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Nigerian bankers colluded with government officials to re-loot recovered Abacha loot: EFCC

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Nigerian bankers colluded with government officials to re-loot recovered Abacha loot: EFCC

Nigerian bankers colluded with government officials to re-loot recovered Abacha loot: EFCC

The Economic and Financial Crimes Commission has accused commercial banks of colluding with government officials to re-loot recovered loot of the late dictator, Sani Abacha.

 

In December 2017, the Federal Government signed a Memorandum of Understanding with Switzerland on the return and monitoring of the $322 million Abacha loot.

 

The proceeds were intended for Conditional Cash Transfer under the Social Investment Programme which began in December 2016, under ex-president Muhammadu Buhari’s administration.

 

The looted funds were meant to provide N5,000 monthly stipends to the most vulnerable Nigerians across the country.

 

However, on Sunday, a spokesperson for the EFCC, Dele Oyewale, in a statement, said that the anti-graft agency opened investigations into other alleged financial malpractices from the ministry; involving the COVID-19 funds and the World Bank- assisted loan coordinated by the Humanitarian Ministry to assist poor Nigerians.

 

The EFCC said, “Discreet investigations by the EFCC have opened other fraudulent dealings involving COVID -19 funds, the World Bank loan, Abacha recovered loot released to the ministry by the Federal Government to execute its poverty alleviation mandate. Investigations have also linked several interdicted and suspended officials of the ministry to the alleged financial malfeasance.

 

“It is instructive to stress that the commission’s investigations are not about individuals. The EFCC is investigating a system and intricate web of fraudulent practices. Banks involved in the alleged fraud are being investigated. Managing directors of the indicted banks have made useful statements to investigators digging into the infractions. Those found wanting will be prosecuted accordingly. Additionally, the EFCC has not cleared anyone allegedly involved in the fraud. Investigations are ongoing and advancing steadily. The public is enjoined to ignore any claim to the contrary.’’

 

The commission also revealed that N32.7 billion and $445,000 had been recovered from both past and suspended officials of the humanitarian ministry.

 

It added that the commission initiated investigations into the affairs of the humanitarian ministry inviting former minister, Sadiya Umar-Farouq, and her successor, Beta Edu, suspended by President Bola Tinubu in January for alleged abuse of office.

Fraud Investigation into Humanitarian Ministry, EFCC Recovers N32.7bn, $447,000

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Fraud Investigation into Humanitarian Ministry, EFCC Recovers N32.7bn, $447,000

Fraud Investigation into Humanitarian Ministry, EFCC Recovers N32.7bn, $447,000

The Economic and Financial Crimes Commission (EFCC), weekend, said it had recovered N32 billion and $447,000 in the ongoing investigation of the Ministry of Humanitarian Affairs and Poverty Alleviation.

 

EFCC was investigating suspended Minister of Humanitarian Affairs, Betta Edu, following the alleged approval of N650 million payment into a private account.

 

President Bola Tinubu had ordered an investigation into the allegations and subsequently suspended Edu from office.

 

She was later invited for questioning by EFCC, detained and subsequently released on bail.

 

But she had also denied any wrongdoing.

 

The agency was also investigating Edu’s predecessor in office, Sadiya Umar-Farouk, over an alleged N37.1 billion fraud, as well as National Coordinator of the National Social Investment Programme (NSIPA), an agency under the humanitarian affairs ministry, Ms Halima Shehu, over alleged financial misappropriation.

 

Shehu was arrested and questioned by EFCC in connection with the movement of N44 billion from the NSIPA account to some suspicious private and corporate accounts within the last four days in December 2023.

 

A statement at the weekend by the anti-graft agency said investigation into the alleged fraud had “yielded the recovery of N32.7billion and $445,000 so far”.

 

It said, “The Economic and Financial Crimes Commission (EFCC) has noticed the rising tide of commentaries, opinions, assumptions and insinuations concerning its progressive investigations into the alleged financial misappropriation in the Ministry of Humanitarian Affairs, Disaster Management and Social Development.

 

“At the outset of investigations, past and suspended officials of the humanitarian ministry were invited by the commission and investigations into the alleged fraud involving them have yielded the recovery of N32.7billion and $445,000 so far.”

