Lagos Revenue Service Activates Power of Substitution to Boost Tax Recovery
New tax law permits authorities to collect money from third party who owe, hold funds for tax defaulters Puts obligation on banks and other financial institutions, employers, tenants, debtors, or customers of the taxpayer, agents, any person owing money to taxpayer, others NTPIC begins stakeholder engagements, meets Adedeji, others James Emejo in Abuja Lagos State Internal Revenue Service (LIRS) said it had activated
the provisions of Section 60 of the Nigeria Tax Administration Act, 2025 (NTAA 2025) relating to the Power of Substitution vested in
the relevant tax authority to boost tax enforcement and recovery from defaulting taxpayers, going forward.
In a public notice, LIRS stated that NTAA 2025 empowered it to “direct any person holding money on behalf of, or owing money to, a
taxpayer who has failed to pay an established final tax liability when due, to remit such money to the service in settlement (or partial
settlement) of the outstanding tax”. That was as Chairman, National Continued on page 8
Tuesday 27 January, 2026 Vol 31. No 11251. Price: N400
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Yusuf, 31 Lawmakers, 44 LG Chairs with Many Wearing Kwankwasiyya Caps Join APC... Page 19
APC to Musawa, Others: Avoid Stoking Needless Speculations, Focus on Your Duty Says alleged possible replacement of Shet-tima as Tinubu’s running mate in 2027 speculative
Adedayo Akinwale in Abuja, Ibrahim Oyewale in Lokoja and Daji Sani in Yola
All Progressives Congress (APC), yesterday, warned Minister of Culture, Tourism and Creative
Economy, Hannatu Musawa, other senior government and party officials to stop fuelling needless
speculations, but focus on their primary duty of diligent service to the government and the party.
APC also dismissed growing media reports about possible replacement of Vice President
Kashim Shettima as running mate Continued on page 8
Finally, Military Confirms Attempted Coup, Identifies 16 to Be Court-martialed
Says trial will ensure full accountability, adherence to principles of fairness, due process Declares actions aimed at maintaining military’s integrity, operational effectiveness
Linus Aleke in Abuja About three months after it denied reports of a failed coup, the Nigerian military, yesterday, confirmed that the findings of an investigation into the conduct of 16 detained officers had linked them to an attempted coup to overthrow the administration of President Bola Tinubu. The announcement followed revelations that a number of officers were under scrutiny for indiscipline and breaches of service regulations. In a statement, the military emphasised that the officers found to have substantial evidence against them would be formally arraigned before a military judicial panel, where they would face trial in accordance with the Armed Forces Act and other relevant Continued on page 8
HOMAGE TO THE EMIR OF ILORIN...
L-R: APC Chieftain Amb. Yahaya Seriki; Governor AbdulRahman AbdulRazaq, CON; Senator Suleiman Sadiq Umar (Kwara North); Emir of Ilorin Dr. Ibrahim Sulu-Gambari CFR; Mutawali of Ilorin Dr. Alimi AbdulRazaq; and Senator Saliu Mustapha (Kwara Central); paying homage to the Emir after a special prayer for the late Chief Imam of Ilorin Sheikh Muhammad Bashir Imam Solih; on Sunday in Ilorin.