Emmanuel Shadrach

There are some Men you can't find twice!

Dear @PolarisBankLtd I hope my Pre-Action Notice of my Intention to commence a legal action against you for the needless and embarrassing service disruptions finds you well. Please find the attached copy here.

Hello @PolarisBankLtd, tell me what has changed after 24 hours of blackout on your App? There's no point having an App if it's always a deadbeat. I will sue, Inshallah.

@PolarisBankLtd Just give me a good service and forget excellent service for now. It's quite exhausting. Una fall our hands.

Hello @SEmmanuelNG, we sincerely apologize for any inconvenience this experience may have caused. Please note that the there is an ongoing maintenance on the VULTe application and we kindly request your patience as we work to complete it. In the meantime, we advise that you please make use of the Vulte web platform to initiate transactions: vulte.ng We reaffirm our commitment to providing you with an excellent service experience. Thank you.

Service disruption is becoming a second name to @PolarisBankLtd these days. I have been glued to their App since yesterday trying to make an urgent transaction but to no avail. Maybe suing them could be a way out for the damages I suffered.

@PolarisBankLtd @gtbank This is what you want me to use? Seriously, this is pathetic. No one should suffer this for this long. Your Web is as bad as your App. Sad.

Hello @SEmmanuelNG, we sincerely apologize for any inconvenience this experience may have caused. Please note that the there is an ongoing maintenance on the VULTe application and we kindly request your patience as we work to complete it. In the meantime, kindly make use of the VULTe web version: vulte.ng .Thank you.

It's an "Error" choosing the @PolarisBankLtd Vault App. I'll dump you guys just like I dumped @gtbank. Sad.

A peaceful religion doesn't necessarily make peaceful followers.

@DrJoeAbah I think AI thinks you know everything instead of “things”. These cyber agents hallucinate more than a drunken fellow sometimes.

Sometimes, we overestimate how smart AI is. I drew a linear diagram from left to right with text boxes and various shapes, and used ChatGPT to format it. It took several tries, as it kept omitting some boxes and making typographical errors with the text but we got there in the end. I then asked several AI tools to reverse the flow of the diagram, with the shape on the extreme right now starting the flow of the linear diagram from the left, and to change the sequence of the other shapes accordingly. Chat GPT tried but despite several prompts, the connecting arrows were still pointing the wrong way. Despite several prompts, Grok had the connecting arrows flowing both ways, which didn’t make sense. Gemini said I must first sign in to my Google account before it can generate images. I did. One hour later, it is still thinking! Claude is not letting me paste the image I want to reorder in the prompt box. It only wants me to upload files or images from my laptop. After wasting two hours of my life, I went to PowerPoint and drew the reverse image I wanted jeje. Good morning.😅

Reports indicate that Justice Mohammed Umar of the Federal High Court, Abuja, directed Marshall Abubakar, who appeared as lead defence counsel to Omoyele Sowore, to step out of the Bar and kneel, while also issuing threats of committal for contempt.

Modîbo…🤤

@amarifields_ Yes, please.

would anyone be interested in a group chat for founders trying to fundraise to share tips, resources, and what is actually working comment below if you would join

Omeiza… first of his name…

@taiwoyedele The question is, who “appeals to the court”, the tax authority or the tax defaulter? To avoid the abuse, let the power of the substitution be made by the order of the Court!