 

EFCC stated that the discreet investigations by the agency opened other fraudulent dealings involving “Covid-19 funds, the World Bank loan, Abacha recovered loot released to the ministry by the federal government to execute its poverty alleviation mandate.

 

“Investigations have also linked several interdicted and suspended officials of the ministry to the alleged financial malfeasance.

 

“It is instructive to stress that the commission’s investigations are not about individuals. The EFCC is investigating a system and intricate web of fraudulent practices.”

 

The statement signed by the spokesman of the commission, Dele Oyewale, said, “Banks involved in the alleged fraud are being investigated. Managing directors of the indicted banks have made useful statements to investigators digging into the infractions.

 

“Those found wanting will be prosecuted accordingly. Additionally, the EFCC has not cleared anyone allegedly involved in the fraud. Investigations are ongoing and advancing steadily. The public is enjoined to ignore any claim to the contrary.”

 

On the issue of the works of the commission against naira abuse, dollarisation of the economy, and enforcement of extant laws relating to them, EFCC said it appreciated the avalanche of public awakening, support and involvement demonstrated so far.

 

It stated, “Increasingly, members of the public are drawing the attention of the commission to video recording of abuse of the naira by Nigerians from all walks of life.

 

“These gestures amply demonstrate rising consciousness of the public to the sanctity of our national currency and the need for collaborative engagement to sustain the tempo.

 

“To this end, the commission will always investigate and prosecute anyone involved in the abuse of the naira.

 

“Old videos being exhumed and flying around for the attention of the commission are noted as the commission is sensitive to the fact that its Special Task Force against Naira Abuse and Dollarisation of the economy commenced operations on February 7, 2024.

 

“However, going forward, new videos of such infractions will be investigated and prosecuted.”

 

The agency said at the moment, the commission was investigating several celebrities involved in naira abuse.

 

EFCC stated, “Many of them have made useful statements to the commission and many more have been invited by investigators working on the matter.

 

“The EFCC will not relent in its no-sacred-cow mode of operations and the public should be wary of running afoul of laws against the crime.”

Ghana’s economic crisis lingers as it fails to strike debt deal with two international Bondholders

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Ghana’s economic crisis lingers as it fails to strike debt deal with two international Bondholders

On Monday, The Ghanaian government said that it failed to strike a deal with two international bondholder groups in its bid to restructure $13 billion of international bonds and pull the west African country out of its largest economic crisis in a generation.

 

According to Reuters, talks were derailed for now after the International Monetary Fund (IMF) indicated that the deal would not fit into its debt sustainability parameters which usually suggest how much debt the IMF thinks a country can afford.

 

Since March 16, Ghana has been in formal talks with two international bondholder groups which include one “international” group of western asset managers and hedge funds and another one including regional African banks.

 

The Ghanaian government explained that it was working hard to arrive at a solution that would benefit the country and its international bondholders while fitting into IMF policies and parameters.

 

“The Government is actively working on solutions that it believes would be consistent with IMF program parameters under the set of policies currently being discussed, with the objective of reaching a mutual agreement acceptable to all parties,” the government said in the regulatory statement.

 

Ghana together with other African countries like Zambia and Ethiopia are struggling to rework their debt under the G20 Common Framework, a process set up during the COVID-19 pandemic to speed up debt overhauls.

 

However, the progress of the three African countries in its debt reworking pursuit has been slow.

 

Ghana is “confident… at some point” it will reach an agreement with bondholders,” Finance Minister Mohammed Amin Adam told a press conference on Saturday, without giving a timeline.

 

The IMF’s Ghana Mission Chief Stephane Roudet at a joint news briefing held at the end of the IMF’s second review of its $3 billion loan program with Ghana explained that the Fund needs to see continuous progress in Ghana’s talk with its bondholders.

 

Bondholders in the proposed new deal that fell through have pushed for the addition of extra clauses to the new deal. These extra clauses include a “loss reinstatement clause” that reverts the new bonds back to their original values in case of another default and provisions to limit the right of the government to legally challenge the deal.

 

Ghana is aiming to cut $10.5 billion from its external debt repayments and interest costs due from 2023 to 2026. It reached an agreement in principle in January to rework $5.4 billion of loans with official creditors, which will need to confirm that the bondholder deal is comparable to what they offered.

