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Voice of Emancipation

Voice of Emancipation: Nigeria’s Stealth Tax on its Diaspora

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By Kayode Emola

When the previous Buhari administration imposed a levy on monies received in our account in Nigeria, many people would have thought it was just a small amount that could be overlooked. Little did we know that this would be a new avenue for the government of Nigeria to impose more levies and taxes on its citizens both at home and in the diaspora who operate a bank account in Nigeria.

Just recently this week, the Central Bank of Nigeria (CBN) imposed another levy on bank users in Nigeria dubbed cybersecurity levy on all transfers into any bank in Nigeria. The question is, what on earth has come on the Nigerian government? That has resulted in using the Nigerian banks as a means of stalking its population for one form of revenue or the other.

The same population are paying stamp duty on any money received in their accounts despite no evidence of goods and services exchanged other than the transfer of funds from one bank account to another. Other charges include the Nigerian Inter-Bank Settlement system (NIBSS) charge, Value Added Tax (VAT), maintenance fee and SMS charges. Yet again, there is this new levy that goes to the Office of the National Security Adviser. This is on top of all the heavy budget made annually for security that goes down the drain of the various state government coffers.

The worst of all this is that, if you ever fall a victim of financial crime as a customer of the Nigeria bank, there is little to no help in recovering your lost funds. One could go to the bank branches for days un-end without refund. So, it is not clear what this new levy on cybersecurity aims to tackle in our security architecture.

Simply put, the Nigerian government has failed in its primary duty, which is to protect the lives and property of its citizen. It has now resulted in yet another sham program of extorting money from the poor citizens who have nothing left to give to the government order than their own very existence.

We all know that at least 50 percent of the population living in Nigeria especially those in the villages and many in the core North are unbanked. Where does that leave them in this grand scheme of things from the federal government of Nigeria. Will they be exempted from this tax? If not, how is it fair that a section of the population should be levied and the others that decides not to are left out. Afterall, the data to be protected such as people’s identity covers all Nigerians.

With all the talk of a cashless society, this policy is one that will surely make the people transact less through the banks and result in the traditional hand to hand cash transaction. It appears that the government wants to take all our hard-earned money through taxes by any means necessary. If the government will continue to charge people arbitrary for using the banks to do their daily transaction, then they will discourage people from nearing the banks and force more pressure on the naira in circulation.

It seems this heavy tariff is meant to punish the majority of us in the diaspora who help to prop up the Nigerian economy all in the name of helping our loved ones back home. Before 2005, the diaspora remittance was less than $1bn. However, just last year alone, the Nigerian economy was boosted to the tune of $25bn by the diaspora remittance. Which makes me believe that the Nigeria economy is living off the back of its diaspora majority of whom are the Yoruba people.

The Nigerian government revenue forecast for 2023 was pegged at ₦9.73 trillion (equi $8.45bn) and an expenditure budget of ₦20.51 trillion (equi $18.65bn) was proposed by the Buhari administration leaving the country with a deficit of ₦10.78 trillion (equi $9.8bn). With this sums it shows that the Nigeria government is living far beyond its means and would one way or another seek to generate the deficit from our diasporan remittance.

The more we continue to send our hard-earned money, the more tax the Nigerian government will continue to impose on us all in the name of combatting security threat. Except we stand up now to stamp it out once and for all. The Nigerian government is definitely not ready to fight any cybercrime as they claim as they still carry out many governments work using public domain emails like google and yahoo. That to me seems like a misplaced priority in the face of heavy stealing by government officials.

Therefore, the most effective way to fight this criminality by the Nigerian government is to permanently remove our Yoruba nation from this unworkable union called Nigeria. The interim actions we can take will be to stop diasporan remittance to Nigeria in protest for one month so that the government can see that they can’t keep imposing levy on our hard-earned money arbitrarily.

I believe that if Nigeria needs to generate money to fight cyber insecurity, it should start with a full probe of all the immediate past governors, senators, and any high- and low-ranking politician that has access to the national treasury. They should look through all their transactions; both personal and public money to trace any abnormal payments. If they do this, they may be able to trace all the funds for public infrastructure such as roads, schools, hospitals and so on, that have been diverted into personal use and sent to safe havens.

Maybe a recovery of those funds would help the Nigeria government generate a lot of funds to fight the cyber insecurity threat. Afterall, we are yet to account for the over ₦80 billion the former Governor of Kogi State Yahaya Bello is alleged to have stolen. The former CBN governor Emefiele is still in detention for huge amount of money himself and his cronies stole or diverted from the treasury and I am sure there are many more like these broad day criminals turned politicians.

