Tag: tax evasion
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Nigeria loses $15bn to tax evasion annually – Fowler
Nigeria is losing about $15 billion annually to tax evasion, Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has said. Fowler spoke yesterday as global tax experts converged on Abuja to find solution to offshore tax evasion. At the meeting, the FIRS boss said Nigeria would implement the first Automatic Exchange of Information…
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Alleged tax evasion: Ex-Super Eagles captain, Okocha settles case with LIRS
A Lagos State Prosecutor, Mrs Y. A. Pitan, said a former Super Eagles’ Captain, Augustine Okocha, accused of income tax evasion since 2017, had finally settled with the Lagos Internal Revenue Service (LIRS). She told an Igbosere High Court on Wednesday in Lagos that the LIRS informed it that the defendant visited its office and…
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JUST IN: P&ID agents admit fraud, tax evasion charges
Two agents of the now controversial Irish engineering firm, Process and Industrial Development Limited – have admitted guilt in charges of fraud and tax evasion brought against them by the Federal Government. The two – Mohammad Kuchazi, described as Commercial Director, P&ID Ltd, Virgin Island and Adamu Usman, identified as representative of P&ID Nigeria Limited,…
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LASG seals 14 firms over tax evasion
The Lagos State Internal Revenue Service (LIRS) has resumed sealing of companies and hospitality firms over unpaid consumption taxes, shutting 14 firms during tax law enforcement on Wednesday. The LIRS Director of Legal Services, Mr Seyi Alade, said during the state-wide enforcement that two enforcement teams had been mobilised by the service. He noted that…
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Monalisa Chinda’s ‘tax evasion’ hearing begins October 10
An Igbosere high court in Lagos has scheduled October 10, for the trial of Monalisa Chinda-Coker, Nollywood actress, over alleged tax evasion Though Monalisa was scheduled to resume her trial on July 5, the judge adjourned the proceeding till Monday due to the eid-el-fitr holiday. TheNewsGuru recalls that Adedayo Akintoye, the court justice, had in…
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Again, court orders Jay Jay Okocha’s arrest
Justice Adedayo Akintoye of a Lagos High court sitting in Igbosere, has again issued a bench warrant for the arrest of a former Super Eagles Captain, Augustine popularly known as Jay- Jay Okocha over alleged tax evasion. Justice Akintoye made the order following Okocha’s alleged failure to settle a 2017 income tax evasion case brought…
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Trouble looms as court orders arrest of Monalisa Chinda over alleged tax evasion
An Igbosere High Court in Lagos State on Monday reintroduced a bench warrant for the arrest of Nollywood actress and producer, Monalisa Chinda-Coker, over alleged tax evasion. For her refusal to appear in court since 2017, a bench arrest has reportedly been approved in order to force Monalisa Chinda, to show up in court Justice…
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Trouble looms as Court orders police to arrest star Nollywood actress Monalisa Chinda
A Lagos High Lagos in Igbosere has issued a bench warrant for the arrest of popular actress and producer, Monalisa Chinda Coker, over a tax evasion charge. Justice Adedayo Akintoye made the order on January 21, following an application by the Lagos State Ministry of Justice, alleging that Coker had repeatedly failed to honor a…
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Tax evasion: FIRS threatens to take over 30 defaulting companies
The Federal Government has said it will take over 30 properties linked to companies that have not been paying taxes. The Executive Chairman, Federal Inland Revenue Service, Mr Babatunde Fowler, stated that out of the 2,000 properties of corporate entities identified early this year that were not paying taxes, 561 of them had come forward…
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![[PHOTOS] Enugu Revenue Board seals Sterling Bank branch over alleged tax evasion](https://thenewsguru.ng/wp-content/uploads/2018/08/Sterling-Bank-Enugu.jpeg)
[PHOTOS] Enugu Revenue Board seals Sterling Bank branch over alleged tax evasion
Operatives of the Enugu State Inland Revenue Service on Tuesday sealed a branch of Sterling Bank Plc in the state. The tax agency accused the financial institution of not remitting the necessary taxes to the state government as required by law. It was gathered that the bank was specifically sealed on Tuesday over alleged non-remittance…