 

What To Know

In December 2022, Ghana, the world’s second-biggest cocoa producer, defaulted on most of its external debt of $30 billion, after debt costs and inflation surged when it was locked out of international markets.

 

The West African country is currently going through its worst economic crisis in a generation and it is seeking to restructure about $13 billion worth of international bonds.

 

Credit: Nairametrics

HOW AWUJALE OBA SIKIRU ADETONA REUNITED FOUR OGUN GOVERNORS

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HOW AWUJALE OBA SIKIRU ADETONA REUNITED FOUR OGUN GOVERNORS

Call it a triple celebration and you certainly won’t be wrong. The Awujale and paramount ruler of Ijebu land, Oba (Dr.) Sikiru Kayode Adetona, Ogbagba II, on May, 10, 2024, gathered some of the most powerful personalities in the land to celebrate three significant milestones with him.

First, the highly revered monarch was celebrating his 90th birthday. Second, he was also celebrating his 64 years on the throne, making him the longest reigning monarch in the country and possibly one of the longest reigning kings in the world. Finally, he was also commissioning the Oba (Dr.) Sikiru Adetona School of Governance Studies complex, Olabisi Onabanjo University (OOU) Ago-Iwoye. All of these were part of the week long activities lined up to celebrate the 90th birthday of one of Yoruba land’s most admired and respected monarchs.

 

The event hall named Ogbagba hall, after the monarch, was filled to overflowing. Everyone that mattered in Ogun State was present at the event. From the various royal fathers spread across some of the biggest towns in Ijebu land to captains of industry and politicians of repute.

Former President Olusegun Obasanjo and his wife were in attendance along side prominent Ijebu high chiefs led by the Ogbeni Oja himself, (Dr.) Olorogun Sunny Kuku. Several senators, serving and former, House of Representatives members, both serving and former, spread across the country, were gathered at the event to celebrate with the Awujale.

 

Ministers, serving and former, like Dr. Mrs. Onikepo Akande, were also in attendance. The immediate past Governor of Kaduna State, Mallam Nasir El-Rufai was also present to felicitate with the paramount ruler of Ijebu land.

 

The high point of the event undoubtedly was when President Bola Tinubu conferred on the Awujale of Ijebu land, Oba Sikiru Adetona, the second highest national honour of the Grand Commander of the Order of Niger (GCON) to mark the monarch’s 90th birthday celebration. This clearly took everyone by surprise as no one saw it coming. The President, who was ably represented by the vice President Kashim Shettima,, said the revered monarch deserved the honour because of his contributions to national building and meritorious service to humanity.

 

Just before the Vice President made the announcement, many of the guests present must’ve been puzzled when, in the middle of his speech, he demanded that everyone paid attention to what he was about to say. He went to specifically ask the Awujale’s Olori to put aside her phone and listen to what he was about to say next. And that was when he dropped the big news that the Awujale, Paramount ruler of Ijebu land, had been conferred with the second highest title in the land, the GCON.

 

The entire hall promptly rose to its feet in resounding applause as dignitaries took turns to congratulate the birthday boy. Apart from the commissioning and unveiling of the Oba Sikiru Kayode Adetona School of Governance Studies, there was also the presentation of a book titled; “Reinventing Governance in Nigeria: The Oba (Dr.) Sikiru Kayode Adetona Model.” The voluminous book was shared around and given to almost everyone in the hall.

 

President Bola Ahmed Tinubu, who spoke through his representative, Vice President, Kashim Shettima, noted that the numerous contributions of Oba Adetona to national development, particularly in the education sector have expanded the sector to optimal delivery through various donations and endowments.

 

He described the monarch as forthright with exceptional character who stood his ground and confronted injustice in all ramifications, commending him for his role in ensuring the return of democratic governance in Nigeria. The President went on to aver that Oba Sikiru Adetona School of Governance Studies would be taken over and managed by the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Jos.

 

“Because Kabiyesi Adetona has honoured our country and humanity with his many years of meritorious service, I, therefore, on this occasion of his 90th birthday ceremony confer on him the second highest National honour of Grand Commander of the Order of Niger (GCON).

