Governors elected under the All Progressives Congress (APC) are set to meet with members of the National Assembly to address concerns over contentious tax reform bills. The planned meeting follows a Wednesday night session with President Bola Tinubu, key cabinet members, and Speaker of the House of Representatives Tajudeen Abbas. Discussions centered on the tax … Read more
Senator Mohammed Ali Ndume, representing Borno South in the National Assembly, has urged Minister of Finance Wale Edun, the Federal Inland Revenue Service (FIRS), and other economic managers to stop misleading President Bola Tinubu. Ndume made this statement in response to the Federal Government’s plan to increase the country’s tax regime. He expressed concern that … Read more
The Benue State Government has sealed Oracle Business Limited and its subsidiaries for alleged tax evasion amounting to N130 million over the past five years. Addressing journalists during the enforcement exercise, the Acting Executive Chairman of the Benue State Board of Internal Revenue, Sunday Odagba, stated that the operation was aimed at recovering unpaid taxes … Read more
House to Scrutinize Escape of Binance Executive Incident Raises Concerns over Custody Procedures Lawmaker Calls for Prosecution of Responsible Personnel Eko Hot Blog reports that, in a move to uphold accountability, the House of Representatives has resolved to investigate the recent escape of a Binance executive from detention in Nigeria. Editor’s Pick Admiring President Bola … Read more
Tinubu-led Government plans to bar politicians guilty of tax evasion from running for elective offices. Taiwo Oyedele reveals the government’s intentions at a strategic retreat. Nigerian Investment Promotion Commission reports a rise in companies benefiting from tax exemption under the Pioneer Status Incentive scheme. EKO HOT BLOG reports that the Bola Tinubu-led Government intends to … Read more
Binance Tax Evasion Allegations: April 4 Set For Court ApperanceFIRS alleges Binance neglected tax registration and invoicing for services. Further accused of not deducting VAT for crypto transactions, facing charges under tax laws. EKO HOT BLOG reports that the court appearance for Binance Holdings Limited and its executives, Tigran Gambaryan and absconded Nadeem Anjarwalla, regarding tax … Read more
Eko Hot Blog reports that the chairman of the Federal Inland Revenue (FIRS), Zacch Adedeji has said President Bola Tinubu has given a directive for a single-digit tax system in Nigeria. Adedeji spoke on Wednesday when Adebayo Alli, chief executive officer (CEO) of Guinness Nigeria, led a management team of the firm on a visit … Read more
Eko Hot Blog reports that the federal government has filed a criminal charge against Binance, a popular cryptocurrency platform, for “tax evasion”. According to The Cable, the charge was filed before the federal high court in Abuja on March 25 by the Federal Inland Revenue Service (FIRS), according to a statement on Monday. Editor’s Picks … Read more
Eko Hot Blog reports that Nadeem Anjarwalla, one of the two Binance executives detained in Nigeria for alleged tax evasion and other offences, has reportedly escaped from custody of the Department of States Service (DSS). According to Premium Times, sources said Mr Anjarwalla, 38, escaped on Friday, 22 March, from the Abuja guest house where … Read more
EKO HOT BLOG reports that the House of Representatives Committee on Financial Crimes is preparing to enforce its constitutional powers against Binance Holdings Limited after the company failed to attend a public hearing. The hearing aimed to address allegations of terrorism financing, money laundering, tax evasion, and other illicit activities against the digital assets exchange operator … Read more
The entrepreneur, who was born in Gloucestershire, England first came to prominence in the 1980s when he founded his tech company and released McAfee VirusScan Anti-virus software entrepreneur John McAfee has been found dead in a Barcelona prison cell hours after a Spanish court agreed to extradite him to the US to face tax evasion … Read more
The Executive Chairman, Kano State Internal Revenue Service, Mr. Sani Abdulqadir has sought help of the EFCC in combating and investigating tax evasion and avoidance in the state. Read Also: Sanwo Appoints New MD For LASAA He made the plea while on a courtesy visit to the EFCC Kano Zonal Office along with his management … Read more
The Lagos State Internal Revenue Service (LIRS) has recommended the sealing of companies and hospitality firms over unpaid consumption taxes, shutting 14 firms during tax law enforcement on Wednesday. The LIRS Director of Legal Services, Mr Seyi Alade, disclosed this during the state-wide enforcement that two enforcement teams had been mobilised by the service. He … Read more
After her refusal to heed to court summons, the trial of Nollywood actress, Monalisa Chinda-Coker, has been fixed for October. According to an Igbosere court, the alleged tax evasion trial will commence on October 10 after it couldn’t hold on the ealier announced June 5 due to the Eid-el-Fitr holiday. Justice Adedayo Akintoye, at resumed … Read more