Analysis: Lagos, Rivers Responsible For 70% of VAT Collected By FIRS in the Last Five Years

EconomyNewsTaxationAnalysis: Lagos, Rivers Responsible For 70% of VAT Collected By FIRS in the Last Five Years

Bada Yusuf Amoo (Correspondent)September 11, 2021

LAGOS — Analysis has revealed that in the last five years, Lagos and Rivers states have contributed about N3.9tn of the N5.6tn of Value Added Tax (VAT) realized by the Federal Inland Revenue Service (FIRS), a Federal Government agency responsible for the collection of VAT on behalf of states and the Federal Capital Territory. From the data available on the website of the FIRS, it was gathered that the agency generated N5.6tr VAT in the...

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Highlights of VAT Bill Proposed, Passed and Signed Into Law This Week In Lagos

EconomyNewsTaxationHighlights of VAT Bill Proposed, Passed and Signed Into Law This Week In Lagos

Bada Yusuf Amoo (Correspondent)September 11, 2021

LAGOS — This week, a bill sought to empower the Lagos State Government to collect Value Added Tax (VAT) was proposed, it passed the first and second reading in the State House of Assembly. 24 Hours after the bill was passed by the Legislature, the Lagos state Governor, Babajide Sanwo-Olu, signed the bill into law on Friday. In a statement by the State Commissioner for Information and Strategy, Gbenga Omotoso, “The governor signed the ‘bill...

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Rivers Generated N15bn in June 2021 Got N4.7bn While Kano Got Amount It Made – Wike Blows Hot On VAT

EconomyTaxationRivers Generated N15bn in June 2021 Got N4.7bn While Kano Got Amount It Made – Wike Blows Hot On VAT

Bada Yusuf Amoo (Correspondent)September 8, 2021

PORT HARCOURT — The Governor of Rivers State, Nyesom Wike, has, on Wednesday, said no going back on the move to stop the Federal Government from collecting Value Added Tax (VAT) from the oil-rich State. The Rivers Governor said he does not care if heaven falls, insisting that the state money is not meant for “Abuja people” but for the development of the state. Wike spoke at a stakeholders’ meeting in Port Harcourt, the state...

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Over 5000 Job Seekers Apply For 100 Vacancies At Nasarawa Polytechnic

JobsNewsNigeriaOver 5000 Job Seekers Apply For 100 Vacancies At Nasarawa Polytechnic

Bada Yusuf Amoo (Correspondent)September 8, 2021

Not less than 5,540 applicants have applied for the 100 vacancies approved by the Nasarawa State Government at the Isa Mustapha Agwai Polytechnic, Lafia. The Rector of the Polytechnic, Dr. Justina Kotso, made this known on Tuesday in Lafia, the state capital when the management of the institution appeared before the State House of Assembly Committee on Education for its 2021 budget assessment. She explained that the Polytechnic was able to screen the 5,540 applicants...

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It Is Unconstitutional To Seek NCC Permission Before Transmitting Election Results Electronically – INEC

NewsNigeria ElectionsIt Is Unconstitutional To Seek NCC Permission Before Transmitting Election Results Electronically – INEC

Bada Yusuf Amoo (Correspondent)September 8, 2021

ABUJA — The Independent National Electoral Commission (INEC) has rejected the resolution of the National Assembly on the need for it to seek the approval of the Nigerian Communications Commission (NCC) to transmit election results electronically. INEC also argued that the decision of the National Assembly to subject its constitutional power to conduct elections to the NCC was absolutely unconstitutional. During the debate on Section 52(3) of the Electoral Amendment Act Bill, the section dealing...

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Desperate FIRS Writes National Assembly, Wants VAT In The Exclusive List

NewsNigeriaTaxationDesperate FIRS Writes National Assembly, Wants VAT In The Exclusive List

Bada Yusuf Amoo (Correspondent)September 8, 2021

ABUJA — The Federal Inland Revenue Service (FIRS) has written to the National Assembly, seeking for the inclusion of Value Added Tax (VAT) collection in the Exclusive Legislative List in order for it to retain the collection of VAT. The Federal Tax collector is also asking the Federal lawmakers to approve the establishment of the Federal Revenue Court of Nigeria. On August 10, a Federal High Court in Port Harcourt delivered a judgment to retrain...

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Tuface Teams Up With Bongos Ikwue On New Project

EntertainmentMusicTuface Teams Up With Bongos Ikwue On New Project

Bada Yusuf Amoo (Correspondent)September 7, 2021

Nigerian music legends, Tuface and Bongos Ikwue, have joined vocal forces in a new song titled, ‘Searching’, to delight their fans. Popularly known as 2Baba, the music star took to his verified Instagram page to share part of the music video as he expressed his excitement for collaborating with the veteran musician. “I had the absolute honour to record with the legend Bongos Ikwue @officialbongosikwue,” part of his message read in the caption section. Moreso,...

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Crime & SecurityNewsNigeriaRetired NBC Director, Daughter, Others Abducted In Katsina

Bada Yusuf Amoo (Correspondent)September 7, 2021

KATSINA — On Tuesday, suspected gunmen abducted a former General Manager of the Katsina State Television, Alhaji Ahmed Abdulkadir, and his teenage daughter. Abducted Abdulkadir is also a retired director with the National Broadcasting Commission (NBC). Residents in the area disclosed that the gunmen stormed his residence at Shema Quarters, Bakori Local Government Area of Katsina State in the early hour of Tuesday, and started shooting indiscriminately into the air before taking him and his...

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NLC Begins Review of Labour Law In Nigeria

LabourNewsNigeriaNLC Begins Review of Labour Law In Nigeria

Bada Yusuf Amoo (Correspondent)September 7, 2021

CALABAR — The Head of the Research Department of the Nigeria Labour Congress (NLC), Dr. Onoho’Omhen Ebhohinhen, said the congress is working on the review of Labour Law in Nigeria. The NLC disclosed said this on Tuesday while having a chat with newsmen at a media round table and strategy design on civil space for the Power of Voices Partnership Project in Calabar. Ebhohinhen maintained that the review was to ensure that the labour laws...

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Customers Stranded As Imo Government Shuts Banks Over IPOB Sit-At-Home Order

BusinessNewsPoliticsCustomers Stranded As Imo Government Shuts Banks Over IPOB Sit-At-Home Order

Bada Yusuf Amoo (Correspondent)September 7, 2021

OWERRI — On Tuesday, hundreds of bank customers were left stranded as the officials of the Imo State Government shut all the banks on Bank Road in Owerri, the Imo State Capital. Journalists who visited the area around 9am saw hundreds of banks customers waiting at various banks. The affected banks included Access, Polaris, First Bank, Eco Bank, and United Bank for Africa. The journalists observed customized ribbons the officials of the state government used...

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