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There are chances that the presidential candidate of the Labour Party in the 2023 general elections, Peter Obi may dump the party before the next general elections. This is coming just a few days after the party reserved its presidential ticket for Obi in the 2027 elections.

Speaking during an online chat with his supporters on X (formerly Twitter), Obi dropped hints of a likelihood of him pitching his tents elsewhere. He said his focus remains fixing Nigeria for the benefit of all citizens and said that the mission that the “Obidient Movement” has imbibed.
Obi said, “Our engagement is about Nigeria, they are trying to change our focus. What we want to do is not about the Labour Party; it is about what the Obidients want to do about Nigeria.

“We are thinking about water, we are thinking about power, we are thinking about employment, thinking about security. That should be our focus.
“The other matter we will deal with. We were somewhere, we didn’t start with Labour.
“I’m a Christian. Jesus said, When you go into a city, try to change them, live with them, fast. in the end, you can’t come out and even wash the sand that is on your shoes.

“He didn’t say go there and die with them. I tell you, I’m making spirited efforts to change them (LP), but I’m not going to die with them.
“That will not stop what we set out to do. We will try to change them (LP), if we can’t, we will leave them; we will not die with them.”

The Federal Government, in a significant move geared towards the protection of national economic integrity and fiscal sustainability, filed a lawsuit against well-known cryptocurrency exchange site Binance.
The Federal Inland Revenue Service (FIRS) made the allegations public on Monday after they were formally filed before the Federal High Court in Abuja.

The case, which has the case number FHC/ABJ/CR/115/2024, accuses Binance of four counts of tax evasion.

Accompanying the crypto company as second and third defendants in the suit are Tigran Gambaryan and Nadeem Anjarwalla, both senior executives of Binance currently held in custody by the Economic and Financial Crimes Commission (EFCC).
The charges leveled against Binance include allegations of non-payment of Value-Added Tax (VAT), Company Income Tax, failure to file tax returns, and complicity in aiding customers to evade taxes through its platform.

Furthermore, the Federal Government accuses Binance of neglecting to register with FIRS for tax purposes and contravening existing tax regulations within the country.
One of the counts in the lawsuit pertains to Binance’s purported failure to collect and remit various categories of taxes to the federation, as stipulated by Section 40 of the FIRS Establishment Act 2007 as amended.

This section explicitly addresses the non-deduction and non-remittance of taxes, prescribing penalties, and potential imprisonment for defaulting entities.

The charges outline specific instances where Binance allegedly violated tax laws, such as the failure to issue invoices for VAT purposes, thereby impeding the determination and payment of taxes by subscribers.

“Any company that conducts business exceeding N25 million annually is deemed, by the Finance Act, to be present in Nigeria,” the FIRS noted in a statement.
“According to this rule, Binance falls into that category. So, it is obligated to pay taxes like Company Income Tax (CIT) and also collect and remit Value Added Tax (VAT). However, Binance did not adhere to these requirements, thus violating Nigerian laws and potentially facing investigation and legal action for this infraction.”

The Federal Government says it remains steadfast in its commitment to ensuring compliance with tax regulations and combating financial impropriety within the cryptocurrency sector.
By law, FIRS is empowered to assess, collect, and account for revenue accruing to the Federation and administer relevant tax laws.

Binance previously pleaded guilty to violating anti-money laundering laws in the United States in late 2023, reaching a plea bargain agreement that resulted in the company paying a hefty fine of $4.3 billion.
  his visit to Governor Sani after the kidnap of the Kuriga school children promised deployment of a Police Mobile Force against banditry in the state.
The governor, while receiving the squad, expressed appreciation to the Inspector-General of Police, Kayode Egbetekun, for fulfilling his promise on the deployment of the squad.