If the Nigerian government must make any headway, the immunity clause must be removed from the constitution and any serving government or public official found wanting of corruption should be made to face the wrath of the law rather than hiding under the shadow of immunity. If not, the Nigerian government will continue to go round in circles about how to generate revenue for its heavy budget of deceit.

Any Yoruba person still deceiving themselves that there is a future in Nigeria is only doing a disservice to our Yoruba nation. Many of us who find it difficult to contribute even a token as low as $1/month to fight for our self-determination will find themselves paying this and many more stealth taxes in their thousands of dollars to the Nigerian government they so desire to retain.

Nigeria is not going to change; it will continue to ask for more even though it has nothing else other than pain and grief to offer our loved ones back home. It is we who need to understand that the time has come for us to exit this failed union as quickly as possible.

The Yoruba has no business in Nigeria and the earlier we exit, the better it will be for us. Many of us are running abroad for safe haven and living in fool’s paradise of comfort. We forget that without a homeland, even the outsider we are currently squatting with will not respect us.

Therefore, it is pertinent that we strive to push ourselves forward so that exit this mess in order to create for ourselves a future and a hope. Many of our kinsmen and women at home are in serious pain and agony. They want a way of escape from poverty, and the only way we can help them is by helping to birth our independent Yoruba nation; one where freedom and justice shall reign.

I urge us all to join the movement for establishing our independent sovereign Yoruba nation. It is the only vehicle that is capable of bringing about the desired result. It is therefore not wise to ignore the boat that guarantees us safety and a brighter future for the Yoruba person rather than continue in this failed experiment called Nigeria.

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Voice of Emancipation

Voice of Emancipation: Implications of President Trump’s Christmas Day Bombing

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By Kayode Emola

For the first time in 10 years, Christians in Nigeria celebrated the 2025 Christmas without experiencing attack on churches or Christian worshippers. Although the anxiety was there, and many churches were told not to open for gatherings around that period, it still felt as if something big would happen anyway.

Indeed, something big did happen and it was loud even to the deaf, but the consequences of that singular action may last for a lifetime. This time around, it was the terrorists’ themselves that were being attacked and not innocent people in the communities. Few days ago, President Trump stated in a TV interview with FOX News that the US had bomb Nigeria once and if necessary, there will be many bombs if Christians continues to be killed.

I do not believe that bomb alone can solve this problem, and if the US continues to throw bombs on Nigerian soil without truly delving into the root causes of insecurity in Nigeria, then the US would create a greater problem than they met. The problem of insecurity in Nigeria is not just banditry and terrorism on innocent villagers, it is an agelong jihad that has spread its wing into several aspect of the society.

For instance, the US army’s bombed terrorist’s hideout in Tangaza area of Sokoto state which is less than 50km to the Nigeria/Niger Republic porous border. What that could lead to is the terrorists gaining support from their brothers in Niger republic and other parts of the Sahelian countries to terrorise the villagers in those communities.

The second possibility is that the terrorists will start migrating southwards to finally conclude their jihadi conquest mission for the Caliphate. In either scenario, we Southerners who may have been shielded by the Rivers’ Niger and Benue may become vulnerable to frequent attacks.

The US Christmas day bombing of the Lakurawa vigilante group (now metamorphosed into a full-blown terrorist group) may give the group more sympathy among its people. This could therefore solidify their presence in the area granting them legitimacy they highly desire. They could use this newly acquired position to portray themselves as the protectors of the communities against government aggression, thereby controlling vast amounts of lands for themselves.

As for us Yoruba and other nationalities in Nigeria, this is the time to speak out loudly and clearly to the world without mincing words. Our political leaders have failed to do the needful by protecting the lives and properties of the people, therefore it is time for us to take decisive actions.

This is not the time to merry go-round about our security; it is the time to become resolute in our resolve to solve the insecurity problem once and for all. We like the Israelis faced multiple threats from the Iranian regime, Hamas group, Hezbollah and the Houthi government in Yemen.

The Israelis did not fold their hands hoping for the day God will come down to help them defeat their enemies. They took affirmative action in going after the terrorists’ groups that were after their lives and properties. With the decisive defeat of the Hamas group, the Hezbollah and the Iranian regime, Israel can now breathe to a sigh of relief for many years to come.

I urge our Yoruba people to begin to organise themselves into formidable groups that can repel this terrorists’ groups invading our lands. We need to understand that President Trump’s Christmas day bombing of Sokoto however good that it is, has opened a pandora box. We either get the job done once and for all or live the rest of our lives as a conquered slave if we do not act, God forbid.

This is the time for affirmative action just like the Israelis did following the Oct 7th, 2023, attack by Hamas. We need not think that the Christmas day bombing of the terrorists by the US and the promise of continuous bombing by President Trump will bring lasting solution especially if the US is not prepared to put boots on the ground to finish what they started.

