₦airaland Forum

obailala:
You think the man the man you accuse is such a dumbo not to know these things? He rightly told you in that interview yesterday that he followed all these laws to the letter, so why exactly is this atill an issue?... he mentioned in that interview that he resigned from the board of over 10 companies the very day he was announced governor, so why exactly are you still calling for his neck? Irrational hatred (or probably partisan or tribally infuenced)??

He resigned from the board of over 10companies he said, then why did it take him 14 months after he became Governor to resign the directorship of Next International UK? Is that compliance?

Was he ignorant of the law or he was just wilfully cheating the system.

Hatred? Did he break the law or not? You know my “hatred” led him to break the law

emmykk:
Since you don't have any knowledge of Accounting the padorax leak on Peter Obi and any news about it should not have interest you because you are a novice to what is been discussed.
You should shut up,humble and appreciate what is been discuss instead of making fool of yourself in public forum

Padorax? Confess, you're a dropout or something

obailala:
How is it illegal? Please provide the specific law that says so?

If your claim was that it doesn't portray sufficient level of patriotism (even though that's a watery argument just to disguise the disdain towards the individual),, that would have been a better argument even. Please explain what's illegal about it.

1. it is illegal to hold a position as directorship of any company and maintain an elective, ministerial and government post - Section 6 CCB Act
2. It is not only illegal but criminal to employ secrecy to hide offshore holdings. Aside from failing to declare, you are evading taxes doing so which is clearly different from permissible tax avoidance
3. When you operate foreign accounts, simply declare and deactivate those accounts while you hold public office or get a trust to operate it and have nothing to do with it till you're out of government. The law (both the consititution and public service code of conduct) clearly states you cannot operate a foreign account

emmykk:
Sense is not common...I don't expect you to understand my disorganized incoherent submission here. It will take you many years to understand it because first must have to study Accounting and then understand Nigeria political space.
You are not supposed to understand it.

You make a terrible representation of Accounting as a choice of study.... With your type, studying Accounting (assuming you're the average graduate) is unadvisable if this is the quality Accounting breeds

obailala:
Why should I pay more taxes when I have the free choice to pay less?

This isnt even about Nigeria; all over the world, businessmen will always seek for ways to lessen their tax burden... and there's absolutely nothing wrong with that.

I have no problem with paying less when you have the option, what I have problem with is exploiting the law illegally. When you hide in tax-havens, just make sure you are in no breach of the Nigerian laws.

emmykk:
Pandora pandora tax wahala. As Accounting graduate tax is not something business and individuals are happy to pay.
There are legit ways of bypassing them let alone if they can be avoided totally.

Taxation in Nigeria give tax wavier to individuals and companies if the donate to certain organizations and claim some condition approved by law to beat down tax.

What l want to hear is Peter Obi loot govt money like Abacha or Ibori and the money is about to be send home .
All these pandora blablabblab that he has offshore account or do this and that is rubbish
It will not prevent him from any political position.
If those in kano caught on video pocketing bribe is still a governor is it someone private business strategy that should border us.

Accounting Graduate? How do we make sense of this disorganized and incoherent submission?

BanevsJoker:
[b]So if I own a business in Ghana, should I pay the taxes to Ghana or Nigeria? [/b]This una agenda no gree agend no matter how hard you try.
The businesses are abroad, so paying taxes there and also in Nigeria is dumb as it amounts to double taxation.

Most international tax laws requires you to do so

Noshitboi:
But to be frank, what happens to the VAT and other taxes collected by government. Where do the money go? What do they use it for? See ehn, in this Nigeria if I have my way I will very much love tp evade tax. Imagine our taxes being used to pay bandit's ransom up north. It makes no sense!!

The responsibility of government in the use of taxes does not preclude citizens from fulfilling their requirement of the law. You cannot break the law simply because you see government breaking the law. In such instances you loose the most

SmartPolician:
Go and watch that video....his answers covered all these points you raised.

