firs Archives - Freedom Online

Binance Tax Case Adjourned Again as Parties Explore Settlement

Robert Imoh — Thu, 09 Jul 2026 15:45:55 +0000

The Federal High Court in Abuja has again adjourned the tax evasion case filed by the Federal Government against Binance Holdings Limited. Justice Emeka Nwite fixed September 24, 2026, for a report of settlement or continuation of trial. The adjournment followed an application by counsel to the Federal Government, Moses Ideho, who informed the court […]

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Binance: EFCC continues criminal charge against Gambaryan

Robert Imoh — Fri, 21 Jun 2024 08:48:24 +0000

The Economic and Financial Crimes Commission (EFCC), on Thursday, continued with its alleged money laundering charge preferred against Tigran Gambaryan, an executive of Binance Holdings Ltd at a Federal High Court, Abuja The criminal charge continued before Justice Emeka Nwite inspite of the withdrawal of a charge by the Federal Inland Revenue Service (FIRS) against […]

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FIRS cancels penalties, interests on pending tax liabilities

Gbemi Banks — Sun, 03 Dec 2023 17:30:06 +0000

The Federal Inland Revenue Service (FIRS), has approved amnesty on penalties and interests for outstanding tax liabilities. The Chairman of FIRS, Zacch Adedeji, said this in a statement on Sunday in Abuja. The FIRS imposes sanctions and interests for failure by companies to fulfil their tax obligations. Adedeji said that the step was in recognition […]

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UK firm commends Bolanle Oniyangi’s appointment as FIRS Director

Gbemi Banks — Tue, 27 Jun 2023 16:43:40 +0000

Dr Alim Abubakre, British – Nigerian and founder, TEXEM UK has described Bolanle Oniyangi, newly appointed Director at Federal Inland Revenue Service (FIRS) as a visionary leader driving landmark judgments and transforming taxation. While congratulating Oniyangi on her recent appointment on behalf of TEXEM, Abubakre told the News Agency of Nigeria (NAN) that it is […]

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Technology enhancing tax administration in Nigeria, says FIRS

Gbemi Banks — Wed, 24 May 2023 09:53:39 +0000

The Federal Inland Revenue Service (FIRS) says it is leveraging on technology to drive increased revenue generation. Mr Kabir Abba, Coordinating Director, General Tax Operations Group, FIRS, said this at the broadcast of the Service’s stewardship on Tuesday in Abuja. The event with the theme “FIRS, Impacting the Nigerian Economy”, was organized by Government to […]

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FIRS generates N4.3trn tax revenue in 10 months

Ola Simeon — Fri, 09 Nov 2018 19:24:10 +0000

The Federal Inland Revenue Service (FIRS), on Friday, said it generated N4.3 trillion as tax revenue between January and October this year. FIRS Executive Chairman, Babatunde Fowler, disclosed this during the “Federal Inland Revenue Service Special Day” at the ongoing Lagos International Trade Fair held at Tafawa Balewa Square. Represented by Mrs Angel Fadahunsi, FIRS […]

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FIRS to go after 6,772 billionaire tax defaulters

Femi Adewale — Sun, 09 Sep 2018 21:39:28 +0000

The Federal Inland Revenue Service (FIRS) will soon go after the bank accounts of defaulting taxpayers who are raking in billions in Nigeria and are not paying taxes, FIRS Chairman, Tunde Fowler, has said. A FIRS statement on Sunday in Lagos said that all banks in the country would do substitution on accounts for such […]

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FIRS to commence audit of taxpayers nationwide

Ola Simeon — Thu, 06 Sep 2018 20:30:30 +0000

Mr Tunde Fowler, Executive Chairman, Federal Inland Revenue Service (FIRS), on Thursday, said that the Service would soon commence the audit of taxpayers across the country. Fowler stated this in Lagos while delivering a keynote address at a stakeholders meeting on “Tax Administration and National Revenue’’. The stakeholders’ meeting was aimed at charting the way […]

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States owe FIRS N41bn tax

Robby Akeju — Fri, 17 Aug 2018 01:00:55 +0000

The National Economic Council (NEC) says states are owing the Federal Inland Revenue Service (FIRS) N41 billion in Value Added Tax (VAT). Governor Badaru Abubakar of Jigawa State disclosed this while briefing State House Correspondents shortly after NEC meeting presided over by the Acting President, Prof. Yemi Osinbajo, on Thursday in Abuja. He said that […]

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FIRS makes N2.5trn in six months

Ola Simeon — Fri, 13 Jul 2018 20:28:06 +0000

The Federal Inland Revenue Services (FIRS) said it realised over N2.5 trillion from collecting various taxes from January to June 2018. This is contained in the revenue performance report for the first half of the year, submitted by the service, to the Ministry of Finance. The report was made available to the media on Friday […]

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Revenue under-payment: NEC endorses refund of N526bn, $21bn by NNPC, Customs, FIRS, NPA, DPR

Robby Akeju — Thu, 17 May 2018 18:53:32 +0000

The National Economic Council (NEC) has confirmed that N526 billion and $21 billion was under-paid to the federation account by some Federal Government revenue generating agencies between 2010 and 2015. Governor Ibrahim Dankwambo of Gombe State made the disclosure while briefing State House correspondents after the meeting of the Council, which was presided over by […]

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FG generates N17bn from tax amnesty programme VAIDS, says Fowler

Roland Edwards — Wed, 13 Dec 2017 18:46:03 +0000

The Federal Inland Revenue Service (FIRS) says that the Federal Government has realised N17 billion from the Voluntary Asset and Income Declaration Scheme (VAIDS) inaugurated in July. Mr Babatunde Flower, the FIRS Executive Chairman, said this in Lagos on Wednesday, at a media workshop on VAIDS. Flower said that the N17 billion was voluntarily paid […]

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FIRS rakes in N17bn from tax evaders in six months

Ola Simeon — Thu, 07 Dec 2017 21:38:30 +0000

The Federal Inland Revenue Service (FIRS), said it collected N17 billion from tax evaders through the Voluntary Assets and Income Declaration Scheme (VAIDS) between June and December. The Chairman of the Service, Mr Babatunde Fowler disclosed this on Thursday in Abuja at a public enlightenment workshop on VAIDS organised by the Federal Ministry of Finance […]

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FIRS generates N3.2trn in 10 months

Roland Edwards — Mon, 27 Nov 2017 21:37:36 +0000

The Federal Inland Revenue Service (FIRS), on Monday in Abuja, said it generated N3.233 trillion in 10 months, an amount that represented 79.35 per cent of its collection target for 2017. Mr Tunde Fowler, the Executive Chairman of FIRS, disclosed this at interactive session for review of 2018–2020 Medium Term Expenditure Framework (MTEF) and Fiscal […]

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Reps flay CBN, FIRS over alleged missing $60bn petroleum profit tax revenue

Ibrahim Ahmadu — Wed, 22 Nov 2017 11:43:38 +0000

House of Representatives Committee on Public Petitions says it will investigate alleged missing of $60.3 billion Petroleum Profit Tax and Royalty revenues at the Central Bank of Nigeria (CBN). Chairman of the Committee, Mr Uzoma Nkem-Abonta (Abia-PDP), stated this on Wednesday in Abuja following failure by the CBN to appear before the committee to defend […]

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