World News

BREAKING: South Africa’s Archbishop Desmond Tutu dies at 90

BREAKING: South Africa’s Archbishop Desmond Tutu dies at 90

South Africa's Archbishop Desmond Tutu dies at 90 Archbishop Desmond Tutu, the Nobel Peace prize laureate who helped end apartheid in South Africa, has died aged 90. President Cyril Ramaphosa said the churchman's death marked "another chapter of bereavement in our nation's farewell to a generation of outstanding South Africans". He said Archbishop Tutu had helped bequeath "a liberated South Africa". Tutu was one of the country's best known figures at home and abroad. A contemporary of anti-apartheid icon Nelson Mandela, he was was one of the driving forces behind the movement to end the policy of racial segregation and…
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Assessing Nami’s Two Years At The Helm Of The Federal Inland Revenue Service

Assessing Nami’s Two Years At The Helm Of The Federal Inland Revenue Service

By Bernard Okri In the second week of December 2019, when President Muhammadu Buhari announced the nomination of a certain Muhammad Nami to be the forerunner of the Federal Inland Revenue Service, many were taken by surprise. Known very well to staff of the FIRS, who he met during his many visits seeking tax clearance and other regulatory documents for his client, Nami was not your populist political appointee at that time. His resume was not partisan. But bold on his resume was the fact that he was a tax man. He had risen at the PKF International to the…
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How Muhammad Nami’s Giant Strides, Competency And Transparency Is Repositioning FIRS To An Apex Agency

How Muhammad Nami’s Giant Strides, Competency And Transparency Is Repositioning FIRS To An Apex Agency

How Muhammad Nami's Giant Strides, Competency And Transparency Is Repositioning FIRS To An Apex Agency According to a famous quote attributed to Theodore Isaac Rubin, it said “Happiness does not come from doing easy work, but from the afterglow of satisfaction that comes after the achievement of a difficult task that demanded our best.” That is what can simple describe the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, a man who has been working tirelessly to see a new beginning of his agency vested with the massive responsibility to generate revenue for the country. Since…
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FIRS TO INSTITUTE TAX COMPLIANCE MEASURES ON OPERATORS IN THE MARITIME AND AVIATION INDUSTRY

FIRS TO INSTITUTE TAX COMPLIANCE MEASURES ON OPERATORS IN THE MARITIME AND AVIATION INDUSTRY

FIRS TO INSTITUTE TAX COMPLIANCE MEASURES ON OPERATORS IN THE MARITIME AND AVIATION INDUSTRY The Federal Inland Revenue Service (FIRS) has stated that it would commence back-end tax audit on operators in the maritime and aviation industries. The Executive Chairman, Muhammad Nami, disclosed this Thursday (October, 28, 2021) while delivering an address at the Pedabo Thought Leadership Breakfast Session, focused on tax issues and the impact on development in the maritime and aviation industry, held in Lagos State. “The FIRS will soon launch a tax audit exercise on operators in the maritime and aviation industries.” He stated, adding that “Back-end…
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FINANCE BILL 2021: “Our Tax System Must Work For Every Nigerian” — FIRS Executive Chairman

FINANCE BILL 2021: “Our Tax System Must Work For Every Nigerian” — FIRS Executive Chairman

FINANCE BILL 2021: “Our Tax System Must Work For Every Nigerian” — FIRS Executive Chairman The 2021 Finance Bill must be tailored towards enabling an efficient tax system that works for every Nigerian. This was the position of the Federal Inland Revenue Service (FIRS) disclosed by its Executive Chairman, Muhammad Nami to journalists after a stakeholder engagement on the Finance Bill 2021, today at the House of Representatives, Abuja. “Our laws and policies must first and foremost work for the Nigerian people who we have either been elected or appointed to serve.” Nami stated. “Whatever proposals that have been submitted…
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BREAKING: Burkina Faso Government Resigns Over Insecurity

BREAKING: Burkina Faso Government Resigns Over Insecurity

Burkina Faso Government Resigns Over Insecurity Burkina Faso is one of the world’s poorest countries and its armed forces are ill-equipped to tackle highly mobile jihadists. Burkina Faso’s premier and Government resigned on Wednesday, following protests over their inability to prevent Jihadist attacks. President Roch Marc Christian Kabore accepted the resignation letter presented to him by Prime Minister Christophe Joseph Marie Dabire, in accordance with a presidential decree. According to the law of Burkina Faso, the resignation of a prime minister requires the resignation of the entire government. Dabire, on his Facebook page urged citizens to “support the president… and…
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Despite Rising Food Prices, NBS Says Nigeria’s Inflation Drops To 15.99%

Despite Rising Food Prices, NBS Says Nigeria’s Inflation Drops To 15.99%

Despite Rising Food Prices, NBS Says Nigeria’s Inflation Drops To 15.99% The National Bureau of Statistics has said that Nigeria’s inflation rate declined for the seventh consecutive month to 15.99 per cent in October The Statistician General of the Federation, Simon Harry disclosed this on Monday in Abuja while presenting the details of the Consumer Price Index report for October. The claim by the NBS contradicts the current economic realities in the country where the prices of food and services have been trending upwards. In recent times, the skyrocketing food prices in major cities across the country are being reported…
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Saif al-Islam, Son Of Former Libyan Leader Gaddafi To Run For President

Saif al-Islam, Son Of Former Libyan Leader Gaddafi To Run For President

Son of the former Libyan leader, Muammar al-Gaddafi, Saif al-Islam Gaddafi has registered as a presidential candidate for the December 24 poll, the country’s electoral commission says. While Saif al-Islam al-Gaddafi is likely to play on nostalgia for the era before the 2011 uprising that swept his father from power, analysts say he may not be a front runner, AlJazeera reports. “Saif al-Islam al-Gaddafi submitted … his candidacy for the presidential election to the High National Electoral Commission office in the [southern] city of Sebha,” a statement by the commission said on Sunday. Gaddafi is one of the most prominent…
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FIRS Boss Promises To Tackle Global Challenges To Taxation 

FIRS Boss Promises To Tackle Global Challenges To Taxation 

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, a renowned tax administrator has been elected by the 47 member countries of the Commonwealth Tax Administrators Forum (CATA) as its 15th President for a three-year tenure. The newly elected President of CATA brings in decades of experience in taxation and administration both in private and public sectors. In his acceptance speech read during the virtual conference of the Forum, Nami thanked all members of CATA for the confidence they have reposed in him by electing Nigeria as President, noting that it is a call to duty. He…
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First Bank Holdings GMD, U.K Eke, Resigns Amid Leadership Tussle Between Otedola, Hassan-Odukale, May Join Abia Guber Race

First Bank Holdings GMD, U.K Eke, Resigns Amid Leadership Tussle Between Otedola, Hassan-Odukale, May Join Abia Guber Race

First Bank Holdings GMD, U.K Eke, Resigns Amid Leadership Tussle Between Otedola, Hassan-Odukale, May Join Abia Guber Race The Group Managing Director of First Bank Nigeria Holdings, Urum Kalu (U.K) Eke, has resigned from his position before the end of his tenure amid a leadership tussle at the lender. U.K Eke was appointed in 2016 as the GMD of FBN Holdings. He has however tendered his resignation to the company since August 10, 2021, but expected to exit his position by December 31, 2021. First Bank claimed retirement led to Eke’s resignation, while also stating that he has served two…
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