Friday, May 14

Tag: Babatunde Fowler

EFCC Grills Fashola Over Corruption, Demands Asset Documents
Politics

EFCC Grills Fashola Over Corruption, Demands Asset Documents

Babatunde Fashola, a top-tier member of President Muhammadu Buhari’s cabinet, has been interrogated by the EFCC over corrupt practices tied to his questionable asset declaration and an ongoing probe of Babatunde Fowler, the disgraced former chairman of the FIRS, two senior anti-graft detectives have told Peoples Gazette. Officials familiar with the works minister’s ordeal told the Gazette he was called in for questioning after detectives were tipped off about his involvement in Mr. Fowler’s loot during his days as the head of Lagos Inland Revenue Service and most recently at the FIRS. The EFCC also wrote to the Code of Conduct Bureau seeking the former Lagos governor’s asset declaration documents in order to further establish another phase of the investigation, according to a let...
FIRS Under Fowler Virtually Collapsed, I Had To Rebuild From Scratch – Nami
News

FIRS Under Fowler Virtually Collapsed, I Had To Rebuild From Scratch – Nami

The Federal Inland Revenue Service (FIRS), virtually collapsed under its previous management, its new chief has said. Muhammad Nami, who assumed office as chairman last December, said he had to “build the entire structure of the service again from scratch.” This is not the first time Mr Nami is criticising the administration of his predecessor, Babatunde Fowler. In December, while giving his first Christmas message and felicitation to the revenue agency’s staff, he accused Mr Fowler’s management of superintending a steady decline in revenue collection by the service since the inception of his tenure in 2015. Mr Nami assumed office on December 19, 2019. In a recent interview with PREMIUM TIMES and other journalists in Abuja, he said his first 100 days in office has been challengin...
New FIRS Chairman, Muhammad Nami Condemns Fowler’s Management
Politics

New FIRS Chairman, Muhammad Nami Condemns Fowler’s Management

The newly appointed Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, launched a veiled criticism of his predecessor in office, Babatunde Fowler, on Monday accusing his management of superintending a steady decline in revenue collection by the service since the inception of his tenure in 2015. It was meant to be the new chairman’s first Christmas message and felicitation to the revenue service staff since his assumption of office on December 19; however, he used the message to carry out a performance assessment of Mr Fowler’s management, accusing it of failing to maintain the “impressive performance” the agency recorded since 2011, with 2012 as the benchmark year for outstanding performance. Reviewing the performance and workforce of the service between 2011 and 2...
FIRS: Garba Shehu Reveals Why Fowler Was Not Reappointed
Politics

FIRS: Garba Shehu Reveals Why Fowler Was Not Reappointed

The Presidency has said that Babatunde Fowler’s tenure as chairman of the Federal Inland Revenue Service (FIRS), was not renewed because of his inability to generate enough revenue for the country. Fowler, whose term of office expired on December 9, 2019, was replaced by Muhammad Nami. President Muhammadu Buhari’s Senior Special Assistant on Media, Garba Shehu, while speaking with journalists at the weekend in Abuja, also said that it was not wrong for the federal government to borrow more money to finance infrastructure in the country. “It is not a scandal to borrow, the bad thing about borrowing is when you deployed it to your pocket. This has happened in the past in this country, President Buhari is borrowing to do railway, to do East-West expressway, to do second Niger bri...
FIRS: Presidency finally opens up on why Fowler was removed
News

FIRS: Presidency finally opens up on why Fowler was removed

The Presidency has said that Babatunde Fowler’s tenure as chairman of the Federal Inland Revenue Service (FIRS), was not renewed because of his inability to generate enough revenue for the country. Fowler, whose term of office expired on December 9, 2019, was replaced by Muhammad Nami. President Muhammadu Buhari’s Senior Special Assistant on Media, Garba Shehu, while speaking with journalists at the weekend in Abuja, also said that it was not wrong for the federal government to borrow more money to finance infrastructure in the country. “It is not a scandal to borrow, the bad thing about borrowing is when you deployed it to your pocket. This has happened in the past in this country, President Buhari is borrowing to do railway, to do East-West expressway, to do second Niger bridge, to ...
Muhammad Nami Biography, 11 Things To Know About Buhari’s Nominee To Head FIRS
Politics

