10 affordable alternatives to DStv, GOtv in Nigeria

MultiChoice Nigeria, the parent company of DStv and GOtv, on Monday announced a price hike on its subscription packages from Saturday, March 1, 2025.

New Subscription Rates for DStv and GOtv

DStv New Prices (Monthly Subscription)

Premium: ₦44,500

Compact+: ₦30,000

Compact: ₦19,000

Confam: ₦11,000

Yanga: ₦6,000

Padi: ₦4,400

HDPVR Access Service: ₦6,000

Access Fees: ₦6,000

XtraView: ₦6,000

GOtv New Prices (Monthly Subscription)

Supa+: ₦16,800

Supa: ₦11,400

Max: ₦8,500

Jolli: ₦5,800

Jinja: ₦3,900

Smallie: ₦1,900

Read Also: FULL LIST: Multichoice unveils new prices for DStv, GOtv subscription

As prices rise, Nigerian viewers are exploring alternative options, ranging from streaming platforms to affordable pay-TV services.

Here are 10 cost-effective substitutes:

1. Showmax

A streaming service offering Nollywood content, international movies, and live sports.

2. Netflix

Provides a vast collection of Nollywood and global content, with flexible subscription plans.

3. Amazon Prime Video

Features exclusive TV shows and movies, including Nigerian productions.

4. YouTube Premium

Allows ad-free video streaming and access to exclusive YouTube Originals.

5. IrokoTV

A Nigerian-based platform specializing in Nollywood films and African series.

6. Airtel TV

Offers a mix of local and international channels, available for Airtel subscribers.

7. MTN TV+

Provides affordable mobile streaming with access to various entertainment options.

8. FreeTV Nigeria

A government-backed free-to-air service providing local and international stations.

9. TStv Africa

A Nigerian pay-TV service with pay-as-you-watch pricing models.

10. StarTimes

A direct competitor to DStv and GOtv, offering diverse entertainment at lower costs.

With the new DStv and GOtv prices set to take effect, subscribers must weigh their options. Whether sticking with traditional pay-TV or exploring cost-effective streaming and satellite alternatives, Nigerian viewers now have more choices than ever.

As public outcry continues, it remains to be seen whether regulatory bodies will intervene or if the market will naturally shift toward more flexible and budget-friendly services.

FULL LIST: Multichoice unveils new prices for DStv, GOtv subscription

MultiChoice Nigeria, the parent company of DStv and GOtv, has officially announced an upward price adjustment on its subscription packages, set to take effect from Saturday, March 1, 2025. The decision, which comes amid rising operational costs, has sparked discussions among subscribers and regulatory bodies.

The announcement comes despite the Federal Competition and Consumer Protection Commission (FCCPC) previously cautioning against arbitrary price hikes in the pay-TV sector. The FCCPC has consistently urged service providers to consider the economic hardship faced by consumers before making price adjustments.

In an official statement, John Ugbe, CEO of MultiChoice Nigeria, attributed the increase to rising operational expenses and reassured customers of the company’s commitment to delivering high-quality content and top-notch entertainment services.

“Price Adjustment on DStv and GOtv Packages

On Saturday, March 1, 2025, we will adjust our prices across all our packages on DStv and GOtv.

We understand the impact this change may have on you, our valued customer, but the rise in the cost of business operations has led us to make this difficult decision.

It remains our mission to provide the best entertainment and viewing experience to you, and we are committed to continuing to deliver high-quality content and unparalleled service.

“We thank you for your continued patronage and support.”

Revised Subscription Rates for DStv and GOtv

Below is the list of the new subscription rates for DStv and GOtv effective from March 1, 2025:

DStv New Prices (Monthly Subscription)

1. Premium: ₦44,500

2. Compact+: ₦30,000

3. Compact: ₦19,000

4. Confam: ₦11,000

5. Yanga: ₦6,000

6. Padi: ₦4,400

7. HDPVR Access Service: ₦6,000

8. Access Fees: ₦6,000

9. XtraView: ₦6,000

GOtv New Prices (Monthly Subscription)

1. Supa+: ₦16,800

2. Supa: ₦11,400

3. Max: ₦8,500

4. Jolli: ₦5,800

5. Jinja: ₦3,900

6. Smallie: ₦1,900

The announcement has triggered mixed reactions among Nigerian subscribers, with many expressing concerns about affordability given the country’s current economic challenges.