 

“The National Institute of Policy and Strategic Studies, Kuru, Jos, will be asked to take over the running and management of Oba Sikiru Adetona School of Governance Studies,” the Vice President announced to the gathering.

 

The event, anchored by the very beautiful Mrs. Afolake Badejo, Dr. Fassy Yusuf and Hon. Tunde Gazal was pretty well coordinated. Shortly after the national anthem was sang, the vice chancellor of the Olabisi Onabanjo University, Professor Ayodeji Agboola, mounted the stage to read the welcome address. This was followed by a brief speech about the School of Governance Studies by Professor Adetutu Adetona- Anyaegbunam, the Chairperson Governing Board, Oba (Dr.) Sikiru Adetona School of Governance Sdtudies.

 

Another significant part of the event was the presentation of the book titled: Reinventing Governance In Nigeria: The Oba (Dr.) Sikiru Adetona model.

For many, the high point of the occasion would be the bringing together of four Ogun governors, three of them former governors and one serving governor. It is an open secret that that there is an unending hostility between former governors of Ogun State, Aremo Olusegun Osoba, Otunba Gbenga Daniel, Ibikunle Amosun and Governor Dapo Abiodun. It is so very rare to find all these four governors sitting together under one roof.

 

At Awujale’s event, they just did not sit under one roof, they sat close to each other and shared banters together. Even after the event was officially over, the four of them could still be seen stepping out of the hall together and laughing and enjoying each other’s company. It was indeed a rare sight to behold. People were nudging each other, pointing in the direction of these four illustrious sons of Ogun State as they were stunned to find the four men who many thought had been politically torn apart speaking freely together and savouring the joy of the ocassion.

 

Many agreed that only one person could’ve achieved this feat, and that is the Awujale himself. Not many could’ve achieved what the Awujale achieved, bringing these four political gladiators together under one roof without any fireworks going off in the process. It was indeed a pleasant sight to behold and many Ogun sons and daughters would certainly hope they will continue to see more of this type of reunion amongst the many politicians in the state who barely speak to each other.

 

Credit: City People

IranAttack : UK Prime Minister Rishi Sunak Condemns Iranian Assault on Israel

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IranAttack : UK Prime Minister Rishi Sunak Condemns Iranian Assault on Israel

In a firm response to the recent escalation of tensions in the Middle East, UK Prime Minister Rishi Sunak voiced strong disapproval of Iran’s assault on Israel. Sunak’s condemnation came amidst growing concern over the volatile situation in the region.

“I condemn in the strongest terms the Iranian regime’s reckless attack against Israel,” stated Prime Minister Sunak, emphasizing the seriousness of the situation. He underscored Iran’s repeated attempts to destabilize the region, reaffirming the UK’s commitment to standing up for Israel’s security and that of its neighboring partners, including Jordan and Iraq.

 

“Iran has once again demonstrated that it is intent on sowing chaos in its own backyard,” Sunak asserted, highlighting the destabilizing actions of the Iranian regime. He further emphasized the urgent need for collective efforts to stabilize the situation and prevent further escalation.

“The UK will continue to stand up for Israel’s security and that of all our regional partners, including Jordan and Iraq,” affirmed Sunak, signaling unwavering support for stability and security in the Middle East. He reiterated the importance of working alongside allies to address the ongoing challenges and prevent further bloodshed.

 

As tensions persist in the region, Prime Minister Sunak’s strong condemnation underscores the gravity of the situation and the UK’s commitment to promoting peace and stability in the Middle East

President Biden Reaffirms Strong Support for Israel Amid Rising Tensions with Iran

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President Biden Reaffirms Strong Support for Israel Amid Rising Tensions with Iran

President Joe Biden convened a high-level meeting with his national security team today to receive an update on the escalating situation in the Middle East, particularly regarding Iran’s recent attacks against Israel. The meeting underscored the United States’ unwavering commitment to ensuring Israel’s security in the face of threats posed by Iran and its proxies.

During the briefing, President Biden reaffirmed the ironclad support of the United States for Israel, emphasizing the importance of standing shoulder-to-shoulder with the nation in the wake of heightened tensions. The discussions delved into the latest developments in the region, including Iran’s alleged involvement in recent attacks targeting Israeli interests.

