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

  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’s COVID-19 daily infection cases hit 1,204, highest since outbreak

  Nigeria has recorded its highest single-day Coronavirus Disease infection with 1,204 new cases on Monday. The country has never recorded this figure since outbreak of the dreaded infection in the Africa’s most populous nation in March, 2020. The Nigeria Centre for Disease Control made the revelation on its Twitter handle on Monday. Before now, the highest single-day infection was 1,145 recorded on December 17, 2020. The second highest single-day infection before that of Monday was the December 23, 2020 figure of 1,133. The epicentre of the pandemic in Nigeria,…

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Bola Tinubu hospitalised in France, heightened COVID-19 scare – Report

  Strongman of Nigeria Politics, Bola Tinubu, a former governor of Lagos state, has been hospitalised in Paris, France, after falling ill. This has created confusion and caused COVID-19 scare in Lagos politics and among his loyalists across the country. TheCable, which reported this said, owever, that contrary to speculations, he has not been diagnosed with COVID-19. TheCable understands he tested negative for COVID-19 before travelling to the UK in December. He initially complained of exhaustion and had travelled out to rest, TheCable was informed. He was flown to Paris…

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COVID-19 deaths in Nigeria hit 1,231, cases now 79,789

  Nigeria has recorded four fatalities with a total of 999 new cases of the deadly COVID-19, making the total of infected cases rise to 79,789, the number of deaths to hit 1,231. This was announced by the Nigeria Centre for Disease Control (NCDC) in its daily update on Tuesday night. According to the centre, the tests of 999 suspected cases came back positive. While 396 patients were discharged, 4 new fatalities were recorded. The NCDC added that the discharges included 254 community recoveries in Lagos State managed in line…

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Why Lagos-Ibadan Expressway, 3rd Mainland Bridge’ll be Closed – Official

  The Nigerian Government has announced a fresh plan for temporary and full shut down of two important tranport links to Lagos, the commercial capital. Federal Controller of Works for Lagos, Olukayode Popoola, announced a 72-hour total closure of the Third Mainland Bridge to cast concrete on the expansion joints. Popoola announced this in an interview with the News Agency of Nigeria on Thursday. He said the shutdown will take effect from midnight on Saturday to midnight on Tuesday. He added that construction works had reached the stage for casting…

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Gas Flaring: Buhari Commissions NPDC’s 200m scuf Waste-to-Wealth Facility

  Nigerian National Petroleum Corporation (NNPC) has recorded a major feat in gas flaring reduction as it announced completion of integrated gas handling installation designed to function as a waste-to wealth facility that converts hitherto flared gas to valuable lean gas that is LPG cum domestic cooking gas. President Muhammadu Buhari has already been slated, according to the Corporation for the commissioning of the 200 million scuf per day capacity plant. The IGHF via its LPG Storage and Dispensing Unit, dispenses at full throughput about 330 tonnes of LPG per…

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ExxonMobil reacts as Supervisor dies at Qua Iboe facility fire

  A top official of U.S. oil giant, ExxonMobil, has confirmed the death of a staff member of the company in a fire incident at the ExxonMobil Qua Iboe Terminal (QIT) in Akwa Ibom. The incident occurred on December 13, the official, Mr Ozemoya Okordion, confirmed in an e-mailed statement to Platforms Africa. The ExxonMobil facility is located in Mkpanak community in the Ibeno Local Government Area of Akwa Ibom. Okordion, who is the Government Relations Advisor, Public and Government Affairs of the company, said that two employees were injured…

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Lagos Gov. Sanwo-Olu Tests for COVID-19, goes into isolation

    Governor of Lagos, Nigeria’s commercial capital, Mr. Babajide Sanwo-Olu, has gone into self-isolation, the state government said on Friday. It added that the governor tested three times for COVID-19 but did not mention his status after the tests. This was contained in a statement entitled ‘Sanwo-Olu goes into self-isolation’ by the Lagos Commissioner for Health, Prof. Akin Abayomi. He said one of the close aides to Sanwo-Olu tested positive for coronavirus, necessitating the governor to isolate. However, Abayomi did not state the COVID-19 status of the governor. The…

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Suspected Killers Of Nigeria’s popular Monarch Arrested in Ondo Forest

  Suspected killers of the traditional ruler of Ifon in Ose local government area of Ondo state, Southwest Nigeria, Oba Israel Adeusi, the Olufon of Ifon, have been arrested. Identity of the suspects was yet to be made public because of the ongoing investigation into the killing. They were arrested by a combine team of security operatives that stormed Elegbaka forest after the killing of the monarch. Oba Adeusi was killed last Thursday by suspected kidnappers between Elegbeka and Ifon while returning from a meeting in Akure. Commander of the Ondo Security Network Agency also known as Amotekun Corps, Chief Adetunji Adeleye, who disclosed this at a press…

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Role Fidelity Bank, staff played in Nigeria’s N1.5bn Pension scam – EFCC

. Anti-graft agency shows how Nigeria’s ex-official, Oronsaye, operated 66 accounts unknown to Accountant-General The testimonies against Abdulrasheed Maina, former Chairman, Nigeria’s Pension Reform Task Force Team (PRTFT), continued on Wednesday before Justice Okong Abang of the Federal High Court, Abuja, with that of the ninth prosecution witness, (PW9), Rouqayyah Ibrahim, a principal investigation officer with the EFCC who narrated how Fidelity Bank allegedly played a role in the whole scenerio. Ibrahim is in Anti Money Laundering and Combating Terrorism Financing (AML CFT) unit of the Commission and member, Pension…

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