No Plan To Increase VAT, Others – Fed Govt       The Federal Government has refuted speculations it plans to increase the Value Added Tax (VAT) and other taxes in its proposed Finance Bill. Minister of Finance, Zainab Ahmed, who spoke while defending the Ministry’s budget before the...

FG Not Monitoring 240 Revenue-generating Agencies - Senate       The Senate on Thursday expressed worry over the failure of agencies to remit revenues into the purse of the Federal Government. It also challenged the Office of the Accountant General of the Federation to develop a modern software...

INVESTIGATION: Nigerian Recovered Assets Suffering ‘neglect’ After Final Forfeiture     NEWS DIGEST - This report takes a look at how Nigerian government failed to ensure proper utilization of recovered assets, together with the challenges of poor assets management by anti-graft agencies. Assets recovery is a major activity...

OML 112: Court Restrains RMAFC, AGF From Deducting Rivers' Allocation   The Federal High Court, Abuja, has restrained the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) from deducting money from Rivers statutory allocation in respect of the OML 112 Offshore. The court on Monday, in Abuja,...

MTN $1.3bn Tax suit Against FG for hearing Dec. 3 A Federal High Court sitting in Lagos, will on Dec. 3 hear a suit by MTN Nigeria Communication Ltd against the Attorney General of the Federation challenging the legality of N242 billion and 1.3 billion...

Implementing PFM Reforms Our Goal- AGF. The Accountant-General of the Federation(AGF), Mr. Ahmed Idris has expressed the commitment of the Treasury under his leadership to fully implement all the Public Finance Management (PFM) reforms, particularly the Integrated personnel payment Information system, (IPPIS) as directed by...