Headline
Presidency Knocks Lawmaker Over Missing N89tn Stamp Duty Claim

Following the controversies trailing a claim of a missing sum of N89.09 trillion allegedly lost from siphoned stamp duty charges, the Presidency on Tuesday said such is false.
It also said the entire banking sector deposit in Nigeria does not amount to half of N89tn.
“It is now evident that the consultants and petitioners’ claim of a missing N89tn from stamp duty appears false and a figment of their malicious imaginations. The same set of consultants claimed in 2016 there was N20tn to be collected. It was found to be false. The entire banking sector deposit is not even up to half of N89 trillion.
“Indeed, if the Federal Government can find N89tn Naira, it can pay off all its debt, both foreign and local currency and all state government debts and still have over N10tn left,” a statement signed on Tuesday evening by the President’s spokesman, Garba Shehu, read.
The statement is titled, “Stamp duty: facts Nigerians need to have.”
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In an interview with BBC Hausa last Friday, the lawmaker representing the Kazaure, Roni, Gwiwa, Yankwashi Constituency of Jigawa State at the lower chambers alleged that the Presidential Committee on the Reconciliation and Recovery of All Stamp Duties has accused some government agencies of sabotaging the committee’s efforts.
According to Kazaure, who said he serves as the committee’s secretary, it was discovered that N89.09tn has so far been realised from deductions by banks but these funds have not made it to the FG’s coffers.
He alleged connivance by some critical operatives of the regime, including the Central Bank of Nigeria, the Office of the Secretary to the Government of the Federation and the Protocol Department of the State House, preventing him from briefing President Muhammadu Buhari on the findings.
But reacting to the claims on Tuesday, the Presidency said while there was a committee empowered by the President to look recover a sum of N20tn allegedly lost to the Nigerian Inter-bank Settlement System, the President rescinded his approval upon realising the actual plan of said committee.
It explained that this “anomaly” arose because certain characters apparently formed a cartel with collaborators in the Nigerian Postal Service and were allegedly collecting and pocketing tokens on banking transactions.
Soon after, a non-government organisation posited to the regime that the Nigerian government had lost the sum of over N20tn to the Nigerian Inter-bank Settlement System between 2013-2016 in this regard, claiming that the said sum could be recovered and paid back into the government coffers.
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“The consultants asked to be paid a professional fee of 7.5 per cent and were placed under the supervision of the Secretary to the Government of the Federation.
“Following the lack of progress in the promised recovery, the late Chief of Staff to the President, Abba Kyari wrote on March 8, 2018, to the SGF conveying a presidential directive that following the lack of progress and several expressed concerns received, the activities of the consultants be discontinued.
“In the aftermath of this dismissal, the consultants sued the government. A court of competent jurisdiction subsequently ruled in favour of the government,” the Presidency noted in the statement.
It said arising from the outcome of the litigation and the controversy on the legally responsible agent for collecting this levy, the regime caused an amendment to the law and removed NIPOST from the duty of its collection.
Having lost a potentially “lucrative” line of “business”, Shehu claimed that the sacked characters returned to the drawing board to formulate one form of trick or another to intimidate the government but the vigilant teams of the administration kept them at bay.
“Lately, they returned to the government through Hon. Muhammadu Kazaure with a plan to track the so-called lost stamp duties with the erstwhile consultant as chairman and Gudaji as secretary.
“When it emerged that the petitioner and lead consultant of the committee the President had dissolved via the late Abba Kyari’s letter of March 28 had masqueraded himself and re-emerged as the chairman of the new recovery committee championed by Gudaji, the President rescinded the approval he gave and asked that it be stopped from operating under the seal of his office,” Shehu further explained.
Buhari’s decision, he said, was premised on concerns relating to natural justice and fair hearing in having the Chief Justice of the Federation as a committee member and a serving member of the House of Representatives as Secretary, which are not in line with Section 5(1),(a)&(b) of the 1999 constitution of the Federal Republic of Nigeria (as amended).
The Presidency proceeded to answer questions raised by Kazaure in the BBC Hausa interview.
On the CBN’s Investors and Exporters window, which Kazaure claimed stood at $171 billion dollars as of 2020, it said “Contrary to Kazaure’s assertion, the I&E window is NOT an ‘account’ where foreign exchange is deposited. It is simply a platform for trading foreign exchange.
“As of April 2020, the total amount of foreign exchange traded (either bought or sold) in the window was about $171bn. The amount does not mean that we have $171bn stacked away in some vault or saved in any account.”
On accusations of the CBN loaning N23.4tn to some banks, Shehu said “the total balance sheet of the CBN is not anywhere near N23tn. So how can it give such an amount in loans to any or some banks?”
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Responding to claims about a N13trillion loan to the federal government from the Financial Markets Derivative Quotes he said according to the Debt Management Office, the total amount of Nigeria’s domestic debt as of September 2022 is N21.6tn.
“Is Kazaure suggesting that a small company in Lagos holds over 60 per cent of Nigeria’s domestic debt? Of the N21.6tn domestic debt, only N4.5tn are in Treasury Bills. How then can a company in Lagos hold more treasury bills (N13tn) than the entire treasury bills issued by the Federal Government?” Shehu queried.
According to him, the President has not ignored these matters and a duly authorised committee under the Attorney-General and Minister of Justice, Abubakar Malami is “working to reconcile, recover and transfer all Stamp Duties into Stamp Duties Central Account. The work is ongoing, it is not finished yet and the President will continue to show his keen interest in the matter of Stamp Duty collection.”
PUNCH
Headline
UK Police Arrest Asylum Seeker Sex Offender Mistakenly Freed

