₦airaland Forum

Melvyn11:
What prize in the men is she looking for?

She's is rich, famous,get pikin, already tasted marriage, have different men that will service her when she needs it so why is she craving marriage. It's weird ...Na people like cuppy suppose dey drop quote like that.

Na she know why she drop the quote bros.

Men still remain the prize.

Melvyn11:
Supreme court also contradicted itself as in another case they stated " the Supreme Court’s decision in Dikko v. State (2016), where the court held that “once a trial is declared a nullity, the accused stands discharged and acquitted; the matter cannot be reopened to his detriment.”

The 2023 verdict will take precedent over the 2016 verdict going forward. It's nothing new, the Supreme Court has reversed itself several times.

Melvyn11:
There was actually a ruling in 2022 and he was suppose to be let go but the government refused. Even in Kenya the ruling was also in his favor..... basically Nigeria has no jurisdiction to prosecute him as they didn't take him from Kenya legally.

Check my last post to BlueRay, the Supreme Court already ruled that the extradition cannot stop the trial from going on in 2023, that's why the case is continuing.

I doubt Kenya court has jurisdiction over crimes committed in Nigeria.

BlueRayDick:
What about this BBC report in 2022?

https://www.bbc.com/news/world-africa-63241555

I read through it and what I could sense from it was that the appeal court nullified and declared the process of his rendition to Nigeria as illegal and no real trial can take place from that illegality.

Malami the AGF seemed to speaking Buhari's mind by insisting they won't release him despite the court ruling.

Personally I think Buhari and his (ill)advisers messed up the case and dumped the bad case on Tinubu's government who have not really made any headway from the problem they inherited.

Another Appeal court judge granted a stay of execution on the judgment and Kanu lawyers appealed to the Supreme Court. The supreme court ruled in December 2023 that the trial should continue and squash the appeal court judgement.

https://www.google.com/amp/s/www.bbc.com/pidgin/articles/c882re2mry3o.amp

greypencils:
In the meantime, this is some goodness gracious, finger-licking-good, WNBA caramel bar.

https://www.facebook.com/reel/1335020958032291/?referral_source=creation_feed_unit

Don't view if you are married.

I've seen better. There's nothing here chief

Melvyn11:
Why is Tiwa looking for marriage at 45. There's no benefit for her except she just dey find that Mrs this tag.

Men still remain the prize.

raumdeuter:
So NK by his own action is delaying the case..

Yep. I think it's intentional to try and get a political solution to the matter instead of a court judgement.

He has requested to replace his lawyer twice and asked Abuja chief judge to reassign his case to another judge twice.

The recent one is arguing for bail based on health ground.

The prosecutors are not serious too though, I'm not even sure they are ready to try the case itself.

BlueRayDick:
Can you imagine? I thought at some point the trial judge granted him bail or so.

The case is so messed up that the average Nigerian has tuned out and no longer interested in it.

Yeah the bail was in 2017 but since he was arrested and brought back to Nigeria in 2021, no judge has granted him bail.

Melvyn11:
I thought he was discharged and acquitted in 2022 by the Appeal court because he was brought into the country illegally so any trial cannot take place or is that wrong?

I'm not sure about this oo. The last time Kanu was in court, they are arguing about bail based on Kanu health conditions, the judge was going to rule on that so the substantial case can start, I don't know if there has been a ruling

BlueRayDick:
Why can't DSS get all of these witnesses, have them testify and close the case against him for 4 good years?

Why do they have to keep him in custody till lunatics like Ekpa started drawing inspiration from his alleged "persecution"?

The more they keep him in custody without a judge sentencing him to prison, the more they make his a Matyr.

The case itself hasn't started, they are still on arguing bail and the likes the last time Kanu was in court.

It's a joke.

BlueRayDick:
DSS has had him in custody for almost 4 years and have not been able to close their treason case against him.

Is that not even a shame on them?

If he has indeed committed treason, they should present their case before the judge and let the judiciary instead of making a cult hero which arsonists and terrorists draw inspiration from his incarceration.

The case hasn't even started sef, both lawyers on both sides wan use injunction wound the case. MNK also has changed lawyers twice and also requested for the judge to be changed twice also citing bias.

