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Tag: Tax Evasion

Era of Tax Evasion over – NFIU Warns Defaulters

The Nigerian Financial Intelligence Unit (NFIU) has warned defaulters that they will no longer get away with tax evasion as the crime is negatively affecting the government’s capacity to meet the yearnings of law-abiding citizens. 

ICPC, FIRS Join Forces to Tackle Tax Evasion, Target N1.9trn

ICPC, FIRS Join Forces to Tackle Tax Evasion, Target N1.9trn   The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr. Musa Adamu Aliyu, SAN has assured the Federal Inland Revenue Service (FIRS) that the Commission will assist the agency to tackle...

FG Losing Revenues As Companies Move To Free Zones – Tax Evasion

FG Losing Revenues As Companies Move To Free Zones - Tax Evasion The Chairman, House of Representatives Committee on Public Accounts, Oluwole Oke, revealed this during a Dialogue on Growth Initiative for Fiscal Transparency (GIFT) in Abuja. It is a dialogue series supported by USAID...

Reps Summon Adebayo Over MTN’s Alleged N2.6trn Tax Evasion

Reps Summon Adebayo Over MTN’s Alleged N2.6trn Tax Evasion   The House of Representatives’ Committee on Public Accounts has vowed to ensure accountability on the capital allowances granted to MTN Nigeria by the Ministry of Industry, Trade, and Investment amounting to N2.6tn. It has, therefore, summoned the...

CITN Says eNaira Will Reduce Tax Evasion

CITN Says eNaira Will Reduce Tax Evasion   The President, Chartered Institute of Taxation of Nigeria, Mr Adesina Adedayo, has said the introduction of eNaira into the Nigerian economy is expected to reduce incidences of tax evasion. Adedayo spoke during a webinar organised by the CITN, with...

Nigeria Lost $178bn To Tax Evasion By Multinationals – FIRS

Nigeria Lost $178bn To Tax Evasion By Multinationals - FIRS         The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, yesterday said the country lost over $178 billion (about N5.4 trillion) through tax evasion by multinationals doing business in the country between 2007 and...