News
Nigeria in Diaspora group says FIRS Boss Zacch Adedeji Crypto tax reforms a game changer
The Nigeria Professionals in Diaspora group has praised Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), for his innovative crypto tax reforms, describing them as a game changer for Nigeria’s economy.
In a statement delivered during a press conference in Abuja and signed by Dr. Obiora Okereke, President, and Chief Mrs. Bukola Shonekan, Home Secretary, the group commended Dr. Adedeji’s efforts to modernize Nigeria’s tax system and effectively incorporate cryptocurrencies.
“Dr. Adedeji’s crypto tax reforms are a bold step towards embracing the digital economy,” the statement read. “His leadership ensures Nigeria’s tax policies adapt to the evolving financial landscape, aligning with global standards.”
The group noted that the current regulations, such as the Stamp Duty Act of 1939, are outdated and inadequate for addressing the complexities of digital currencies.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 will boost confidence in the cryptocurrency market, protect consumers, and attract international investment,” the statement added. “His commitment to modernizing Nigeria’s tax system is a game changer for the country’s economic growth.”
The Nigeria Professionals in Diaspora group 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 group recognized the need for a regulatory framework that effectively manages the evolving financial world.
“Dr. Adedeji’s crypto tax reforms are a step in the right direction,” the statement concluded. “We commend his vision and leadership in positioning Nigeria for economic success in the digital age.”
The statement added that “Dr Zacch Adedeji’s changes to Nigeria’s tax system, especially regarding this new update on cryptocurrency, bring with it benefits for Nigerians. By setting clear rules for digital assets, these reforms make it easier for people and businesses to understand and meet their tax responsibilities. This clarity helps boost confidence in the cryptocurrency market and encourages more people to get involved.”
It noted that as the digital economy evolves, keeping tax regulations up to date with technological advancements is important.
Health
Ultimate Health HMO appoints 2 directors
Ultimate Health Services (UHS), a Health Maintenance Organisation (HMO), has announced the appointment of Tosin Adefeko and Bolajoko Abiola-Odunowo as directors to its board to strengthen capacity and functionality.
The Managing Director/Chief Executive Officer of UHS, Mr Lekan Ewenla, made this known in a statement on Tuesday in Abuja.
Ewenla said that the appointments, made by the HMO’s Board of Directors and shareholders, were in line with global corporate governance and best practices.
He said that it was also a reflection of the organisation’s ongoing commitment to enhancing diversity and empowering women in leadership positions within the organised private sector.
“The appointments of Adefeko and Abiola-Odunowo are in-line with the organisation’s commitment to promoting gender inclusivity.
“It is also in accordance with the global agenda for gender inclusiveness in the corporate world and political appointments,” he said.
Ewenla added that the appointments were intentionally done to enhance the organisation’s growth focusing on private and informal sectors, various groups and associations in the country.
He said that enrolment into the health insurance programme is now mandatory for all Nigerians and legal residents.
Ewenla described Adefeko as a corporate executive and entrepreneur with over 25 years of experience.
“She has successfully led businesses and delivered impressive results in the financial services, print and broadcast media, marketing and communication industries.
“Adefeko is passionate about gender inclusion, equity, and female empowerment.
“She is an active member of Women in Managing Business; has served in several committees and chaired the communications committee for the annual conferences for three years,” he said.
The managing director equally described Abiola-Odunowo as a distinguished business executive with a multi-faceted career spanning over three decades in finance, law, and logistics.
He said that she would bring a unique combination of financial and legal expertise, and strategic business development into the board of Ultimate Health HMO.
“Abiola-Odunowo has vast experience in treasury management and financial analysis, with a strong understanding of financial operations and risk management.
“She has expertise in oil and gas, real estate, and environmental law, with a special focus on regulatory compliance and legal frameworks within complex industries,” Ewenla added.
NAN
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