The Tax Appeal Tribunal, Lagos Zone, has ruled as lawful, an assessment in additional tax liability of almost N1.74billion awarded against Prime Plastichem Nigeria Limited (PPNL), by the Federal Inland Revenue Service (FIRS).

The Minister of Finance Budget and Planning Zainab Ahmed and State Minister for Petroleum Resources, Timipre Sylva as well as other stakeholders in the extractive sector in the country

Ekiti State Government has blamed the low Internally Generated Revenue (IGR) of the state on high incidence of tax evasion by citizens.

The Federal Inland Revenue Service (FIRS), has taken the Midwestern Oil and Gas Company  Limited to a Federal High Court, Lagos over failure to pay  the outstanding tax liability due to the Federal government  in the sum of $97,086,985.     In an affidavit sworn to by a legal practitioner from the law firm of DAC…

The absence of political will and commitment, to enforce tax laws has placed undue burden on the country’s oil revenue. Also, failure to review tax legislation and lack of strict adherence to tax policy...

A Lagos High Court sitting in Igbosere, yesterday fixed October 10 to resume the trial of Nollywood actress and producer, Monalisa Chinda-Coker, for alleged tax evasion. The state had dragged the actress to court on two-count charge of failure to file annual tax returns and pay income tax in respect of her company, Monalisa Code…

Rui Pinto, the hacker linked to the Football Leaks website, who is being held in Portugal awaiting trial, wants to continue aiding investigations in other European countries, his lawyers said on Monday. Pinto, who is Portuguese, was involved with a series of leaks that exposed murky dealings across European football. He was extradited from Hungary…

Michael Cohen was the personal lawyer to Donald Trump and the epitome of loyalty -- a man who said he would "take a bullet" for his boss. No longer. Michael Cohen, once one of Trump's most trusted lieutenants, completed his acrimonious break with the president on Wednesday. In dramatic nationally televised testimony before a US…

Football star, Cristiano Ronaldo has been ordered to pay N7,633,500,000 ($21 million) fine as punishment in his tax fraud case. This should not be such a huge amount of money for the star who earns around N32,715,000,000 ($90 million) a year to cough out since it means he won't have to serve a 23-month prison…

The Federal Government has taken twin issues of illicit financial flows, and tax evasion being committed by multinational companies to the international community for possible solutions that would stem the tide. However, Nigeria has been advised to evolve an efficient disaster response ready for any eventuality, as natural disasters are currently sweeping across countries, even…

President Muhammadu Buhari is tightening regulations against money laundering and tax evasion in a new Executive Order number eight, tagged Voluntary Offshore Assets Regularization Scheme (VOARS).

On the orders of the Abia State High Court, Umuahia, the premises of two hospitals based in Umuahia and a hotel based in Aba were have been sealed and their business activities suspended.