PS: I am not here to defend anyone....I am only sharing what he said and my personal observation. Enjoy the rest of your day!

Obviously, you're defending Peter Obi...

and why should I go and watch the video when he's yet to provide answers that addresses 3 clear infraction of the Laws. I have read his defense on newspapers and they are watery at best

fastseo:
Some store money away there to avoid unnecessary freezing of their account by Government.

You think am, Nigeria is not safe, most big men knows this, incase of war or any a government that don't respect rule of law freeze their account they could quickly get out and still remain afloat

I believe the OP's question is not about the choice of where people store their money, rather it is about paying the rightful taxes on monies made even before you make your choice on where to store the money.

WhatCanIsay:
I'm yet to see anyone no matter how sanctimonious they are being happy paying taxes in Nigeria.

You and I will always find ways to limit the amount we pay in taxes. Even Premium Newspaper are in the same boat with us, even the journalist that penned this opinion. We all seeking for means to minimise what we pay, especially with the shittiness of the present regime where the price of everything have more than doubled.

So who is this sanctimonious prik

Speak for yourself. You just made submissions not backed up with confirmatory data. It seem the question is way above your understanding

Angeldemon:
Most Nigerians dont like paying tax because the governments havent been using it for what its meant for. Instead they embezle it.
So paying tax in Nigeria is like just dashing your money to a random man on the street for no reason

Cutting your nose to spite your face

SmartPolician:
KingOfAmebo



As for Peter Obi, he has already explained his in that video posted here yesterday.

According to him, when the company that operates an offshore account was floated, he lived in London. You cannot be based in London and be paying taxes to Nigeria.

He added that the company was operated that way based on the professional advice of a consulting firm (he gave its name), noting that it was never unlawful to do it. He also said that the company wasn't used to launder money before, during and after his term as governor.

To date, I will continue to hold Peter Obi and Donald Duke in high esteem because they are the only two former governors who are active in politics and weren't invited by the EFCC for money laundering scandals after spending 8 years in office. That's commendable!

Peter Obi is simply deflecting from the infractions he's accused of. Premium Times had stated that Peter Obi is giving explanations for thing he was not accused of. For emphasis, Peter Obi had refused to answer questions as per
1. Peter Obi continued to hold his position as a director of his UK company, NEXT International (UK) Limited, 14 months after becoming the governor of Anambra State in contravention of Section Six of the Code of Conduct Bureau and Tribunal Act.
2. Peter Obi set up complicated layers of secrecy to hide his offshore holdings, which he admitted to failing to declare to the Code of Conduct Bureau......breaching Section 11, Part of the Fifth Schedule of the 1999 Constitution.
3. Peter Obi as a governor was also operating a foreign account in breach of the constitution and the public service code of conduct rules.

3 Laws Peter Obi broke here. The accusation is not his decision to hide his investment in tax havens, it is his failure to declare these investments in his declaration form when he became Governor.

Validated:
Op, I earn my income in country my business situates and pay taxes there. If I earn income in Nigeria, I pay taxes to FIRS. If my investment in UK makes profit, why should I pay double, one to UK and another to Nigeria? You are not learned enough forthe topic you embarked on

What an ignorant submission!!! You make submission outside the context of the OP's submission. Even at that, tax laws require you to pay part taxes to home countries. Even expatriates (Americans, Europeans for example) that earn income in Nigeria remit taxes from these income to their home countries.

KingOfAmebo:
The question is, Since taxes are ment to cater for the development of a country as obtainable in developed nations, Why would our so called businessmen, politcians and clergymen chose to pay taxes "secretly" to economies of other countries while leaving the country they claim to love impoverished?

https://www.premiumtimesng.com/news/headlines/487959-pandora-papers-global-investigation-exposes-secrets-of-some-of-nigerias-rich-and-powerful.html

You have asked the same question to my mind. It is ethically immoral and irresponsible to hide in supposed tax havens. These people are robbing the country. You enjoy benefits of the land, you make money from the land, you charge people of the land yet you hide your proceeds. You run afoul of the law in most cases...

