The Federal Inland Revenue Service (FIRS) says a systemic abuse of the pioneer incentive scheme instituted by the Federal Government has led to tax revenue leakages for the three tiers of government. Mr Abdullahi Ahmad, the Director, Communications and Liaison Department said this in a statement issued in Abuja on Friday. Ahmad said the Executive Chairman, Mr Muhammad Nami said this when he received states Commissioners of Finance who visited him in his office in Abuja. Nami pledged to block the tax revenue leakages in order to generate more revenue for the three tiers of government. According to him, the…
Author: Ayo Oye
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FBNInsurance Limited on Friday said it had launched new digital platforms that enable its customers to pay their premiums timely with ease amidst the social distancing order. Its Chief Executive Officer, Val Ojumah, in a statement, said that the the company’s payment channels were upgraded due to the outbreak of COVID-19 pandemic. Ojumah noted that the pandemic had compelled most companies to adapt to the new norms of working and seeking alternative ways of reaching their customers. He said this would enable the customers to continue enjoying the benefits of the various insurance policies held. According to him, some of…
Coaches and players have resumed training at the Teslim Balogun Stadium, Surulere, Lagos barely five days after the government’s easing of the ban of non-contact sports. The News Agency of Nigeria (NAN) reports that the Federal Government had earlier announced reopening of non-contact sporting activities after several months ban due to the COVID-19 pandemic. A visit to Teslim Balogun Stadium Complex by NAN correspondent showed that athletes were gradually returning to training, especially at the Molade Okoya Thomas indoor sports hall. However, movements were still restricted by the security personnel at the entrance of the facility, with only athletes with…
The Nigerian Stock Exchange (NSE) on Friday moved 158.62 million shares worth N1.75 billion exchanged in 3,194 deals. This was in contrast with 179.55 million shares valued at N2.53 billion achieved in 3,055 deals on Thursday. An analysis of the activity chart indicates that Zenith Bank was the toast of investors as it sold 19.08 million shares worth N321.99 million. FBN Holdings followed with 17.89 million shares valued at N89.45 million, while GT Bank traded 16.15 million shares worth N408.79 million. Nigerian Breweries accounted for 9.13 million shares valued at N327.44 million, while Chams sold 8.73 million shares worth N1.78…
Amidst the economic recession and dwindling financial resources occasioned by the COVID 19 pandemic, the Babajide Sanwo-Olu administration in Lagos State on Friday expressed its determination to reduce the cost of governance and promote inter-communication among agencies through provision of sustainable office infrastructure for its workforce. Lagos State Governor, Mr. Babajide Sanwo-Olu gave the assurance on Friday during an unscheduled visit to two iconic structures in the State – the Lagos Revenue House and Multi Agency Building in Alausa, Ikeja. The Governor visited the Lagos Revenue House (formerly Elephant House) building consisting of four wings of seven floors plus a…
Both the American Heritage Dictionary (1981) and the Webster’s Comprehensive Dictionary (2010) described corruption as an act of being corrupt. Corruption derives it’s meaning from the Latin word corruptus which in itself means tainted, decomposed, putrid, perverted, depraved, deteriorated, debased, dishonest, contaminated, corroded, impure, degenerated, polluted or such like synonyms which portends defilement of fidelity or morality. As ugly as this word is in describing what is demeaning, it has been elevated to a State Enterprise in Nigeria, such that any public official who is not part of the transaction is seen as a non -starter. No wonder then that…
Patience Ama Douye Diri, Wife of Bayelsa State Governor is the Guest Speaker at the Media Women Forum Webinar scheduled for August 22, at 6pm via zoom. She will be speaking on Gender Based Violence: Beyond the literature.The webinar seeks to also examine the rising cases of rape and domestic violence as part of measures aimed at finding solutions to the social vices. The Guest Speaker is the fourth Nigerian Governor’s wife to speak at Media Women Forum, Gender-Based conversational series. Media Women Forum comprises senior female Editors,Broadcasters, Media Owners and Journalism Lecturers within and outside Nigeria.It was founded to…
The Abuja Zonal Office of the Economic and Financial Crimes Commission, (EFCC) has arrested nine suspected internet fraudsters in Minna, Niger State. They were arrested following intelligence volunteered to the Commission by concerned residents of the area. The suspects were picked up by the operatives of the Commission at their hideouts in Room 202, Seftec Hotels, behind NNPC’s mega petrol filling station, Minna, Niger State, for their alleged involvement in a love scam and other internet related crimes. The suspects are: Ohanuka. O. Samuel, 26; Adebayo Adeyinka Samuel, 26; Omoh Simeon, 25; Igah Abumere, 28 and Ajobo Sunday, 26. Others…
The Port Harcourt zonal office of the Economic and Financial Crimes Commission (EFCC), has arraigned one Kingsley Odum before Justice I. M. Sani of the Federal High Court, Port Harcourt, Rivers State for land fraud. He was docked on one-count charge of obtaining money by false pretence to the tune of N17,550,000.00 (Seventeen Million, Five Hundred and Fifty Thousand Naira). The charge read: “That you Kingsley Odum on or about December, 2016 at Port Harcourt, Rivers State within the jurisdiction of this honourable court, by way of false pretence and with the intent to defraud did obtain the sum of…
As a globally recognized event, the world on Wednesday 12th August, 2020, celebrated the International Youth Day (IYD), a programme that gives young people voices and opportunity to celebrate, actions and initiatives, as well as their meaningful, universal and equitable engagement, endorsed by the United Nation World Conference of Ministers Responsible for Youths. What is, however, of interest to development minded individuals is that the theme of this year’s celebration; “Youth Engagement for Global Action” largely highlighted the ways in which the engagement of young people at the local, national and global levels could enrich national and multilateral institutions and…