Consumer rights groups have voiced their disapproval, urging MultiChoice to reconsider its decision in light of the prevailing economic conditions. Several subscribers have also taken to social media platforms to air their grievances, questioning why the company frequently increases prices despite the tough financial climate.

Industry analysts suggest that while the price adjustments may be necessary for MultiChoice to sustain its operations, the move could lead to a decline in subscriptions, especially among low-income customers who may opt for alternative entertainment sources, including streaming services.

With the FCCPC already expressing concerns over the price increase, it remains to be seen whether the commission will take regulatory action against MultiChoice. In the past, the FCCPC has engaged MultiChoice on similar issues, advocating for flexible pricing models, pay-per-view options, and improved consumer-friendly policies.

As subscription costs rise, consumers are exploring alternative options, including digital streaming platforms such as Netflix, Amazon Prime Video, and Showmax. The affordability and flexibility of internet-based streaming services continue to attract more Nigerians, raising concerns about the long-term competitiveness of traditional pay-TV providers like DStv and GOtv.

With the new price structure set to take effect on March 1, 2025, subscribers will have to decide whether to continue with their current packages, downgrade, or explore other entertainment options. As public debate continues, industry stakeholders will be watching closely to see how MultiChoice navigates the backlash and whether regulatory bodies will step in to address consumer concerns.

Police arrest three suspects over attack on NANS members

The Police Command in Ondo State has arrested three suspects in connection with the attack on members of the National Association of Nigerian Students (NANS) at Ogbese in Ondo State.

CSP Funmilayo Odunlami, Police Public Relations Officer (PPRO) in the state, made this known on Tuesday in a statement made available to newsmen in Akure.

The News Agency of Nigeria (NAN) reports that on Sunday, Feb. 23, NANS members were attacked at Ogbese, Akure North Local Government Area, while traveling to Abuja for their annual convention.

Odunlami explained that the command received a distress call from one of the NANS members, reporting an unprovoked attack by some youths in the Ogbese Area .

The PPRO said the police swiftly moved to the scene, restored calm, and ensured the safety of the victims.

He said a manhunt was immediately launched to apprehend the masterminds behind the attack.

“Intelligence gathered revealed that this was not the first time NANS members had been targeted in the same community.

“Through intelligence-led policing, the special squad of the command successfully arrested three suspects linked to the incident,” she said.

Read Also: Police foil alleged terror plot, recover explosives, weapons in Kano

Odunlami said that the Commissioner of Police (CP), Wilfred Afolabi, had reassured NANS members of a thorough investigation to uncover the full details behind the attack, and to bring all those involved to justice.

The PPRO said that the commissioner also reaffirmed the commitment of the command to ensuring the safety of all residents and travellers passing through the state.

“The three suspects are currently undergoing interrogation and will be charged to court upon the conclusion of the investigation.

“The Police Command in Ondo State urges the public to remain law-abiding and to report any suspicious activities to the nearest security agency,” she said.

Odunlami said that the NANS team, led by Comrade Owolewa Taiwo, Zonal Coordinator, South-West, expressed appreciation to the police commissioner for the swift intervention and the command’s efforts in maintaining security across the state.

The PPRO said Taiwo further pledged NANS’ support in collaborating with the police to combat crime and criminality in Ondo State.

(NAN)

Ekiti Polytechnic gets new registrar 

The newly appointed Registrar, Ekiti State Polytechnic, Isan-Ekiti, Mrs Abimbola Adewumi has on Tuesday resumed office.

The News Agency of Nigeria (NAN) reports that Adewumi was appointed on Jan. 23 as the second substantive registrar of the polytechnic.

She holds a BA.Ed in English from the Lagos State University (LASU), as well as a Masters in Human Resources Management from the Afe Babalola University, Ado Ekiti.

In her inaugural address, she expressed her deep appreciation for the opportunity to serve in the capacity of a registrar, describing her appointment as a call to service.

Read Also: 16 governors set up minimum wage committees

She assured the polytechnic community of her unwavering commitment to excellence and pledged to discharge her duties responsibly.

“I will work assiduously not to disappoint the polytechnic and the state government. This position is a call to service and I pledge to discharge my duty responsibly.

“To all members of staff, I want to use this opportunity to solicit your unflinching support, loyalty and dedication to service with the right attitude and discipline,” she said.