𝐅𝐀𝐐𝐬 𝐨𝐧 𝐏𝐨𝐰𝐞𝐫 𝐨𝐟 𝐒𝐮𝐛𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧 𝐢𝐧 𝐓𝐚𝐱 𝐀𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝑸1: 𝑾𝒉𝒂𝒕 𝒊𝒔 "𝒑𝒐𝒘𝒆𝒓 𝒐𝒇 𝒔𝒖𝒃𝒔𝒕𝒊𝒕𝒖𝒕𝒊𝒐𝒏"? The power of substitution is a tax recovery mechanism that permits the tax authority to issue a directive to a third party (a 'substitute') to remit funds belonging to a defaulting taxpayer to settle a final, established, and unpaid tax liability. This power is only exercised after all legal and administrative processes, including appeals to the courts, have been exhausted. 𝑸2: 𝑰𝒔 𝒕𝒉𝒆𝒓𝒆 𝒂 𝒓𝒊𝒔𝒌 𝒐𝒇 𝒂𝒓𝒃𝒊𝒕𝒓𝒂𝒓𝒚 𝒖𝒔𝒆 𝒐𝒇 𝒕𝒉𝒊𝒔 𝒑𝒐𝒘𝒆𝒓? No. The power of substitution is neither arbitrary nor discretionary. Its use is strictly governed by due process and can only be invoked after all established processes involving enquiries, assessments, objections, final notice, and appeals to the courts have been concluded, and the tax liability has become final and conclusive. It serves as a rigorously controlled, last-resort, not a routine administrative action. 𝑸3: 𝑫𝒐𝒆𝒔 𝒕𝒉𝒊𝒔 𝒂𝒇𝒇𝒆𝒄𝒕 𝒍𝒐𝒘-𝒊𝒏𝒄𝒐𝒎𝒆 𝒆𝒂𝒓𝒏𝒆𝒓𝒔 𝒐𝒓 𝒔𝒎𝒂𝒍𝒍 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔𝒆𝒔? Individuals earning the national minimum wage or small businesses operating below applicable taxable thresholds are outside the scope of this measure. The power of substitution is only worthwhile where there is a substantial tax liability, which these groups generally do not have under the new tax laws. 𝑸4: 𝑰𝒔 𝒕𝒉𝒆 𝒑𝒐𝒘𝒆𝒓 𝒐𝒇 𝒔𝒖𝒃𝒔𝒕𝒊𝒕𝒖𝒕𝒊𝒐𝒏 𝒂 𝒏𝒆𝒘 𝒑𝒓𝒐𝒗𝒊𝒔𝒊𝒐𝒏 𝒊𝒏 𝑵𝒊𝒈𝒆𝒓𝒊𝒂𝒏 𝒕𝒂𝒙 𝒍𝒂𝒘𝒔? No. This power is not new. It has been an existing provision of Nigeria’s tax legislation, including section 50 of the repealed Personal Income Tax Act (PITA) and various other tax statutes. 𝑸5: 𝑰𝒔 𝒕𝒉𝒊𝒔 𝒂 𝒈𝒍𝒐𝒃𝒂𝒍𝒍𝒚 𝒂𝒄𝒄𝒆𝒑𝒕𝒆𝒅 𝒑𝒓𝒂𝒄𝒕𝒊𝒄𝒆? Yes. The use of third-party collection mechanisms is consistent with global best practices in tax administration. Similar powers, such as issuing garnishment or third-party payment notices, are common in tax jurisdictions worldwide to recover confirmed tax debts. 𝑸6: 𝑾𝒉𝒚 𝒊𝒔 𝒕𝒉𝒊𝒔 𝒑𝒐𝒘𝒆𝒓 𝒏𝒆𝒄𝒆𝒔𝒔𝒂𝒓𝒚? This power is essential for maintaining fairness within the tax system. Without effective enforcement tools, compliant taxpayers are unfairly burdened, tax evasion is inadvertently encouraged, and government finances face undue pressure, which can lead to higher tax rates for all. 