Day: January 12, 2021

Nigeria’s loss to tax evasion by Multinationals hits $178bn In 10 Years

Precious Ibekwe

  Tax evasion by multinational firms doing business in Nigeria may have cost the government $178 billion between 2007 and 2017, Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, said in Abuja. Though he refrained from giving identities of multinationals evading taxes in Nigeria, Nami said that some multinational corporations were “leading in tax compliance in various sectors.” He expressed worries that “many rich multinational corporations do not pay the right taxes due from them, let alone pay their taxes voluntarily.” The FIRS boss spoke at a “workshop on…

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Nigeria Reviews January 18 School Resumption Date

Dawood Rabiu

  The Nigerian Government has said it was reviewing the January 18, 2021 date earlier fixed for resumption of schools for the 2020/2021 second term across Nigeria. The Government said this on Monday through the Minister of Education, Adamu Adamu, at the briefing of the Presidential Task Force on COVID-19 in Abuja. Adamu, who spoke after the Chairman of the PTF on COVID-19, Boss Mustapha, had painted a gloomy picture of the COVID-19 situation in Nigeria, said: “On the January 18 resumption date, we are reviewing it. “We are going…

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Man uses wife, kids as ‘collateral’ to collect N43,000 at POS shop

Precious Ibekwe

  A Middle-aged man has abandoned his wife and three children in a Point of Sales shop at Oluku near Benin City, the Edo State capital. Reports had it that the man went to the POS shop with his wife and three children, gave his Automated Teller Machine (ATM) Card to the female POS attendant and requested for the sum of Forty-Three Thousand Naira. Unfortunately, the transaction did not go through; the man then pleaded with the POS attendant to give him the Forty-Three thousand naira (N43,000) to give to…

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Kano gets more share than Lagos as Nigeria releases Vaccine sharing formula

Precious Ibekwe

  Kano will have 3,557 vaccine doses while Lagos has 3,131 doses apportioned for it in the new sharing formula for COVID-19 vaccine released by an agency of the Nigerian government. In all, six states – Lagos, Kano, Katsina, Kaduna, Bauchi and Oyo – would receive higher doses of the first batch of COVID- 19 vaccines for health workers, the National Primary Health Care Development Agency (NPHCDA) has said. The breakdown of the data released by the NPHCDA at the weekend showed: Kano, 3,557; Lagos, 3,131; Katsina, 2,361; Kaduna, 2,074;…

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