News
Crypto Tax Revolution: Why FIRS Boss Zacch Adedeji Deserves Commendations – CSOs
Joel Ajayi
About 1000 Coalition of Civil Society Organisations (CSOs) has commended Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), for his pioneering efforts in revolutionizing Nigeria’s tax system to accommodate cryptocurrencies.
In a press conference addressed in Abuja on Monday and signed by Mallam Yakubu Mohammed, National Coordinator, and Barr Godspower Ebi, National Secretary, the CSOs praised Dr. Adedeji’s visionary leadership in addressing the challenges posed by digital currencies.
“Dr. Adedeji’s commitment to modernizing Nigeria’s tax system is a bold step towards embracing the digital economy,” the statement read. “His efforts will not only boost confidence in the cryptocurrency market but also protect consumers, reduce tax evasion, and attract international investment.”
The CSOs noted that Nigeria’s current regulations, such as the Stamp Duty Act of 1939, are outdated and inadequate for addressing the complexities of digital currencies. They applauded Dr. Adedeji’s plans to establish clear guidelines for digital assets, simplify tax reporting, and leverage technology to ease compliance.
“Dr. Adedeji’s approach aligns with global best practices, and his leadership ensures that Nigeria’s tax policies adapt to the evolving digital financial economy,” the statement added.
The CSOs urged stakeholders to support Dr. Adedeji’s initiatives, saying, “This move will create a more transparent, secure, and thriving financial system for Nigeria.”
With Nigeria’s growing engagement in digital currency trading, the CSOs recognized the need for a regulatory framework that effectively manages the evolving financial world.
“Dr. Adedeji’s crypto tax revolution is a game-changer for Nigeria. We commend his dedication to making Nigeria’s tax system fit for the digital age.”
Law & Crime
Court sentences killers of Ogun couple, son, to death by hanging
The Ogun State High Court in Abeokuta on Monday sentenced three persons to death for killing a couple, Kehinde and Bukola Fatinoye and their son, Oreoluwa, on 1 January 2023.
Trial judge Basirat Adebowale sentenced the trio – Lekan Adekanbi, was the family’s driver, Odetola Ahmed and Adeniyi Waheed – in a judgement which lasted for more than three hours, DailyPost reports.
The News Agency of Nigeria (NAN) reports that the defendants were charged with 24 counts of armed robbery, armed robbery, conspiracy to murder, murder, arson, escape from lawful custody, perverting the course of justice and receiving stolen property, among others.
Gruesome murder
The assailants reportedly trailed Mr Fatinoye, a former employee of the Central Bank of Nigeria (CBN), and his wife, Bukola, alongside their son, Oreoluwa, as they were returning home from the 2022/2023 crossover service at the Christ Anglican Church Iporo-Ake, Abeokuta.
The couple who lived at Oba Karunwi Road, a street behind former Governor Ibikunle Amosun’s residence, in Ibara GRA, Abeokuta, at about 1:30 a.m. were robbed, gruesomely murdered and their house set ablaze.
The assailants reportedly tied their son, Oreoluwa, and adopted son, Felix, with ropes and threw them into a river along Adigbe-Obada Road.
Penalties
Delivering judgement on Monday, the judge held that the prosecution proved its cases against the three defendants beyond reasonable doubt.
She found the three principal defendants guilty of murder.
The judge held that the convicts did not deserve mercy, as their lawyers had requested, because of the way they killed the couple and their son.
She convicted them of counts one to nine, handing them death by hanging or lethal injection, life imprisonment with hard labour, 14 years imprisonment among others for the various offences.
“The sentence of this court on Adekambi Lekan in respect of count II is that you be hanged by neck until you’re dead or by lethal injection.
“May God have mercy on your soul,” the court held.
The judge also convicted Ms Fadairo, the wife of Mr Adekanbi, to two years imprisonment for perverting the course of justice by hiding her husband.
Meanwhile, Mr Adekanbi’s mother, Adenike, was also sentenced to one year imprisonment for making false statements to police officers.
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