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Federal Inland Revenue Service

Presidency: Nigeria heading for fiscal crisis

The Presidency Monday, raised the alarm that the country might be heading for a fiscal crisis unless urgent steps were not taken to halt the negative trends in target setting and realisation in government revenue.

Presidency: FIRS boss not under investigation

The Presidency has described as “false and untrue”, reports that the Chairman of the Federal Inland Revenue Service, Babatunde Fowler, is being investigated over poor performance.

FIRS chief replies Presidency, explains low revenue

The chief executive of Federal Inland Revenue Service, FIRS, Tunde Fowler, has replied the query issued him by the presidency.

Presidency: Babatunde Fowler not under probe

The Chairman of the Federal Inland Revenue Service, Babatunde Fowler, is not under any investigation, the Nigerian presidency said ‘categorically’ today, denying the imputations spurred by a query issued by Chief of Staff, Abba Kyari.

Tax: Why FIRS boss Babatunde Fowler was queried

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, was queried by President Muhammadu Buhari over variances between budgeted collections and actual collections between 2015 and 2018.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

EFCC probes FIRS staff accounts over N1.2 billion fraud

As part of its investigation into the N1.2bn duty tour allowance fraud in the Federal Inland Revenue Service, the Economic and Financial Crimes Commission has commenced a forensic analysis of the bank accounts of the staff members.
Anthony Mkpe Ayine

AuGF to audit FIRS, Customs

The Auditor-General of the Federation, Anthony Mkpe Ayine, has begun deep engagements with key federal agencies in his efforts to improve the credibility of public finance administration in Nigeria.

N1.2 billion tax error claims: Tribunal permits counsel to tender documents from bar

The Tax Appeal Tribunal sitting in Abuja on Friday, gave permission to the counsel to Mr Joe Daudu, SAN, to tender documents from the bar, in order to avoid further delay in the matter.
Online Betting

Sports betting: Dangerous trend or reward for passion?

Many Nigerian football supporters and enthusiasts have greeted the new football season in major European countries with excitement and anticipation.

Presidential panel, FIRS partner on recovery of tax revenues

The Special Presidential Investigation Panel for the Recovery of Public Property (SPIP) is to partner with the Federal Inland Revenue Service (FIRS), to recover tax revenues from companies who hitherto have been evading payment.

Nigeria considers new 5% tax for online purchases

The Federal Inland Revenue Service (FIRS) may, from next year, ask banks to charge customers five per cent Value Added Tax for online purchases when using bank cards, its Chairman, Tunde Fowler, has said.
Nigerian National Petroleum Corporation (NNPC)

NNPC ‘not tax agency’

The Nigerian National Petroleum Corporation (NNPC) yesterday said the collection of taxes and other cash due to the Federal Government in the oil and gas industry was not its responsibility.
Melee Kyari

Melee Kyari: NNPC has no secret account

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, says the corporation has no secret accounts that breach the Treasury Single Account (TSA).
The Speaker of the House of Representatives, Femi Gbajabiamila, has approved the appointment of Olarewaju Lasisi as his senior special adviser on media and public affairs. 1

Speaker Gbajabiamila appoints 27 more aides

The appointees include: Special Adviser on Administration, Odofin David Seun; Special Adviser on Political Matters, Olanrewaju Smart; Special Adviser on Special Duties, Badmus Olufunmi; Special Assistant on Legal Matters, Osazee Melody Ogundijie; Special Assistant on Legislative Matters, Raphael Nnana Igbokwe; and Special Assistant on Gender Equality, Fatima Kakuri.

TETFund institutional impact under threat – scribe

The Executive Secretary, Tertiary Education Trust Fund (TETFund), Prof. Suleiman Bogoro, has said that, if care is not taken, the reason for the establishment of TETFund would soon be defeated.

Tax appeal tribunal dispenses N288 billion cases in six months

The Tax Appeal Tribunal has settled tax cases valued at N288 billion since the members were reconstituted six months ago.
aeroplane

Federal government defaults on VAT waiver for domestic airlines

More than one year after the pronouncement for Value Added Tax to be removed from air transport, the Federal Government has failed to implement the order.

New tax ID: Federal government directs central bank, others to synergise with JTB

The Federal Government has directed the Central Bank of Nigeria (CBN), Nigeria InterBank Settlement System (NIBBS), the National Identity Management Commission (NIMC), to cooperate with the Joint Tax Board (JTB) in the release of relevant individual records.

Recent Stories

US commends Akwa Ibom governor over improved health care system

United States Ambassador to Nigeria, Mr. Stuart Symington, has commended Governor Udom Emmanuel of Akwa Ibom State for the high premium placed on healthcare system, especially in transforming the secondary health centres to meet international standards in the state.

Akwa Ibom guber: APC failed because party didn’t work hard – witness

A caucus member of All Progressives Congress, APC, and witness in the ongoing Governorship Election Petitions Tribunal sitting in Uyo, Akwa Ibom State, Elder Enefiok Ekefre, yesterday, told the tribunal that APC lost in the March 9, 2019 polls because the party did not work hard.

Fidelity Bank rewards seven customers with N2.8 million in Makurdi

Fidelity Bank Plc has given out N2.8 million to seven of its customers in Makurdi as reward for saving under its Fidelity Savings Loyalty Scheme.

World Bank, AfDB blacklist more companies, consultants in Nigeria for corruption

The World Bank and the African Development Bank (AfDB) have sanctioned and blacklisted more companies and consultants operating in Nigeria for various breaches of their contracting processes considered fraudulent and corrupt.
A suspected kidnap lord in Taraba State, Hamisu Wadume, as been re-arrested.

How soldiers aided my escape from police – Taraba kidnap suspect

The alleged kidnap kingpin Hamisu Bala Wadume has said that soldiers aided his escape after he was arrested by the police in Ibi, Taraba State.