Governor Nyesom Ezenwo Wike has said the historic legal battle between Rivers State government and Federal Inland Revenue Service (FIRS) with respect to Value Added Tax (VAT), will demonstrate whether the country respects the rule of law or not. The governor said the decision of the State government to seek judicial interpretation on VAT collection,…
Governor Nyesom Ezenwo Wike has signed into law bills on Value Added Tax (VAT) collection, Open Grazing Prohibition in Rivers State. He maintained that the judgement of the Federal High Court sitting in Port Harcourt had sufficiently addressed the illegality perpetrated by the Federal Inland Revenue Services (FIRS) on behalf of the Federal Government in…
These are definitely the best of times for billionaire businessman, Mike Adenuga. It seems he is moving from one problem to another. On Wednesday, May 11, 2016, officials of the Federal Inland Revenue Service, FIRS, were at his company’s headquarters in Lagos to seal up the place. The FIRS officials said the telecommunications company, Globacom…
Governor Ayodele Fayose has kicked against plans by the Federal Government to increase Value Added Tax, VAT, from the current five per cent to 10 per cent, describing it as insensitive to the plight of Nigerians, who he said are suffering from the bad economic policies of the President Mohammadu Buhari led All Progressives Congress,…