Earlier, the Rector of the institution, Dr Sunday Ajeigbe, congratulated the new registrar and urged her to contribute her quota to the growth of institution.

He stressed the need for teamwork and strategic leadership in advancing the polytechnic’s vision, while assuring her of the management’s support in achieving the institution developmental goals.

(NAN)

Canada imposes retaliatory tariffs on U.S imports

The Canadian Prime Minister, Justin Trudeau said on Tuesday that Canada would impose 25-per cent tariffs on 155 billion Canadian dollars (about 107 billion U.S. dollars) worth of U.S. goods.

According to Trudeau, this will happen if the United States proceeds with its proposed tariffs on Canadian products.

Trudeau made the remarks after the U.S. President, Donald Trump told reporters earlier on Monday that 25-per cent tariffs on Canadian and Mexican imports would start on Tuesday.

Canada would begin with a 25-per cent tariff on 30 billion Canadian dollars worth of U.S. goods, immediately effective on Tuesday.

This would follow by tariffs on the remaining 125 billion Canadian dollars of American products in 21 days’ time, Trudeau in said in a statement.

“Our tariffs will remain in place until the U.S. trade action is withdrawn,’’ he noted.

He added that the Canadian government was in active and ongoing discussions with provinces and territories to pursue several non-tariff measures.

On the same day, Canada’s Ontario Premier Doug Ford said that his province was ready to cut off electricity and critical mineral supply to the U.S. in response to the expected U.S. tariffs.

Ford, also the chair of the Council of the Federation of Canada’s premiers, said Ontario is a major electricity exporter to the U.S. states of New York, Michigan and Minnesota.

“If they want to try to annihilate Ontario, I will do anything, including cutting off their energy, with a smile on my face,’’ he said.

Ford also threatened to halt exports of Ontario nickel during an interview with NBC News on Monday afternoon.

“We will respond strongly and we don’t want to.

“On the critical minerals I will stop shipments going into the U.S. for nickel.

Read Also: Netizens react as identity of woman who threatened mass killing of Nigerians in Canada revealed

“I will shut down manufacturing because 50 percent of the nickel you use is coming from Ontario,’’ Ford said.

Mexican President, Claudia Sheinbaum, at her morning news conference, called for temperance, serenity and patience as the tariffs loomed.

This was ahead of Trump’s announcement on Monday, as she reassured the public that her administration has multiple contingency plans in place.

Mexico has prepared “Plan A, Plan B, Plan C, and Plan D’’ the president noted, though she did not provide further details.

While she did not rule out direct communication with Trump, Sheinbaum emphasised that Mexico remains calm and prepared.

“Whatever his decision is, we will make our decisions, and there is a plan and unity in Mexico,’’ she said.

On Feb. 1, Trump signed an executive order to impose a 25-per cent tariff on imports from Mexico and Canada, with a 10-per cent tariff increase specifically for Canadian energy products.

On Feb. 3, Trump said the announced tariffs would be deferred for one month, allowing more time for negotiations.

He has claimed that tariffs were intended to pressure the two U.S. neighbours to intensify their efforts against fentanyl trafficking and curb illegal immigration.

Both countries have taken steps to address his concerns.

Trudeau said in his statement that Canada has appointed “a Fentanyl Czar’’ among other measures, to combat drug trafficking.

Mexico has ordered the deployment of 10,000 National Guard troops to its shared border with the U.S. to curb drug trafficking and mass immigration.

(Xinhua/NAN)

NITDA, UK Explore collaboration for stronger national cybersecurity

The National Information Technology Development Agency (NITDA) and the United Kingdom are partnering on the UK/Nigeria Inward CyberTrade Mission to build a National Cybersecurity Architecture.

Malam Kashifu Inuwa, Director-General of NITDA, at the meeting with some UK delegates on Monday in Abuja, said that President Bola Tinubu was committed to economic reforms and transformation, which digitisation could drive.

Inuwa noted that their Strategic Roadmap and Action Plan (SRAP) 2.0, would enhance the digitisation of the country by ensuring a digitally literate populace who are abreast of cybersecurity concerns.

He said the Federal Government was working towards embedding cybersecurity in every aspect of general activities, adding that 95 per cent of cyber breaches were as a result of human errors.

“We need to educate both the users and operators on cybersecurity, which is part of what we do and we have a target of achieving 95 per cent digital literacy level now.

