Dialogue crucial for strengthening tax administration — Nami 

November 5, 2022 Benjamin Umuteme, Abuja 0

Tax dialogue, which provide a platform for exchange of diverse ideas on taxation, has been described as a tool for engendering tax compliance through collective ownership of the tax system, as well as a means to strengthening tax systems. Executive Chairman Federal Inland Revenue Service (FIRS), Muhammad Nami, made the assertion at the 2022 Kaduna State Tax Dialogue on Saturday.  Read More

Citizens’ Right to demand accountability subject to compliance with tax obligations – FIRS

October 8, 2022 Blueprint 0

The moral right of citizens to demand accountability from the government on what their taxes have been used for, is dependent on when citizens have themselves heeded to their civil obligations to pay taxes. This was the position of the executive chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, during the unveiling of the FIRS Service Charter recently Read More

Citizens’ right to demand accountability, subject to tax obligations’ compliance – FIRS

October 7, 2022 Benjamin Umuteme Abuja 0

The moral right of citizens to demand accountability from government on what their taxes have been used for, is dependent on when citizens have themselves heeded to their civil obligations to pay taxes. This was the position of the Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami during the unveiling of the FIRS Service Charter on Tuesday Read More

FIRS, Nami and Nigeria’s economic challenges

September 14, 2022 Sunday Gabriel 0

There is no doubt that the world economic outlook has darkened significantly for some obvious reasons – even developed economies are being threatened. In fact, countries are tottering on the edge of a global recession. Given the severity of the economic situation, the Bretton Woods institutions such as World Bank and the International Monetary Fund, IMF have issued warnings to Read More

Indians sabotaging, destroying our economy, Dilcon Plastics boss alleges…Fingers EFCC, FIRS staff

September 9, 2022 Muhammad Tanko Shittu 0

The chairman/chief executive of Dilcon Plastics, Hon. Leonard Dilcon, has accused some Indian expatriates of sabotaging the efforts of local manufacturers in Nigeria. Mr. Dilcon, who declared this at a press briefing held Friday in the boardroom of Dilcon Group of Companies, said his life was being threatened. “The Nigerian economy is being sabotaged, and destroyed by some Indian expatriates. Read More

NLNG receives road infrastructure tax credit certificate for Bonny – Bodo road from FIRS

August 21, 2022 Benjamin Umuteme Abuja 0

The Nigeria Liquefied Natural Gas Limited (NLNG), one of the companies undertaking the construction of roads under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, received its Tax Credit Certificate from the Federal Inland Revenue Service (FIRS), for the construction of the Bonny – Bodo Road, in Rivers State last week. A statement by Special Assistant (Media & Read More

FIRS and Nami’s magic wand

August 15, 2022 Umar Hayatudeen 0

An American lawyer and politician, Jerry Moran, once said, “Perfection has to do with the end product, but excellence has to do with the process.” Without a doubt, the whole world has been afflicted and distressed with glaring economic and security challenges; the Covid -19 pandemic, political instability, the ongoing Ukraine-Russian war and other uprisings are grave setbacks whose ripple Read More

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