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IFA Backs FIRS’ Rejection Of OECD Digital Economy Tax Agreement
The International Fiscal Association (IFA) has thrown its weight behind Nigeria for refusing to endorse the Organization for Economic Cooperation and Development (OECD) G20 inclusive Framework two-pillar solution to the taxation of the digital economy, saying it will be an infringement on Nigeria’s sovereignty.
The Federal Inland Revenue Service (FIRS) had last month said Nigeria’s cautious approach to the agreement was in the best interest of the country, and to ensure that Nigeria does not lose out on potential revenue from the digital economy.
Chair of the IFA Africa Region and IFA Nigeria, Dapo Oladimeji noted that the OECD proposal is of no benefit to Nigeria “and FIRS is absolutely right to turn it down. This would be an infringement on our sovereignty.”
IFA is the world’s premier professional organisation for international tax specialists which works closely with UN & OECD. International tax is about income from multi-nationals, the main source of taxation from business and a very important source of government revenue in Western countries.
Oladimeji alleged that the United Stated and European delegates had left the Nigerian delegate in the dark in coming up with the final OECD proposal.
When FIRS examined the proposal in detail they discovered that the promised $150 billion was fairy gold and none would be coming to Nigeria.
“In addition to Nigeria receiving nothing, the Europeans had proposed clauses that would prevent Nigeria from taxing smaller digital companies coming from Europe.” He furthered that beyond foreign direct investments, the tax policy of the country should be focused on job creation.
“In the real world, the most important issue is Jobs not foreign investment. Foreign direct investment is only truly valuable if it brings jobs and if we can have jobs without foreign direct investment even better at this stage of Nigeria’s development.
“Our tax policy should be focused on bringing jobs to Nigeria. If we have the jobs and the multiplier effect, FIRS will have all the tax it dreamt of. This is the way of the future.”
The executive chairman of the FIRS, Muhammad Nami, had in a statement explained that the OECD agreement is unfair to Nigeria and developing countries in general. He stated that the country having reviewed the conditions of the agreement had concerns over the impact that the signing of the agreement would have on the country’s tax system and tax revenue generation.
Nami had noted that the clause which states that for Nigeria to tax multinational enterprise to under the rule, the entity must have generated at least €1 million turnover from Nigeria within a year would be unfair to domestic companies which with a minimum of above N25 million, about €57,000, turnover are subject to companies income tax.
He added that this rule will take-off so many multinational enterprises from the scope of those that are currently paying taxes to Nigeria, as thus, “even the MNEs that are currently paying taxes in Nigeria would cease to pay taxes to us because of this rule.”
Asids this, the FIRS chair noted that on the issue of dispute resolutions under the Two-Pillar Solution, the rules were such that in the event of a dispute between Nigeria and a Multinational Enterprise, Nigeria would be subject to an international arbitration panel as against Nigeria’s own justice system.
On the issue of Nigeria loosing significant revenue if it fails to sign into the OECD Inclusive Framework rules for the taxation of the digital economy, the FIRS execute chairman noted that this was not a problem as the country had already put forward four ongoing solutions to the challenge of taxation of the digital economy.
News
American Accuses Reno Omokri of Deception, Calls Him “Pathological Liar” as Omokri Dismisses Christian Genocide Claims

A former Texas Mayor, Mike Arnold, has accused former Nigerian presidential aide Reno Omokri of deception and manipulation, describing him as a “pathological liar” who thrives on calculated deceit.
In a viral post on X (formerly Twitter), Arnold said he had witnessed Omokri’s alleged dishonesty firsthand during personal and professional encounters both in the United States and Nigeria.
“The truth about Reno Omokri is sad. I’ve seen it up close. Reno doesn’t lie like most liars. He lies calm, cool, constant. Up close, he’s reptilian. Chilling. Soulless. Yet so charming,” Arnold wrote.
Arnold, who claimed to have hosted Omokri in Texas and attended his birthday safari in Kenya, accused the former presidential aide of falsifying events, exaggerating connections, and fabricating ownership of luxury assets.
He recounted an incident where Omokri allegedly showcased luxury cars online, falsely claiming ownership of two vehicles belonging to Arnold’s friend.
Arnold also alleged that during a fact-finding mission to Nigeria on Christian persecution, Omokri promised high-level meetings with President Bola Tinubu, NSA Nuhu Ribadu, and the Sultan of Sokoto, none of which materialized.
“Looking back, those promises were props for his narrative for clout and manipulation,” he wrote.
Arnold further accused Omokri of misrepresenting him on Nigerian television, falsely introducing him as the current mayor of Blanco, Texas, and a close associate of U.S. Senator Ted Cruz.
“On live TV, he called me a Republican mayor—we don’t even have partisan municipal elections. He also said I’m a personal friend of Ted Cruz. False,” Arnold stated.
Quoting Psalm 101:7, Arnold said Omokri’s actions were “soulless” and “evil,” adding that “lying to cover up the Christian genocide raging in Nigeria is a bridge too far.”
“People must know Reno Omokri is a pathological, habitual, calculating, self-serving liar from someone who knows him personally so they won’t trust his sleazy attempts to bury the blood of tens of thousands of Nigerian martyrs with the manure spewing from his mouth,” Arnold wrote.
He also accused Omokri of harboring political ambitions, claiming that he plans to run for vice president under National Security Adviser Nuhu Ribadu.
Omokri, however, recently appeared on Arise News Night, dismissing reports of a Christian genocide in Nigeria as “ludicrous,” insisting that both Christians and Muslims are victims of insecurity across the country.
“Killings happen equally to Christians and Muslims,” Omokri said, urging Nigerians not to allow Western narratives to sow religious division.
The exchange has since sparked intense debate online, with many Nigerians weighing in on the authenticity of Arnold’s claims and Omokri’s controversial statements on religious persecution.
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Biafra
BREAKING: Nnamdi Kanu’s Ailment Not Life-Threatening – Court Adopts NMA Findings