The UK police on Sunday arrested an Ethiopian asylum seeker and convicted sex offender, whose crimes had sparked anti-immigration protests, after he was accidentally released from prison in an embarrassing blunder by British authorities.
London’s Metropolitan Police said officers arrested Hadush Kebatu in the north of the capital on Sunday morning, nearly 48 hours after he was mistakenly freed around 30 miles (48 kilometres) away.
Kebatu, 38, had served the first month of a one-year sentence for sexually assaulting a teenage girl and a woman, but was reportedly due to be deported when the Prison Service error occurred on Friday.
His high-profile case earlier this year in Epping, northeast of London, sparked demonstrations in various English towns and cities where asylum seekers were believed to be housed, as well as counter-protests.
READ ALSO:UK Police Hunt Asylum Seeker Mistakenly Freed For Sex Offence
Commander James Conway, who oversaw the manhunt for him, said “information from the public” led officers to the Finsbury Park neighbourhood of London, where he was found.
“He was detained by police but will be returned to the custody of the Prison Service,” he added.
Kebatu is now expected to be deported.
Prime Minister Keir Starmer said Friday he was “appalled” by the “totally unacceptable” mistake that saw him freed rather than sent to an immigration detention centre.
The Telegraph newspaper said he was wrongly categorised for release on licence and handed a £76 ($101) discharge grant.
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Police had appealed Saturday for Kebatu to turn himself in, after reports emerged that he had appeared confused and reluctant to leave the prison in Chelmsford, eastern England.
A delivery driver described seeing Kebatu return several times in a “very confused” state, only to be turned away by staff and directed to the railway station.
The driver told Sky News he saw Kebatu outside the jail, asking, “Where am I going? What am I doing?”
“He was starting to get upset, he was getting stressed,” the driver said.
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The father of Kebatu’s anonymous teenage victim told the broadcaster that “the justice system has let us down.”
Police arrested the asylum seeker in July after he repeatedly tried to kiss a 14-year-old girl and touch her legs, and made sexually explicit comments to her.
He also sexually assaulted an adult woman, placing a hand on her thigh, when she intervened to stop his interactions with the girl.
He was staying at the time at Epping’s Bell Hotel, where scores of other asylum seekers have been accommodated, and which became the target of repeated protests.
AFP
Headline
Madagascar Revokes Ousted President’s Nationality

Madagascar’s new government has stripped ousted president Andry Rajoelina of his Malagasy nationality in a decree published Friday, 10 days after he was removed in a military takeover.
According to AFP, the decree means that Rajoelina, who was impeached on October 14 after fleeing the island nation in the wake of weeks of protests, would not be able to contest future election.
The decree published in the official gazette said Rajoelina’s Malagasy nationality was revoked because he had acquired French nationality in 2014, local media reported, as photographs of the document were shared online.
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French broadcaster RFI said it had confirmed the decree with the entourage of the new prime minister, Herintsalama Rajaonarivelo, who signed the order.
The decree cited laws stipulating that a Malagasy who voluntarily acquires a foreign nationality loses their Malagasy nationality.
Rajoelina’s French nationality caused a scandal when it was revealed ahead of the November 2023 elections, nearly 10 years after it was granted.
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It triggered calls for him to be disqualified but he went on to win the contested polls, which were boycotted by opposition parties.
The 51-year-old politician fled Madagascar after army Colonel Michael Randrianirina said on October 11 his CAPSAT unit would refuse orders to put down the youth-led protest movement, which security forces had attempted to suppress with violence.
Rajoelina said later he was in hiding for his safety, but did not say where.
Randrianirina was sworn in as president on October 14, pledging elections within two years.
Headline
Kamala Harris Hints At Running For President Again

Former US vice president Kamala Harris said in a British television interview previewed in Saturday that she may “possibly” run again to be president.
Harris, who replaced Joe Biden as the 2024 Democratic presidential candidate but lost to Donald Trump, told the BBC that she had not yet decided whether to make another White House bid.
But the 61-year-old insisted she was “not done” in American politics and that her young grandnieces would see a female president in the Oval Office “in their lifetime, for sure”.
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“I have lived my entire career a life of service, and it’s in my bones, and there are many ways to serve.
“I’ve not decided yet what I will do in the future, beyond what I am doing right now,” Harris told the British broadcaster in an interview set to air in full on Sunday.
The comments are the strongest hint yet that Harris could attempt to be the Democratic Party nominee for the 2028 election.
READ ALSO:Kamala Harris Secures Democratic Presidential Nomination
The interview follows the release of her memoir last month, in which she argued it had been “recklessness” to let Biden run for a second term as president.
She also accused his White House team of failing to support her while she was his deputy, and at times of actively hindering her.
AFP
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