
Despite a year marked by higher operating costs across the industry, BUA Foods maintained disciplined spending. Administrative and selling expenses were kept under control relative to revenue, helping to protect margins.
Operating profit for Q4 2025 stood at ₦126.9 billion, reinforcing the company’s strong core earnings capacity. Although finance costs and foreign exchange losses remained a factor, reflecting the broader economic realities, BUA Foods still closed the period with a Net Profit Before Tax of ₦102.3 billion for the quarter.
Earnings Per Share Rise Sharply
Shareholders were among the biggest beneficiaries of the strong performance. Earnings Per Share (EPS) rose significantly, reflecting the substantial growth in net income and strengthening the company’s investment appeal.
Market watchers say the improved earnings profile could support sustained investor confidence, especially as the company continues to consolidate its leadership position in Nigeria’s food manufacturing space.
BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025

By femi Oyewale
Industry Leadership Amid Economic Headwinds
BUA Foods’ 2025 results stand out against a backdrop of currency depreciation, energy cost spikes, and logistics challenges that constrained many manufacturers. The company’s scale, backward integration strategy, and local sourcing advantages are widely seen as key contributors to its resilience.
Outlook
With a 91% year-on-year growth in PAT, BUA Foods enters 2026 on a strong footing. Analysts expect the company to remain a major driver of growth in the consumer goods sector, provided macroeconomic stability improves and cost pressures ease.
For now, the 2025 numbers send a clear signal: BUA Foods is not only growing—it is accelerating.
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Adron Homes Unveils “Love for Love” Valentine Promo with Exciting Discounts, Luxury Gifts, and Travel Rewards

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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.

 

Adron Homes Unveils “Love for Love” Valentine Promo with Exciting Discounts, Luxury Gifts, and Travel Rewards

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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