EL-RUFAI TO REMAIN IN CUSTODY AS COURT ADJOURNS BAIL APPLICATION TO APRIL 14.(PHOTO).

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 El-Rufai to remain in custody as court adjourns bail application to April 14 Justice Rilwanu Aikawa of a Federal High Court in Kaduna has adjourned the hearing of the bail application filed by former Kaduna State governor, Nasir Ahmad El-Rufai, to April 14th. The bail application of the former governor came up before the court today. April 1. The court adjourned the case after listening to arguments from both the defence and prosecution  El-Rufai was arraigned by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on a 10-count charge bordering on alleged conversion of public property and money laundering. He pleaded not guilty to all the charges. The court ordered that he remain in ICPC custody pending the hearing of his bail application on the fixed date. The former governor arrived at the court premises around 9:00 a.m. in a black Hilux vehicle, accompanied by DSS officials.
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STAKEHOLDERS CALL FOR N100M TURNOVER THRESHOLD FOR SMALL BUSINESS TAX EXEMPTION. (PHOTO).

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 Stakeholders call for N100m turnover threshold for small business tax exemption


Stakeholders have urged the federal government to increase the turnover threshold for small businesses to be exempt from the new Withholding Tax (WHT) regulation from N25 million to N100 million. While they welcomed the government’s efforts to ease the tax burden on businesses, they argued that N25 million is too low given current economic realities.


They praised the policy for supporting small businesses but emphasized the need for a higher threshold to better reflect inflation and the devaluation of the naira.

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