“We are looking at building expertise and we are working on training our people on how to safeguard our digital space,” he said.

He added that they were conducting some research on emerging technologies like Artificial Intelligence, Internet of Things, Blockchain, Robotics and additive manufacturing.

Inuwa explained that as emerging technologies evolved, there was need for cybersecurity to also evolve.

“We need to evolve in the way we talk about cybersecurity and the way we secure the system we are building,” he said.

He added that in the past the use of AI never posed a threat but presently it required explainability to avoid misuse of the technology.

Inuwa added that issues about cybersecurity was a global concern and addressing it would require strategic partnerships and working as a global ecosystem to gain cyber diplomacy.

He added that it was collaborating with other countries who would be working with local businesses to build security systems according to Nigeria’s cyber landscape.

Read Also: Five must have Cybersecurity tools for 2024

Mr Mark Smithson, Country Director, Department of Business and Trade (DBT), UK, said the relationship between Nigeria and the UK was valued at 7.5 billion pounds and it was committed to continue strengthening it through building safe cyber spaces.

“The UK remains firmly committed to supporting Nigeria in tackling cyber security challenges and harnessing the opportunities of the digital age as global threads evolve.

“Our partnership is more crucial than ever in ensuring a safe and resilient cyberspace for businesses, governments and citizens alike.

“The UK is proud to bring world class expertise in cyber security to Nigeria, from cutting-edge technology, to capacity building initiatives because our strong track record in cyber resilience, threat intelligence and innovation presents valuable opportunity.

“We look forward to expanding our cooperation, sharing knowledge, deepening our bilateral trade and building a secure digital future together,” Smithson said.

Dr Lawan Mohammed, Director, Cybersecurity, said the country would need expertise collaboration to build a strong cybersecurity infrastructure, especially on the effective implementation of cybersecurity frameworks.

Other areas of expertise intervention, he mentioned were in building capacity of cybersecurity experts, which, he said, were about 8,300 and were insufficient to address cyber threats across the country.

He added that the Federal Government would require expertise to develop threat intelligence, identify vulnerabilities, preserve Public Key Infrastructure and a resilient National Cybersecurity Architecture, among other areas.

Mr Ross Gill, another member of the delegation, recognised that there are growing threats across the globe, saying that partnerships and sharing best practices could help build better defenses.

(NAN)

Rivers Assembly gives Fubara 48 hours to re-present 2025 Appropriation Bill

The Rivers House of Assembly has written to Gov. Siminalay Fubara, urging him to re-present the 2025 Appropriation Bill within 48 hours.

The House made this known in a five-point resolution by Mr Martin Amaewhule-led Rivers State House of Assembly at plenary on Monday in Port-Harcourt.

The Amaewhule-led members of the assembly resumed on Monday, following a Supreme Court order on Feb. 28, which stopped federal allocations to Rivers until the state government recognised the Amaewhule-led members of the assembly.

By the Supreme Court directive, the N1.1 trillion appropriation bill presented by a rival Speaker, Victor Oko-Jumbo, to the governor for assent in January was also nullified.

Amaewhule said the governor’s quick response to the resolution was urgent to enable the state tackle impending financial crisis following the halt of statutory federal allocations to the state by the Supreme Court.

The plenary also deliberated on the annulled local government election by the Supreme Court.

Read Also: Fubara prays Appeal Court to vacate order stopping Rivers’ allocations

The letter to the governor read in part;

”That pursuant to the order of the Supreme Court in suit no: SC/CV/1174/2024 for the stoppage of statutory federal allocations to the Rivers government and halting spending from the Consolidated Revenue Fund of the state, pending the passage of an Appropriation Bill:

”You are requested to present the 2025 appropriation bill to the House in line with the provisions of the 1999 Constitution as amended.

“That the House expects you to present the 2025 Appropriation Bill within 48 hours.”

The House, also in its letter, announced readiness to commence the process of amending the Rivers Local Government Law and the State Independent Electoral Commission law to pave way for a fresh local government elections.

The House also drew his attention to the 2023 amendment to the constitution, which prohibited Heads of Local Government Administrators (HLGAs) or individuals other than democratically elected persons to head local government administration.

The News Agency of Nigeria (NAN) recalled that Fubara, in response to the nullification of the local government election by the Supreme court, had ordered HLGAs in the 23 local government areas to immediately assume office as administrators of the local councils.