Muhammad Nami Biography, 11 Things To Know About Buhari’s Nominee To Head FIRS

President Muhammadu Buhari has nominated Muhammad M. Nami as the new chairman of the Federal Inland Revenue Service (FIRS). The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said in a statement issued today that his nomination followed President Buhari’s approval of the composition of a new board for the FIRS subject to Senate confirmation. Shehu said the former FIRS Chairman, Babatunde Fowler, whose term of office expired today, Monday, December 9, 2019, was expected to hand over to the most senior director on the board, who would take charge, pending the senate confirmation of the new board. Here are few things you should know about the man who will take over as head of the FIRS from Fowler: 1. Nami is a well-trained Tax, Accounting and Mana...
President Buhari Names Muhammad Nami As New FIRS Chairman
Politics

President Buhari Names Muhammad Nami As New FIRS Chairman

President Muhammadu Buhari has approved the composition of a new board for the Federal Inland Revenue Service, FIRS, subject to Senate confirmation. The President nominated a renowned tax consultant, Muhammad M. Nami as the new chairman. The board is composed of a member representing each of the six geographical zones and statutory representatives from a select number of ministries and government agencies. Mr Muhammad, a well-trained Tax, Accounting and Management professional with highly rated qualifications and professional practice and licenses from relevant professional bodies, has almost three decades of practical working experience in Auditing, Tax Management and Advisory and Management services to clients in the banking, manufacturing, services and public sectors as wel...
Uncategorized

FIRS Boss, Fowler Set To Lose Job In 4 Days’ Time

Barely five days to the end of the tenure of the Chairman of the Federal Inland Revenue Service, Babatunde Fowler, President Muhammadu Buhari has shown no sign of renewing his tenure even as investigations show that no fresh request had been sent to the Senate as of Tuesday. At the beginning of the legislative session at the Senate on Tuesday, there was no letter read by the Senate President, Ahmad Lawan, conveying any request from President Buhari regarding Fowler. This is in sharp contrast with that of the Governor of the Central Bank of Nigeria, Godwin Emefiele, whose request for tenure renewal was sent by Buhari to the Senate three weeks before the end of his tenure. Fowler, who is a childhood friend and former classmate of Vice-President Yemi Osinbajo, was appointed as th...
Suit Seeking Fowler‘s Sack As FIRS Boss Struck Out By Court
Politics

Suit Seeking Fowler‘s Sack As FIRS Boss Struck Out By Court

A Federal High Court sitting in Kano, yesterday, dismissed a suit challenging the tenure of Mr. Babatunde Fowler as Executive Chairman of the Federal Inland Revenue Service. The court, presided over by Justice Lewis Allagoa, struck out the suit when it upheld the preliminary objection filed by Fowler’s counsellor and Senior Advocate of Nigeria, Paul Erokoro, stating that Stanley Okwara, the plaintiff, had no locus standi to file the suit. Justice Allagoa came to the conclusion after an hour-long review of all the legal authorities cited by Erekoro, T.A Ghazalli, counsel to the Attorney-General of the Federation, who is the second defendant; and JohnMary C. Jideobi, the plaintiff’s counsel. He said he could not see how the rights of the plaintiff were affected by the non-appoin...
Ex-Northern Governor Desperate For Babatunde Fowler’s Job
Politics

Ex-Northern Governor Desperate For Babatunde Fowler’s Job

People who say that politicians without political offices are like fish out of water surely know what they are talking about if the case of an immediate past governor of one of the northern states is anything to go by. Since he lost his bid for a second term in the 2019 general elections, he has been angling for juicy positions in the President Muhammadu Buhari-led administration. One of the positions he is eyeing desperately, SENTRY gathered, is that of the Executive Chairman of the Federal Inland Revenue Service (FIRS) currently occupied by a former Chief Executive Officer of the Lagos State Internal Revenue Service, Dr. Babatunde Fowler. Although many expect that the former governor would take his scanty academic qualifications into consideration in angling for the juicy offic...
Nigerians To Pay 5% VAT On Online, Internet Transactions January 2020 — FIRS
News

Nigerians To Pay 5% VAT On Online, Internet Transactions January 2020 — FIRS

Executive Chairman of the Federal Inland Revenue Service, Babatunde Fowler, has said that the agency will begin to impose value-added tax on Internet transactions both domestic and international with effect from January 2020. Fowler, made the revelation on Monday at the African Tax Administration Forum in Abuja. He said, “We have thrown it out to Nigerians. Effective from January 2020, we will ask banks to charge VAT on online transactions, both domestic and international. “VAT remains the cash cow in most African countries, with an average VAT-to-total tax revenue rate of 31 per cent. “This is higher than the Organisation for Economic Cooperation and Development’s average of 20 per cent. “This statistics, therefore, is a validation of the need for us to streamline the a...
Under Buhari, Number Of Tax Paying Adults Has Moved From 10 Million To 20 Million – Garba Shehu
Politics

