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Tag: federal inland revenue service

Falana: Judgement On VAT Will Strengthen Campaign For Restructuring

Mr. Femi Falana (SAN)
Presses states to rally round Rivers Says dispute over enforcement not call for anarchy Lagos with 70% VAT contribution will be greatest beneficiary Human rights lawyer, Mr. Femi Falana, yesterday,Read More

PDP Demands Amaechi’s Sack Over Lootings In NPA, NDDC

Minister of Transportation, Rotimi Amaechi
The Peoples Democratic Party (PDP) yesterday demanded the immediate sack, investigation and prosecution of the Minister of Transportation, Rotimi Amaechi, as well as the suspended Managing Director of the NigerianRead More

FG Grants Dangote Cement N22.32bn Tax Credit

Dangote Cement
The Federal Inland Revenue Service (FIRS) has issued Dangote Cement Plc, tax credit certificates valued at N22.321 billion. The tax credit certificates were for the construction of Apapa-Oworonshoki-Ojota road inRead More

FEC Okays N1.59tn for Customs’ 16 Patrol Boats, 427 Cars

Vice President Yemi Osinbajo
The Federal Executive Council (FEC) has approved contracts worth N1.59 trillion for the procurement of 16 patrol boats and 427 operational vehicles for the Nigeria Customs Service (NCS), the extensionRead More

IMF Backs CBN, Cautions Against Cryptocurrency Transactions

International Monetary Fund (IMF)
The International Monetary Fund (IMF) has cautioned against transacting in cryptocurrency, saying regulating the digital currency remains a concern not just to the Central Bank of Nigeria (CBN) but toRead More

EFCC Further Questions Ex-FIRS Boss, Fowler, Over Alleged Diversion Of N5bn

Former Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler
Former Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, yesterday returned to the Economic and Financial Crimes Commission (EFCC) for further questioning over his stewardship and allegedRead More

Senate Queries FIRS Over Unremitted N1.4bn Tax, VAT Deductions

Nigerian Senate
The Senate has issued two queries to the Federal Inland Revenue Service (FIRS) over its failure to remit N1.4 billion withholding tax and Value Added Tax (VAT) deducted from 33Read More

FIRS: Tax Now Accounts For 70% Of Nigeria’s Revenue

Federal Inland Revenue Service (FIRS)
Wants tax laws amended, as most date back to pre-independence period The Federal Inland Revenue Service (FIRS) has disclosed that receipts from tax, which were previously supplementary, now account forRead More

EFCC Grills Ex-FIRS Boss, Fowler

Former Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler
Former Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, was yesterday grilled by investigators at the Lagos office of the Economic and Financial Crimes Commission (EFCC). ThisRead More

Magu’s Lawyer Queries Secrecy of Presidential Panel’s Proceedings

EFCC Acting Chairman, Ibrahim Magu
A member of the suspended Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu’s legal team yesterday queried the secrecy surrounding the proceedings of the seven-man presidentialRead More