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Rejoinder: Clarification on Sahara Reporters’ Article Dated November 2, 2023

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Rejoinder: Clarification on Sahara Reporters' Article Dated November 2, 2023

Rejoinder: Clarification on Sahara Reporters’ Article Dated November 2, 2023

 

 

We address the publication by Sahara Reporters on November 2, 2023, regarding an alleged N198.7 billion tax liability attributed to BUA Industries Limited arising from a claim stemming from an estimated tax computation by FIRS based on an over 1 trillion naira turnover in 2022 which is false. The letter from the Federal Inland Revenue Service (FIRS) dated September 19, 2023 was a routine inquiry, to which we have responded promptly and categorically denied any such tax liability as BUA Industries Ltd never had 1 trillion turnover in 2022 (see FIRS Letter and our Response attached). We have already objected to the absurd claim as per the letter, and our books remain open for inspection by FIRS and other regulatory bodies to ascertain our compliance with tax laws and other statutory obligations.

 

Rejoinder: Clarification on Sahara Reporters' Article Dated November 2, 2023

 

 

 

– The article’s narrative about a seven-day ultimatum is misleading; it was a timeframe given to respond to the inquiry, not to pay any alleged amount.
– BUA Industries Limited maintains a cordial and transparent relationship with regulatory bodies, including FIRS, and we are committed to adhering to all tax laws and other statutory obligations.
– The publication misrepresents the nature of the inquiry and the engagement between BUA Industries Limited and FIRS.

BUA Industries Limited remains committed to operating under the highest standards of corporate governance, transparency, and regulatory compliance. We appreciate the continuous trust and support from our stakeholders and the public.

Signed:
Management,
BUA Industries Limited

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Afro-Asian Entrepreneurs Conference 2024 Set to Unite Continents in Delhi

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*Afro-Asian Entrepreneurs Conference 2024 Set to Unite Continents in Delhi*

 

The Mediapreneur Network, a prominent non-governmental organization based in Nigeria, is collaborating with the Nigeria-India Business Council (NIBC) and other stakeholders to organize the Afro-Asian Entrepreneurs Conference 2024. Scheduled for Saturday, July 6th, 2024, at the prestigious Indraprastha Institute of Information Technology, Delhi, the event aims to foster global innovation and sustainable entrepreneurial success under the theme “Uniting Continents.”

 

 

Led by Abisola Williams, a 24-year-old Nigerian student based in India, the Mediapreneur Network has been at the forefront of promoting digital skills, mentorship, and entrepreneurial growth among youth. Williams, nominated for the 25Under25 CEO’s Award in Nigeria’s Social Enterprise and Development category, has a commendable track record of organizing impactful conferences across Nigeria, impacting over 1,500 individuals.

The conference enjoys the support of esteemed organizations such as mentors Global, TiE Delhi-NCR, RevUp Life Skill, Payomatix Technologies, Edudite Consultancy and others. It anticipates participation from over 500 delegates, including distinguished speakers, ambassadors, high commissioners, and more than 30 awardees. The gathering promises to offer a dynamic platform for collaboration, creativity, and actionable insights.

Key objectives of the conference include contributing significantly to global economic empowerment, promoting peace-building initiatives, and facilitating the creation of new businesses and employment opportunities. It underscores strategic partnerships across private, public, and civil sectors to enhance bilateral relations and foster investment opportunities between Nigeria and India.

For media inquiries, partnership opportunities, and registration details, interested parties are encouraged to visit the official conference website at www.afroasianmediapreneur.com or contact Abisola Williams directly at +91 9675997319 or +2348133659873.

Witness the unfolding of a transformative journey towards global innovation and sustainable entrepreneurial success at the Afro-Asian Entrepreneurs Conference 2024.

*Contact Information:*
Abisola Williams
Email:

[[email protected]]

(mailto: [email protected])

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Why You should Patronize Mariah Scent

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Why You should Patronize Mariah Scent

 

Spray perfumes to tell your story! Like they say Perfume is the only way to turn any boring day into an enigmatic one. And one of the surest plugs to get quality perfume is Mariah Scent.

 

Why You should Patronize Mariah Scent

Known for quality perfume, Mariah Scent is the leading plug to give you sure confidence by smelling nice.

 

 

That’s why a lot of dignitaries patronize Mariah Scent. There delivery service too is topnotch.

Run by delectable Maria Bambi, patronize Mariah Scent for quality perfume branda at cheaper price.

 

Contact her on 0704 868 9404 and IG handle @mariah_scent

 

Why You should Patronize Mariah Scent

 

 

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Harmony Gardens MD, Saheed Mosadoluwa Tackles Nigeria’s Housing Deficit As BHDSummit2024 Holds in July

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Come July 2nd 2024, Harmony Gardens and Estate Development Ltd, under the leadership of Hon. Dr Saheed Mosadoluwa better known as Mr Ibile will be hosting Bridging Housing Deficit Summit 2024 “BHDSummit2024”, coinciding with the grand launch of Lekki Aviation Town. This summit will bring together 7,000 Nigerians to discuss solutions to the housing deficit and affordability obstacles, showcasing Mosadoluwa’s commitment to addressing these critical issues.

Hon. Dr. Saheed Mosadoluwa, a prominent businessman and entrepreneur, is making significant strides in tackling Nigeria’s housing deficit and national airline challenges. As the chairman of Harmony Gardens and Estate Development Ltd, Mosadoluwa has established himself as a leading figure in sustainable real estate development in Lagos State.

Founded in 2019, Harmony Gardens and Estate Development Ltd has grown into a major player in the Nigerian real estate industry. With a portfolio that includes seven developing estates, such as HarmonyVille, Granville, CrestView, Oju-Alaro Estates, and Lekki Aviation Town, the company aims to provide housing for up to 750,000 Nigerians. The acquisition of 1,412 hectares of land valued at $860 million underscores the firm’s ambition and capability.

Mosadoluwa’s journey began in the aviation and logistics sectors, where he catered to Hajj operations and freight forwarding. His expertise led to the founding of Royal Crystal Airways in 2019, after serving as Director of Operations for airlines including Saudi Gulf, White Airways, and Nigeria’s defunct Kabo Airline. His aviation ventures have contributed to a diversified portfolio that spans logistics, events, hospitality, and manufacturing, with a global footprint across Europe, Asia, the Middle East, and Africa.

Mr. Ibile’s impact extends beyond real estate. His commitment to public service and sustainable development has earned him recognition as one of the most influential young entrepreneurs in West Africa. Despite facing numerous challenges, he has consistently demonstrated a strong work ethic and visionary leadership.

In addition to his business achievements, Mosadoluwa has addressed the pressing issues of Nigeria’s housing deficit and national airline challenges. He believes that overcoming these obstacles requires a willingness to let go of trade-offs and embrace innovative solutions. His vision for Lekki Aviation Town, a hub for aviation services, training, and innovation, aims to position Lagos State as a key player in the global aviation industry.

Harmony Gardens and Estate Development Ltd’s success is a testament to Mosadoluwa’s innovative approach to urban living. The company’s flagship project, Harmony Gardens Estates, sets new standards for luxury and sustainability in Lagos. Notable developments include the acquisition of land for Lekki Aviation Town and the launch of multi-billion-naira estates in the Lekki area.

Hon. Dr. Saheed Mosadoluwa’s dedication to excellence, sustainable development, and innovation continues to inspire a new generation of leaders and entrepreneurs. His efforts to transform Nigeria’s housing and aviation sectors highlight his role as a visionary leader committed to making a lasting impact on the nation’s development.

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