Connect with us

BIG STORY

Presidency Queries FIRS Boss Babatunde Fowler Over N12.6Trillion Tax Collection

Peter Okunoren

Published

on

The Presidency appears displeased with the taxes the Federal Inland Revenue Service (FIRS) has collected in the last three years.

This is despite the fact that the FIRS generated the largest revenue in the nation’s tax history when it collected N5.3 trillion in taxes in 2018 and is targeting N8 trillion in 2019.

The Presidency conveyed its displeasure at the FIRS’ collection efforts in a query issued to the Executive Chairman of the FIRS Mr. Tunde Fowler by the Chief of Staff to the President, Alhaji Abba Kyari.

The query circulating in the social media titled: “Re: Budgeted FIRS Collections and Actual Collections”, reads: “Your attached letter (FIRS/EC/ECW/0249/19/027 dated 26 July 2019) on the above subject matter refers.

“We observed significant variances between the budgeted collections and actual collections for the period 2015 to 2018.

“Accordingly, you are kindly invited to submit a comprehensive variance analysis explaining the reasons for the variances between budgeted and actual collections for each main tax item for each of the years 2015 to 2018.

The query marked “Restricted” added that “we observed that the actual collections for the period 2015 to 2017 were significantly worse than what were collected between 2012 and 2014. Accordingly, you are kindly invited to explain the reason for the poor collections.”

Kyari directed Fowler “to respond by 19 August 2019.”

The development has raised questions over the propriety of the query, given that there is no Minister for Finance and the query did not come from the Permanent Secretary of the ministry.

In January 2019, Executive Chairman of the FIRS, Mr. Tunde Fowler, announced in Lagos that the Service broke its collection records by generating N5.3 trillion from taxes collected and is targeting N8 trillion for 2019.

According to Fowler, the N5.320 trillion collection is considered to be the highest revenue ever generated by FIRS in history.

The highest in FIRS was N5.07 trillion generated in 2012 under Ms. Ifueko Omoigui.

Fowler said “FIRS’ generation of N5.3 trillion is significant as it was at a period when oil prices averaged $70 per barrel. Oil price was at an average of $100 to $120 per barrel between 2010 and 2013.”

In realizing this milestone, the FIRS boss noted that the non-oil component of the N5.320 trillion is N2.467 trillion that was (53.62 percent), while the oil element of the collection was N2.852 trillion (46.38 percent). From audit alone, the FIRS collected N212,792 billion from 2,278 cases with a huge reduction in audit circle.

In spite of this achievement, Tunde Fowler lamented that “while we have been steadily increasing revenue collection over the years, our cost of collection has actually been going down. In 2016, we collected N3,307 trillion, in 2017 we collected N4,027 trillion and in 2018 we collected N5,320 trillion.

“Meanwhile, the cost of collection as a percentage of actual taxes collected has been reducing; in 2016 it was 2.6%, in 2017 it was 2.49% while in 2018 it was 2.14%.” The FIRS is entitled to 4% cost of collection.

He added: “The Service has been making tremendous efforts in also increasing the amount of non-oil revenue it collects. The non-oil collection has contributed 64.99% in 2016, in 2017 it contributed 62.25% and in 2018 it contributed 53.62%.

“This represents the government’s focus on increasing non-oil sources of revenue and the diversification of the Nigerian economy.”

(The Nation)

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BIG STORY

BREAKING: Buhari Sacks Muiz Banire As AMCON Chairman, Appoints Adamu

Peter Okunoren

Published

on

President Muhammadu Buhari has sacked Muiz Banire as the Chairman of the Governing Board of the Assets Management Corporation of Nigeria, appointing Edward Lametek Adamu as the new chairman of the Corporation.

This was contained in a letter read on the floor of the Senate by the Senate President, Senator Ahmad Lawan.

The letter, dated December 9, 2019, reads: “In accordance with Section 10(1) of the Asset Management Corporation of Nigeria (AMCON) Act, 2010, I hereby present Mr. Edward Lametek Adamu for confirmation as Chairman of the Asset Management Corporation of Nigeria by the Distinguished Senate.

“While hoping that this request will receive the usual expeditious consideration of the Senate, please accept, Distinguished Senate President, the assurances of my highest consideration.”

Banire was appointed as AMCON Chairman in 2018 when during the leadership of Bukola Saraki as Senate President.

Continue Reading

BIG STORY

REVEALED: How Estate Electrician, Friend Attacked Maersk MD After House Party, Killed Wife [Full Details]

Avatar

Published

on

Two suspects, Ade Akanbi and Olamide Adegoke, have been arrested by men of the Lagos State Police Command for attacking the Managing Director of Maersk Nigeria, Gildas Tohouo, and stabbing his wife, Bernadett, to death at the couple’s residence on No. 1 Luggard Avenue, Ikoyi, Lagos State.

It was learnt that the suspects also stabbed the man and forced him to drink a substance suspected to be acid.

While the corpse of the wife had been evacuated and deposited in the mortuary, the man is battling for his life in hospital.

It was learnt that the deceased was a Hungarian, while her husband is a Cameroonian.

Report says the condition of the Cameroonian remains critical.

One of the perpetrators of the crime, Adegoke, was said to be an electrician working with the estate, where the couple’s apartment is located.

According to PUNCH, the couple had organised a party in their house on Sunday and many invited guests were said to have gathered in the compound to felicitate with them.

Adegoke, who was said to be a familiar face in the estate, was granted access to the party.

He reportedly used his familiarity to smuggle his accomplice, Akanbi, in.

It was gathered that the party ended around 11.30pm and the guests departed for their various homes, but Adegoke and Akanbi were said to have lurked around the couple’s apartment.

