Banks Shut In Ibadan Over Tax Defaulting It was a disturbing incident as financial transactions were paralyzed in many banks in Ibadan, the Oyo state capital, Monday morning, as a combined task force team of the state Inter-ministerial Enforcement Unit swoop on the financial institutions...

FIRS To Go After Billionaire Tax Defaulters The Federal Inland Revenue Service will soon go after the bank accounts of defaulting taxpayers, who are raking in billions of naira in Nigeria and are not paying taxes, according to the FIRS Chairman, Tunde Fowler. In doing that,...

FIRS To Freeze 6,772 Accounts, Sell Tax Evaders’ Properties The Executive Chairman, Federal Inland Revenue Service, Mr Tunde Fowler, said on Thursday that the government would sell properties built and developed in corporate names across the country on which taxes were not being paid. Fowler disclosed...

FIRS Persists On Expanding Nigeria’s Tax Net The Federal Inland Revenue Service (FIRS), has emphasised the need to widen the country’s tax net in order to enhance government’s revenue. The agency also said there was need toencourage the youth to embrace tax culture early in life. Speaking...

Banks Suspends BDCs' Accounts, Demands Tax Remittance The Association of Bureau De Change Operators of Nigeria has kicked against ongoing banks’ suspension of bureau de change accounts, demanding for tax remittances on turnover volumes. In a statement on Thursday, the President, ABCON, Alhaji Aminu Gwadabe, said...

States Failed To Remit N41bn VAT – FIRS   The Federal Inland Revenue Service has accused state governments of failing to remit Value Added Tax to the tune of N41bn to the Federal Government’s coffers. The Jigawa State Governor, Abubakar Badaru, disclosed this to State House correspondents...