𝑸7: 𝑼𝒏𝒅𝒆𝒓 𝒘𝒉𝒂𝒕 𝒄𝒐𝒏𝒅𝒊𝒕𝒊𝒐𝒏𝒔 𝒄𝒂𝒏 𝒕𝒉𝒆 𝒕𝒂𝒙 𝒂𝒖𝒕𝒉𝒐𝒓𝒊𝒕𝒚 𝒆𝒙𝒆𝒓𝒄𝒊𝒔𝒆 𝒕𝒉𝒊𝒔 𝒑𝒐𝒘𝒆𝒓? The power of substitution is strictly a last-resort measure and requires the simultaneous fulfillment of the following three conditions: Exhausted process - the entire process for establishing a tax liability (enquiries, assessment, objection, final notice, and appeal involving the court) has been concluded. Final liability - the taxpayer has a confirmed, final tax liability that is legally due and payable. Refusal to pay - the taxpayer has failed, neglected, or refused to pay the debt within the written period specified by the tax authority. 𝑸8: 𝑾𝒉𝒐 𝒄𝒂𝒏 𝒃𝒆 𝒂𝒑𝒑𝒐𝒊𝒏𝒕𝒆𝒅 𝒂𝒔 𝒂 '𝒔𝒖𝒃𝒔𝒕𝒊𝒕𝒖𝒕𝒆' 𝒐𝒇 𝒂 𝒅𝒆𝒇𝒂𝒖𝒍𝒕𝒊𝒏𝒈 𝒕𝒂𝒙𝒑𝒂𝒚𝒆𝒓? The tax authority can issue a notice of substitution to any person who holds funds belonging to, or owes sums of money due to the defaulting taxpayer. 𝑸9: 𝑾𝒉𝒂𝒕 𝒂𝒓𝒆 𝒕𝒉𝒆 𝒐𝒃𝒍𝒊𝒈𝒂𝒕𝒊𝒐𝒏𝒔 𝒐𝒇 𝒂 𝒔𝒖𝒃𝒔𝒕𝒊𝒕𝒖𝒕𝒆, 𝒂𝒏𝒅 𝒄𝒂𝒏 𝒔𝒖𝒄𝒉 𝒂 𝒑𝒆𝒓𝒔𝒐𝒏 𝒅𝒆𝒄𝒍𝒊𝒏𝒆 𝒕𝒉𝒆 𝒂𝒑𝒑𝒐𝒊𝒏𝒕𝒎𝒆𝒏𝒕? Upon receiving a notice of substitution, the appointed party is statutorily obligated to either comply or formally object in writing within 30 days. The objection must specify the grounds for refusal. The legal provisions for appealing tax assessments are also applicable to the substitution notice. 𝑸10: 𝑾𝒉𝒂𝒕 𝒂𝒓𝒆 𝒕𝒉𝒆 𝒔𝒑𝒆𝒄𝒊𝒇𝒊𝒄 𝒔𝒂𝒇𝒆𝒈𝒖𝒂𝒓𝒅𝒔 𝒕𝒐 𝒑𝒓𝒆𝒗𝒆𝒏𝒕 𝒕𝒉𝒆 𝒂𝒃𝒖𝒔𝒆 𝒐𝒇 𝒕𝒉𝒊𝒔 𝒑𝒐𝒘𝒆𝒓? Various legal and administrative safeguards exist to ensure the power is controlled, subject to review, and accountable including: Due process - a mandatory due process for establishing the final tax assessment. Right to object - a statutory right for the substitute to object in writing within 30 days. Appeal rights - comprehensive appeal rights under the established tax dispute resolution framework. Taxpayer rights - protection for the taxpayer or appointed agent by the Office of the Tax Ombud. 𝐂𝐨𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐌𝐞𝐬𝐬𝐚𝐠𝐞 The power of substitution, including its framework under the new tax laws, is a carefully controlled mechanism designed to ensure equity in the tax system. It is not punitive, arbitrary, or intended for routine administration, which is why its use has been historically rare. It exists to ensure that confirmed and lawful tax debts are ultimately paid by those who may choose to ignore their statutory obligations. -𝘗𝘳𝘦𝘴𝘪𝘥𝘦𝘯𝘵𝘪𝘢𝘭 𝘍𝘪𝘴𝘤𝘢𝘭 𝘗𝘰𝘭𝘪𝘤𝘺 & 𝘛𝘢𝘹 𝘙𝘦𝘧𝘰𝘳𝘮𝘴 𝘊𝘰𝘮𝘮𝘪𝘵𝘵𝘦𝘦

