National sabotage: No plans to convert domiciliary accounts to Naira says CBN - ITREALMS

ITREALMS ... making leadership SENSE with digital news!

The Central Bank of Nigeria (CBN) has refuted media report that it plans to convert domiciliary account holdings in the country into Naira, describing it as national sabotage, reports ITREALMS.

CBN in a press statement, Saturday made available to ITREALMS and signed by the acting Director, Corporate Communications, Mrs. Sidi-Ali, Hakama, said that their attention has been brought to a story published by a national newspaper alleging that the Federal Government is considering converting $30bn domiciliary deposits to Naira.

VAT vs Sharia Hisbah: Wike lambasts northern governors, 'Convert political population to IGR' - ITREALMS

ITREALMS ... making leadership SENSE with digital news!

The Executive Governor of Rivers State, Chief Nyesom Wike, has lambasted his northern counterparts, especially those who destroy beer in the name of Sharia and turn around, go to Abuja monthly to collect their shares in the Value Added Tax (VAT) made from the same product in the south, reports ITREALMS.

Governor Nyemson Wike

Speaking during a statewide broadcast after the Federal Inland Revenue Service (FIRS) failed to secure a stay-of-execution to stop Rivers from collecting VAT from businesses in the state, Mr. Wike hinted his victory would affect states’ with low revenue.