The whole case is a whole mess.

raumdeuter:
Nnamdi has not been convicted, so what would he be pardoned for when its still likely he gets released as innocent

True but if the President can pardon a military major personnel who sold guns and other ammunitions to terrorist (The clear definition of treason), what's the point of prosecuting MNK?

I don't blame those calling for his release one bit. The government shot themselves in the foot.

You cannot be pardoning someone convicted for treason and wasting scarce resources to prosecute another man for treason

BlueRayDick:
Here is my theory; aside Farouk Lawan and maybe Maryam Sanda, there are not so much well know PEPs (Politically Exposed Persons) on the pardon list. They didn't envisage people would google and query the inclusion of Kelvin the kidnapper, the Nigerian Army who sold arms to terrorists, the 40 illegal miners and 70 drug offenders on the list.

They had thought people will grumble about Farouk Lawan and maybe Maryam Sanda, then few days after we will move on while the horde of offenders who committed violent crime or drug related crime on the list would've passed under the radar.

I have a very strong belief that majority of those criminals did actually pay for slot to be included in the list (Bar dem Herbert Macaulay, Vatsa, Ogoni nine, etc). Then the AGF, SGF and another office expected to vet the list were either incompetent or complicit to the extent of allowing the list to pass down to the president who signed without reviewing the list himself.

The whole thing reeks of corruption, incompetence, negligence and criminal audacity to push nonsense down the throat of the people knowing fully well that there are people who will off cloth to defend the nonsense.

There was no negligence anywhere in that list, it was sold to the highest bidder.

I actually don't blame those calling for the release of MNK following the release of that pardon list.

A very terrible list that shouldn't have seen the light of day. Truly Nigeria politicians don't care.

I begin to imagine what the judges, the eye witnesses, even police officers that handle those cases will be feeling. Are they even safe from retribution from these violent criminals?

Omo tueh

Segedinho:
You are sounding too defensive or maybe adding some volume of aggression.


I have not in anyway blamed Tinubu on the fintech taxation of 10k..wch is #100 per transaction[sender =50...receiver=50]...


I don't have to know much about the tax b4 I reject it cos the outcome will always be negative to the masses while the elites Cruz on more wealth.


What will you do or say if your well documented formulas happens to be false representation of reality comes 2026.

Maybe u don't understand my stand.....in summary..why more tax when d existing tax yielded no results??

Again you are speaking from a place of ignorance, I'm not even insulting you bros. That's why I keep asking the person I quoted first which new tax was being introduced.

Bros, it's a Tax REFORM law, you really need to sit down and read the tax law for yourself.

The new tax law is not imposing new tax.

What the government will do with the tax or what they are doing with the tax is another argument entirely which is valid on its own.

Tataffo:
Does this mean Nigerians will be at his mercy and this guy can fix price arbiturarily😭😭...so crude for naira,celebrate Dangote refinery all na lamba

Is that not already happening?

I remembered arguing with izzou (can't recall clearly if he's the one) that nnpc must continue to operate in that industry and even if possible import when necessary.

If Dangote get a full hold of that industry lasan, we go feel it. The man is a full blown capitalist.

iamoyindamola:
On the long run I don't think this is the way
If the government really want to help they should review the pension scheme to 5% employees and 20% employers
Some people will work for donkey years only to retire to meet peanuts
Anyway make them they do shebi na wetin they see for paper they will tax people

I actually agree.

I think the pension law will be the next law they'll try to reform after the insurance law but most people argue the pension law does work and shouldn't be tampered with.

izzou:
[color=royalblue]Dangote promised us all 820 naira/Litre fuel, because he was delivering it free. He even added a little bit of NUPENG dragging, as the icing on the cake.

Today, na 920 we dey buy for Lagos....Baba no design flyer to inform us.

It's alright. God is alive[/color]

Dangote don master the art of manipulation with this his refinery.

Even with all the CNG tankers and all, Baba carry us handicap.

Segedinho:
Baba...i don't have any probs with whatever Tinubu and his men dishes out...neither do I have to sit to study whatever policies they pushes forward.

I don't ascribe any politics to anything neither do I belong to herd mentality but history and d person in charge.

