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MTN, Airtel, as well as money deposit banks in Nigeria have been appointed by the Federal Inland Revenue Service (FIRS) to withhold Value Added Tax (VAT) charged on all taxable supplies made to them, and remit to the Service. This is contained in a Public Notice the FIRS issued on the 7th of November, signed by its Executive Chairman, Muhammad Nami, where it explained the role of the companies as well as the obligations of their suppliers with regards to the withholding of Value Added Tax. “This Notice is given to all persons carrying on trade, profession or business of…

Sonia, the daughter of federal lawmaker, Ike Ekweremadu, on Monday appeared in court accused of trafficking a homeless man into the United Kingdom to harvest his organs for herself. According to Daily Mail, the younger Ekweremadu, was accused alongside her father Ike Ekweremadu, 60, her mother Beatrice Ekweremadu, 56, and 50-year-old doctor Obinna Obeta of conspiracy to arrange the travel of another person with a view to exploitation. It was reported that Ms Ekweremadu has not entered a plea but a trial date has been set for January. Sonia has a kidney-related disease and has been on dialysis for some…

Following the escalating insecurity in recent times especially at the wake of a terror alert by the United States on Abuja, a leading online media company in Nigeria, ABN TV has announced the postponement of its 2022 service awards earlier billed to hold in this year. The organisation says it is concerned about the safety of guests who will be flying in from various parts of the country and beyond, announcing that the award ceremony will take place at a later date when security situations improve. Addressing newsmen in Abuja on Monday, the chairman central planning committee of ABN TV…

The presidential candidate of the African Action Congress, Omoyele Sowore, has mocked the spokesperson for the presidential campaign of the Peoples Democratic Party, Dino Melaye, following a cash donation the latter made to a foundation, linking it to the announced redesign of Naira notes. The incident happened during the memorial service/evening of tributes for late human rights activist, Ariyo Dare-Atoye, on Saturday. Making a pledge of a N500, 000 annual donation to an education fund for the deceased’s children, Melaye said, “They told me that there is a plan for a foundation, education foundation for the children, I am so…

A plane belong to Precision Air has crashed into Lake Victoria in Bukoba in Tanzania’s Kagera region on Sunday. According to The Punch, rescue efforts are underway. See photos below:

Tax dialogues, which provide a platform for exchange of diverse ideas on taxation, have been described as a tool for engendering tax compliance through collective ownership of the tax system, as well as a means to strengthening tax systems. Speaking at the 2022 Kaduna State Tax Dialogue, held in Kaduna State today, Mr. Muhammad Nami, Executive Chairman of the Federal Inland Revenue Service (FIRS) stated that dialoguing on tax was very necessary for inclusivity, fairness and pooling expert ideas to aid tax policy formulation, which ultimately strengthens tax administration. “Dialoguing on tax is very important for many reasons,” he stated.…

The naira’s value has continued to fall, tumbling to a new low of N1005 to the British pound sterling on the parallel exchange platform Aboki Forex on Saturday. Checks by online newspaper, Peoples Gazette revealed that the naira traded at N1005 against the British Pounds Sterling and N890 to a dollar. The rapid depreciation of the country’s currency follows a prolonged ban on bureau de change operators and the Central Bank of Nigeria’s finalised plans to redesign the national currency. Godwin Emefiele, the governor of the central bank, declared in October that new naira notes would be released by December…

The Chief Whip of the Senate, Senator Orji Uzor Kalu, has facilitated the construction of thirty five additional road projects for his Abia-North Senatorial District. According to findings the road projects are located across the local government areas of the district with others in the Southern and Central Senatorial Districts. Further confirming the report, the Abia North Senator who spoke with journalists at his Abuja residence expressed delight at the more than thirty five road projects he facilitated through the Federal Roads Maintenance Agency (FERMA) in the 2022 budget. The roads are: 1. Construction of AMAOGUDU township road with Asphalt…

SOME State governors are devising means to launder money they stashed in houses, chairman of the Economic and Financial Crimes Commission (EFCC) Abdulrasheed Bawa has revealed. Bawa, who did not name the concerned governors, said in an interview with Daily Trust that the Commission is closely monitoring the state chief executives. According to Bawa, the EFCC is aware of plans by three governors to infiltrate the system with money through table payment of their state workers’ salaries. The development is coming after the Central Bank of Nigeria (CBN) announced on October 26 that it would redesign the country’s currency over…