A CATHOLIC PRIEST, REV. FR. SAMUEL OPEYEMI OYETORO, HAS BEEN REPORTEDLY KILLED BY UNKNOWN ASSAILANTS IN AJAOKUTA, KOGI STATE. (PHOTO).

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 Catholic priest reportedly klled in Kogi  A Catholic priest, Rev. Fr. Samuel Opeyemi Oyetoro, has been reportedly killed by unknown assailants in Ajaokuta, Kogi State. According to reports, the priest was stabbed multiple times along Ajaokuta road on Wednesday, 29th July 2026. His body was found dumped at the roadside.  Rev. Fr. Oyetoro was born in Egbe, Yagba West Local Government Area of Kogi State and a native of Ayetoro in Ijumu Local Government Area.  Until his death, he served as a priest at St. Mary’s Catholic Church, Egbe. The full circumstances surrounding the incident are still unclear, and authorities are yet to issue a comprehensive official statement.  The Catholic Diocese of Lokoja confirmed the d3ath of the priest in a statement and requested all religious and Laity to pray for the peaceful repose of his soul.” “We kindly request all priests, religious and Laity to pray for the peaceful repose of his soul during their Holy Masses and personal pra...
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BANKS TO REPORT TRANSACTIONS ABOVE N5M MONTHLY UNDER NEW TAX LAW EFFECTIVE 2026.(PHOTO).

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BANKS TO REPORT TRANSACTIONS ABOVE N5M MONTHLY UNDER NEW TAX LAW EFFECTIVE 2026.


Nigerian banks have been mandated to report all customer accounts with monthly transactions exceeding N5 million to the country’s tax authorities, according to the latest update from the National Orientation Agency (NOA).

This directive was part of a sweeping tax reform signed into law, aimed at improving tax compliance, curbing financial irregularities, and aligning Nigeria’s fiscal structure with global standards.

The new requirement, outlined in Section 30 of the 2025 Tax Reform Act, places commercial banks at the forefront of a major financial transparency push. Banks will be required to monitor and report high-value transactions on a monthly basis to the Federal Inland Revenue Service (FIRS) and other relevant tax bodies.

Announcing the update via its official X (formerly Twitter) handle, the NOA stated that this measure is part of broader reforms to ensure that taxable income does not escape regulatory oversight. 
Analysts said the move could significantly improve the government’s ability to track unreported income and enhance revenue generation from the informal and high-net-worth segments of the economy.

In addition to mandatory transaction reporting, the reform introduces several taxpayer-friendly provisions aimed at easing the burden on low- and middle-income Nigerians:

Individuals earning up to N800,000 annually (N66,667 per month) are now exempt from personal income tax, up from the previous threshold of N500,000. This change is designed to protect low-income earners and support cost-of-living relief.

It further explains that Section 31 of the Act now exempts capital gains on the sale of a primary residence. Additionally, under Section 50, compensation up to ₦10 million for injury, job loss, or defamation is excluded from taxable income, offering broader financial protection to affected individuals.

The reform also introduces a new value-added tax (VAT) distribution

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