FIRS set to begin nationwide tax compliance monitoring

June 11, 2022 Benjamin Umuteme, Abuja 0

The Federal Inland Revenue Service (FIRS) has stated that it would embark on a nationwide Value Added Tax (VAT) and Withholding Tax (WHT) compliance exercise from July, 2022.  This information is contained in a public notice announcing the compliance monitoring exercise, and signed by the FIRS Executive Chairman, Muhammad Nami. A statement by Special Assistant (Media & Communication) to the Read More

FTZs incentives: FIRS’ new tax pact to boost understanding, end suspicion’

June 10, 2022 Benjamin Samson 0

The managing director, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has clarified that the new tax pact with the Federal Inland Revenue Service (FIRS) was aimed at enhancing better understanding of the Free Trade Zones Scheme’s tax-exempt index “so as to end the long years of unbridled suspicion over its implementation.” According to a press statement issued Thursday Read More

Osinbajo drums support for FIRS digitisation plan

May 19, 2022 Benjamin Umuteme 0

The Chartered Institute of Taxation of Nigeria (CITN) has been urged to support the Federal Inland Revenue Service (FIRS) in its drive towards full digitalisation of tax administrative processes. Vice President Yemi Osinbajo made this call in his speech at the Chartered Institute of Taxation of Nigeria’s (CITN) 24th Annual Tax Conference held at the International Conference Centre, Abuja. The Read More

NCC, FIRS inaugurate joint committee to boost revenues in telecoms sector

May 12, 2022 David Agba 0

The Nigerian Communications Commission (NCC) and the Federal Inland Revenue Service (FIRS) have taken their collaboration a notch further by setting up a Joint Committee of senior and management staff of the two agencies towards the implementation of inter-agency strategies for enhancing national revenues in the telecommunications sector. The NCC’s Executive Commissioner, Stakeholder Management, Adeleke Adewolu, inaugurated the 17-member committee Read More

Forgery: Court jails 2 ex-FIRS chiefs without fine option

April 28, 2022 Blueprint 0

A Federal High Court sitting in Abuja Wednesday sentenced two former top shots of the Federal Inland Revenue Services (FIRS), Mohammed Adamu and Eunice Okoro Udokamma to five years imprisonment for forging Income Tax Clearance Certificate for unsuspecting tax payers. The convicts were jailed five years without option of fine for forging an Income Tax Clearance Certificate with serial number Read More

Group commends Nami on fiscal prudence, improved staff welfare

March 3, 2022 Benjamin Umuteme 0

The Executive Chairman of the Federal Inland Revenue Service, (FIRS) has received encomiums from the Global Economic Policy Initiative (GEPIn) for what the group described as “fiscal prudence over the affairs of the FIRS, and ensuring maximum efficiency with minimal resources.” A statement signed by the President of the group, Mr Bernard Okri on Wednesday, noted that despite the limited Read More

Trial of FIRS director, others suffers setback

March 2, 2022 Kehinde Osasona 0

The absence of the eighth defendant, Udo-Inyang Effiong Alfred Tuesday stalled the trial of Peter Hena, former Coordinating Director of the Federal Inland Revenue Service, FIRS, and eight other officers of the Agency. The matter is before Justice Toyin Bolaji Adegoke of a Federal High Court sitting in Abuja. Though seven of the defendants, Mohammed Bello Auta (Director of Finance), Read More

Expert commends FIRS on new automated tax system

February 23, 2022 Benjamin Umuteme 0

The Managing Director/CEO of SD&D Capital Management Limited, Idakolo Gabriel Gbolade has hailed the Federal Inland Revenue Service for its stellar performance in revenue collection for 2021 saying TaxPro Max aided revenue collection process. Speaking on the subject: Rising tax obligation amid dwindling purchasing power, at the Annual General Meeting of the Finance Correspondents Association of Nigeria (FICAN) Friday in Read More

2022: FIRS target 100% automation of tax ¹1 processes

January 20, 2022 Blueprint 0

The Federal Inland Revenue Service (FIRS) has stated that it will achieve 100 per cent automation of all its tax administration processes with the aim of blocking revenue leakages thereby revolutionizing revenue generation in Nigeria. Calling for the cooperation of Nigerians to achieve this, the Executive Chairman of the FIRS, Muhammad Nami while speaking as the Special Guest at the Read More

Muhammad Nami-led Management on the Cusp of History at FIRS

December 24, 2021 Blueprint 0

Nigeria’s tax system seems to be on its path to prosperous times especially with the various innovations that have been introduced in the last two years by the Muhammed Nami led management of the Federal Inland Revenue Service (FIRS); BENJAMIN UMUTEME writes. As debates were ongoing across the length and breathe of Nigeria in 2019, on who will steer the Read More

Examining Nami’s record in FIRS, 2 years after

December 19, 2021 Blueprint 0

When Muhammed Nami was appointed to head, Federal Inland Revenue Service (FIRS), majority of Nigerians were however skeptical for inexplicable reasons; however, in the past two year, Nami has proved doubting Thomases wrong and shown his capacity to drive the tax body to help bridge the revenue gap in the economy. BENJAMIN UMUTEME writes. Appointed on December 9, 2019 as Read More