There hasn't been any tangible result from the inflow of cash.

I think u deliberately skipped the fintech 10k transfer tax for reasons known to u.

How do you introduce a next tax system when the masses are almost dead......I believe u know that u pay tax in almost everything u do in this country,yet no result whatsoever..

The argument was clear bw u n d other guy...why d turn around

Anyway........na una sabi...anyhow anyhow we go dey alright

Which new 10k fintech transfer tax? No be Emefiele introduced the 50 naira tax on transfer from 10k Nd above abi you think it's a new tax?

Again bros, if you can't analyze a policy, then don't jump into discussion that's about a policy. There's nowhere in my post that I mentioned APC or Tinubu, the screenshot I responded to wasn't even about Tinubu but about the contradiction of Mr Taiwo which till now none of you have been able to point out the contradiction in the tweet.

Please I beg you, stay on discussion that your mental capacity can process seamlessly and stop jumping into discussion you can't hold or sustain with any meaningful contributions.

iamoyindamola:
Fair enough
So what happen to NHF because it's part of allowance relief (voluntary)
Moreover we have statutory relief BHT
Every company expects employees to use housing for rent or accommodation

It is only the CRA that was abolished, ever other relief is still intact including NHF, NHIS, Pension n co.

Segedinho:
Man no dey carry change na ...bros


This is not about the tax being explained...the argument or rather d screenshot d other guy brought was all about baba being against a new tax..warning it will cripple d economy but today there has been a 100% turn around irrespective of what your formula depict..

Mind you...every average biz man that uses fintech banks pays up 200 (about 70k per annum)as transfer tax daily [transfer of more than 10k]

I have not seen any explanation on d proposed formula except from ur end.....anything explanation from an APC chieftain/supporter is taken with a pinch of salt cox they always comes out as false or half truth....history has been consistent.


Back to u...u v been missing for almost 600yrs despite being always available on d other thread...all of a sudden ur re-availability is a gospel song polishing or explanation on why d forthcoming tax is worth applauding.

TemporaryHansel actually was trying to cross Ts

Lol. Bros again I am not surprised one bit this is coming from you. I know you don't understand the tax law and you just blindly support whatever you see your side supporting even if it doesn't make any sense.

I still maintain that there were zero contractions between those Mr Taiwo tweets Nd what he did in the tax laws.

I do come here frequently, I just don't post.

For the record, I studied Accounting in school even though I'm not currently practicing as an Accountant. I know a bit about tax and I can contribute to the discussion.

You are a grown ass man, it's better you skip a discussion you have no idea about than trying to jump into every argument even when you are ignorant about it.

Everything you see is APC/PDP/LP. I'm sorry you can't see beyond that but you and your ilks won't tell me when yo post or what to post about.

Segedinho:
This is why the Larride's eulogy makes no sense..
He knows Nigeria's elite and has refused to embraced history.


It is strange but understandable sha

Maybe you should sit down and read BlueRay post again, it is about implementation which is a different argument entirely.

If your position is that the new tax law cannot or will not be implemented correctly, that's a valid argument to be made

It is different from what you guys were doing before.

iamoyindamola:
How this proposed new paye different from the current one?
Because everything you listed is on the current one, I did an analysis on that sometime


https://www.nairaland.com/8016331/tax-experts-how-much-he#128707904

The two new changes in the PAYE is the abolishment of CRA while introducing rent relief and the first 800k tax free.

Under the new tax law, with 150k as salary, depending on how much the person is paying as rent, his tax responsibilities will be lower going forward.

larride:
Do you mean 200k per month or 200k Per Annum?

Because if it's 200k per Annum, the person is excluded from paying tax.

If it's 200k per month, that's 2.4m per Annum

Under the current law with standard 8% compulsory pension deduction which is not taxable, 8% of 2.4m is 192k

2.4m - 192k = 2,208,000

Under the current law, we have the consolidation relief allowance which is in two parts

1. 200k or 1% of gross income whichever is higher = 1% of 2.4m is 24,000, 200k is higher

2. 20% of gross income minus pension. 20% of 2,208,000 is 441,600

Consolidated relief allowance will be 200,000 + 441,600 = 641,600

Total taxable income will be 2,208,000 - 641,600 = 1,566,400

Now to how the tax will be calculated

First 300,000 at 7% = 21,000
Next 300,000 at 11% = 33,000
Next 500,000 at 15% = 75,000
Remaining 466,400 so
Next 500,000 at 19% = 88,616

Under the current law, the person tax per Annum will be 21,000 + 33,000 + 75,000 + 88,616 = 217,616

If you divide 217,616 by 12, the person tax responsibility monthly will be 18,135.