 

In a tweet from the president official X page following the meeting, the White House reiterated the administration’s stance on the matter, stating, “The United States stands firmly alongside Israel in the face of aggression from Iran and its proxies. Our commitment to Israel’s security is unwavering, and we will continue to work closely with our allies to address threats to regional stability.”

Tunde Onakoya is Attempting To Break Guinness World Record for the Longest Chess Marathon in 58 Hours

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Tunde Onakoya is Attempting To Break Guinness World Record for the Longest Chess Marathon in 58 Hours

Nigerian chess master and founder of Chess in Slums Africa, Tunde Onakoya, is set to attempt to break the Guinness World record for the longest chess marathon in the heart of New York City’s Times Square. The goal: play chess for 58 hours without a single defeat.

 

His motivation is driven by a mission to empower disadvantaged children. “Doing this for the dreams of millions of children across Africa without access to education,” he declares.

 

Tunde is currently in New York and has been spotted playing chess and winning at events, chess clubs and even on the bustling streets of Times Square.

 

Related Topics:

PRESIDENT TINUBU TO GOVERNORS AND NATIONAL ASSEMBLY LEADERSHIP: LET US UNITE TO MAKE NIGERIA GREATER

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STATE HOUSE PRESS RELEASE

 

PRESIDENT TINUBU TO GOVERNORS AND NATIONAL ASSEMBLY LEADERSHIP: LET US UNITE TO MAKE NIGERIA GREATER

 

President Bola Tinubu has called for unity of purpose and more collaboration between the federal government, state governors, and members of the National Assembly to achieve national development goals.

 

The President made the appeal while receiving state governors and the leadership of the National Assembly in Lagos on Friday.

 

Led by Vice-President Kashim Shettima, the delegation included Senate President Godswill Akpabio; the Speaker of the House of Representatives, Tajudeen Abbas; Governor AbdulRahman AbdulRazaq of Kwara State and Chairman of the Nigeria Governors Forum, among others.

 

Speaking on behalf of the President, Vice-President Shettima expressed optimism about Nigeria’s economic resurgence and called for collective efforts to propel the nation forward.

 

He urged unity and collaboration among all stakeholders to achieve shared prosperity and promised a brighter future for the nation under President Tinubu’s guidance.

 

“Let us unite, rally around our leader, and catapult this nation to a greater pedestal. By December, I hope we will have cause to celebrate. Let us coalesce to take the nation to a greater pedestal,” Vice-President Shettima said.

 

Emphasizing President Tinubu’s role as a unifying leader transcending ethnic and religious lines, the Vice-President noted that the gathering of 27 governors in Lagos, along with the leadership of the National Assembly and some former governors, bears the testimony of a detribalized leader who has embraced all.

 

”This gathering cuts across ethnic, religious, and political lines. Here, we have Pastor Eno of Akwa Ibom and Father Hyacinth of Benue, and as the President was seated, he was asking, ‘Where is Wammako, where is Yari’? That is the hallmark of true leadership. What binds us together supersedes whatever it is that may divide us.”

 

”The future of the black man rests on Nigeria to make or mar. Our economy has turned the corner. By the coming months, the economy will roar back to glory,” the Vice-President said.

 

Senate President Akpabio commended the state governors for emulating President Tinubu’s leadership style, characterized by listening to diverse voices and consulting widely with the people, irrespective of political affiliations.

 

“The governors are doing well. I can say so because I have been there before,” Senator Akpabio said.

 

Expressing confidence in President Tinubu’s leadership, Akpabio noted that the President enjoys the broad support of Nigerians across political divides.

 

“As you coast home to victory for a second term, may all the governors seated here also coast home to a second term victory in their states,” Senate President Akpabio prayed.

 

In his remarks, Governor AbdulRazaq expressed support for the 700km Lagos-Calabar Coastal Highway, describing it as a huge project that will have a significant impact on the nation when completed.

 

He commended the President’s efforts in stabilizing the economy and improving living conditions, highlighting the positive developments in the country, which include the stabilization of the exchange rate and decreasing food prices.

