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ABUJA — Rivers’ Nyesom Wike, has said the state is not in a feud with the federal government over the collection of value-added tax (VAT). Governor Wike said this on Sunday in Abuja at a public lecture to mark the 60th birthday of Ahmed Raji, a senior advocate of Nigeria (SAN). The Federal Inland Revenue Service (FIRS) and some state governments are currently embroiled in a legal tussle over VAT collection. But Wike who was...

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ABUAJ — The Federal Inland Revenue Service (FIRS) has earmarked the sum of N2.8bn for “uniforms and clothing” for the year 2022. The tax body has also budgeted about N550m for refreshments and N200m for sporting activities. The FIRS, which is one of the highest revenue-generating government bodies, set aside N262.5m for security votes while N17.8bn would be spent on “miscellaneous” expenses. The details are included in the 2022 budget proposal the agency submitted separately...

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ABUJA — The Attorney General of the Federation and Minister of Justice, Abubakar Malami, has said that the Federal Government, may, at the Supreme Court, challenge states that legislated on the Value Added Tax. Malami said this while answering questions from State House correspondents after the meeting of the Federal Executive Council at the Presidential Villa, Abuja. Responding to his position on VAT and governors’ push for states to take custody of the tax, the...

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No less than 10 Nigerian politicians have been implicated in the Pandora Papers. At least eight African countries are featured in the document. In all, there are 336 politicians listed in the document, according to the International Consortium of Investigative Journalists, which published the earth-shaking papers on Sunday. The ‘Pandora Papers’ is an investigation based on one of the biggest-ever leaks of financial documents which, on Sunday, exposed a hidden world of shielded wealth belonging...

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ASABA — South-South Governors have declared their intention to join Rivers state at the Supreme Court in the ongoing tussle on the collection of Value Added Tax (VAT) by states. In a statement signed by its chairman and governor of Delta, Ifeanyi Okowa, the forum said, “We Unequivocally support the decision for states to collect value-added tax, and resolved to join the suit before the Supreme court.” The decision follows a meeting by the forum...

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KADUNA — The Northern Governors Forum (NGF) has said the collection of value-added tax (VAT) by states will result in inflation in the prices of goods and services. The forum asserted that such a move will also create interstate trade barriers. This resolution was at a meeting with northern state emirs and chiefs in Kaduna on Monday. “VAT is being confused by these State Government as a sales tax. “If every State enacted its own...

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LAGOS — The state government will be able to do more for residents if allowed to collect value-added tax (VAT), according to the Lagos state governor, Babajide Sanwo-Olu. The governor made his point on Sunday at the 61st Independence Day celebration service, held at the Chapel of Christ The Light, Alausa, Ikeja, Lagos state. The FIRS has been embroiled in a legal tussle over VAT collection with the Lagos and Rivers state government in the...

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LAGOS — Lagos State Governor, Mr. Babajide Sanwo-Olu, on Sunday, said the state will do more for citizens if allowed to collect the Value Added Tax. The governor also explained that allowing Lagos to collect VAT is a way of promoting fairness justice, and equity, which are needed for Nigeria to progress at 61. He said this at the 61st national Independence Day Celebration service held at the Chapel of Christ The Light, Alausa, Ikeja,...

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ABUJA — The federal government is considering filing a suit at the supreme court to resolve the ongoing dispute about value-added tax (VAT) collection. Abubakar Malami, attorney-general of the federation (AGF), disclosed this to the News Agency of Nigeria on Wednesday in New York. According to the AGF, the federal government would like the matter to be determined once and for all. He maintained that the FIRS would continue to collect VAT following the directive...

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Udom Emmanuel, governor of Akwa Ibom State, has said the decentralisation of value-added tax (VAT) collection will be beneficial to every state in the country. He made his stand public on Thursday when he featured on an Arise TV programme. According to him, those against the decentralisation of VAT collection can’t envision its hidden potential. Udom opined that the decentralisation of VAT collection will favour every single state in the country. “If my brother states...

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