Odubu charges FRSC on issuance of Drivers’ Licence
The Federal Road Safety Corps (FRSC) has been charged to always subject prospective motorists to proper testing before issuing drivers’ licences to them. Edo State Deputy Governor Dr. Pius Egberanmwen Odubu gave the charge on behalf of Governor Adams Oshiomhole when...
Nigerians must embrace tax policies for states to survive —Oshiomhole
Governor Adams Oshiomhole of Edo State, has said that Nigerians must form the habit of paying taxes in order to interrogate government at all levels. He also said that the state government will broaden its tax net to capture the over one million taxable adults in the...
Dwindling Oil Revenue: Oshiomhole wants successor to deepen tax regime
Edo State Governor, Adams Oshiomhole has declared that his successor must be able to sustain and deepen the tax collection and administration regime if he must deliver on people oriented programmes and policies. The governor made the remark while delivering lecture...
Tax evasion: ICPC clamps down on foreign, local firms, ports, airports.
Efforts are ongoing by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to track local and foreign companies involved in tax evasion and false documentation. Others include consortium of companies that “submitted doctored audited reports”...
Ahmed orders state IRS to raise N5bn monthly
As part of efforts to meet up with Kwara State Government’s monthly statutory commitments and ensure necessary infrastructural development, the newly established Kwara State Internal Revenue Service (KWIRS) has been directed to raise the state's internally generated...
Banks in free trade zones to get tax, duty waivers
The Central Bank of Nigeria (CBN) has said it would henceforth grant tax and duty waivers to banks operating in the Free Trade Zones (FTZs). The incentives, contained in the guidelines for banking operations in FTZ include freedom to move funds in and out of the zone...
Anambra seals 15 buildings over tax evasion
The Anambra State Government has sealed off 15 buildings in Nnewi, a commercial city in the state, for tax evasion. The buildings are three filling stations, two residential homes, one private school and one hospital. The Anambra Property and Land Use Charge carried...
Nigeria loses N650b to NLNG tax holiday Firm disagrees, says investment has yielded $33b dividend
TAX incentives by the Federal Government to the Nigeria Liquefied Natural Gas (NLNG) Limited has deprived the nation of about $3.3billion or N650 billion at an exchange rate of N197 to the dollar from 1999 when it began operations, according to a report. The report by...
Lawyer docked for failure to file tax returns
A Benin-based lawyer, Kingsley Obamogie, has been dragged before a Mobile Revenue Court sitting in Benin by the Edo State Board of Internal Revenue Board, over failure to file tax returns. Obamogie was arraigned on a two-count charge bordering on failure to file his...
2016 Budget-Senators urge Buhari to increase taxes
Senators have urged President Mohammadu Buhari, to increase taxation in the country, to enable the government meet up the required revenue to implement the 2016 budget, given that huge financial shortfall is expected from the revenue projections made in the budget...
