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Fidelity Bank, Andersen hold tax forum to sensitise customers

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Fidelity Bank Plc, in partnership with Andersen Tax Nigeria has embarked on a sensitisation programme aimed at enlightening the bank’s customers, including its High Net worth Individual (HNIs) clientele on changing trends in Nigeria’s tax landscape. The Bank’s Divisional Head, Private Banking, Mrs. Chioma Nwankwo, who spoke at a recent tax advisory forum organised by Fidelity Bank said it was designed specifically to educate customers on the current tax system and its attendant impact on their businesses and financial wellbeing.

“In view of the fast approaching Federal Government’s Voluntary Assets and Income Declaration Scheme (VAIDS) deadline and the lack of preparedness of taxable Nigerian citizens, Fidelity decided to partner with Andersen Tax to enlighten customers on what is taxable and other related tax issues, including consequences of missing the deadline as stipulated by government,” said Nwankwo.

Nwankwo pointed out that the bank organised two streams for customers from branches within the Lagos and South-West region, whilst another session was held exclusively for the Bank’s HNIs.

Speaking at the Forum, Senior Manager, Private Clients/Family Wealth, Andersen Tax, Mr. Israel Koledowo advised customers to conduct tax health checks to ascertain their financial status and minimise potential risks associated with noncompliance with tax requirements. Whilst restating Federal Government’s resolve to clamp down on tax offenders, Koledowo however pointed out that tax health checks will assist the customers understand inherent gaps in tax compliance.

He urged customers with irregularities in tax compliance to take advantage of government’s VAIDS before the expiration of the deadline.

VAIDS is a time-limited opportunity for taxpayers to regularise their tax status relating to previous tax periods. In exchange for fully and honestly declaring previously undisclosed assets and income, tax payers will benefit from forgiveness of overdue interest and penalties, and the assurance that they will not face criminal prosecution for tax offences or be subject to tax investigations. VAIDS ushers in an opportunity to increase the nation’s general tax awareness and compliance.

Meanwhile Chief Executive Officer, Polysonic Nigeria Limited, Mr. Paulinus Ozonnagbo, was full of praise for Fidelity Bank’s tax initiative. “This forum is quite timely and very commendable. It is a clear indication that the bank truly values its customers because many entrepreneurs and businessmen in the country do not understand tax laws and associated matters,” he stated.

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First Man To Receive Pig Kidney Transplant Has Died

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The first Man to receive a genetically modified pig kidney transplant has died two months after the operation.

Massachusetts General Hospital (MGH), which carried out the procedure in March, announced Sunday, May 12, that Richard “Rick” Slayman, 62, has died.

They said there was no indication his death was a result of the transplant.

Transplants of other organs from genetically modified pigs have failed in the past, but the operation on Mr Slayman, who was suffering with end-stage kidney disease, was hailed as a historic milestone.

In addition to kidney disease, Mr Slayman also suffered from Type 2 diabetes and hypertension.

In 2018, he had a human kidney transplant, but it began to fail after five years.

Following his pig kidney transplant on March 16, his doctors confirmed he no longer needed dialysis after the new organ was said to be functioning well.

“Mr Slayman will forever be seen as a beacon of hope to countless transplant patients worldwide and we are deeply grateful for his trust and willingness to advance the field of xenotransplantation,” MGH said in a statement.

Xenotransplantation is the transplanting of living cells, tissues or organs from one species to another.

MGH said it was “deeply saddened” at his sudden death and offered condolences to his family.

Mr Slayman’s relatives said his story was an inspiration.

“Rick said that one of the reasons he underwent this procedure was to provide hope for the thousands of people who need a transplant to survive,” they said.

“Rick accomplished that goal and his hope and optimism will endure forever.

“To us, Rick was a kind-hearted man with a quick-witted sense of humour who was fiercely dedicated to his family, friends, and co-workers,” they added.

While Mr Slayman received the first pig kidney to be transplanted into a human, it is not the first pig organ to be used in a transplant procedure.