The US will need to decide for themselves how they want to carry out their own campaign. However, if our government officials fail to protect the lives and properties of our people, then communities have a moral responsibility to start forming local vigilante groups that would defend their lands and livelihood. A word is enough for the wise.

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Voice of Emancipation

Voice of Emancipation: After Venezuela, Which Country is Next?

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By Kayode Emola

On 14th December 2025, I wrote in my weekly column of the Boss Newspaper that Nicolas Maduro is a goner; in case you missed that article, here is the link (https://thebossnewspapers.com/2025/12/14/voice-of-emancipation-nicolas-maduro-is-a-goner/) for a re-read. Exactly 3 weeks later, he’s in the custody of the Drug Enforcement Administration in New York.

For Nicolas Maduro, the US military presence in the Caribbean Sea felt like theatrics, and he even brandished a sword he intended to use in stopping the US war machines. However, when reality dawned on him, not even his heavily guarded presidential palace could save him.

There is no doubt that the actions of President Trump have created a lot of stir in the international community. Some have spoken in favour of his decisive actions, while others are in awe at what has just happened. The one thing I know is that after a few days, the dust will settle and everyone will move on.

However, if I were President Tinubu, I would begin to see the handwriting on the wall very clearly. The actions of the US in Venezuela should be seen by President Tinubu as a troubling sign of things to come. Likewise, the Ayatollah of Iran, who always thinks he can rule his people with impunity. The days of brutal dictatorship are over in so far as President Trump is concerned, especially when it comes to American interests.

Some people may see the events in Venezuela as a sign that the US may or may not come to Nigeria. Let me burst their bubble by saying the US is coming to Nigeria, and they are coming with fire and fury.

Why did I know that the US is coming to Nigeria? It is not because I engage with this present US administration, but because I know that the radical Islamic terrorists terrorising Nigeria are hellbent on creating unspeakable havoc. Just 5 days ago, on 31st December 2025, Boko Haram terrorists invaded the villages of Zah, Mubang Yadul, and Kijing, all in Hong Local Government Area of Adamawa state, killing at least 12 persons.

Their message was clear to the villagers: convert to Islam or get ready to die. In a country like Nigeria, where persecution of Christians in Northern Nigeria has become a norm, I don’t believe the US will stand idly by and watch.

In the same vein, terrorists invaded the Owo Local Government of Ondo State, Southwestern Nigeria and burnt down a police station with no repercussions. It is not the burning of the Police Station in Owo local government or the killing of villagers in Hong local government that bothers me the most. It is the fact that there was no security, either from the police or the military, that could repel these terrorists during their attack or even shortly after the attack had taken place.

It simply shows that there is a breakdown of law and order in Nigeria if terrorists can just run riot as they wish, destroying lives and properties, and the government seems helpless. The connotation that the Nigerian government cannot fight insecurity is a misleading one. Nigeria has all it takes to fight terrorism; what it lacks is the appetite to fight insecurity.

Tinubu had better get a grip on the situation before he ends up like Nicolas Maduro in chains to the US to face criminal charges. If he does not have the appetite to fight insecurity, he had better leave the stage quietly while there is still the opportunity. Nicolas Maduro was offered a safe passage to any country of his choice, but he refused; now he is going to face the full wrath of the American justice system.

President Tinubu has been warned severally by the US government to get a grip on insecurity in Nigeria; however, he still treats the situation of terrorism with kid gloves. If he thinks that President Trump forgot about Nigeria, then he should think again. The US President only took a break to deal with the situation in Venezuela.

Now that the situation in Venezuela has been fully dealt with and under control, Nigeria is the next stop for President Trump. Except if things escalate in Iran, in which case President Trump will quickly remove the Ayatollahs and then return to his original plans of dealing with the situation in Nigeria.

Nigeria is a very strategic asset to the US, and they cannot afford to let it slip away from their grip. The US has written countless documents on the importance of Nigeria to their foreign policy and global influence. The matter is of national importance to the US, and they are not going to keep quiet about it.

As for us, the Yoruba people, the choice is simple: get the hell out of Nigeria before the ship sinks or sink with Nigeria when the Americans come. The obvious choice is simple: get out while we can. Our docility is fuelling the government’s incompetence, as our silence is provoking the government to inaction.

We are afraid to speak out and to take the necessary actions for our liberation because of our own foolishness. We had hoped that things under President Tinubu would improve; however, it has only gotten worse. The only option for us now is to get out of Nigeria; otherwise, we should be ready to be colonised by the US. If you doubt it, watch how the US is going to govern Venezuela as its 51st State, which will give it a foothold in South America.