(NAN)

Obasa reinstated as Lagos Speaker, ending 49-Day crisis

After 49 days of intense political upheaval, Mudashiru Obasa has been reinstated as the Speaker of the Lagos State House of Assembly, ending the crisis that had gripped the legislative chamber. His return follows the resignation of Mojisola Meranda, the former speaker, during a tense plenary session on Monday. The move to restore Obasa to the prestigious position marks the culmination of a political struggle that involved high stakes, internal divisions, and calls for accountability.

The Political Strife: A Crisis Unfolds

The crisis that led to Obasa’s initial removal from office began on January 13, when he was ousted by 32 out of the 40 lawmakers of the Lagos State House of Assembly. The decision to remove Obasa was not made lightly; it stemmed from a series of allegations against him, including financial impropriety, high-handedness, and gross misconduct. These accusations rocked the House and led to a breakdown in relations between Obasa and several members of the Assembly.

The allegations centered around claims of mismanagement of funds and authoritarian leadership, with some accusing Obasa of running the Assembly like a personal fiefdom. The controversy over his leadership style sparked deep divisions among the lawmakers, and many members felt that the integrity of the Assembly had been compromised under his leadership. As the scandal intensified, it became clear that Obasa’s position had become untenable, leading to his eventual removal.

Meranda, who was the Deputy Speaker at the time, was elevated to the position of Acting Speaker in the wake of Obasa’s removal. Despite this change in leadership, the crisis within the House of Assembly persisted, with factions and tensions continuing to simmer.

The Resignation of Mojisola Meranda: A Turning Point

The 49-day period of uncertainty came to an abrupt end on Monday when Mojisola Meranda, the Acting Speaker, announced her resignation during a highly charged plenary session. Her decision to step down was a dramatic moment in the ongoing saga, and it paved the way for Obasa’s reinstatement.

Meranda’s resignation marked the end of an era for her, as she returned to her role as the Deputy Speaker, a position she had previously held. In her resignation speech, Meranda emphasized the need for unity within the House, acknowledging the deep divisions that had surfaced during the crisis. Her departure was seen by some as a necessary step to allow for a fresh start, and it cleared the path for the return of Obasa to the leadership of the Assembly.

The Nomination and Swearing-In of Mudashiru Obasa

In a swift turn of events, former Majority Leader Noheem Adams took to the floor of the House, moving a motion to nominate Mudashiru Obasa as Speaker once again. The motion was seconded by Nureni Akinsanya, a key ally of Obasa. In an unexpected turn of fate, no other member came forward to challenge Obasa’s nomination, which further solidified his path to reinstatement.

The decision to reinstate Obasa was not without its detractors, but the overwhelming support from key lawmakers made it clear that the House was ready to move past the divisions of the past. Obasa was subsequently sworn in as Speaker by the Head of the Legal Department of the House, marking the end of the prolonged crisis.

Obasa’s Address: A New Beginning

In his first speech after taking the oath of office, Obasa spoke with a tone of reconciliation and resolve. He expressed deep gratitude to his colleagues for their support and promised to work closely with them to restore the integrity and functionality of the Lagos State House of Assembly. Obasa acknowledged the tumultuous period that had preceded his return and pledged to learn from the mistakes of the past.

“I am deeply grateful for the trust you have placed in me once again,” Obasa said, addressing the lawmakers. “I promise to listen to each and every one of you, to uphold the dignity of this Assembly, and to ensure that we work together for the greater good of Lagos State. I also extend my appreciation to the staff and the media for their positive representation of this House during these difficult times.”

His remarks were seen as an attempt to build bridges with the members of the Assembly, many of whom had previously expressed frustration with his leadership. The speech was also a clear indication that Obasa was aware of the challenges that lay ahead and was determined to regain the confidence of both his colleagues and the public.

The Road Ahead: Unity and Accountability

The reinstatement of Mudashiru Obasa as Speaker signals the end of a chapter in the turbulent history of the Lagos State House of Assembly. However, it also marks the beginning of a new phase, one that will require careful navigation of the political landscape. For Obasa, the road ahead will not be easy. The divisions that led to his initial removal have not fully healed, and there are still questions surrounding the allegations of financial mismanagement and misconduct.

