Barely 24 hours after the President of the Senate, Senator Ahmad Lawan, expressed support for continued collection of the Value Added Tax (VAT) nationwide by the Federal Inland Revenue Service’s (FIRS’) in spite of the legal tussles between the agency and state governments over collection of the consumption tax, the Federal Government on Thursday also […]
The 36 State Governments in Nigeria have filed a suit at the Supreme Court against the Federal Government over its alleged failure to remit funds and other recovered assets into the federation account. The suit dated March 9, 2021 with number SC/395/2021 was filed on June 16, 2021 on behalf of the plaintiffs and has […]
The Securities and Exchange Commission (SEC) in partnership with the Attorney General Alliance Africa (AGA-Africa) will train law enforcement agencies, lawyers and the public on prevention of Ponzi scheme frauds in the country. A statement issued by a joint committee of SEC and AGA-Africa on Sunday indicated that the two-day webinar training with the title […]
In furtherance of its fiscal policy objectives of translating the recovered assets into funds, the Federal Government has invited bidders to bid for the sundry assets. The assets, which were recovered or forfeited by suspects facing corruption charges and are located in 25 states, include vehicles, ships, plants, boats, and machinery as well as electronics […]