Even Jesus said pay unto Ceaser what is Ceaser's...

ezenwajosh:
You mean the bridge they told us that is 99% completion?

...and who told you "that is 99% completion"?

Sheriman:
Femi Fani Kayode will be happy now at his Abuja residence watching President Bubu signing and passing the 2022 budget to the house at least E go get small change out of the looted budget.

Bros,

E be like say you suppose go back to school. How can you loot a budget? Google the meaning of "Budget"

adioolayi:
Nigeria's budget and budget structures....Always good on Paper, although figures not enough...but Zero implementation and impact are always the problem.

From this budget, for example, health sector.....all appears to be captured, including harzard allowance for health works....Somehow, we will still see Drs going on strike because of hazard allowance , money will not be released..There is no money is what they say.

Bros cool down....

1. Budget is a statement of intent... it is not physical money
2. There is no Zero implementation anywhere. Govts (Fed. & States) get budget performance stats released by agencies like NBS, BugdIT etc
3. You will still have to meet a substantial revenue targets before monies promised in the budget can be released. When these critical needs cannot wait for revenues to be met and they need to be addressed immediately, then such deficits are funded with loans, bonds etc...

Now I believe the conversation more beneficial for us is indicated in your second paragraph. We need to access the adequacy of this budget to meet present needs. Is ~N10tr enough for the critical sector and growth needs. While I am happy that Health, Education and Defense have been allocated significant portion, I would have loved the 3 + Infrastructure to take about 50% of the budget. On health we need to ramp up in facilities, increase in training and churn of health professionals, increase in pay (A doctor must earn equivalent to a bank (Zenith, GTBank, Access etc.) manager). PHC's must continue to grow like Redeem churches. Health Insurance Schemes must be revamped and accelerated.

On Infrastructure - Roads and Trains are priority. Lagos -Calabar Coastal Rail must start.

On education - I believe we should continue on little steps. Teachers wages should be baselined to banks and telcos mid-level. Teachers should go through a highly competitive certification program like US & Europe, such that those with certification should earn salaries competitive with other sectors. States UBEC funding should be deducted at source, no questions asked....

danot1030:
Bode George is always disgruntled, he's yet to accuse Tinubu for PDP decision on throwing the presidential ticket open.

RenaissanceGuy:
Using his personal money or money from the state coffers for such humongous luxury?

Even if he volunteer to use his personal money, it still sounds daft...

SarkinYarki:
This is very silly ..the Oni already flies private and doesn't need to have state sponsored jet to do so...

Unfortunately, it shows the low-level reasoning capability of Adeleke....

Sammy07:




Lol, osun airport wey aregbe chop and clean?

Must every state have airport?
Osogbo to Akure is not up to an hour.
Osogbo to Ibadan isn't up to an hour.
Even Osogbo to Ilorin is less than 2hrs

Osun has good electricity, light wey dem no dey take in 5days. (I always pray we get that kind light in Ondo).

5 or 6 power substations dey Osun.

Osun needs to move from civil servant state to manufacturing state, with the better light dem dey enjoy

Oga o, all our leaders sha, wish something should just shoot dem, once they don't get things right.

Bros,

1. Na formula 1 you dey take drive Osogbo to Akure under 1hr?
2. @Civil Servants' State... That stupi.d mentality was what Aregbe fought to change, hence his drift towards Road Infrastructure, Schools, Tech and Agric. I find it ridiculous that some of our people in Osun continues to see themselves as Civil-Servants' state
3. If PDP likes let them present this non-starter. It is their cup of tea. People like Dr. Ogunbiyi (who I wonder what he's doing in PDP in the first place) will simply port.

humility33:
Bro.. ganduje ws caught on a live video takinh bribe Obi own is allegations of having undisclosed assets which he said he didn't break the law

Both are different nah

One, Mr Obi continued to hold his position as a director of his UK company, NEXT International (UK) Limited, 14 months after becoming the governor of Anambra State in contravention of Section Six of the Code of Conduct Bureau and Tribunal Act.

