Business
Zenith Bank robbery : Bank compensates family of dead policemen
The Imo State Police Command on Tuesday promised prompt payment of the entitlements of the two policemen who lost their lives during the robbery attack on a Zenith Bank branch on Wetheral Road, Owerri, Imo State.
The state Commissioner of Police, Chris Ezike, while commending The PUNCH Newspapers for doing a “thorough job”, said the police would not abandon the victims’ families.
This is just as Zenith Bank said it would foot the bills for the treatment of Sergeant Otu Attang, who lost one of his eyes during the attack.
The company said it would also sponsor the education of the children of the late two cops, Sergeant Chukwudi Iboko and Sergeant Sunday Agbo.
PUNCH Metro had reported that a gang of four attacked the Zenith Bank branch on February 22, 2017, carting away some undisclosed amount of money from a customer whom they trailed to the premises.
However, the incident gained public attention early June when footage of the bank’s Closed Circuit Television Camera, which captured the moments of the robbery, was released to the public.
The 2.58 minutes video, which immediately went viral, showed a courageous Chuwkwudi engaging the robbers in a gun duel from a security post at the bank’s entrance.
One of the robbers, later identified as Ikechukwu Opara, was shot dead while sneaking to the security post.
Soon after, Chukwudi could be seen running out of the security post as one of the robbers shot continuously in his direction.
He was said to have died the following day, following gunshot injuries he sustained during the attack.
Another policeman with him on the premises, Agbo, was also said to have died shortly afterwards, while the third policeman, Attang, lost one of his eyes.
In an exclusive interview with The PUNCH Newspapers, Chukwudi’s widow, Rose, lamented that one of their eight children, Chukwuebuka, died from shock during the burial of the father.
The PUNCH Newspapers and some social activists, led by Kayode Ogundamisi, in response to the call of readers and Nigerians from different parts of the world, inaugurated a GofundMe account to raise $15,000 for the family, a feat that was achieved within 24 hours.
However, the Imo State CP, Ezike, during a press briefing at the command’s headquaters in Owerri, described the slain cops as heroes who would never be forgotten.
He recalled that shortly after the robbery, the command got a marching order to arrest the robbers that killed the cops who were from the 18 Police Mobile Force Squadron, Owerri.
Ezike said investigations led to the arrest of the robbery suspects, which included 36-year-old Justice Ogbonna, aka JJ; Abiye Charles; and Okechukwu Nwanegbo, aka Modestus.
The commissioner said the police recovered two AK-47 rifles and one AK-49 rifle with 175 rounds of ammunition from the suspects.
Also recovered were four cars – one Toyota Avalon, two Toyota Camry, and one Toyota Corrolla.
“Let me state for the avoidance of doubt that the trio of Sergeant Chukwudi Iboko, Sergeant Sunday Agbo and Sergeant Otu Attang, remain our heroes. They were gallant, professional, and courageous; they displayed encouraging passion in defence of lives and property. The Nigeria Police Force, under the able leadership of the Inspector-General of Police, Ibrahim Idris, has not, did not and will not abandon them and/or their families.
“As you are well aware, the Nigeria Police Force is a Federal Government agency governed by laws, rules and regulations in all matters, including financial matters. Be rest assured, therefore, that the financial rights, entitlements, benefits and even privileges of these our own shall be fully paid, and on time too.
“The two deceased officers were recommended for posthumous promotion, while the injured officer was also recommended for a special promotion to his next rank. I am very confident that very soon, the Inspector-General of Police will graciously announce the promotions. Similarly, the command is in constant touch with the families of the deceased officers. We have made and will continue to make financial assistance to cushion the effect of the loss of their loved breadwinners.”
He said the management of the bank gave financial assistance for the burial expenses of the victims and released start-up business funds for the deceased families.
Ezike noted that the bank also agreed to be giving monthly allowances to the families, including a promise of scholarship to any level of education for the children of the deceased officers.
He thanked Nigerians for their support since the security video went viral, saying the job of protecting lives and property could be hazardous.
The police boss said the state Governor, Rochas Okorocha, had promised to meet the families of the policemen.
PUNCH Metro learnt that one Mr. John Ekweanuo of Sparvi Charity Foundation Worldwide presented the sum of N500,000 to Chukwudi’s family at the briefing.
A blogger, IfeanyiCy Njoku, who made the presentation, said the foundation was touched by the bravery of the policeman.
“The money was presented to the widow in the presence of heads of police formations in Imo State and the state Commissioner of Police,” he added.
GoFundMe account swells
Meanwhile, Nigerians have not stopped contributing towards the welfare of the seven children and widow of late Sergeant Chukwudi Iboko.
On the GoFundMe account page created by The PUNCH Newspapers and some social activists, about 465 people have raised $18,758, which is in excess of the $15,000 target.
The donors lauded the courage displayed by Chukwudi and urged the government to review the insurance policy of policemen in the country.
In order to ensure the judicious use and management of the funds, PUNCH has selected two non-governmental organisations to join Kayode Ogundamisi, the social activist who spearheaded the creation of the appeal to arrange for the withdrawal of the funds and its transfer to the beneficiaries.
The account is domiciled in the United States.
The two organisations are the Development Support Initiative, whose Director is Mrs. Jackline Odiadi, and Rock of Ages Foundation (Abuja), whose head is Mr. Ignatius Ezeigbo.
The two NGOs agreed to arrange for the disbursement, travel to the family and other related issues for free and without making any deductions from the funds.
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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