Economy

FG dragged to court over January 1 take-off of new tax laws

The Federal Government has been dragged before a High Court of Justice of the Federal Capital Territory (FCT) over the January 1, 2026, planned take-off of the new tax laws.

The plaintiffs in the suit, Incorporated Trustees of African Initiative for Abuse Public Trustees, were praying the court for an order to stop the planned implementation of the laws pending the hearing and determination of the suit.

Respondents in the suit were the Federal Republic of Nigeria, President of the Federal Republic of Nigeria, Attorney General of the Federation and the President of the Senate.

Other defendants were the Speaker of the House of Representatives and National Assembly Management.

In a Motion Exparte before the court, the plaintiffs were seeking an order of interim injunction pending restraining the federal government from going ahead with the implementation of the new laws pending the hearing and determination of the substantive suit.

The plaintiffs further prayed for an or- der directing accelerated hearing and determination of the substantive suit.

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