Under Buhari, Number Of Tax Paying Adults Has Moved From 10 Million To 20 Million – Garba Shehu

The Federal Government Of Nigeria has disclosed that the number of tax paying adults has doubled under the administration of President Muhammadu Buhari. This information is contained in a statement (which you can read below) Published by Senior Assistant to the president on media, Garba Shehu. Mallam Shehu was reacting to the purported query of the Chairman of the Chairman of the Federal Inland Revenue Service, FIRS, Babatunde Fowler. While stating that the FIRS boss was not under investigation, the presidency praised the service, under the watchful guide of Mr. Fowler for recording notable and commendable improvement – which culmunated to the increase of tax payers from 10 million to 20million adults. “It is noteworthy and highly commendable that under this administration, t...
Proposed 5% VAT On Online Purchases: Nigerians React
Politics

Proposed 5% VAT On Online Purchases: Nigerians React

Nigerians have condemned the Federal Government’s proposed five per cent Value Added Tax (VAT) on online purchases. The move, the government has said, is to raise revenue to fund the 2019 N8.9 trillion budget. Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, said the government might appoint banks as agents to deduct five per cent VAT on all local online purchases with a bank card. In an interview, Fowler said the policy could be in place by early next year. Fowler, however, said the preferred choice for the government would be expanding the country’s tax base rather than increasing existing VAT.
Nine Top FIRS Officials In EFCC Custody Over Alleged Multi-billion Naira Fraud
Crime

Nine Top FIRS Officials In EFCC Custody Over Alleged Multi-billion Naira Fraud

Nine senior officials of the Federal Inland Revenue Service (FIRS) are currently in detention over alleged multi-billion naira fraud. The officials, who are being detained by the anti-graft agency (EFCC) in Abuja, include the Director of Finance and Accounts (DFA) of the FIRS, Mohammed Auta. Apart from Mr Auta, another director of the agency, Peter Hena, is also alleged to be involved in the scandal. Mr Hena, the Coordinating Director, Support Services Group of the FIRS, is currently out of Nigeria and will be arrested as soon as he returns to the country, EFCC sources told this newspaper. A top official of the FIRS, however, said Mr Hena is on official medical leave outside the country and did not flee. Mr Hena is believed to be one of the closest officials to the FIRS ...
How FIRS Plans To Realise Its Revenue Target – Babatunde Fowler
Uncategorized

How FIRS Plans To Realise Its Revenue Target – Babatunde Fowler

The Federal Inland Revenue Service (FIRS) says it plans to realize its revenue target for the year through recoveries from defaulting millionaire taxpayers, values added (VAT) and compliance enforcement activities. The Chairman of FIRS, Tunde Fowler, said in January that the agency’s revenue collection target for 2019 was about N8 trillion. Mr Fowler told the House of Representatives joint committees on Finance, Appropriations, Aids, Loans and Debt Management Legislative Budget and Research and National Planning and Economic Development that he hopes about N750bn would be realized from about 55,000 defaulting taxpayers during the year. Mr Fowler, who spoke on the 2019/2021 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), said using banking information ...
VAT Designed To Support The Poor, Says Babatunde Fowler
Politics

VAT Designed To Support The Poor, Says Babatunde Fowler

The Federal Inland Revenue Service (FIRS) yesterday explained that Value Added Tax (VAT) is a consumption tax primarily designed to support poor people, and not to create hardship for them. The Chairman of FIRS, Babatunde Fowler allayed fears that the increase in VAT may cause hardship for the poor, stating that VAT is charged on consumption and capacity to consume. He said: “When you don’t consume certain categories of goods and services, you are not liable to pay VAT charges on those items. VAT is not charged on all medical and pharmaceutical products. It is not charged on basic food items. It is not charged on books and educational materials. It is not charged on baby products, fertilizers, locally produced agricultural and veterinary medicine. VAT is not charged on farming ma...
Gov Umar Ganduje To Receive Africa Value Awards 2018
News

