By abiodun KOMOLAFE When our forefathers came up with the wise saying that ‘the earnest wish of potters is for earth to be clay’, it was not only worthy of commendation but also no mean achievement. The beauty of the adage is that, in some 1000 years to come, it will still be relevant. So, … Read more
By abiodun KOMOLAFE There is nothing wrong with a very big dream. What is wrong is not having a dream at all. But with a dream, there’s also the possibility of a deluge of hindrances to its actualization. So, dreamers don’t go to the office to sleep. They go to the office to work. Actually, … Read more
EKO HOT BLOG reports that President Bola Tinubu, on Thursday, appointed Zaccheus Adedeji as the acting chairman of the Federal Inland Revenue Service. The appointment was announced by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale. EDITOR’S PICKS Group Demands Investigation Into Alleged Corrupt Verdicts By Election Petition Tribunals Police Declare Killer Of … Read more
Eko Hot Blog reports that The Federal Government has discovered a significant debt amounting to approximately N6 trillion owed to 11 ministries, departments, and agencies (MDAs) by individuals and corporate entities. The discovery was made through the consolidation efforts of the Debt Analytics & Reporting Application of the Ministry of Finance, Budget and National Planning. … Read more
Govs are scheduled to have a meeting with various agencies including EFCC, ICPC, FIRS, and CBN regarding security votes. The meeting is scheduled to take place on April 4th, which is tomorrow. The meeting will take place virtually. EKO HOT BLOG reports that Governors of the 36 states of the federation are to meet tomorrow … Read more
The Lagos government has taken a significant step in its efforts to reform the tax system in the state. The government signed a deal with the federal government to enhance the system’s efficiency. The state governor expressed hopes that the agreement will help to check double taxation and widen the tax base. Eko Hot Blog … Read more
FG is set to sanction FIRS, NNPC, and other MDAs for engaging in backdoor recruitment. EKO HOT BLOG reports that the Federal Government has threatened to sanction the Federal Inland Revenue Service, Nigeria National Petroleum Corporation Limited, Central Bank of Nigeria, and the Nigeria Customs Service, among other MDAs, for secret recruitment into federal civil … Read more
The Federal Government has provided clarification over the weekend about the debate around the collection of taxes from internationally recognised online gambling providers. Eko Hot Blog reports that the explanation followed a recent announcement by the Federal Inland Revenue Service (FIRS) that it has started levying internet gaming companies directly for taxes. EDITOR’S PICK JUST … Read more
Court rules: FIRS can collect VAT from Lagos hotel owners …VAT is a consumption tax payable when goods are purchased and services are rendered. EDITOR’S PICK: BREAKING: NollyWood Actress Jenifa, Husband JJC Skillz Marriage Crashes JUST IN: Trouble As Gateman Impregnates Boss Daughter In Lagos JUST IN: Again, Another 3 Year Old Boy Declared Missing … Read more
Federal High Court in Abuja has convicted two officials of the Federal Inland Revenue Service (FIRS), Mohammed Adamu and Okoro Eunice Udokanmma. …The two were convicted of falsifying personal income tax clearance certificates for some individuals EDITORS PICK [BREAKING] 2023: Goodluck Jonathan Opens Up On ‘Contesting’ For President [BREAKING] 2023: Protesters Storm Jonathan’s Office In … Read more
The Minister of Police Affairs, Muhammad Dingyadi, had said the implementation of the new salary package for police officers would start by January 2022 He described the report of the planned protest by officers as an “attempt by unscrupulous individuals to bring the Force to disrepute… EKO HOT BLOG reports that the Inspector-General of Police, … Read more
The opposition party also challenged the APC to publish the names and details of those it claimed to be sponsors of terrorism… EKO HOT BLOG reports that the Peoples Democratic Party (PDP) has described the President Muhammadu Buhari-led All Progressives Congress (APC) administration as a government of liars, for the liars and by the liars. … Read more
FIRS Generates Record-Breaking Revenue In 2021 The Federal Inland Revenue Service (FIRS) has raked N6.4 trillion as revenue in 2021, the highest in its history. The 2021 revenue collection surpassed the N5.3 trillion generated in 2019 when Babatunde Fowler was the head. Johannes Oluwatobi Wojuola, the special assistant on media and communication to the chairman … Read more
House of Reps committee on public accounts has called for an explanation on controversies of tax holiday. EKO HOT BLOG reports that the House of Representatives Committee on Public Accounts has invited the Ministry of Industry, Trade and Investments, Niyi Adebayo; Minister of Justice and Attorney-General of the Federation, Abubakar Malami (SAN); and the Federal … Read more
The communique indicated that total revenue distributable for the month included gross statutory revenue of ₦477.504 billion, VAT of ₦166.228 billion The Federation Accounts Allocation Committee (FAAC) has shared a total of ₦696.965 billion as federation allocation for the month of August. Oshundun Olajide, a Deputy Director of Information at the Office of Accountant General … Read more
…the respondents have been given two days to file their response, while the applicants were given a day to reply on the point of law. The Appeal Court sitting in Abuja has ordered all parties to maintain status quo and refrain from taking action that would give effect to the judgement of a Federal High … Read more
Rivers Governor Nyesom Wike has directed businesses in the state to shun the Federal Inland Revenue Service (FIRS) and remit their VAT to his government. As Value Added Tax (VAT) in Nigeria continues to linger, Governor Nyesom Wike of Rivers, has asked businesses in the state to shun the Federal Inland Revenue Service (FIRS). While … Read more
“As the decision is being appealed and given the pending applications for injunction and stay of execution which the FIRS has filed in court against the judgement, members of the public are advised to continue complying with their Value Added Tax obligations.” The Federal Inland Revenue Service (FIRS) on Sunday said it had appealed a … Read more
The FIRS’ decision to integrate its tax collection and management function with the NIMC database comes just after the FRSC has said that it will only issue driver’s licences to applicants with NIN The Nigerian Immigration Service has also said it will request the NIN to issue or renew passports The Federal Inland Revenue Service … Read more
Nigerian government on Thursday revealed that it has replaced the Federal Inland Revenue Service (FIRS) with the Nigeria Postal Service (NIPOST) as stamp duty collector. The two government agencies had been at loggerheads over whose responsibility it is to collect the Stamp Duty charge for the government Nigerian government on Thursday revealed that it has … Read more