Now under the new law as proposed by Mr Taiwo

With the same 8% standard pension, we still have the same 2,208,000 gross income minus pension.

The new law abolish the consolidated relief allowance and introduce the rent relief which is 500,000 or 20% of gross income.

Lets say this person work in Lagos and pay a house rent of 500k per Annum, he's eligible to claim 20% of that house rent as rent relief.

So here's the calculation

2.4m - pension = 2,208,000

20% of 500k house rent = 100,000

2,208,000 - 100,000 = 2,108,000

Totally taxable income is 2,108,000

Here is how the tax will be administered under the new law

First 800,000 is tax free

So 800,000 - 2,108,000 = 1,308,000

The new law uses a progressive tax rate

800,000 - 3m at 15%
3m - 12m at 18%
12m - 25m at 21%
25m - 50m at 23%
Above 50m at 25%

Using the above tax rate, 1,308,000 falls under the 15% range, so the person will pay 15% of 1,308,000 = 196,200

Total tax due per Annum will be 196,200 if you divide it by 12, you get 16,350 per month.

Under the old law, the person earning 200k will pay higher tax than under the new law and anyone earning below 800k per Annum is tax free.

Please tell me again, how is Mr Taiwo taxing the poor?

@afrodoc2

Same calculation works for the rest you mentioned.

Though the person earning 100k now under the new law will pay significantly lower taxes.

100k is 1.2m per Annum

Under the new law, the first 800k is not taxable

Leaving 400k, he has a rent relief of 20% of his annual rent or 500k, whichever is lower. Let's say the person is paying a rent of 200k per Annum, the person get a rent relief of 40,000. If the person is paying pension at 8% that's 96,000.

96,000 + 40,000 = 136k deductible

400,000 - 136,000 = 264,000

The person fall into the 15% tax rate = 15% of 264,000 = 39,600

The total tax the person earning 100k per month will be 39,600 per Annum, if you divide it by 12, it turns to 3,300 tax per month

Under the current law using the same calculation as above, the tax responsibility of someone earning 100k is 96,600 per Annum, divide it by 12 and you get 8,050 tax per month

So under the new tax law, the person earning 100k will pay significantly lower tax than he's currently paying.

afrodoc2:
Can you please give the figures of the tax to be paid on monthly salaries of 100k, 200k, 500k under the old and new tax systems?

I already did. I will tag you to it.

Spy360:
A President that listens, but na Raumdeuter, Airmark and Gloriousgbola go dey defend rubbish

Nonsense.

AGF Fagbemi is just trying to save face after the well deserved outcry.

He said nobody has been released but we saw Maryam Sanda with her in law doing press conference abi no be she?

Them dey call you drug baron, you became President and your pardon list is filled with convicted drug runners and the likes coupled with stone cold killers and kidnappers.

Terrible decision and personal optics

Tueh

afrodoc:
But it looks like this new tax law is better than the old one now?

Abi na me no read am well?

They have not read a single page of the tax law, they are just parroting the same thing they see their influencers parrot online.

There are even plenty things to use to beat Tinubu led administration especially the nonsensical pardon that was granted days ago but they are dwelling on a tax law that reforms our tax regime, streamlines previous taxes, remove double taxation, even zero rated VAT on basic food items, medical and pharmaceutical products, educational books and materials, electricity, medical services and tuition fees. The VAT on all these are 0%.

There's a reason I kept asking them which part of the new tax law they disagreed with or bad or anti people.

Segedinho:
The matter weak me like over-riped dodo.


Have never seen anyone, anywhere supporting the forthcoming already "looted in advance tax" until today.


It is well.na to just fold hand dey watch....

