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Nigeria

Reps panel moves to cut budget funds for 22 defaulting agencies

The House of Representatives Committee on Public Accounts has asked that 22 federal ministries, departments and agencies be removed from the 2026 budget over alleged refusal to account for public funds. Chairman Bamidele Salam said the affected institutions repeatedly ignored audit queries and legislative summons covering the 2020, 2021 and 2022 financial years.​ Agencies named include the Nigerian Meteorological Agency, Federal Housing Authority, Standards Organisation of Nigeria, National Insurance Commission, National Business and Technical Examinations Board and the Corporate Affairs Commission. Others are the Federal Ministry of Housing and Urban Development, Ministry of Women Affairs, Council for the Regulation of Freight Forwarding in Nigeria, FCT Secondary Education Board, several federal universities, polytechnics, colleges and federal medical centres.​ Salam said the MDAs failed to submit audited accounts for between three and five years and did not provide key financial records despite […]

Abdulmumini Auwal SA February 13, 2026

Nigeria

Reps Warn Vendors Against Using Toxic Chemicals in Frozen Foods

The House of Representatives has resolved to investigate the alleged use of toxic and cancer-causing chemicals to preserve frozen foods sold in Nigerian markets. The decision followed the adoption of a motion sponsored by Hon. Deacon Chike Okafor (APC, Imo) during plenary, titled “Need to Investigate the Alleged Use of Harmful Chemicals as Preservatives for Frozen Foods in Nigeria.” Presenting the motion, Okafor expressed concern over reports that some vendors use industrial and embalming substances such as formalin, sodium hydroxide, and carbide to preserve perishable food items like fish, meat, prawns, and shrimps. He warned that these chemicals pose serious health risks, including cancer, organ damage, and developmental disorders in children, citing findings from health experts and regulatory agencies. The lawmaker also raised alarm over reports that some imported frozen foods and fast-food chains use unsafe additives such as Dimethylpolysiloxane […]

Abdulmumini Auwal SA October 22, 2025

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Nigeria

Nigeria Launches Landmark ISO Standard to Bolster Anti-Fraud Framework

Nigeria has unveiled a groundbreaking anti-fraud framework with the official launch of the ISO 37003:2025 Fraud Control Management Systems standard, in partnership with the British Standards Institution (BSI). The landmark initiative, coordinated by the Standards Organisation of Nigeria (SON), was launched in Abuja by the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, represented by Jachinma Agu, deputy director of reforms. Oduwole described the standard as more than just another regulation, but a “collective resolve to shield Nigeria’s economy from fraud — a hidden tax on development.” “Fraud increases the cost of doing business, erodes investor confidence, stifles innovation, and undermines public trust,” she said. According to the minister, ISO 37003:2025 equips organisations to identify fraud risks, apply proportionate controls, detect illicit activities, and respond swiftly to incidents. She urged both government agencies and private firms to adopt the […]

Abdulmumini Auwal SA October 1, 2025

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Nigeria

Nigeria Gains Global Recognition for Tax-ID

Nigeria has achieved a significant milestone in its digital trade transformation with the global registration of its Tax Identification Number (Tax-ID) and the approval of the Federal Inland Revenue Service (FIRS) as the country’s official Peppol Authority. The achievement, supported by the Standards Organisation of Nigeria (SON), registers Nigeria’s Tax-ID under the ISO/IEC 6523 International Coding System, granting Nigerian individuals and businesses recognition in cross-border transactions. Peppol—a globally accepted framework for the secure and standardised exchange of electronic documents—is widely used in Europe, Asia, and Australia. With FIRS as Nigeria’s Peppol Authority, local businesses can now connect seamlessly to this international network, ensuring faster payments, reduced administrative costs, and improved competitiveness. According to FIRS, the move will simplify compliance for taxpayers while boosting investor confidence. “This milestone simplifies compliance for taxpayers, enables smoother cross-border transactions, and strengthens confidence in Nigeria […]

Abdulmumini Auwal SA September 29, 2025

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