Two other patients have received pig heart transplants, but those procedures were unsuccessful as the recipients died a few weeks later.

In one case, there were signs the patient’s immune system had rejected the organ, which is a common risk in transplants.

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Prince Harry And Meghan Markle Arrive Nigeria Today, May 10th

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The Duke and Duchess of Sussex came into Nigeria for a private visit following an invitation by the Chief of Defence Staff, Gen. Christopher Musa.

The Director of Sports, Defence Headquarters, DHQ, Air Vice Marshal Abidemi Marquis, said the founder of Invictus Games will spend three days in Nigeria and would interact with wounded soldiers and their families.

He said the visit scheduled from 10th to 13th May 2024 would help wounded soldiers in their recovery efforts.

Marquis said: “Because we realised that 80 per cent of our soldiers have been involved in this recovery programme, they are getting better.

“Their outlook on life is positive. You know, when you are engaged in, you experience a permanent disability, you know, issues, it affects your mental health and also your outlook on life.”

Prince Harry and Meghan who are already in Nigeria, First made a visit to children at the Lights Academy in Abuja, Nigeria.

Here are pictures.

Prince Harry and Meghan at Light Academy In abuja

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RIMA Foundation Clocks 20 Years

…as the founder, Dr. Oyedokun clocks 50!

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Dr Ayodeji Oyewole Oyedokun of RIMA Foundation
Dr Ayodeji Oyewole Oyedokun

RIMA Foundation is set to mark two decades of promoting access to information, raising public consciousness on the need for proper management and security of records and information, and encourages the overall development of the information management community for the benefit of humanity and the industry.

Today, virtually all organizations, regardless of size, possess and manage a legacy of records and information, accumulate a rapidly growing store of records/information, and anticipate a future that is mostly, but not entirely, electronic. 

It’s estimated that more than 90% of the records/information being created today are electronic. 

Coupled with the overwhelming growth of electronic messages – most notably e-mail and instant messaging – the management of records/information has become a critical business and social issue. 

How that information is managed has significant business, legal, and technology ramifications. Ultimately, it doesn’t matter what medium is used to create, deliver, or store records/information when determining if content is a record and should be managed accordingly. 

Now, individuals and organizations also produce a vast range of important records/information – such as letters, reports, emails, marketing materials, studies, engineering drawings, handwritten consultation notes, and committee minutes – all of which constitutes an organization’s memory of its processes and procedures, and its knowledgebase of its expertise, experience, and specializations.

For this reason, Records and Information Management Awareness Foundation (RIMA Foundation), was established as a brainchild of Dr Ayodeji Oyewole Oyedokun, the founder / chairman – Board of Directors at The International University of Information Management [IUIM], who is also celebrating his 50th birthday.

RIMA foundation’s drive is to bring together knowledge and create awareness about information management and security to improve the information management/security awareness globally thereby promoting transparency and accountability in both public and private organisations. 

“For many organizations and individuals, records/information will continue to be important for as far ahead as they can see even though they will rely increasingly on knowledge management technology”, Dr. Oyedokun said.

RIMA Awards now International Management Merit [IDMM] Awards 

The Foundation has also set up plans to appreciate the data​ & information management community through the International Management Merit [IDMM] Awards. 

Coincidentally, Dr Ayodeji Oyewole Oyedokun will be marking his 50th birthday – it is a double celebration for him!

Formerly known as the RIMA Awards, this esteemed event celebrates excellence and innovation in Data, Information, Content, Archives, Records, Document Management & Security.

Since its inception in 2005, the RIMA Awards have been the beacon of recognition, highlighting outstanding efforts in promoting proper management and security of records and information. 

As the largest event of its kind in Africa, these awards symbolize excellence and innovation in the IM, IT, and business world.

“By recognizing these efforts, we aim to emphasize the importance of effective records and information management systems, which are crucial for improved decision-making, operational efficiency, and compliance with legal and regulatory requirements”, he said.

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