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Nigeria seeks advice on Illicit flows, tax evasion by multinationals

Video: Charles Okocha Celebrates Buying New Jeep

The Federal Government has taken twin issues of illicit financial flows, and tax evasion being committed by multinational companies to the international community for possible solutions that would stem the tide. However, Nigeria has been advised to evolve an efficient disaster response ready for any eventuality, as natural disasters are currently sweeping across countries, even […] …

IN DETAIL: Nigerians now to pay tax on foreign income and assets — or face the law

IN DETAIL: Nigerians now to pay tax on foreign income and assets — or face the law

President Muhammadu Buhari on Wednesday signed an executive order directing Nigerian taxpayers to voluntarily declare and pay tax on their offshore assets. The new executive order No. 8 is tagged
The post IN DETAIL: Nigerians now to pay tax on foreign income and assets — or face the law appeared first on TheCable. …

Ajimobi, Alao-Akala’s relationship worsens over alleged tax evasion

THE frosty relationship between the incumbent Governor, Senator Abiola Ajimobi and former governor Adebayo Alao-Akala worsened Thursday following the sealing of one of the business concerns of the latter in Ibadan metropolis.
Continue reading Ajimobi, Alao-Akala’s relationship worsens over alleged tax evasion at Vanguard News. …

Rivers government seals NDDC headquarters over tax evasion

The Rivers State government has sealed-off the headquarters of the Niger Delta Development Commission (NDDC) in Port Harcourt over alleged N1.8 billion tax evasion. Leader of the state Internal Revenue Board’s enforcement team, Ndenbo Manson, said the commission failed to remit taxes to the state government for several years. The Guardian learnt that the revenue […] …

Tax evasion: Customers groan as 3 banks remain sealed in Benue

Customers of Access Bank, UBA and Ecobank in Benue have continued to groan following the seal up of their premises by the Board of Internal Revenue Service (BIRS), over alleged tax default. The News Agency of Nigeria (NAN) reports that the banks were sealed along with three other financial institutions on April 18, by the […] …

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