We have a problem but the call to #EndSARS is NOT the solution. Here is why.
SARS stands for Special Anti-Robbery Squard. It is a unit under the Criminal Investigation and Intelligence Department (CIID) of the Nigeria Police.
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It was set up in response to the rising spate of crimes especially robbery and kidnapping so the intention was good and is still relevant today.
Unfortunately many innocent Nigerians have been victims of brutality, extortion and murder by some bad elements within SARS.
But is ending SARS the solution? I don't think so! The same way we wouldn't ask for an end to the Police or the Army just because some of their personnel behave badly.
1) if we #EndSARS, the bad eggs will remain within the Police, meaning they'll simply transfer what they do with SARS to the general police structure.
2) Robbers and kidnappers will have a field day and other violent crimes will increase.
The problem is systemic, it requires a reform of structure, approach, processes, controls and mindset. We should address the system that enables the perpetration of evil whether by #SARS or otherwise.
So let's demand for specific reforms with appropriate safeguards including:
1. SARS should focus on violent crimes only, their mandate should exclude cybercrime. Fighting internet fraud requires brain not gun.
2. Ban SARS officers from checking phones, laptops, or looks. It is not a crime to look good.
3. Mandatory use of bodycam by personnel of SARS.
4. The squad should only respond to distress calls. No daytime patrol, no roadblocks. Patrol at night to be limited only to hotspots.
5. Use intelligence to fight crime rather than physical force. This way we can even prevent many of the crimes from happening.
6 Review the KPIs set for the SARS personnel to ensure right behaviour and punishment for wrongdoing.
7. No use of firearms unless the lives of an officer is threatened. Use tasers for non life threatening situations.
8. Promote citizens engagement and collaboration. Create a platform for reporting by the public and act promptly on feedback.
9. Establish controls around arrest and detention generally e.g. approval by very senior officers, login into a central system and cameras in detention rooms for central monitoring.
10. Ensure a credible recruitment process, continuous training and better condition of service for the officers.
SARS personnel are not aliens, they come from among us. They are our brothers, sisters, aunties, uncles, and parents. To a large extent they reflect who we are. Some Americans are racists so it reflects in their Police.
We should all examine ourselves & bring back our "humanity". Let's condemn any form of retaliatory attack on police officers, there are many good officers who put their lives on the line to protect us, and two wrongs don't make a right.
Some good initiatives in the 2021 Budget Speech but Government Owned Enterprises should not be asked to focus on revenue generation, that'll be counterproductive. pwc.smh.re/0ZuD
Rather, Govt Owned Enterprises should focus on rendering services and facilitating businesses. When businesses and individuals are successful, they will pay tax.
In case you’re wondering what FG is saying, this is in connection with the commencement of automatic exchange of taxpayers information between Nigeria with other countries.
The information required is to enable reporting financial institutions determine the tax residency of their customers to know which countries to share your information with.
In the case of corporate accounts, the exercise is required to determine the beneficial ownership and control also for reporting purposes.
5 lessons from Adesina’s historic re-election as AfDB president with a 100% votes.
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#1 - Set a clear vision and lead with purpose
Upon assumption of office, Adesina set an agenda for the AfDB based on five development priorities known as the High 5s:
(1) Light up and Power Africa; (2) Feed Africa; (3) Industrialize Africa; (4) Integrate Africa; and (5) Improve the Quality of Life for the People of Africa.
And he did not just set out a plan, he has been diligently following through, from one milestone to another.
There has been an uproar about the new #CAMA2020 and regulation of NGOs. Let’s look at what the law says.
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Under the old CAMA, NGOs (including religious organizations) are registered as corporate bodies under Part C.
In line with S.608 of the old CAMA, an NGO is subject to dissolution by the court on a petition brought for that purpose by the governing board, trustees, members or the CAC on the ground that:
In this thread, I will attempt to answer some of the Frequently Asked Questions.
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Q. What is this stamp duty that everybody is talking about?
A. Stamp duty is a tax on instruments (mostly written documents). It is based on the Stamp Duties Act, CAP S8 LFN 2004 as amended. But in substance, not much has changed from the original law, the Ordinance 41 of 1939.
Q. How is Stamp Duty calculated?
A. Stamp duties may be levied at a fixed or ad valorem rate depending on the instrument. Fixed means the same amount regardless of size of transaction while ad valorem means an amount that is based on the value of the transaction.
#Tax101 - Stamp duty on most rent agreements is at the rate of 0.78%, not 6% as being widely circulated. Based on the Stamp Duties Act, stamp duty on lease or rent agreement is payable as follows:
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If the lease term is less than 7 years, stamp duty rate is 0.78% (e.g. N780 on N100k rent)
For a term of 7+ to 21 years, stamp duty rate is 3% (means N3k for N100k rent)
For a term above 21 years, stamp duty rate is 6% (e.g. N6k for N100k rent)
Given that most people enter into rent agreements for less than 7 years, the applicable stamp duty rate to most people will be 0.78%.