LAGOS COURT JAILS MAN ONE YEAR FOR POSSESSION OF FRAUDULENT DOCUMENTS. (PHOTO). #PRESS RELEASE.

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 Lagos Court Jails Man One Year for Possession of Fraudulent Documents Justice O.O. Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, on Tuesday, October 8, 2024, convicted and sentenced one Nonso Joseph Ekeocha to one year imprisonment for possession of fraudulent documents. Ekeocha was prosecuted by the Lagos Directorate of the Economic and Financial Crimes Commission, EFCC, on a one-count charge bordering on possession of fraudulent documents used to perpetrate romance scam. The count reads: "Nonso Joseph Ekeocha, on or about the 27th June, 2024 in Lagos, within the judicial division of this Honourable Court, with intent to defraud, had in your possession, 'Instagram Profile Account', wherein you represented yourself as Ronald Gregory, and other related documents for an online dating scam, which you knew or ought to know to be false,” He pleaded "guilty" to the charge. Following his guilty plea, the prosecution counsel, I. G. Akhanolu, prayed
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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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