Oyedele: Tinubu Lacks Power to Suspend New Tax Laws, Warns of Legal and Financial Implications
Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy Tax Reform, stated that Bola Tinubu, a prominent political figure, does not possess the constitutional power to suspend recently passed tax laws in Nigeria. Oyedele emphasized that the President alone cannot unilaterally halt the operation of laws passed by the National Assembly and officially gazetted.
He highlighted concerns about the legal and financial implications of suspending tax laws, warning of potential confusion and issues related to revenue collection and refunds. Oyedele's remarks come amidst calls for the federal government to reconsider the implementation of the controversial tax laws.
Plus234Feed summary based on reporting from Politics Nigeria. Read the original report below.
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