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Senate considers bill to prohibit ransom payment to kidnappers

…proposes 15 years imprisonment for defaulters
The Senate on Wednesday considered a bill that seeks to prohibit the payment and receipt of ransom for the release of any person kidnapped, imprisoned or wrongfully confined.
The Terrorism Prevention (Amendment) Bill, 2021, which scaled second reading during plenary is sponsored by Senator Ezenwa Francis Onyewuchi.
Leading debate on the bill, the lawmaker said the piece of legislation seeks to amend the Terrorism (Prevention) Act, 2013 to outlaw the payment of ransom to abductors, kidnappers and terrorists for the release of any person who has been wrongfully confined, imprisoned or kidnapped.
According to Onyewuchi, the bill essentially seeks to substitute for section 14 of the Principal Act a new section to read: “Anyone who transfers funds, makes payment or colludes with an abductor, kidnapper or terrorist to receive any ransom for the release of any person who has been wrongfully confined, imprisoned or kidnapped is guilty of a felony and is liable on conviction to a term of imprisonment of not less than 15 years.”
He raised alarm that Kidnapping has become a fast and lucrative business, adding that, “it has now remained the most virulent form of banditry in Nigeria and the most pervasive and intractable violent crime in the country.”
Attributing the spate of kidnappings in the country to factors such as corruption, unemployment, poverty and connivance of security agents, Onyewuchi lamented that the frequency at which persons are kidnapped daily puts most Nigerians at risk.
“Kidnapping is on the increase in Nigeria and it is prevalent across all the geopolitical zones.
“Some blame the rise of this criminal activity on poverty, religion, politics, deficiency of existing laws, unemployment, connivance of security agents, corruption, and greed among others.
“Our unemployed youths are also turning out to kidnapping to get money (ransom) as a survival strategy.
“Whatever the reason, it is most obvious that kidnapping in Nigeria puts everyone at risk, the rich and the poor, old and young, male and female, foreigner or indigene, expatriate or non-expatriate, traditional rulers and religious leaders, among others” he said.
Citing a report compiled by the Financial Times and the USA Global Risk Consultancy in November, 2019, the lawmaker noted that Nigeria has the highest rate of kidnaps for ransom of both locals and foreigners in all of Africa with kidnappers operating in each of its 36 states.
According to him, “the reason behind payments of ransom is rooted on the fact that people easily identify with individual suffering.
“However, History has shown that even where ransom is proven to have been paid, the life or safe return of a kidnap victim may not be guaranteed.”
He observed that countries like the USA and the United Kingdom do not support payment of ransoms to kidnappers.
“Payments of terrorist ransoms is illegal under the UK Terrorism Act 2000 while the USA adheres to a strict No-Concessions policy on the payment of ransom”, Onyewuchi pointed.
He advised that, “the continuous payment of ransom must not be encouraged, in addition government should provide adequate security and strengthen the economy as a matter of urgency, accelerate its poverty alleviation programs, provide employment opportunities targeting youths who are mostly involved in abductions and kidnappings, strengthen our law enforcement agencies, and provide the necessary support to end the menace of kidnapping.”
The Terrorism Prevention (Amendment) Bill, 2021, after scaling second reading, was referred by the Senate President, Ahmad Lawan, to the Committee on Judiciary, Human Rights and Legal Matters for further legislative work.
The Committee which is chaired by Senator Michael Opeyemi Bamidele is expected to report back in four weeks.
Meanwhile, two separate bills seeking to establish the Federal University of Science and Technology, Lau, Taraba State, and to amend the Federal Universities of Technology Act 2004 also passed second reading on Wednesday.
The bills are sponsored by Senators Shuaibu Isa (Taraba North), and Oyelola Yisa Ashiru.
Both bills were referred by the Senate President to the Committee on Tertiary Institutions and TETFUND for further work.
The Committee was also given four weeks to turn in its report to the Senate.
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SANWO-OLU ASSURES LAGOSIANS OF ECONOMIC SUSTAINABILITY

Governor Babajide Olusola Sanwo-Olu has assured Lagosians that the State will continue to sustain its enviable status as the fifth largest economy in Africa and also achieve its vision to become Africa’s model megacity as well as a global economic and financial hub that is safe, secure, functional and productive.
Sanwo-Olu gave the assurance at the Year 2022 edition of the Punuka Annual Lecture with the theme:
“Taxation of the Digital Economy: The Challenges and Prospects for the Nigerian Economy”, held recently at Metropolitan Club, Victoria Island.
Governor Sanwo-Olu, represented by the
Commissioner for Finance, Dr. Rabiu Olowo, reaffirmed Lagos State’s commitment to improving the ease of doing business through the development of Small and Medium Scale Enterprises (SMEs) and ensuring overall prosperity for every citizen.
He averred that the Lagos State Government will continuously seek ways of improving revenue generation through a tax system that is modern, efficient and effective, noting that it is in this regard that the present administration considers the lecture timely and relevant.
Sanwo-Olu said the State faces major challenges in taxing income/profit accruing from e-commerce and digital activities as the transactions more often than not transcend borders, while the contracting entities usually do not have a fixed base (tax residence rule) in the State.
Explaining that the trend has made it difficult to trace, track and establish taxing rights over the huge profits made by multinational enterprises and individuals, the Governor said the inability to garner the requisite tax income from such e-commerce businesses is detrimental to revenue collection/generation.
According to him, the emerging trend requires laws to regulate their operations, just as monitoring will also help to establish the economic presence of these entities for tax purposes.
Mr. Governor reiterated that the State is always open to ideas, strategies and ways to effectively and comprehensively improve tax administration processes and procedures in line with emerging trends in the digital economy towards maximising its revenue generation capacity.
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EndSars: Osun govt compensates Police brutality victims, presents cheques of N53,290,000.00