As Obasa begins his second tenure as Speaker, it will be crucial for him to demonstrate a commitment to transparency, accountability, and collaborative leadership. The eyes of both the public and the political elite will be watching closely to see whether he can deliver on his promises of reform and unity. The challenges will be many, but the stakes are high, and Obasa’s ability to steer the House toward greater harmony will determine his legacy.

The Lagos State House of Assembly, for all its internal strife and political drama, remains a critical institution in the governance of Nigeria’s commercial capital. The resolution of this crisis, while restoring stability to the Assembly, is a reminder of the delicate balance of power, trust, and leadership that defines the political landscape in the country. As the House moves forward under Obasa’s leadership, the hope is that it can build a more cooperative, transparent, and accountable future for the people of Lagos.

As Mudashiru Obasa settles back into his role as Speaker, the expectations for his leadership are high, both from his colleagues in the Lagos State House of Assembly and from the broader public. His reinstatement signals the resolution of a crisis, but it also highlights the precarious nature of political alliances and the volatility of leadership in the region.

For many, the key question is whether Obasa can truly rebuild the fractured relationships within the Assembly. His previous tenure, which had been marked by accusations of autocracy and financial mismanagement, will undoubtedly haunt his second chance at leadership. Even though he has promised to be more inclusive and accountable, some members of the Assembly remain wary of his leadership style and his ability to balance power.

Obasa’s ability to navigate these challenges will require a careful balancing act. He will need to build consensus among the various factions within the House, while also ensuring that the core values of transparency and integrity are upheld. His actions will have to speak louder than his words—any misstep could reignite the divisions that led to the crisis in the first place.

Moreover, Obasa’s relationship with Governor Babajide Sanwo-Olu and other key political figures in the state will play a crucial role in shaping the future of the Assembly. As Speaker, Obasa will need to align with the executive arm of the state government to ensure that legislative initiatives are in harmony with the broader governance goals of Lagos. However, his reinstatement has already signaled that the political dynamics in Lagos are complex, and the loyalty of the House to the executive branch may not be as solid as it once was.

The Role of the Public and Media

Another important factor in the aftermath of Obasa’s reinstatement is the role of the public and the media. Throughout the crisis, both the public and the media played an instrumental role in shaping the narrative surrounding Obasa’s leadership and the actions of the House. With the allegations of financial impropriety and misconduct still hanging over his head, Obasa will need to work hard to rebuild public trust.

The media, which had often reported critically on Obasa’s tenure, will continue to play a significant role in holding him accountable. If Obasa fails to live up to his promises of transparency and reform, the media will undoubtedly scrutinize his actions, further complicating his political career. Public perception will be a crucial element of his success or failure as Speaker.

Read Also: Lagos Assembly names new principal officers

Additionally, public expectations of the House of Assembly are growing. Citizens of Lagos are increasingly demanding better governance, accountability, and service delivery from their elected representatives. The House is expected to pass laws that address critical issues such as infrastructure development, healthcare, education, and the economy. How Obasa manages to lead the Assembly through these pressing concerns, while maintaining unity among the lawmakers, will define his tenure.

Lessons Learned from the Crisis

The 49-day crisis has already taught valuable lessons for both the members of the Assembly and the public. First, it has underscored the importance of internal cohesion and transparency within legislative bodies. The ease with which Obasa was removed initially highlighted the vulnerability of leaders who fail to maintain the trust of their colleagues. In turn, the way the situation has been resolved—with Obasa’s return to the helm—shows that political stability can often be restored when key players are willing to negotiate and make compromises.

The crisis also served as a reminder that power within political institutions is never absolute. No matter how long a leader has held a position, the influence of other political forces—be they individual lawmakers, the public, or the media—can shift the balance of power at any moment. This fluidity requires leaders to be constantly mindful of their actions and the perceptions of those around them.

Additionally, the resignation of Meranda and the subsequent return of Obasa also highlight the importance of leadership transitions in the political landscape. Meranda’s decision to step down, while difficult, allowed for the resolution of the crisis and brought an end to a period of uncertainty. In many ways, her role in facilitating a smooth transition, despite the challenges, should not be underestimated. She demonstrated political maturity, understanding that her departure was necessary to restore order and move forward.

