The Senate Committee on Public Accounts on Tuesday, took a swipe at managements of the Nigerian National Petroleum Company Limited (NNPCL) and other agencies. This is for their persistent refusal to respond to queries raised against them in the 2019 Audit report. Chairman of the committee, Sen. Ahmed...
FIRS
The Federal Executive Council (FEC) has directed the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to Dangote Refinery and other local refineries in naira and not in United States greenback. Federal Inland Revenue Service (FIRS) boss Zack Adedeji disclosed after a FEC meeting chaired by...
We are in a time of pronounced change of thinking in a positive direction in Nigeria after decades of misadventures. To support this change, we must focus on the key policies and drivers of reform in order to assist them in their endeavours. A crucial aspect of this...
A A Federal High Court in Abuja on Friday, discharged the executive of Binance Holdings Limited, Tigran Gambaryan, from the alleged tax evasion charge preferred against the company by Federal Inland Revenue Service (FIRS). Justice Emeka Nwite, in a ruling, discharged and struck out Gambaryan’s name from the four-count...
The arraignment of Binance Holdings Limited and its executive, Tigran Gambaryan, by Federal Inland Revenue Service (FIRS), on Wednesday, suffered a setback at a Federal High Court, Abuja. The matter, which was scheduled for arraignment before Justice Emeka Nwite, could not proceed due to the absence of Gambaryan...
President Bola Tinubu on Tuesday inaugurated the 6th National Stakeholders Working Group also known as the Governing Board of the Nigeria Extractive Industries Transparency Initiative (NEITI). Inaugurating the 15-member committee, Tinubu said he was proud of the board with the members carefully selected, based on their diverse competencies,...
The Federal Inland Revenue Service (FIRS) has filed an amended four-count charge against Binance Holdings Limited and its executive, Tigran Gambaryan, on alleged tax evasion. FIRS lawyer, Moses Ideho, made this known on Friday before Justice Emeka Nwite of a Federal High Court, Abuja. Ideho informed the court...
A Magistrate Court sitting in Wuse Zone 2, Abuja, on Friday, ordered the Federal Capital Territory Internal Revenue Service (FCT-IRS) to seal off a company, Ifedi A.K. Nigeria Ltd, over allegations bordering on non-filing of annual returns. The Magistrate, Janada Balami, gave the order after lawyer to FCT-IRS,...
A Federal High Court, Abuja has granted an interim order sought by the Economic and Financial Crimes Commission (EFCC) to freeze at least 1, 146 bank accounts belonging to individuals and companies over allegations bordering on unauthorised dealing in foreign exchange, among others. The News Agency of Nigeria...
The Director, Special Projects, Federal Ministry of Finance, Aisha Omar, has said the ministry has so far recovered N57 billion from the N5.2 trillion owed by Ministries, Departments and Agencies (MDAs). Omar disclosed this during the Sensitisation Workshop on Federal Government Debt Recovery Drive through Project Lighthouse Programme...
The Inspector General of Police (IGP), Mr Kayode Egbetokunformer , has advised the Federal Government to merge the Nigeria Security and Civil Defence Corps (NSCDC) and the Federal Road Safety Corps (FRSC) with the police for effectiveness. Egbetokun said this at the National Dialogue on State Policing, organised...
By CALLISTUS OFFOR, Abuja – Federal Inland Revenue Service (FIRS) has tendered an unreserved apology to the Christians Association of Nigeria (CAN) over its Easter message which generated controversy amongst Christians. In celebrating Easter, the FIRS had shared a flier showing a Point of Sale (PoS) machine which...
The Christian Association of Nigeria (CAN), on Tuesday in Abuja called on the Federal Inland Revenue Service (FIRS) to retract its Easter message and offer public apology. The National Director, National Issues and Social Welfare, CAN , Commodore Abimbola Ayuba (rtd), in a statement said that FIRS’ Easter...
The House of Representatives Public Accounts Committee has warned the Chairman, Federal Inland Revenue (FIRS), Mr Zacch Adedeji against his alleged disregard to appear before the committee on invitation. The committee said that Adedeji’s actions amounted to contempt of parliament. Rep. Bamidele Salam, Chairman, PAC, said this at...
The House of Representatives has urged the Federal Inland Revenue Service (FIRS) to recover taxes owed the Federal Government by government’s Ministries, Departments and Agencies (MDAs). This followed the adoption of a motion by Rep. Esosa Iyawe (LP-Edo) during plenary in Abuja on Thursday. The motion titled: “Alleged...
The Federal Inland Revenue Service (FIRS), has assured Nigeria’s leading telecom MTN Nigeria Plc and others of a friendly, customer-centric tax administration. The Executive Chairman of FIRS, Dr Zacch Adedeji, said this when he received the Chief Executive Officer of MTN, Mr Karl Toriola on Tuesday. Toriola...
The Minister of Finance, Mr Wale Edun, and the Minister of Budget and National Planning, Atiku Bagudu, have assured Nigerians that the high cost of living being witnessed by Nigerians is currently being addressed. Mr Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), and Mr...
The Minister of Finance, Mr Wale Edun, has said the Federal Government is targeting a 77 per cent increase in Internally Generated Revenue (IGR). Edun, who is also the Coordinating Minister of the Economy, said this on Wednesday in Abuja, at opening of the 2024 Strategic Management Retreat...
The Federal Government has said it is ready to launch the Nigerian Education Loans Fund for students in tertiary institutions. The Executive Secretary of Student Loan Board, Dr Akintunde Sawyerr to, disclosed this to State House correspondents on Monday in Abuja. He said that the scheme was to...
The Tertiary Education Trust Fund (TETFund) says it has budgeted a significant increase in annual direct disbursements in response to improvement in tax collections. The Executive Secretary of TETFund, Sonny Echono, made this known in Abuja on Tuesday at an Interactive session with heads of beneficiary institutions on...