HomeNEWSWatch SignatureTV News Update: Police retirees protest in Niger, seek removal from Pencom scheme

Watch SignatureTV News Update: Police retirees protest in Niger, seek removal from Pencom scheme

Expert says constitution amendment should include VAT in the residual list rather than exclusive list

The Executive Chairman of the Society for Analytical economics of Nigeria, Prof. Goodwin Owoh says constitution amendment should include VAT in the residual list rather than the exclusive list.

He stated this on Signature Show on  Sunday,  while reacting to the letter written by the Federal Inland Revenue Service to the Deputy Speaker of the House of Representatives, requesting to include VAT collection in the federal exclusive list.

Prof. Owoh stated   that Value -Added- Tax came out  of sales tax and that during the regime of sales tax, it was  collected and used by the states

He maintained that the Federal Government should be removed from  Value-Added Tax as the activities and social effect of consumption of goods and services are suffered by states, adding that it  would encourage competition among them and as such attract  foreign investments.

 

Police retirees protest in Niger, seek removal from Pencom scheme

The Niger State chapter of the Association of Retired Police Officers of Nigeria has protested what they described as dehumanizing treatment of their members by PenCom.

This is as they demanded the removal of the police force from the Contributory Pension Scheme of PenCom.

The retirees were seen carrying placards with inscriptions such as ‘Police Pensioners Reduced to Beggers’, ‘After Serving the Nation for 35years Why Paying Ourselves from What we Contributed’, and ‘We Need Total Exemption of Police from Contributory Pension Scheme’ among others.

The retirees protested from the officers mess area to the state Police command headquarters to deliver their letter of protest to the Commissioner of Police for onward delivery to the Inspector General of Police.

The leader of the protest, Madu Dambuwa, while delivering their letter said a lot of them have died, scores injured, their children out of school after serving the nation for 35 years.

They added that Pencom is declaring surplus while retirees under CPS are dying, adding that “Pencom publication recently shows that pension fund has risen to N12. 8 trillion. This is a clear evidence that the exit of the Police cannot cripple Pencom claims.”

Addressing the protesters, DCP Shehu Abdullahi, said their message would be delivered.

He also informed them that a bill is before the Senate concerning their plight.

 

Bayelsa Lawmaker Urges FG To Implement NDDC Forensic Audit Report

The member representing Ekeremor Constituency II in Bayelsa State House of Assembly, Hon. Wilson Ayakpo Dauyegha, has urged the federal government to implement the Niger Delta Development Commission (NDDC) forensic report in order to attract more development to the Niger Delta region.

Wilson, who was reacting to the NDDC audit report submitted to the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, observed that several issues raised in the report were fundamental and have mitigated development in the region.

The lawmaker said although the exercise had a history, it was not done to witch-hunt anyone but to ensure that the huge funds committed to the development of the region yearly were justified.

He urged the Ijaw National Congress (INC), Ijaw Youth Council (IYC) and other pressure groups in the region to step up advocacy for the development of the region.

 

IN BUSINESS

NNPC Earns N2.336trn From Sale Of Imported PMS

The Nigerian National Petroleum Corporation (NNPC) has said its subsidiary, the Petroleum Products Marketing Company (PPMC), earned N2.336 trillion from sale of imported Premium Motor Spirit (PMS)  in one year.

This is contained in the 70th NNPC Monthly Financial and Operations Report (MFOR), May 2020 to May 2021.

NNPC’s Group General Manager, Group Public Affairs Division, Garba Deen Muhammad made this known in a statement released on Monday, September 20, 2021.

According to the statement, the total volume of Two Point Two -Four-One Billion liters of white products sold and distributed by Petroleum Products Marketing Company in May 2021 compared with One Point Six-Seven -Three Billion liters in April 2021.

It noted that the NNPC recorded a total crude oil and gas export sales Of Two Hundred And Nineteen Point Seven -Five Million in May 2021, representing One Hundred And Eighty Point Two-Nine  percent increase on sales from the previous month.

According to the statement, crude oil exports contributed One Hundred And Eighty-One Point One -Seven Million Dollars (82.45 percent) of the dollar transactions compared to Four Point Two-Two Million Dollars contribution in the previous month, while the export gas sales component stood at Thirty -Eight Point Five -Six Million Dollars in May, this year.

 

 

ON THE FOREIGN SCENE

 

UK police plead for help over Nigerian boy’s torso found in Thames in 2001

Police in London appealed on Tuesday to anyone with information about the murder of a Nigerian boy whose torso was found in the River Thames 20 years ago to come forward to help them solve the case, which they believe may have been a ritualistic killing.

The boy was aged five or six when his body, which had had the head and limbs severed, was found floating near Tower Bridge. Police believe he was trafficked from Nigeria to Britain, possibly via Germany.

The boy’s identity remains a mystery. Police have named him “Adam” and say forensic tests show he was from Nigeria.

Kate Kieran, a homicide detective at the Metropolitan Police said it is incredibly sad and frustrating that Adam’s murder remains unsolved

She said people who knew something about the killing may not have wanted to speak up at the time and may have felt loyal to the killer or killers, but allegiances and relationships may have changed, imploring them to be bold and come forward if they have information on the killing so that  justice could be served .

British detectives have made inquiries in Britain, South Africa, Holland, Germany and Nigeria.

 

 

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