Gov Umar Ganduje To Receive Africa Value Awards 2018

The Executive Governor of Kano state His excellency Alhaji Abdullahi Umar Ganduje Will tomorrow be Awarded for Effective leadership and economic empowerment and development alongside other top influential personalities across Africa at the 2018 Africa Value Awards scheduled to hold on November 17th, at Nigeria Air Force Conference Center, Abuja. Nigeria. The prestigious award established to recognise African citizens and also honour Governors, Legislators, Captains of Industries and other esteemed Africans in various fields of endeavors. The Vice President Prof. Yemi Osinbajo will be the special guest of honor and President of Rwanda, His Excellency Paul Kagame will also be receiving an award. “In the last three years, the Ganduje led administration has been able to make significant stri...
FIRS Boss Warns Of Consequences Of Failure To Take Advantage Of VAIDS
News

FIRS Boss Warns Of Consequences Of Failure To Take Advantage Of VAIDS

Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has advised tax defaulters to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS) to avoid prosecution as well as other penalties at the end of the scheme on 31 March. Speaking on Tuesday at the a one-day VAIDS Workshop for professionals in tax advisory services, Fowler, who was represented by Mr. Gbolaga Oshiga, urged Nigerians to truthfully declare their incomes and assets under VAIDS. The scheme, an initiative of the Federal Ministry of Finance, he said, was conceived to bring more Nigerians into the tax net and increase the country’s Tax-to-GDP ratio from the meagre six per cent. “Tax compliance level in the country is one of the lowest in the world. The compliance level to GD...
VAIDS: FIRS Generates N17 Billion In Six Months
News

VAIDS: FIRS Generates N17 Billion In Six Months

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has revealed that the tax amnesty granted by Federal Government under Voluntary Assets and Income Declaration Scheme (VAIDS), raked in N17 billion between June and December 2017. Fowler made this disclosure at the flag off of VAIDS public enlightenment, on Thursday, in Abuja. According to him, an additional N6 billion is expected for remittance before the end of December 2017. The tax agency also noted that it had identified 2,000 properties in various parts of Federal Capital Territory (FCT), Abuja whose owners neither pay taxes nor file returns on them. Fowler added that more firms are keen to seize the window of opportunity offered by amnesty to regularize their tax status, adding that...
Fed Govt To Employ 7,500 Graduates, 5,000 Non-Graduates
News

Fed Govt To Employ 7,500 Graduates, 5,000 Non-Graduates

The Federal Government has disclosed its plans to recruit 7,500 graduates as Community Tax Laision Officers across the country. Government explained that the recruits will raise tax awareness among Nigerians and consequently increase the number of tax payers. Minister of Finance, Mrs. Kemi Adeosun, alongside the Chairman, Federal Inland Revenue Service, FIRS, Babatunde Fowler, made this known during a press conference in Abuja. According to Adeosun, through this initiative, the government expect to increase the number of taxpayers by 35 percent from 14 million to about 17 million in two years. She said, “We will be recruiting them through N-Power and they can apply through the website of the Federal Ministry of Finance or through the N-Power website. “It’s a two-year fixed c...
FIRS Boss Didn’t Delay Our Flight — Air Peace
News

FIRS Boss Didn’t Delay Our Flight — Air Peace

Air Peace has refuted a media report alleging that the Chairman of the Federal Inland Revenue Service, Babatunde Fowler, was responsible for the delay of one of its recent flights. A statement issued by the airline’s Corporate Communications Manager, Chris Iwarah, on Thursday described the report as an unwarranted attempt to tarnish the image of one of its most responsible guests. The airline insisted that although it held all its guests in high esteem, it was not its practice to delay its flights because of anybody, no matter how highly placed. The statement said: “Our attention has been drawn to a media report claiming that one of our Lagos-Abuja flights was recently delayed because of the Chairman of the FIRS. “Although, we would have ignored the report as a figment of the imaginati...
Militants Attack FIRS Officials In Patience Jonathan’ Hotel
News

Militants Attack FIRS Officials In Patience Jonathan’ Hotel

Suspected militants on Wednesday attacked officials of the Federal Inland Revenue Service (FIRS) at a hotel, Aridolf Resort Wellness & Spa, owned by former first lady Patience Jonathan, in Yenagoa, Bayelsa state. It was gathered that the FIRS team went to the hotel in respect of tax liabilities totaling N10,117,500, but were attacked by the hoodlums suspected to be loyal to Dame Patience. According to reports, the FIRS team arrived Aridolf, demanded to see the most senior staff of the hotel but without success. The team, however, read the warrant of distraint to the hotel officials at the reception, as militants, believed to have lodged in the hotel, came out and threatened to kill the officials, claiming that the enforcement exercise was illegal. “We demanded that they sho...

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