Two, Mr Obi set up complicated layers of secrecy to hide his offshore holdings, which he admitted to failing to declare to the Code of Conduct Bureau, apparently hoping the public and the authorities would never get to know, thereby breaching Section 11, Part of the Fifth Schedule of the 1999 Constitution.

Three, Mr Obi as a governor was also operating a foreign account in breach of the constitution and the public service code of conduct rules.

Corruption is Corruption. Sin is Sin.... Let's not try to mask it

Ericnrm:
Modified
Also let me quickly point out that TAX AVOIDANCE is not a crime anywhere in the world. It might be unethical but it’s definitely not illegal and literally any entrepreneur or businessman operating on that kind of scale will usually find a loophole around paying exorbitant taxes and reduce that.

Well, if you read the report very well, he's not being accused of tax avoidance

lonelydora:
Let's cut Peter Obi some slack, please.

He did marvelously well in his days as governor going by Nigerian standard.

Classic double standard!!!...you want a slack for Peter Obi who broke the law, because he did marvelously well.... yet you will not spare a Ganduje who is doing marvelously well...

Fashdeejay:
I would like to ask you one question that's been on my mind for a few!! I am not a supporter of anyone except good governance... And so far so good we've not had that not in Jona's era and definitely not in Bubu's era either.... So here is my question.... There is so much going on in the North, banditry, kidnapping and terrorism!! Why is the military exercise only in the south

You mean there is no Military Exercise in the North? What a warped view!

Curious345:
Not trying to act sentimental.

But the moment Buhari and his band of Islamic extremists and fulani fuedal Lords exacted that violent putch to jihadically take over the supreme courts of Nigeria and turn it into a shariah roundtable :that was the moment I siezed to see Nigeria judiciary as anything good.

Infact the world is asking if the chrsitains in Nigeria have been jinxed or are under a zombie like spell..


The current supreme Court is a court that sat over an imo state matter and gave the 4th in line power to rule.


We will later find out that it was Late abba Kyari who made it happen.

You're not sounding sentimental, you're sounding daft.

Seeksnigeria:
But the truth is we are quick to report the wrong and foul doings of the IPOBs. We don't mention that the Federal Government (infact Buhari in person) does not have interest in anything SouthEast. The roads are bad, poor infrastructures here and there, brutality and extortion from Police and the Nigerian Army, every major development coming for the country is diverted first to the North then to the West. The SE is really wallowing in rejection and nobody is saying anything about it. Saraki is right when he said "we were never one country".
Btw, don't forget to always visit for your daily dosage of Campus Gossips!

You expect Buhari to fix your infrastructures when you have Governors?

wink2015:
If President Muhammadu Buhari is serious about fighting corruption in Nigeria.

Then he must start with the likes of Alhaji Bagudu.

Bagudu is covered with immunity because of his status as a governor but when he leaves public office he can be brought to book by the government of the day.

He must start with Peter Obi first.... Bagudu's own will come after his immunity is over

GenAbacha:
What did Obi steal?

He simply avoided tax. Nowhere was it mentioned in the article that he looted any money.

He avoided tax? Yeah! defend your thief

This is one of the reasons why we don't make headway in our clamour to rid the country of corruption. Obi set up business while he was still a governor and did not declare his assets in those offshore haven contrary to stated laws in the constitution. His claim of ignorance is even more insulting... he got advisory and lawyers services to set up those business and he was oblivious that he was breaking the law? In China which Obi always refers to, he would have been jailed

adajoe555:
Every church have it's doctrines and rules, If such wasn't welcomed in the church he would have just removed it

He just want to sound woke and trend too.

...and he demonstrated his emptiness with it.

Omo Alaileko... stup.id boy