Muhammad Nami, executive chairman of the Federal Inland Revenue Service (FIRS), has approved the redeployment of top directors in the agency. TheCable gathered that at least 50 directors, deputy directors, assistant directors and over 100 other staff of the agency were affected in the major shake-up. The transfers, it was gathered, was a means of shaping the agency along the lines Mani [...]
Tag "FIRS"
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If you felt intimidated by the public notice on “national enforcement on tax defaulters” issued last week by the Federal Inland Revenue Service (FIRS), let’s say that is just the introduction. By the time President Muhammadu Buhari signs the Nigeria Financial Bill 2019 into law — possibly before January 1, 2020 — your life will never be the same again. [...]
The senate has confirmed the appointment of Muhammad Nami as chairman of the Federal Inland Revenue Service (FIRS). The senate confirmed Nami’s appointment on Wednesday, after considering the report of its committee on finance. It also confirmed Namtek Adamu as chairman of the Asset Management Corporation of Nigeria (AMCON). President Muhammadu Buhari had last week asked the upper legislative chamber to approve both [...]
President Muhammadu Buhari has asked the senate to confirm the appointment of Muhammad Nami as the chairman of the Federal Inland Revenue Service (FIRS). Buhari's request was contained in a letter read by Senate President Ahmad Lawan on the floor of the upper legislative chamber on Tuesday. The president based his request on section 3 subsection 2 of the FIRS act. "Pursuant to [...]
Babatunde Fowler, former chairman of the Federal Inland Revenue Service (FIRS), requested for an extension of his tenure before President Muhammadu Buhari announced his replacement, TheCable can report. Buhari appointed Muhammad Nami, a tax consultant, to replace Fowler whose tenure ended on Monday. In a letter dated December 9, Fowler wrote to Boss Mustapha, the secretary to the government of the federation, requesting [...]
The name, Muhammad Nami, surfaced in the public space sometime in 2017 when he was announced a member of the presidential committee on audit of recovered stolen assets. All the years, Nami seemed to have been in private practice, and until his recent nomination as chairman of the Federal Inland Revenue Service (FIRS), Nami was managing consultant of Manam Professional Services. Two [...]
There has been a fire incident at the headquarters of the Federal Inland Revenue Service (FIRS) in Abuja. According to a statement issued by Wahab Gbadamosi, spokesman of the agency, on Monday, the fire outbreak happened on Saturday. It was said to have affected the store, where old files are kept, located at the annex building of the service. ''There was a fire [...]
The Christian Association of Nigeria (CAN) says the church will defend for Vice-President Yemi Osinbajo in the N90 billion allegation levelled against him. Supo Ayokunle, CAN national president, made this known on Friday when he led a delegate of the association to visit Osinbajo. Timi Frank, a former deputy spokesperson of the All Progressives Congress (APC), had alleged that Osinbajo mismanaged N90 [...]
Timi Frank, former deputy national publicity secretary of the All Progressives Congress (APC), has called on the Federal Inland Revenue Service (FIRS) to stop its attempt to fool Nigerians. Frank had alleged that Vice-President Yemi Osinbajo's trouble with the presidency started when it was discovered that he mismanaged N90 billion made available by the FIRS for 2019 election campaign purposes. But in [...]
The Federal Inland Revenue Service (FIRS) says a total of 23,141 defaulters owe N254 billion in tax liabilities. Babatunde Fowler, executive chairman of FIRS, disclosed this at the 49th annual accountant conference organised by the Institute of Chartered Accountants of Nigeria (ICAN) in Abuja. He said the agency is collaborating with commercial banks to ensure the recovery of defaulted taxes. “FIRS in collaboration [...]
The Buhari Media Organisation (BMO) says it is shameful that a company owned by former president Olusegun Obasanjo is on the list of tax defaulters released by the Federal Inland Revenue Service (FIRS). The account of Obasanjo Farms Nig. Ltd (feedmill) is among the 19,901 accounts placed under lien for owing taxes by the FIRS. In a statement by Niyi Akinsiju and [...]
The recession experienced by the Nigerian economy in 2016 as well as lower oil prices affected the revenue collected by the Federal Inland Revenue Service (FIRS) between 2015 and 2018, Tunde Fowler, the chairman, has said. Despite the challenges, Fowler explained, non-oil revenue such as VAT and company income tax -- which he said are within the control of FIRS -- [...]
It is now almost three years since Isaac Ayoola concluded his National Youth Service Corps (NYSC) programme but with no job in the formal sector yet. His dream has always been to work in the bank and while he waited during those years, he did not waste time upon leaving school to enrol for a software development training to hone [...]
The Federal Inland Revenue Service (FIRS) has budgeted N160 million for sewing of uniforms for its drivers. The service also budgeted N825 million for refreshment and N250 million for security vote. While defending the budget before a joint committee of the national assembly on Monday, Babatunde Fowler, chairman of the agency, said the N160 million was earmarked to sew the uniforms of the [...]
The number of taxpayers in Nigeria has increased from 10 million in 2015 to 14 million in 2017, to 19 million in 2018 and about to hit 45 million in 2019. According to the Joint Tax Board (JTB) led by Tunde Fowler, chairman, Federal Inland Revenue Service (FIRS), Nigerian taxpayer roll will soon hit 45 million. The board says Fowler's FIRS has [...]
Babatunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS), says the service plans to recover N750 billion from 55,000 defaulting taxpayers by extending its account substitution policy. Fowler was speaking in Abuja on Tuesday during a meeting with the joint house committees on finance; appropriations; and aids, loans and debt on the 2019/2021 Medium Term Expenditure Framework (MTEF) and [...]
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