Trump has already said the US will govern Venezuela, and he’s not backing down. He is going to appoint a sole administrator who will report directly to him. How long that arrangement will last is anyone’s guess.

Therefore, if we don’t want to go down with Nigeria and with President Tinubu, Yoruba and every indigenous nation in Nigeria should do the needful by demanding their self-determination. That is the only true way that we can escape the wrath of the US that is coming. A stitch in time saves nine; let us speak out and act now to save ourselves the embarrassment of another colonisation.

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Voice of Emancipation

Voice of Emancipation: Tinubu’s Tax Regime

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By Kayode Emola

As we move closer to 2026, one thing that will be on the minds of many Nigerians is the new tax regime of President Tinubu coming into effect on 1st January 2026. Many people are wondering how this is going to affect their personal finances; is the government going to come into their bank accounts to seize their hard-earned money, especially if they cannot prove the source?

Some are wondering, haven’t we already been taxed enough? What else are they looking for that they haven’t already got? I have deliberately stayed away from this topic for some time, but I believe it is prudent to shed some light on what is really happening, especially as its implementation is imminent.

Tinubu has travelled to many countries and has seen how many developed economies work. Most countries survive mainly on taxation, but taxes without accountability would not bring the desired change or development in the country. So, I believe that the new tax regime brings a tangible positive impact on the people of the country, as claimed by the government.

Let’s even ask ourselves what the term tax refers to. Tax is a mandatory financial charge imposed by the government of a country on individuals’ income, companies’ profits, or the cost of goods and services.

If tax is the mandatory financial charge on an individual’s income or a company’s profit, etc, how come the Nigerian government is just waking up to realise that Nigerians are not properly taxed? First, many Nigerians are being taxed through their employment, and many big businesses are also being taxed. The only problem with Nigeria is that we do things haphazardly, which makes for ineffective results.

Tinubu’s proposed tax regime is going to experience a lot of hiccups and not necessarily achieve the desired results it was intended to achieve. Not because the government does not have genuine intentions but because the Nigerian government is working in reverse when it comes to taxation.

In many progressive countries, there is less bureaucracy in setting up a company. Once your company is set up, you are automatically given a unique tax reference number, which you can use to open a bank account and start transactions. When we are talking about progressive countries, I don’t mean the likes of the USA, Canada, UK, Norway etc. I am talking about countries in Africa, like Rwanda, where it takes just about 6 hours to open a company and get set up for business.

In fact, you can open a company on your way to Rwanda, and your company will be ready to go before you get there. This little bottleneck makes it easier to get set up in a place like Rwanda and many other progressive countries compared to a country like Nigeria, where it takes forever to set up a company. Even after opening your company in Nigeria, it could take you forever to get set up for banking transactions, let alone getting your business.

The bottom line here is that it is not that Nigerians don’t want to pay tax but the bureaucracy in setting up a business makes it difficult to get set up and registered for tax purposes. For a country that has less people in paid employment, the government would need to make it easier for people to set up a company so that people can actually run their business through a limited company for proper accountability.

Secondly, over 70 percent of Nigerians live in abject poverty, so when the government is talking about taxing the people, it feels more like asking the people to make straws with their hands. How can you tax someone who literally don’t have anything to give? The majority of the people live on less than $2/day, and most of them don’t even have a bank account. How then does the government expect to tax them?

In 2021, the government imposed various forms of charges on personal and business bank accounts. The aim was to generate revenue for the government, and it was hailed as a panacea for development as the government had hoped to raise a lot of revenue this way. Fast forward 5 years, and the government is planning to abolish it and introduce direct taxation instead, thinking it can raise more money.

The truth is that most developed countries like Britain, which raises over 70 percent of its income through taxation, do so through the pay-as-you-earn (PAYE) system. This is the most effective way to collect taxes for the state and generate the needed revenue for development. In the case of Nigeria, many people are not in paid employment; therefore, I don’t think the government will generate as much as it has hoped for.

This means that the newly introduced tax regime is just another government exercise and whether it succeed or fails remains to be seen, depending on how it is implemented. How can the pepper seller or the groundnut seller in the market pay their tax. These small traders are merely survivors who live on their daily income and have nothing left for their day-to-day essentials.

For those who are confused about the Nigeria tax reform, I will advise them to get for themselves the gazetted copy through this link C:\Users\Computer Section\Deskt. I believe most of the questions regarding the Nigeria Tax Act 2025 can be found here.

As we move forward to January 2026, I will use this opportunity to wish our people a happy new year and hope that the Tinubu tax regime makes their lives better. I sincerely hope that the government is not, in all sincerity, trying to introduce stealth taxes on our already impoverished people.

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