Business
Kenny Ogungbe quits as MD of Raypower FM as Ambrose Somide replaces him
The Board of Directors of DAAR Communications Plc at its 73rd Board Meeting held on Friday confirmed Dr. Ambrose Olutayo Somide as the new Managing Director of the Radio Services-Strategic Business Unit of DAAR Communications Plc conglomerate, which includes both RayPower FM and FAAJI FM.
Somide’s appointment is sequel to the voluntary retirement by the erstwhile Managing Director, Dr. Kenny Ogungbe, who is now the Managing Director/CEO of KENNIS FM, the new radio station that has been granted operational licence by the National Broadcasting Commission.
Somide before his appointment, which takes affect from April 1, 2017, was the Director, Radio Services.
He was the Coordinating Officer for FAAJI 106.5FM amongst several other duties.
Somide is an alumnus of the University of Ife, now Obafemi Awolowo University, where he studied Urban and Regional Planning and graduated in 1991.
He started his broadcasting career in 1983 with the then Radio Nigeria, Abeokuta as a News Assistant.
In 1984, he joined the Ogun State Property Development Corporation, where he worked as a Survey Assistant-in-Training before proceeding to the University.
Upon graduation and after the National Youth Service, he joined the Ogun State Broadcasting Corporation (OGBC 2) as a Programme Presenter.
Upon the deregulation of the broadcasting sector, he joined DAAR Communications Plc radio station, RayPower FM, in 1993 as one of the pioneer staff as the first Head of Presentation and rose through the ranks to the position of the Assistant General Manger – Programme Services.
In 1988, he midwived the establishment of RayPower 2 106.5FM, an all talk radio station, which was a broadcast partnership between DAAR Communications Plc and the BBC, London.
In 2000, he rose to the position of the General Manager of Radio Services.
Between 2000 and 2008, he was into private practice as the Chief Executive Officer of a Broadcast Media Consultancy Firm – ATSOM Media.
The firm specialized in content management, content production, radio and television jingles and commercial (TVC) production, capacity development, content provider trainer and events compeering.
In 2008, he rejoined DAAR Communications Plc to again establish the first fully indigenous television station – FAAJI TV (Yoruba Language Channel) on Daarsat, the satellite television station.
In 2012, Somide once again midwived the establishment of FAAJI FM a Yoruba/Pidgin Language Radio Station as the Director of Radio Services, with the responsibility of Content Development, Programming and Presentation format for the new station, FAAJI FM, including other presentation and administrative duties on RayPower FM.
Somide has attended several courses and training programmes in broadcasting – FRCN Training School – Lagos in 1983; Tomson Foundation London’s Investigative Journalism Training in IITA, Ibadan in 1996; Advanced Management Techniques in BBC, London in 1998; Voice of America/USIS Basic Managers Training in 2000; Advanced Media Managers Training in the University of Tennesse, USA in 2000 and Rotary Club Exchange Programme in Norway in 2000.
To his credit are some award winning programmes that he presented/produced: Kileroyin (Radio Nigeria 1983), E ma Bubble (OGBC2), Minijojo (RayPower since 1994 to Date) and AIT Network (1996 to Date), Bournvita Breakfast Special (RayPower), Souls of Jazz (OGBC/RayPower), Guinness Power Jazz (OGBC/RayPower), Ultimate Morning Show (RayPower), Factfile (RayPower), Soul Serenade (RayPower), Brosumers Smooth Lounge (Rock City FM), Oskedemi (Radio Lagos/LTV), Koleladun (OGBC 2), Oro to nlo (FAAJI, Daarsat/Africa Independent Television)Ultimate Morning Show (RayPower Network) Factfile (Ray Power Network)
For his outstanding contributions to the broadcast media, he has been decorated with some awards: AMEN Award for Best Duo on Radio in 1988, Merit Award, Jaycee Club, Abeokuta in 1988, Most Popular on Air Personality (TV) 2012, Celebrity Media Award, Best Radio Presenter National (Male)2013, Nigeria Broadcasters Awards, Special Recognition Award City People Award 2013, Award of Excellence 2013 by the Institute of Certified Communications 2013, Honoured as the Ekerin Atoloye, Oke-Odo, Asero, Abeokuta.
Somide in 2013 was awarded Honorary Doctorate Degree in Electronic Media Administration and Management by the Institute of Graphoanalysts of Nigeria, Onigraffiks-OPEN University.
He was one time the Chairman of the Lagos Branch of Freelance and Independent Broadcasters Association of Nigeria and the National President from 2008 to 2012.
He is a lover of Jazz, traditional African music.
He loves reading and travelling.
He is happily married and blessed with three boys.
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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