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Federal Inland Revenue Services
The imbroglio between Nigeria Postal Service (NIPOST) and the Federal Inland Revenue Services (FIRS) over jurisdiction in respect of stamp duty collection worsened on Tuesday.
The last is yet to be heard about the entrenched corruption in the Niger Delta Development Commission (NDDC) as the office of the Auditor General of the Federation (oAuGF) queried the Commission over N70 billion and secrecy shrouded in the multi-million dollar revenues paid by oil firms into the coffers of the Commission since inception.
The Senate on Wednesday at plenary, approved the sum of N168,809,476,220 to fund the proposed 2020 budget of the Federal Inland Revenue Services (FIRS).
Organised Labour in the nation’s communications industry, has raised the alarm that Nigeria Postal Service, NIPOST, is at risk of losing no fewer than 15,000 workers into the unemployment market over the alleged recent takeover of its primary duty to produce and issue stamp by the Federal Inland Revenue Services, FIRS.
The House of Representatives, on Monday, threatened to sanction Ministries, Departments and Agencies (MDAs) of Federal Government that refused to honour legislative summon in accordance with the 1999 Constitution (as amended).
The Senate on Wednesday confirmed the nomination of Muhammad Nami as the Executive Chairman, Federal Inland Revenue Services and 13 others as board members.
The Senate on Wednesday at the plenary mandated its Committee on Local Content to investigate reasons for the dominance of foreign vessels above locally owned and registered vessels in the domestic carriage of petroleum products within coastal inland waterways of Nigeria.
Justice Rilwanu Aikawa of the Federal High Court in Lagos has barred the Federal Inland Revenue Services (FIRS) from enforcing VAT provisions on goods and services consumed in hotels, restaurants and event centres in Lagos State.
Senate approves 2020-2022 MTEF/FSP, raises federal government’s expenditure estimates to N10.7 trillion
The Senate on Thursday, approved the 2020 to 2022 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP).
The Association of Lagos Titled Chiefs has reviewed the allegations against Vice President Yemi Osinbajo and declared its total support to him.
Human Rights Lawyer, Femi Falana, has called on the Federal Government to propose a Money Bill to the National Assembly before the implementation of the increase in Value Added Tax (VAT).
The Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Mele Kyari, yesterday lamented at the Senate over the N145 per litre fuel price in Nigeria.
The Nigerian Governors’ Forum (NGF) has hailed and totally endorsed the appointment of Mr Melee Kyari as the new Nigerian National Petroleum Corporation (NNPC), even as the national oil company has equally expressed its readiness to continuously work with them in the urgent task of growing crude oil production, growing renewable energy and expanding the revenue base of Nigeria.
The Revenue Mobilisation Allocation and Fiscal Commission on Sunday said there was no going back on the on-going probing of Money Deposit Banks to ascertain the amount of money they collected on behalf of revenue generating agencies of the government.
The Federal Road Safety Corps (FRSC) says that effective collaboration among federal agencies, including the Federal Inland Revenue Services (FIRS), have made vehicle smuggling a less lucrative business.
Dr Titus Okunronmu, a former Director, Budgetary Department, Central Bank of Nigeria, has commended the Federal Government for its plan to collect Value Added Taxes (VAT) on online Business Transactions.
An indigenous company, Biatemp Ventures Ltd. has sued First Bank of Nigeria and the Federal Inland Revenue Services (FIRS), demanding N25 billion special and general damages over alleged manipulation of its domiciliary account and illegal withholding of its tax clearance certificate.
At the backdrop of the destructions of public and private properties and businesses in the wake of the #EndSARS protests, businesses have been counting their losses while economy experts have listed the immediate challenges the crises have thrown up against Nigeria’s struggling economy.
Super Eagles forward Ahmed Musa has left Saudi Arabia club Al Nassr after two years.
President Muhammadu Buhari has given a marching order to members of his cabinet to relocate to their home states for the purpose of dousing the tension created by the #EndSARS protests and the destruction of property by hoodlums hiding under the protest.
All Progressives Congress (APC) National Leader, Senator Bola Ahmed Tinubu, has finally opened up on last Tuesday’s shooting at protesters in Lekki Lagos, saying he had no reason to have ordered the shooting.
British police said yesterday they were dealing with an ongoing incident aboard a vessel near the coast of the Isle of Wight, an island off the southern coast of England.
The accident happened on Tuesday while a church community held a service in the building, which was still under construction, in the town of Akyem Batabi in the Eastern Region, National Disaster Management Organisation (NADMO) official Richard Amo-Yartey said.
The Nigeria Union of Teachers, NUT, and the National Association of Proprietors of Private Schools, NAPPS, have thrown their weight behind the decision of the Lagos State government to shut down schools following the violent dimension the #EndSARS protest has taken.
Two policemen and one civilian have been confirmed dead as a result of fracas that ensued between the protesters and policemen in Abayomi area of Ibadan on Thursday.
Following yesterday’s failed attempted jail break at the Nigerian Correctional Service, Warri, otherwise known as Okere Prisons, a detachment of soldiers from Sector 1 Command of ‘Operations Delta Safe’, have been stationed at strategic points within the facility vicinity.
Inmates of the Warri correctional centre on Okere road, Warri south local government area, Delta state Thursday set some buildings inside the place on fire.