Author: topnews

Babatunde Fowler, chairman of the Federal Inland Revenue Service (FIRS), has responded to the query issued him by the Chief of Staff to the President, Abba Kyari, regarding the low tax collection in the last three years he has held sway. Agreeing that actual tax collection since the beginning of the President Muhammadu Buhari administration was lower than the 2012 to 2014 period under former President Goodluck Jonathan in general terms, Fowler noted that the FIRS under his watch had performed better regarding specific non-oil tax types such as value…

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Following Friday’s decision of the English Commercial Court to permit the enforcement of a 2016 arbitration award against Nigeria, an Irish company yesterday vowed its readiness to begin the process of seizing $9.6 billion (N2.946 trillion) of Nigeria’s assets. Justice Butcher had on Friday insisted on Process & Industrial Developments Limited’s (P&ID) right to enforce the pre-award interest, a decision Nigeria’s apex financial institution, the Central Bank of Nigeria (CBN), said it would appeal. Implementing the British Court’s decision will cost Nigeria more than 20 per cent of its $43.9…

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Following the attack on the former deputy senate president, Dr. Ike Ekweremadu, Igbo living in Germany has on Monday apologized over the attack on him by the proscribed Indigenous People of Biafra, IPOB, living in Germany. Disclosing this in a statement signed by Uche Anichukwu, Special Assistant to Ekweremadu on Media, Igbo in Germany frowned at the attack, describing it as ‘senseless’. Anichukwu who quoted the group said, “We, Ndi-Igbo Germany, the umbrella/apex union of all Igbo unions operating in the Federal Republic of Germany are shocked and dismayed by…

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The Federal Government has said it neither banned nor restricted importation of food items into the country. It also explained that the recent directive by President Muhammadu Buhari to the Central Bank of Nigeria, CBN, to stop providing foreign exchange for importation of food items did not mean a restriction on importation of food items. A statement by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, in Abuja further stated that any importers of food items that wished to source their forex from non-government…

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The clash between Yoruba and Hausa traders at the Ilepo Market in the Oke Odo area of Lagos State, has reportedly left one person dead and many others injured on Sunday. It was gathered that a Hausa porter, popularly known as Alabo or Bolar boy, mistakenly hit a Yoruba man with the tray he was using to convey goods for traders. The disagreement was said to have degenerated into a fight between the duo. Soon, hoodlums from both ethnic groups took over the fight, which turned to a free-for-all. Policemen from the Oke Odo Division…

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The leader of the proscribed Indigenous People of Biafra, IPOB, Mazi Nnamdi Kanu has expressed satisfaction over the attack on the former deputy senate president, Dr Ike Enweremadu, accusing Igbo leaders in the national assembly of proscribing IPOB. He exonerated the Federal government from the group’s proscription. Kanu also vowed to reward anyone with useful information on overseas traveling schedule of South-East governors and other Igbo leaders. “So if you are working in any Government House in Southeast and you know which city in the world the governor is going…

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In the latest fiscal assessment of the country, almost all Ministries, Departments and Agencies (MDAs) have been indicted for financial wrongdoings. The indictment came against the backdrop of the much-talked-about fight against corruption being waged by the Federal Government. Some of the cases of irregularity included improper records of transactions, unsubstantiated claims and outright non-report. For instance, an estimated N500 billion was submitted to the National Assembly. But the money, according to the 2016 report by the Office of the Auditor-General of the Federation, was not properly accounted for. The…

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