The United Arab Emirates (UAE) announced on Monday its decision to implement a 15% corporate tax rate starting January 2025, aligning with the global minimum tax framework led by the Organisation for Economic Cooperation and Development (OECD). “This strategic step reflects the UAE’s commitment to adopting the OECD’s two-pillar solution, which aims to establish a…
By Ayomide Otitoju The Chief Magistrate Court in Ado-Ekiti, the capital of Ekiti State, on Monday resumed proceedings in a defamation case filed by legal luminary Afe Babalola (SAN) against Lagos-based human rights lawyer and activist Dele Farotimi. The case stems from allegations by Babalola that Farotimi’s 104-page book, Nigeria and Its Criminal Justice, contains…
By Ayomide Otitoju The Lagos State Special Offences Court in Ikeja has scheduled December 12 for the hearing of an application by former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, contesting the court’s jurisdiction to try him. Justice Rahman Oshodi fixed the date following a directive from the Court of Appeal, which overturned his…
By Ayomide Otitoju Form Dalyop Chollom, a member of the House of Representatives representing Barkin Ladi/Riyom Federal Constituency, has defected from the Labour Party (LP) to the ruling All Progressives Congress (APC). His defection was announced during Tuesday’s plenary session after Speaker Tajudeen Abbas read Chollom’s resignation letter. Citing the ongoing political crisis within the…
By Ayomide Otitoju Peter Obi’s recent visit to Dr. Dele Farotimi at the Ekiti prison, along with his meeting with legal giant Aare Afe Babalola, has drawn attention to his unwavering commitment to his friends and supporters. Obi’s gesture speaks volumes about his loyalty, offering a clear demonstration of the kind of friend he is—one…
By Ayomide Otitoju The Federal Capital Territory (FCT) High Court in Abuja has ordered the remand of Yahaya Bello, the immediate past Governor of Kogi State, at Kuje Correctional Centre pending the determination of his bail application. Justice Maryann Anenih issued the ruling on Tuesday, adjourning the N110 billion money laundering case brought against Bello…
South Korean authorities imposed travel bans on additional top officials on Tuesday, deepening the fallout from President Yoon Suk Yeol’s failed attempt to impose martial law, according to Yonhap News Agency. The bans, which now include Korean National Police Agency Commissioner General Cho Ji-ho and two other senior police officials, come a day after Yoon…
By Ayomide Otitoju A Federal High Court sitting in Ado-Ekiti, Ekiti State, has granted bail to human rights activist and legal practitioner, Dele Farotimi, following his arraignment on charges of criminal defamation. Justice Ayo Emmanuel granted Farotimi bail on Monday with conditions, including a ₦50 million bond and a surety of equal value. The surety…
A rare Roman coin bearing the portrait of Brutus, one of Julius Caesar’s assassins, has sold for €1.98 million at an auction in Geneva, according to Numismatica Genevensis, the event’s organizer. The coin, minted between 43 and 42 BC, was acquired by a European collector after intense bidding involving eight online participants. The final price…
