Tag: Tax evasion

N21billion Rice Importation Tax Evasion Scam, Reps Summon Okonjo-Iweala, Akinwunmi Adesina

Members of the House of Representatives have summoned the Minister of Finance, Dr Ngozi Okonjo-Iweala, Minister of Agriculture, Dr Akinwumi Adeshina and others over alleged N21billion rice importation tax evasion scam. Vanguard reliably gathered that the ministers and 25 rice importers are expected to explain to the lawmakers how over N21bn[Read More…]

FIRS Seals Two Firms In Bauchi Over Tax Evasion

The Tax Enforcement Team of the Federal Inland Revenue Service (FIRS), on Tuesday, sealed the premises of the Bauchi State Investment Company (BIC) and Abdulrashid Tyre Company over alleged tax evasion. The Tax Controller, Richard Magaji, who led the FIRS team, said the sealing of the companies, followed the inability[Read More…]

Turkey’s Prime Minister Accuses Twitter Of Tax Evasion

by Aljazeera Turkey’s prime minister has accused Twitter of tax evasion, days after his government was forced to lift a ban it imposed on the micro-blogging site that was used to spread a number of damaging leaks implicating his inner circle in corruption scandals. “Twitter, YouTube and Facebook are international[Read More…]

Uli Hoeness, Resigns Bayern Presidency

Uli Hoeness has resigned his position as president of Bayern Munich after being sentenced to jail for tax evasion. The 62-year-old received a three-and-a-half year sentence from a German court on Thursday, and revealed on Friday that he will not appeal against the verdict. Hoeness was initially charged with defrauding[Read More…]

Bayern Munich Boss Sentenced To Jail

A German court convicted Uli Hoeness of tax evasion on Thursday and sentenced the soccer boss who turned Bayern Munich into one of the world’s most successful clubs to three and half years in jail. Judge Rupert Heindl ruled Hoeness’s voluntary disclosure – that he had failed to pay taxes[Read More…]

Tax Evasion: Daily Trust Office Sealed

NAN The Lagos State Government on Wednesday sealed off the Lagos Office of the Media Trust Ltd., publishers of the Daily Trust newspapers, over alleged refusal to remit N5.6 million tax. Mrs Folasade Coker-Afolayan, the Head of Enforcement Unit of the Lagos State Internal Revenue Service (LIRS), led a team[Read More…]

Lagos Revenue Service Shuts 7 Firms Over Non-remittance Of N58.7m tax

The Lagos State Internal Revenue Service (LIRS) has shut down seven companies for failing to remit about N58.8 million personal income taxes of workers to government. Mrs Folasade Coker-Afolayan, Head of the Distrain Unit of the LIRS, announced this in an interview with the News Agency of Nigeria (NAN) on[Read More…]