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FIRS Generates N4.178trn In 10 Months

FIRS Generates N4.178trn In 10 Months         The Federal Inland Revenue Service on Monday said as of the end of October this year, it had generated N4.178 trillion out of the target of N4.23 trillion for the same period. Coordinating Director, Tax Operations Group of the FIRS,...

FG, States, LGs share N604.004 bn for October, 2020

FG, States, LGs share N604.004 bn for October, 2020. The Federation Accounts Allocation Committee (FAAC), Wednesday at its meeting chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Alh. Aliyu Ahmed shared to the three tiers of government, a total sum...

House Summons Finance Minister, Others Over Non-audit Of 801 MDAs, 110 Foreign Missions

House Summons Finance Minister, Others Over Non-audit Of 801 MDAs, 110 Foreign Missions         The House of Representatives has expressed concern and dissatisfaction over the inability of the office of the Auditor General of the Federation (oAuGF) to audit 801 federal agencies and parastatals and Foreign...

Ex-FIRS boss, Fowler In EFCC Office For Grilling

Ex-FIRS boss, Fowler In EFCC Office For Grilling       The immediate-past Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, is being grilled by operatives of the Economic and Financial Crimes Commission (EFCC). Confirming the development, the spokesperson of the anti-graft agency, Wilson Ewujare told...

2021 Budget: Increasing IGR To Stave Off Debt Accumulation

2021 Budget: Increasing IGR To Stave Off Debt Accumulation         Two things that stood out in President Muhammadu Buhari’s 2021 budget presentation at the National Assembly last week are the desire to steer the economy away from racking up debts to increasing its revenue generation capacity...

Agencies Illegally Took N5.8trn From FG Account – Report

Agencies Illegally Took N5.8trn From FG Account – Report     The Nigerian National Petroleum Corporation (NNPC), the Department of Petroleum Resources (DPR) and the Federal Inland Revenue Service (FIRS), have made illegal deductions from the Federation Account estimated at N5.786 trillion between 2014 and 2017, said...