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The Nigerian Bar Association (NBA) has expressed its concerns regarding the controversies surrounding the recently enacted Tax Reform Acts, warning that these issues significantly undermine the integrity and transparency of Nigeria’s lawmaking process.

In a statement released on Tuesday, NBA President Mazi Afam Osigwe, SAN, indicated that these developments threaten the sanctity of constitutional governance and diminish confidence in the legislative process that led to the creation of these laws.

Osigwe called for a thorough, open, and transparent investigation into the circumstances surrounding the passage of the Tax Reform Acts, emphasizing that such an inquiry is essential to restore public trust in the National Assembly.

The NBA also urged the relevant authorities to immediately halt the implementation of the Tax Reform Acts pending the investigation's outcome.

“The Nigerian Bar Association (@NigBarAssoc) believes it is crucial that a thorough, open, and transparent investigation be conducted to clarify the circumstances surrounding the enactment of the laws and to restore public confidence in the legislative process. Until these issues are completely examined and resolved, all plans for the implementation of the Tax Reform Acts should be immediately suspended,” part of the statement read.

The association noted that the legal and policy uncertainties arising from the controversy could have significant repercussions, including disruption of the business environment, a decline in investor confidence, and unpredictability for individuals and corporate entities required to comply with the laws.

The NBA cautioned that such uncertainty is detrimental to economic stability and incompatible with the rule of law.

What are the concerns raised by the Nigerian Bar Association regarding the Tax Reform Acts?

The NBA has raised concerns about the integrity and transparency of Nigeria’s lawmaking process, stating that the controversies surrounding the Tax Reform Acts undermine public trust in the legislative procedure.

What action is the NBA calling for regarding the Tax Reform Acts?

The NBA is calling for a comprehensive, open, and transparent investigation into the circumstances surrounding the passage of the Tax Reform Acts and urges the immediate suspension of their implementation until the investigation is concluded.

What potential consequences does the NBA foresee from the current uncertainty?

The NBA warns that the legal and policy uncertainty could lead to disruptions in the business environment, a decrease in investor confidence, and unpredictability for compliance among individuals and corporate entities.

Eze Chidiebere Paul

Eze Chidiebere Paul

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