A Time of Reconciliation

As Obasa prepares to lead the House of Assembly once more, a period of reconciliation seems to be in the air. Some of the lawmakers who had previously called for his removal may now view the reinstatement as an opportunity for a fresh start. Obasa’s promise to listen to his colleagues and work collaboratively will be tested in the coming weeks and months. If he can successfully foster a spirit of cooperation and compromise, there is hope that the Assembly will move beyond the toxic divisions of the past and focus on serving the people of Lagos.

However, the process of healing will take time. Trust, once broken, is not easily restored. Obasa will have to work hard to demonstrate his commitment to ethical leadership and fiscal responsibility. His actions in the coming months will be scrutinized closely, and his ability to prove that he has learned from the past will be crucial to his success.

The Bigger Picture: Political Implications for Lagos and Nigeria

The saga of Obasa’s removal and reinstatement is not just a local issue confined to the walls of the Lagos State House of Assembly. It also has broader implications for the political landscape in Lagos and, by extension, Nigeria. As one of the country’s most important states, Lagos is often seen as a bellwether for national political trends. The events unfolding in the Assembly may signal a shift in how political power is exercised, both within the state and beyond.

The crisis also highlights the growing role of legislative independence in Nigerian politics. For many years, state legislatures in Nigeria have been seen as subservient to the executive branch, with governors having significant influence over the actions of lawmakers. However, the removal of Obasa demonstrates that legislative bodies can assert their authority when necessary, even against powerful political forces.

Ultimately, the resolution of the Lagos House of Assembly crisis may provide a blueprint for other states facing similar challenges. If Obasa is able to successfully navigate this turbulent period and lead the Assembly with integrity, it could serve as an example of how political institutions in Nigeria can recover from crises and emerge stronger and more unified.

Conclusion: A New Chapter in Lagos Politics

The reinstatement of Mudashiru Obasa as Speaker of the Lagos State House of Assembly marks the conclusion of a political crisis, but it also ushers in a new chapter for the Assembly and the state. The next few months will be crucial in determining whether Obasa can fulfill his promises of transparency, unity, and accountability. If he succeeds, it could set the stage for a more stable and cooperative political environment in Lagos. However, if he falters, the divisions within the Assembly may resurface, potentially leading to further political instability.

For now, the people of Lagos are watching closely, hopeful that the lessons learned from this crisis will guide the Assembly toward a brighter, more prosperous future.

Court adjourns FIRS $79.5bn suit against Binance until April 7

The Federal High Court in Abuja on Monday, adjourned the suit filed by the Federal Inland Revenue Services (FIRS) against Binance Holdings Ltd, demanding 79.5 billion US dollars over economic losses allegedly caused by its operations in Nigeria, until April 7.

The matter, which was on number 9 on the cause list, could not proceed before Justice Inyang Ekwo.

The development occured after some cases had be heard by the judge before he went on recess.

The News Agency of Nigeria (NAN) reports that the FIRS ha, in the suit marked: FHC/ABJ/CS/1444/2024, dragged Binance, Tigran Gambaryan and Nadeem Anjarwalla to court.

In the originating summons dated and filed Sept. 30, 2024, by Chief Kanu Agabi, the country’s’ tax regulatory body sought four questions for determination.

The FIRS prayed the court to determine “whether pursuant to Section 13(2) of the Companies Income Tax (CIT) Act Cap. C21, LFN, 2024 and Order (1)(a) and (c) of Companies Income Tax (Significant Economic Presence) Order 2020, the defendants are not liable to pay annual corporate income tax to the Federal Republic of Nigeria for having had significant economic presence in Nigeria from 2022 to 2023, among others.

The agency, therefore, sought nine reliefs should the court answered its questions in the affirmative.

It wants the court to declare that pursuant to all relevant laws, the defendants are liable to pay annual corporate income tax to the Federal Government for having significant economic presence in the country.

It wants the court to declare that Binance and its representatives are lliable to file their income tax to the agency for the year 2022 and 2023 respectively from the time they began to exercise significant economic presence in Nigeria.

FIRS also seeks a declaration that it is entitled, under Section 87(1) of the CIT Act Cap. C21, LFN, 2004; Sections 25(1) and 34(1) of the FIRS (Establishment) Act 2007, to recover from the defendants the cumulative sum of $2,001,000,000.00 being the amount due by way of income tax to the plaintiff from the defendants for 2022 and 2023 respectively.