FIRS chairman Nami elected 15thCATA president

November 12, 2021 Benjamin Samson 0

The executive chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has been elected by the 47-member countries of the Commonwealth Association of Tax Administrators (CATA) as its 15th president for a three-year tenure. According to a statement by Nami’s media aide, Johannes Oluwatobi Wojuola, he was elected during the virtual conference of the forum on Friday. In his Read More

Groups petition IG, others, over plot to smear Buhari, Emefiele

November 3, 2021 Lekan Shehinde 0

Two groups, Nigeria First Movement and True Nigeria Patriots have raised alarm over plot by some persons, described as impostors using the names of the organizations to smear the name President Muhammadu Buhari and Mr. Godwin Emefiele, the Governor of the Central Bank of Nigeria.  The groups alleged that faceless persons have set out to use their names and organise protests by Read More

Bauchi governor Bala loses mother in-law

November 1, 2021 Najib Sani 0

Governor Bala Mohammed of Bauchi state, Monday lost his mother in-law Hajiya Fatimah Aliyu Usman. Late Fatimah is the mother of Aisha Bala Mohammed, the governor’s first wife and she passed away in the early hours of Monday at the Abubakar Tafawa Balewa University Teaching Hospital , Bauchi after a protracted illness. According to a press release by the Special Read More

Expectations as FG stages 1st National Youth Conference

October 30, 2021 Editor 0

The Federal Ministry of Youth and Sports Development in collaboration with private sector partners have concluded plans to host the first ever National Youth Conference in Nigeria from November 1, 2021 to November 3, 2021 at the Velodrome of the Moshood Abiola National Stadium, Abuja. A press statement by the Director Press and Public Relations Mohammed Manga on Friday said Read More

GTCO Plc loan book rises to N1.74trn

October 28, 2021 Amaka Ifeakandu 0

Guaranty Trust Holding Company (GTCO) Plc Group ) in its unaudited consolidated and separate financial statements for the period ended September 30, 2021, has gown its group’s loan book to N1.74 trillion. This represents an increase of 4.5 per cent from N1.66 trillion reported in December 2020. The company ‘s deposit liabilities increased to N3.90 trillion, representing a growth of Read More

Breaking: At last, UK returns stolen Benin to Nigeria

October 27, 2021 Editor 0

A Benin bronze stolen from the country in 1897 has finally been returned by the Cambridge University. The British institution became the first to return the bronze to Nigerian authorities The bronze cockerel named Okukor was taken from the Benin Kingdom during a punitive expedition in 1897 when thousands of bronzes were looted by British forces. The bronze cockerel was Read More

Youth Council hails FIRS boss on reforms, transparency

October 25, 2021 Chizoba Ogbeche 0

The National Youth Council of Nigeria (NYCN), has described reports criticising the proposed 2022 expenditure of the Federal Inland Revenue Service (FIRS) as spurious and mischievous. National President of the NYCN, Comrade Solomon Adodo, who stated this at a press conference, Monday in Abuja, expressed worry over the publication and the alleged “sinister intentions behind it.” Adodo noted that NYCN Read More

Osinbajo not desperate, didn’t renounce 2023 presidential ambition – Group

October 24, 2021 Bode Olagoke 0

Vice President Professor Yemi Osinbajo’s strong focus on his responsibilities, along with a decidedly non-desperate disposition towards the 2023 presidential race has further energised his support base nationwide, the Progressive Consolidation Group (PCG) has said. Dismissing speculations that the Vice President may have attended a meeting and renounced his 2023 bid to succeed President Muhammadu Buhari, the PCG emphasised that Read More

Buhari set to unveil eNaira

October 24, 2021 Editor 0

The Central Bank of Nigeria (CBN) has announced that President Muhammadu Buhari will formally unveil the much talked about digital currency, known as the eNaira, on Monday. CBN Director, Corporate Communications, Osita Nwanisobi, who disclosed this in a statement on Saturday said the President will perform the unveiling ceremony inside the State House, Abuja. “Following series of engagements with relevant stakeholders Read More

When truck drivers ‘confronted’ FRSC

October 20, 2021 Tajudeen Kareem 0

For every service organisation, feedback from the receiving public is germane. It helps in fine-tuning policies, programmes and operational modalities. This was the tthrust of a recent parley between road users and FRSC. Writes …… Drivers of petrol tankers and trucks, who have often resisted penalties for sundry offences, had an opportunity to confront officials of Federal Road Safety Commission Read More

Syria committed to better cultural, tourism relations with Nigeria – Envoy

October 15, 2021 Agi Onda 0

The Head of Mission/Charge d’Affaires of the Embassy of the Syrian Arab Republic in Abuja, Mr. Firas Alabduallah, has reiterated his country’s commitment to strengthening bilateral relations with Nigeria, especially in the cultural and tourism sub-sectors. Speaking to our correspondent on the sidelines of the 14th International Arts and Crafts (INAC) Expo 2021 organised by the National Council for Arts Read More