Suddenly, there was a power outage in the building and the suspects allegedly offered to assist the couple to restore power.

According to a source, the couple recognised one of them as an electrician in the estate and access the door for them to gain entrance into the main building.

The source stated, “The electrician came with his friend and they were granted access based on the fact that Adegoke was a known face. Immediately the two suspects entered the building, they attacked the couple with knives. They locked the husband and wife in separate rooms and forced the wife to transfer some money to them and also collected her ATM card.

“Afterwards, the suspects stabbed the couple. The husband survived the attack and managed to call his company’s chief security officer, who alerted the police, but his wife was not lucky as she died on the spot after being suffocated with a pillow.”

It was gathered that a team of policemen, led by the state Commissioner of Police, Hakeem Odumosu, stormed the scene of the crime and arrested the suspects before they could escape.

The state Police Public Relations Officer, Bala Elkana, who confirmed the incident, said the suspects stabbed the man’s wife and suffocated her, adding that the husband also sustained injuries and had been taken to hospital.

Elkana stated, “The man is a Cameroonian and his wife was Hungarian. They hosted a party earlier on Sunday, and when the guests had left, there was a power outage. The electrician, who was also in attendance with an accomplice, was still in the compound during the outage.

“So, they knocked on the door and volunteered to help the couple fix their power problem. When the door was opened, the two suspects, Ade Akanbi and Olamide Adegoke, attacked the couple and stabbed the man and his wife.

“But the man survived, while his wife died due to the injuries she sustained from the attack.

“The suspects wanted to rob the couple and have been arrested. The knives used in perpetrating the crime have also been recovered.

“The state Commissioner of Police, Hakeem Odumosu, mobilised personnel to the scene of the crime and arrested the suspects. Homicide detectives from the command have also cordoned off the area. Investigation is ongoing.”

Reacting to the incident, the Regional Managing Director, Africa, A. P. Moller-Maersk, David Williams, while commiserating with the bereaved family, said the couple’s three children of the couple were safe, adding that the company was working with relevant the authorities to investigate the incident.

He said, “We are very sorry to confirm that a colleague and his family were attacked in their residence in Lagos, Nigeria, during the evening of Sunday, December 8, 2019.

“Tragically, the wife of our colleague passed away at the scene. Our colleague is in hospital, where his condition is critical but stable. The three children are all safe and accounted for.

“Our thoughts and deepest sympathy go to the family. We will do whatever we can to support them in this tragedy.”

Continue Reading

BIG STORY

How 4 Neighbours Raped Me For 7 Years — 20-Year-Old Lagos Woman Tells Court

Gbemileke Ajayi

Published

on

A 20-year-old fashion designer (name withheld), on Monday, narrated before an Ikeja Sexual Offences and Domestic Violence Court how she was allegedly sexually abused and defiled by four neighbours on different occasions over a seven-year period.

The News Agency of Nigeria (NAN) reports that two of the neighbours – a driver, Taofeeq Alabi, and dry cleaner, Igwe Andrew, aged 49 and 31, respectively – are facing trial for defilement.

The other two – Babatunde Green and Babatunde Andrew – are currently at large.

Led in evidence by Mrs. Arinola Momoh-Ayokanbi, prosecution counsel, the complainant, who is the first prosecution witness, narrated how each of the two defendants allegedly defiled her.

“The wife of Taofeeq Alabi, the first defendant, is a fashion designer and I usually go to their apartment upstairs to learn while she sews clothes for clients.

“One day, her husband asked me to come to the apartment, that he wanted to send me on an errand.

“When I got into the apartment, he gave me a powder to lick and told me that he had put something (black magic) in my body and that even though I got married, it would still be there.

“I became very scared, he removed my clothes and had sexual intercourse with me.

“I did not tell anyone about what happened because of fear and I was also afraid of how my parents might react if I told them,” she said.

Narrating how Andrew, the second defendant allegedly defiled her, she said he committed the offence in her bedroom.

“I was fast asleep in my bedroom and forgot to lock the door. Andrew came into my bedroom and lay on top of me.

“When I woke up and asked why he was in my room, he asked me to shut up.

“He told me that he wanted to have sexual intercourse with me,” she said.

The witness said that she tried unsuccessfully to push him away and he forcefully defiled her.

“After it happened, my younger brother came into the bedroom, saw him and beat him with a stick, telling him to get out of the room.

“The next day, he approached me and told me he wanted me to do something for him.

“When I asked what it was, he proceeded to show me a blue film (pornography) on his phone.

“I ignored him and since that day, I avoided him,” she said.

The complainant said both defendants defiled her when she was a 14-year-old Senior Secondary One (SS1) student.

She said the other neighbours (Green and Babatunde) started defiling her when she was in primary school.

She said she never told her parents about the defilement because she was scared of them, but it all came to light when the caretaker of their property informed her father that she was being defiled by the neighbours.

“My father reported the defilement at the Ladipo Police Station, where we made a statement and I was referred to the Mirabel Centre for medical examination,” she said.

After the evidence, defence counsel, Mr K. U. Ani, requested an adjournment of the cross-examination of the witness on the grounds of his ill-health.

Justice Abiola Soladoye adjourned the case until February 2, 2020, for cross-examination of the alleged victim.

According to the prosecution, the defendants committed the offences from 2010 to 2017 at the Papa Ajao area of Mushin, Lagos.

“The defendants, who have been remanded at a correctional facility, defiled the complainant, who is their neighbour, by having unlawful sexual intercourse with her when she was 14 years old.

“The offence contravenes Section 137 of the Criminal Law of Lagos 2015, which prescribes up to life sentence for anyone convicted of defilement of a child,” Momoh-Ayokanbi said.

Continue Reading

Most Popular