The Federal High Court in Abuja has adopted a medical report by a panel set up by the Nigerian Medical Association (NMA), which found that the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, is not suffering from any life-threatening ailment.
The NMA panel, constituted by the association’s president on the order of Justice James Omotosho, was tasked with determining Kanu’s actual health condition following conflicting claims from medical experts representing both the prosecution and the defence.
According to the report submitted to the court on October 13 by the prosecution team led by Adegboyega Awomolo (SAN), and partly read in open court on Thursday, the panel concluded that Kanu’s condition is not life-threatening and that he is fit to stand trial.
Justice Omotosho, citing the report and noting no objections from either side, ruled that the trial would proceed.
The judge subsequently granted the defence six consecutive days — from October 23 to October 28 — to open and close its case.
Additionally, the court approved an oral application by defence counsel, Kanu Agabi (SAN), requesting that Kanu’s legal team be allowed to hold private consultations with him outside the Department of State Services (DSS) facility to ensure confidentiality.
Justice Omotosho ruled that the private meeting will take place in the courtroom between 9 a.m. and 12 noon on October 22, with only Kanu and his lawyers present.
The court further ordered that Kanu should continue receiving medical care at the DSS medical facility pending further proceedings.
One of Kanu’s lawyers, Aloy Ejimakor, confirmed the development after Thursday’s sitting.
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News
Bayelsa Governor Douye Diri Resigns from PDP with 23 Assembly Members

Bayelsa Governor Douye Diri Resigns from PDP with 23 Assembly Members
Bayelsa State Governor Douye Diri announced his resignation from the Peoples Democratic Party, PDP on Wednesday during a state executive council meeting in Yenagoa, accompanied by 23 members of the Bayelsa State House of Assembly, including Speaker Abraham Ngobere and Deputy Speaker Faithful Ebi.
His Chief Press Secretary, Daniel Alabrah, confirmed the move, attributing it to ‘obvious reasons’ without specifics, while Diri thanked PDP supporters and reaffirmed his dedication to Bayelsa’s progress.
“Today, I have formally resigned my membership from PDP for obvious reasons.” – Bayelsa State Governor, Douye Diri.
The defection ends the PDP’s control of the state since 1999 and hints at a potential shift to the All Progressives Congress before the 2027 elections.
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News
Davido Announces 5IVE Alive Tour in Five Cities in Nigeria

Nigerian Afrobeats star Davido has revealed the Nigerian dates for his 5IVE Alive Tour, linked to his fifth studio album released in April 2025, following a successful North American run.
The tour kicks off on October 26 in Uyo, Akwa Ibom, and includes stops in Yola, Enugu, Ibadan, culminating on December 25 in Lagos.
Tickets are now available starting at ₦5,000 for most venues, with fans urged to purchase quickly amid high demand.

News
Lagos Re-Arraigns Evans For Alleged Murder Of Two Policemen

The Lagos State Government has re-arraigned convicted billionaire kidnapper, Chukwudumeme Onwuamadike, popularly known as Evans, on a fresh murder charge involving the deaths of two police officers.
Evans and his co-defendant, Joseph Emeka, were re-arraigned before Justice Oyindamola Ogala on a five-count charge bordering on murder, attempted murder, and conspiracy to commit kidnapping.
The case was transferred from Justice Adenike Coker, and according to the charge, Evans and his co-defendant allegedly killed two policemen, Peter Nweke and Chijioke Ngozi, on August 27, 2013, around 10 p.m. at Festac Town, Lagos.
The offences violate Section 221 of the Lagos Criminal Law, 2011.
At the proceedings, State Prosecutor A. O. Azeez confirmed the transfer of the case and requested a fresh arraignment despite Evans’ earlier plea bargain applications before the former judge.
Both defendants pleaded not guilty to the five-count amended charge.
The court adjourned the matter to November 19, 2025, for hearing and issuance of witness summons.
Evans has already been convicted before another court and is currently serving sentences for two of his five criminal cases.
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