Federal Inland Revenue Service
MultiChoice Shares Soar as Nigerian Tax Dispute is Settled
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MultiChoice Denies It Has to Pay $2.2-Billion Tax Backlog to Nigeria
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Report: Nigerian politicians own 800 assets worth $400 million in London, Dubai
File Photo An Associate Fellow of Chatham House, London, Mr. Matthew Page, said yesterday that 800 property worth $400 million and owned by Politically Exposed Persons (PEP) in Nigeria were located in London and Dubai. The revelation is coming as the Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanonye, said it dragged about 2,000 corporate entities into the country’s tax net. A statement issued by ICPC said Page made the disclosure in his paper presentation titled: “IFFs through the Real Estate and Education Sectors: Implications for Investigators,” at an event organised by the agency in Abuja. He urged the investigators of the ICPC to pay attention to real estate and education sectors-linked illicit financial flows. He noted ...
Federal government okays N20.1 billion for Nigerian customs equipment
The federal government has approved a total of N20,114,002871 for the acquisition of various operational equipment for the Nigerian Customs Service (NCS). The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this to State House Correspondents after the federal executive council (FEC) meeting presided over by Vice President, Yemi Osinbajo at the presidential villa on Wednesday. The Minister said further that Council also approved the sum of N539,277,673 for the construction of the Federal Inland Revenue Service (FIRS) building at the Ilupeju Medium and Small Taxpayers’ office in Lagos. On the breakdown of contracts approved for Customs, the Minister said a total of 427 operational vehicles, worth N14.55 billion and nine assorted gunboats worth N5,564,002,871 were a...
CPN president: Digital technologies efficient in sustaining social, economic development
The President and Chairman of the Council of Computer Professionals (Registration Council of Nigeria), Professor Charles Uwadia, has disclosed that digital technologies have proven to be efficient in sustaining social and economic developments. According to him, during the COVID-19 pandemic, digital technologies played an indispensable role in sustaining social and economic activities. He said though challenges and risks also emerged in the course of embracing various digital innovations but its applicability were proven to be efficient. Uwadia, who spoke at a virtual press conference, to unveil activities lined up for the forthcoming 2020 IT Professionals’ Assembly, with the theme, “Harnessing Digital Technologies for Social and Economic Recovery”, said the assembly which is the 15th edit...
EFCC arraigns three FIRS directors, six other officers for N4.5 billion fraud
The Economic and Financial Crimes Commission, EFCC on Thursday, arraigned Peter Hena, former Coordinating Director of Federal Inland Revenue Service, FIRS and eight other officers of the agency before Justice Ijeoma Ojukwu of a Federal High Court sitting in Abuja. The others are Mohammed Bello Auta (Director of Finance), Amina Sidi (Finance and Account department), Umar Aliyu Aduka (Internal Audit), Mbura Mustapha (Deputy Manager), Obi Okeke Malachy (Services Group), Obaje Napoleon Adofu (Head of Budget), Udo-Inyang Effiong Alfred (Officer II) and Benjamin Jiya (Assistant Director) . They were docked on a 42- count charge bordering on corruption, fraud and criminal misappropriation of funds to the tune of N4,558,160,676.9 ( Four Billion, Five Hundred and Fifty-eight Million, One Hundred an...
Akwa Ibom Assembly passes N456.25 billion Appropriation Bill
The Akwa Ibom State House of Assembly Tuesday passed into Law the state appropriation bill of N456.25billion for the 2021 fiscal year. The 2021 appropriation bill is broken down to of N164.52billion Recurrent expenditure, N241.45billion Capital Expenditure and N50.3billion for Consolidated Revenue Fund Charges. This is against the N435.65billion proposed by the governor, Mr Udom Emmanuel to the House of Assembly in the month of October. The bill was passed after the adoption of the report of the House Committee on Finance and Appropriation Committee, presented by the Chairman, Mr Uduak Odudoh, during Tuesday plenary. Odudoh explained that Ministries Departments and Agencies (MDAs), Non-Governmental Organisations and other relevant publics participated in the budget process before its passa...
ICPC indicts 88 MDAs for procurement act violations
File Photo The Independent Corrupt Practices and Other Related Offences Commission has indicted 88 Ministries, Departments and Agencies for violating the provisions of the Public Procurement Act, 2007 in the last three years. The anti-graft agency also said 53 MDAs were guilty of tax default, noting that they had been on the Federal Inland Revenue Service tax defaulters list for three years. It classified 132 MDAs that did not respond to its assessment as ‘corruption high-risk MDAs’ stressing that they “will be treated as such.” This was contained in the ICPC Ethics and Compliance Scorecard of Federal MDAs 2020 made available to newsmen on Tuesday. The commission in its assessment found that none of the MDAs attained full compliance with ethical and accountability standards for efficiency ...
NIPOST: Central bank approved our stamp duty account
The Nigerian Postal Service on Sunday said its stamp duty account was opened by the Central Bank of Nigeria under the Treasury Single Account in response to claims made by the Federal Inland Revenue Service. The post NIPOST: Central bank approved our stamp duty account appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
PDP: President Buhari government frustrating war against corruption
The Peoples Democratic Party, PDP, Wednesday, accused the President Muhammadu Buhari-led government of deliberate hoarding of relevant information from Nigerians on the extent of corruption in his administration. This is even as the party said Nigerians have noted the blackmails, intimidation, and threats coming from government quarters, “in their feverish bid to frustrate whistleblowers and truncate on-going uncovering of widespread corruption in ministries, departments and agencies, under the All Progressives Congress, APC, administration.” Addressing a press conference at the party’s headquarters in Abuja, PDP spokesman, Kola Ologbondiyan, said one of such antics by this administration was Tuesday, July 28, 2020 press conference by the Minister of Information and Culture, Alhaji Lai Moh...
FIRS clarifies stamp duty rates, others
Following several requests by taxpayers seeking clarifications on the current administration of Stamp Duties Act in the country, the Federal Inland Revenue Service (FIRS) has published detailed information to guide taxpayers and the general public on rates payable as stamp duty. The clarification guide, which is contained in a Public Notice signed by Executive Chairman, FIRS, Mr. Muhammad Nami, published on its website, stated that Stamp Duty is chargeable on both physical and electronic instruments in two ways i.e. Ad-valorem, where duty payable is a percentage of the consideration on an instrument; or Flat Rate, where a fixed sum is chargeable irrespective of the consideration on dutiable instrument or document. The notice described stamp duty as a tax payable in respect of dutiable inst...
FIRS generates N66 billion from stamp duties
The Federal Inland Revenue Service (FIRS) has generated the sum of N66 billion from stamp duties between January and May. The FIRS Director, Communications and Liaison Department, Abdullahi Ahmad, made this known in a statement in Abuja on Tuesday. Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja. Mr Nami said the money realised in the first five months of the year from stamp duties represented about 1,000 per cent increase. He stated that the increment was unprecedented when compared to six billion naira collected from January to May 2019. The FIRS boss attributed this increase to the dynamism triggered by Fin...
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