Tax: EFCC recovers N27.7b from six banks

EFCC Acting Chairman, Ibrahim Magu

The Economic and Financial Crimes Commission (EFCC) has recovered over N27.7billion from six banks being unremitted withholding tax on dividends. Also, about seven more banks were said to be on the radar of the anti-graft agency for similar infractions. According to a fact-sheet obtained by our correspondent, the EFCC is expecting recovery of more withholdingRead More

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JTB eyes 40m individuals outside tax net

The Chairman, Joint Tax Board (JTB), Mr. Babatunde Fowler, says the board is set to capture 40 million Nigerians outside its tax net by March, next year. Fowler, who is also the Chairman, Federal Inland Revenue Service(FIRS) gave the new target in Sokoto yesterday during a courtesy visit to the Sultan of Sokoto, Sultan MuhammadRead More

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