If Mr A ,B and C no chop sansa ..me self no go chop sansa

Still the same Sege I see. Not surprised a bit.

If I ask if you have read the tax law now, I know what the answer will be.

TemporaryHansel:
Someone ran away from here since, for him to crawl out of his shell now means he has been activated by APC once more, congrats to him on his latest cash out.

Are you scared to quote me?

I asked you a simple question, it's been 4 hours and yet not a single response, is it because you haven't read the tax law or there's nothing you disagree with?

TemporaryHansel:
People don dey defend this new tax law.. I just hope nobody defending it now will come here to complain next year when the tax law hits.

I've noticed most of the sycophants defending the tax law are mostly people that know they're not taxable, that's why they're so overjoyed about the prospect of paying more taxes. We'll see sha.

Outline the part of the new tax law that you are not comfortable with.

I'm sure you've read the tax law, what part did you disagree with or which part is bad, let's hear it.

A40:
Wth is this Jadon Sancho bants. 😂

Why don't these black athletes have mentors that give them some game on how to avoid these heauxs.

Some PR is just useless PR that they should be taught bright and early to avoid at all costs by not dealing with certain demographics

Thuram pikin that's how they almost implicated him as well

Make him sef go pay them jare.

Ellexy:
Shey na you go tell me the point I was making from my post? Point again remains, the person who was against Tax laws against poor citizens then is now in charge of tax laws against the same citizens who are even poorer now. If you can't see the point, I can't help it.

You are still not pointing out the tax that Mr Taiwo introduced that is against the poor.

Its a simple stuff, name the tax laws that Mr Taiwo has introduced against the poor which makes his early stance hypocritical.

The same way you post his past screenshot, list the new tax laws that he has introduced.

akwesenana:
Everyone (almost) is poor. Person wey dey live on 200k pa is poor, and go still pay tax.

Do you mean 200k per month or 200k Per Annum?

Because if it's 200k per Annum, the person is excluded from paying tax.

If it's 200k per month, that's 2.4m per Annum

Under the current law with standard 8% compulsory pension deduction which is not taxable, 8% of 2.4m is 192k

2.4m - 192k = 2,208,000

Under the current law, we have the consolidation relief allowance which is in two parts

1. 200k or 1% of gross income whichever is higher = 1% of 2.4m is 24,000, 200k is higher

2. 20% of gross income minus pension. 20% of 2,208,000 is 441,600

Consolidated relief allowance will be 200,000 + 441,600 = 641,600

Total taxable income will be 2,208,000 - 641,600 = 1,566,400

Now to how the tax will be calculated

First 300,000 at 7% = 21,000
Next 300,000 at 11% = 33,000
Next 500,000 at 15% = 75,000
Remaining 466,400 so
Next 500,000 at 19% = 88,616

Under the current law, the person tax per Annum will be 21,000 + 33,000 + 75,000 + 88,616 = 217,616

If you divide 217,616 by 12, the person tax responsibility monthly will be 18,135.

Now under the new law as proposed by Mr Taiwo

With the same 8% standard pension, we still have the same 2,208,000 gross income minus pension.

The new law abolish the consolidated relief allowance and introduce the rent relief which is 500,000 or 20% of gross income.

Lets say this person work in Lagos and pay a house rent of 500k per Annum, he's eligible to claim 20% of that house rent as rent relief.

So here's the calculation

2.4m - pension = 2,208,000

20% of 500k house rent = 100,000

2,208,000 - 100,000 = 2,108,000

Totally taxable income is 2,108,000

Here is how the tax will be administered under the new law

First 800,000 is tax free

So 800,000 - 2,108,000 = 1,308,000

The new law uses a progressive tax rate

800,000 - 3m at 15%
3m - 12m at 18%
12m - 25m at 21%
25m - 50m at 23%
Above 50m at 25%

Using the above tax rate, 1,308,000 falls under the 15% range, so the person will pay 15% of 1,308,000 = 196,200

Total tax due per Annum will be 196,200 if you divide it by 12, you get 16,350 per month.

Under the old law, the person earning 200k will pay higher tax than under the new law and anyone earning below 800k per Annum is tax free.

Please tell me again, how is Mr Taiwo taxing the poor?