It also seeks a declaration that pursuant to Section 85(1) of the CIT Act Cap. C21, LFN, 2004 and Section 32(1) of the FIRS (Establishment) Act 2007, the defendants are liable to additional payment of 10 per cent per annum on the tax due but not paid for 2022 and 2023 respectively.

The agency, therefore, sought an order mandating the defendants to pay to the plaintiff the sums of $2,001,000,000.00 for year 2022 and for 2023, being the unpaid income tax due to the plaintiff from the defendants for the year 2022 and 2023 respectively.

“An order mandating the defendants to pay to the plaintiff the 10% addition for non-payment of income tax for year 2022 and 2023 respectively.

“An order mandating the defendants to pay 26.75% interest rate being the prevailing Central Bank of Nigeria (CBN) lending interest per annum from the 1st January, 2023 and 1st January, 2024 respectively when the tax become due and payable until it is fully paid.”

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In the affidavit deposed to by Jimada Yusuf, a member, Special Investigation Team from the Office of the National Security Adviser (ONSA), he said he and other officials of FIRS and other regulatory agencies, investigated Binance’s business activities in Nigeria.

Yusuf said the Federal Government discovered that Binance had been operating in Nigeria for over six years without registration.

According to him, this was allegedly confirmed by Gambaryan and Anjarwalla during a meeting with the Securities and Exchange Commission (SEC) in 2024.

He further claimed that in a letter dated February 20, 2024, Binance admitted to having 386,256 active users from Nigeria on its platform, with a trading volume of $21.6 billion and a net revenue of $35.4 million for the calendar year 2023.

He accused Binance and its executives of multiple infractions, including offering financial services without the necessary licenses, operating without required permits, non-compliance with the money laundering Act, providing currency speculation services without proper authorisation, etc.

Yusuf averred that Binance engaged in Virtual Asset Service Provider (VASP) activities in Nigeria, providing trading and custodial services to Nigerian users without proper registration with the relevant regulatory agencies, among others.

NAN reports that the FIRS and the Economic and Financial Crimes Commission  (EFCC) are also prosecuting the cryptocurrency company in separate charges before Justice Emeka Nwite of the same court.

(NAN)

Senator Nwoko congratulates Regina Daniels on Nollywood Personality of the Year Award amid rumored marital saga

Senator Ned Nwoko has publicly congratulated his wife, Regina Daniels Nwoko, on being honoured as Nollywood Personality of the Year by The Sun Newspaper.

His heartfelt message comes amid ongoing speculation about the state of their marriage, following recent social media activity that raised eyebrows among fans.

The rumours began when Regina Daniels, a popular Nollywood actress and producer, suddenly deactivated her Instagram account, leaving her millions of followers in the dark.

After a two-week hiatus, she returned to the platform but made a noticeable change—she removed “Nwoko” from her Instagram bio, further fueling speculations of a possible rift between her and her husband.

Fans and social media users quickly speculated about potential marital issues, with many questioning if the couple was facing challenges behind closed doors. However, Ned Nwoko’s recent public show of support and admiration for his wife appears to dismiss the rumors, suggesting that all is well between them.

However, taking to social media, the billionaire politician and philanthropist expressed his pride in Regina’s achievements, highlighting her dedication and influence in Nollywood.

He wrote: “Congratulations, Regina Daniels. A big congratulations to my dear wife, Regina Daniels, for being honored as The Sun Newspaper’s Nollywood Personality of the Year!

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“Your dedication, talent, and passion for the industry continue to set you apart. This recognition is a testament to your hard work and the impact you’ve made in Nollywood. I am incredibly proud of you and excited for all the greatness ahead. Keep soaring, my love! The sky is just the starting point.”

The message has since gone viral, with many interpreting it as a strong declaration of unity and support for Regina. Fans of the actress have also flooded her social media pages with congratulatory messages, while some remain curious about the real state of their relationship.

Regina Daniels, who began her acting career as a child star, has grown into one of Nollywood’s most influential figures, often using her platform to advocate for young women and social causes. Her latest recognition by The Sun Newspaper further cements her status as a powerhouse in the Nigerian entertainment industry.

Despite the ongoing rumours, the couple has not publicly addressed any marital issues, leaving fans to speculate whether the Instagram bio change was simply a personal decision or something more.

For now, Ned Nwoko’s glowing tribute to his wife suggests that their marriage remains intact, and Regina Daniels continues to soar in her flourishing career.