Tobi Aminu

Nigeria: Is A Lien Placed By FIRS On A Taxpayer’s Bank Account A Valid Encumbrance Against Garnishee Order?

Introduction The propriety of an administrative notice issued by the Federal Inland Revenue Service (“FIRS”), directing a bank to freeze an account of a customer allegedly in default of a tax obligation, seems to have been judicially settled [1]. Whether or not such an administrative notice constitutes a lien, which can operate to impede the …

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Excess Dividend Tax is illegal –Expert

The Finance Act and oversight functions of tax authorities came under heavy hammer Thursday in Lagos  as the pioneer president of Chartered Institute of Taxation  of Nigeria (CITN), Chief Ajibola Olorunleke, adjudged the Excess Dividend  Tax provision as illegal, just as Dame Gladys Simplice, the current helmsman,  urged tax regulatory activities to be centralised. According to …

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Fowler, FIRS chairman, elected president of African tax body

Babatunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS), has been elected president of the African Tax Administration Forum (ATAF). At the election, which held in Pretoria, South Africa, on Wednesday, Fowler polled 13 votes ahead of the four secured by his Togolese opponent. In his acceptance speech on behalf of Nigeria, Fowler …

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Stakeholders berate CBN over $17 billion illicit financial flows

Over one million illegal operators still active, says ABCON Illicit Financial Flows (IFFs) out of Nigeria may not subside unless the Central Bank of Nigeria (CBN), takes a bold step in designing preventive measures and enforcing regulations that would curb commercial banks and individuals arbitrariness engaged in the crime. The stakeholders, who gathered in Abuja, …

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