World News

Jul
10
2022
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By Thewhisperer
Sri Lankan President To Resign Wednesday As Protesters Break Into Palace, Use Swimming Pool, Bed, Others

Sri Lankan President To Resign Wednesday As Protesters Break Into Palace, Use Swimming Pool, Bed, Others

World News
The Speaker of the Sri Lankan Parliament, Mahinda Yapa Abeywardena has said the President, Gotabaya Rajapaksa will resign effective on Wednesday, July 13, 2022. Earlier on Saturday, Rajapaksa was forced to flee his residence in Colombo as thousands of protesters laid siege to the compound, RT reported. However, the parliamentary speaker announced this in a televised statement on Saturday night. According to him, “to ensure a peaceful transition, the president said he will step down on July 13.” The announcement came hours after Prime Minister Ranil Wickremesinghe declared that he would also be willing to step down, paving the way…
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Jul
07
2022
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By Thewhisperer
BREAKING: Boris Johnson resigns as British Prime Minister

BREAKING: Boris Johnson resigns as British Prime Minister

World News
Prime Minister Boris Johnson has agreed to resign, his office said Thursday, ending an unprecedented political crisis over his future that has paralyzed Britain's government. An official in Johnson's Downing Street office confirmed the prime minister would announce his resignation later. The official spoke on condition of anonymity because the announcement had not yet been made. Johnson had rebuffed calls by his Cabinet to step down in the wake of ethics scandals. He gave in after more than 40 ministers quit his government and told him to go. It was not immediately clear whether Johnson would stay in office while…
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Jul
01
2022
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By Thewhisperer
VAT Row: Court of Appeal Rules In Favour of FIRS

VAT Row: Court of Appeal Rules In Favour of FIRS

Business
The Court of Appeal, sitting in Lagos today has upheld the appeal filed by the Federal Inland Revenue Service (FIRS), against the Lagos Hotel Owners Association of Nigeria. The Court of Appeal set aside the Federal High Court judgment in favour of the Association. In 2019, the Association had gotten a judgment from the Federal High Court sitting in Lagos, whereby the court had invalidated the powers of the FIRS to collect VAT from the members of the Association. The FIRS thereafter appealed the judgment at the Court of Appeal. Today judgment has affirmed the authority of FIRS to collect…
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Jun
21
2022
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By Thewhisperer
Peter Obi’s $12.24m Investment For Anambra Now Worth $5.4m – Anambra State Govt Reveals

Peter Obi’s $12.24m Investment For Anambra Now Worth $5.4m – Anambra State Govt Reveals

Business
An investment of $12.24 million made by Peter Obi as Anambra State governor on behalf of the state government in International Breweries is now down to $5.38 million. Peter Obi had claimed in an interview with Arise TV in 2018 that he invested over $20 million in International Breweries on behalf of Anambra state as a governor, and that the investment was worth almost $100 million at the time. In the interview, Obi said, “Tomorrow, they are commissioning a facility in Sagamu, International Breweries, the biggest brewery in Africa. Anambra state is the single highest shareholder in that facility, I…
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Jun
21
2022
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By Thewhisperer
Soludo debunks claim on Obi’s $20m investment, says it’s fake news

Soludo debunks claim on Obi’s $20m investment, says it’s fake news

Business, Politics
Chukwuma Soludo, governor of Anambra, has debunked a statement credited to him that a purported investment of Peter Obi, the presidential candidate of Labour Party, in the state has yielded returns. Obi served as Anambra governor three different times from 2006 to 2014, owing to a series of legal battles occasioned by impeachment and issues on election schedule. The former Anambra governor’s presidential ambition has gained popularity among Nigerian youths on social media. In May, there were posts on social media claiming that Soludo said Obi invested $20 million in SABMiller Plc, now AB InBev, on behalf of the state…
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Jun
20
2022
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By Thewhisperer
Woman discovers ‘husband’ to be female, 10 months after marriage

Woman discovers ‘husband’ to be female, 10 months after marriage

World News
A woman only found out that her husband was a woman in disguise 10 months after their wedding day. The 22-year-old woman, who has been identified by her initials NA, shared her story on social media after the case made headlines. It comes after the accused, who is referred to by their initials AA, appeared before the Jambi District Court in Indonesia on Tuesday, June 14. The victim claimed that she matched with the scammer on a dating app in May 2021, according to a report by The Nation. The accused pretended to be a male US-trained surgeon and a…
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Jun
10
2022
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By Thewhisperer
FIRS To Commence Nationwide Monitoring On Tax Compliance

FIRS To Commence Nationwide Monitoring On Tax Compliance

Business, News
Visits to include MDAs, NGOs, other corporate bodies... The Federal Inland Revenue Service (FIRS) has stated that it would embark on a nationwide Value Added Tax (VAT) and Withholding Tax (WHT) compliance exercise from July, 2022. This information is contained in a public notice announcing the compliance monitoring exercise, and signed by the FIRS Executive Chairman, Muhammad Nami. The exercise is coming on the heels of an earlier notice by the Service to commence the enforcement and recovery of unremitted tax deductions owed the Federation by some States and Local Governments. The VAT and Withholding Tax Compliance Monitoring exercise will…
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Jun
01
2022
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By Thewhisperer
FIRS To Commence Recovery of Unremitted Tax Deductions By States, Local Governments

FIRS To Commence Recovery of Unremitted Tax Deductions By States, Local Governments

Business
The Federal Inland Revenue Service (FIRS) has stated that it will commence the process of enforcement and recovery of unremitted tax deductions owed by some States and Local Governments in Nigeria. This decision is contained in a Public Notice, signed by its Executive Chairman, Muhammad Nami, where the tax authority noted that most States and Local Governments have failed to remit to the Service Withholding Tax (WHT) and Value Added Tax (VAT) deductions from payments made to contractors and service providers by them as required by law. The Notice, highlighting relevant portions of the Companies Income Tax Act (CITA) and…
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May
23
2022
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By Thewhisperer
Nigeria Did Not Endorse The OECD Minimum Corporate Tax Agreement In The Country’s Best Interest – FIRS

Nigeria Did Not Endorse The OECD Minimum Corporate Tax Agreement In The Country’s Best Interest – FIRS

Business
Nigeria’s cautious approach to the endorsement of the Organization for Economic Cooperation and Development (OECD)/ G20 Inclusive Framework two-pillar solution to the taxation of the digital economy is in the best interest of the country, and to ensure that Nigeria does not lose out on potential revenue from the digital economy. This was explained in a statement issued to the press by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, on Monday. Explaining in his statement, why the agreement is unfair to Nigeria and the developing countries in general, Muhammad Nami stated that the country, having…
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May
16
2022
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By Thewhisperer
FIRS Lists Nigeria’s 2021 Top-Performing Taxpayers; Hails Taxpayers For Compliance, Payment and Support

FIRS Lists Nigeria’s 2021 Top-Performing Taxpayers; Hails Taxpayers For Compliance, Payment and Support

Business
The Federal Inland Revenue Service (FIRS) has listed Nigeria’s top-performing taxpayers in the year 2021, and commended them for their exceptional efforts in contributing towards providing the necessary funds for the government to meet its social contract with the Nigerian citizens, despite the harsh economic conditions imposed by the COVID-19 pandemic. The FIRS, in a Press Release signed by the Executive Chairman, Muhammad Nami, appreciated the country’s taxpayers, noting that without them the Service would not have been able to achieve the feat it recorded in 2021 where it surpassed its tax collection target for the year and crossed the…
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