@DrJoeAbah This theory is not superfluous. It is achievable. This is one of the dreams behind birthing the Institute of Legal and Policy Strategy (ilpstrategy.org.ng). The Institute is incorporated and we hope to start operations soon.

I have a theory: Nigerian leaders struggle to handle complexity and anything with moving parts. We can pour concrete. It’s pretty straightforward. I guess that is why people see roads being built and say that Governance is not rocket science. If roads are what they mean by governance, they would be right: it’s not rocket science. When it comes to complexity, multiple components, or moving parts, our leaders tend to struggle. For instance, electricity involves generation, transmission, distribution, metering, billing and tariff management. Complexity. We don’t handle it well. That is why, when a new governor succeeds one who has already poured concrete, they seem clueless about what to do next. Facilitating the economic activity that will make use of the roads and buildings is harder than pouring the concrete to build them. It requires brain power. Complexity hurts the brain. We don’t like it. In countries like France, most politicians would be expected to have attended one of the governance schools if they want to seek high public office. In the UK, you would probably have studied Politics, Philosophy and Economics at Oxford or Cambridge. In the USA, it would be usual for you to have attended an Ivy League university. Same as Japan and Singapore. In all these places, you would be exposed to complexity, innovation and problem-solving. In Nigeria, all you need is to have completed a course of secondary education. Did you know that you actually don’t have to have a WAEC certificate? You just need to have finished secondary education, you don’t need to have passed WAEC or even NECO. Is it surprising the quality of leaders that we have? It is not about having a PhD. Most Nigerian governors with PhDs have been thoroughly disappointing. It is more about being equipped with the skills and intellectual rigour to handle the complexity of governing others and making the best decisions on their behalf. I would suggest that we upgrade the Public Service Institute of Nigeria and the Administrative Staff College of Nigeria into proper governance schools. We should then make it mandatory that all politicians who want to occupy elective executive positions (like LGA Chairman, Speaker, Senate President, Deputy Governor, Governor, Vice President or President) must attend and graduate from those institutions before they can even seek any elective public office at all. Do you agree with my theory? If not, do you have a counter theory? If you agree, do you think that this would make any difference? If you think that it won’t make any difference, what do you think would? #NaijaKnowledgeX

@DrJoeAbah Happy birthday, sir.

Today is my birthday. I am grateful to God for another year of grace. I thank God for the miracle of walking away from a serious car crash in June, unscathed. I thank God for the love that surrounds me. Our purpose is not yet fulfilled. Like Arsenal, we go again next year!😀

@FinPlanKaluAja1 Could you please share your email address so I can send you an important request? Thank you, and God bless you.

Problem is no sector here contributes 15% of more to GDP. Not the growth, but what that sector is contributing nominal or real GDP growth. For Instance, Agriculture is about 22% contribution to GDP but growing at less than 4%

@FinPlanKaluAja1 Could you please share your email address so I can send you an important request? Thank you, and God bless you.

There is no way anyone can say your income taxes will be lower or higher just using tax rates. Its ONLY the tax payer that can determine that based on deductibles purchased. The only certain thing is that if you earn at or below N800,000 per annum, you pay no income taxes. With the way this new tax is designed you can earn N10m and pay LESS income taxes than someone that earns N5m. The mistake is that many videos on social media are simply taking total income and applying the tax rates, NO! that's wrong The way to do it 1. GET total income 2. Apply deductibles, RSA, NHIS etc. 3. Get Taxable Income 4. Apply tax rates So if you earn N10m, and apply your deductibles, your taxable income falls. If you earn less, say N5m then take no deductions, your taxes are going up because you lose that 20% payroll tax credit, and you pay higher income tax per income than a person making N10m who buys deductibles. Remember, AUTOMATIC 20% OF PAYROLL IS GONE, look at the infographic below, its gone. you have to buy a deductible. Summary, you must take action from 2026

@taiwoyedele Could you please share your email address so I can send you an important request? Thank you, and God bless you.

𝐃𝐞𝐬𝐢𝐠𝐧𝐢𝐧𝐠 𝐓𝐨𝐦𝐨𝐫𝐫𝐨𝐰: 𝘗𝘰𝘭𝘪𝘤𝘺 𝘉𝘭𝘶𝘦𝘱𝘳𝘪𝘯𝘵 𝘢𝘯𝘥 𝘓𝘦𝘴𝘴𝘰𝘯𝘴 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘍𝘶𝘵𝘶𝘳𝘦 Nations are made by the policies they make. And not having a policy is, in fact, a policy – of chaos, discretion, and uncertainty. But make no mistake, policy is not just what we say. It is about what we actually do. Our democracy must offer economic choice, not just political freedom. Unlike politics, when crafting policies, popular views do not always lead to sound policies which require credible data over rhetoric or sentiments. We must therefore avoid crowd-pleasing narratives because after the applause, the pain will remain. If we have everyone at the table but lack credible data, we’re holding a communion, not designing policy. Read my full 50th birthday policy speech here for more. taiwooyedele.com/designing-tomo…

@FinPlanKaluAja1 I wanted to request your email, but I am not verified yet. Could you please DM it to me? Thank you, sir.

Let's Talk About Your Money: A step by step guide to personal financial planning a.co/d/02gp03N8