 

He attributed these improvements to the President’s initiatives and also lauded the Federal Ministry of Health and Social Welfare’s funding for 8,800 primary healthcare centres.

 

“We commend your efforts because the ship is gradually turning. We have seen how the exchange rate of the naira against the dollar is coming down. The cost of food is coming down. The dry season harvest is commencing soon. Things are getting better, and there is light at the end of the tunnel,” the Governor said.

 

He urged President Tinubu to persevere in his efforts towards achieving economic stability.

 

The governor also expressed gratitude for the support provided by the Federal Government to states, particularly in distributing grains to alleviate food shortages.

 

”We are here to support you, and we also thank you for the support that you are giving to the sub-nationals. Trucks are wheeling up across the nation, distributing grains. I have received, and most of the states have.

 

”Because of what you are doing, those who are hoarding food items are releasing them, and that is why the prices of food are coming down,” he said.

 

Governor AbdulRazaq reiterated the governors’ commitment to supporting the President’s initiatives and pledged to continue complementing the efforts of the federal government in driving progress and prosperity across the nation.

 

Chief Ajuri Ngelale

 

Special Adviser to the President

 

(Media & Publicity)

 

April 12, 2024

How ISWAP, NJIM, are getting fuel through Kebbi- Niger – Benin and Burkina Faso 

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How ISWAP, NJIM, are getting fuel through Kebbi- Niger – Benin and Burkina Faso 

Large quantities of fuel and other supplies were being loaded from Nigeria’s border in Kebbi State to Dolé Kaina village in Tounouga community and Sabon Birni in Gaya (DOSSO) in Niger Republic on a routine basis

Dole-Kaina, is a border town between Nigeria and Niger Republic runs through one half of the town in Kebbi State of Nigeria, while the other falls into Dosso State of Niger as well as Benin Republic.

 

Terrorists Marchants secretly transport large quantities of Fuel, ammunition, and other logistics to terrorist groups in the Sahel and West African region through these routes. Sometimes, they passed through Benin Republic to get to Kompienga, one of the 45 provinces of Burkina Faso, located in its East Region to supply other terrorist groups.

The Bandit in the North West also used the same route to transport arms and ammunitions into Nigeria, which they used to aid their campaign of terror.

 

One of the challenges confronting Nigeria today is the proliferation of small arms and light weapons. This problem is more pronounced in developing countries where there are porous borders and weak institutions responsible for border security like Nigeria.

 

The proliferation and misuse of small arms and light weapons in the country is a progressively complex and multifaceted phenomenon that affects people and insecurity.

 

The destabilizing accumulation and uncontrolled spread of small arms and light weapons by the terrorists groups has increased the intensity and duration of conflict, undermines the sustainability of peace, impedes the success of peace building, frustrates efforts aimed at the prevention of the conflict and hinders considerably the provision of humanitarian assistance in the affected areas.

 

Recommendation: There is a need for an improved border management mechanism using modern and sophisticated detection equipment to discourage arms trafficking through border communities in Nigeria.

Understanding TaxPro-Max by FIRS

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Understanding TaxPro-Max by FIRS

*Understanding TaxPro-Max by FIRS*

 

By Arabinrin Aderonke Ogunleye-Bello

Amid economic challenges worsened by changing oil prices and COVID-19, the Federal Inland Revenue Service (FIRS) has recognized the critical need for innovative revenue generation methods. Therefore, FIRS has introduced TaxPro Max as a solution to address Nigeria’s critical revenue problems.

 

The introduction of an input VAT credit mechanism and the modification of the sales adjustment process are among the key changes implemented by FIRS. The input VAT credit mechanism mandates suppliers to remit VAT collected from customers using a new sales schedule format, while the sales adjustment process requires taxpayers to provide additional information for adjustments, with VAT credit reversals for prior month adjustments.

 

One of the notable features of TaxPro Max is its robust e-Payment system. Taxpayers can make payments through multiple channels, including online platforms, direct debit, debit cards, and integrated payment gateways such as Remita, InterSwitch, and eTransact. Installment payments are also supported, allowing taxpayers to manage their cash flow more effectively. Before committing to an installment payment agreement, taxpayers can view and calculate payment amounts and schedules, promoting transparency and financial planning.

 

In addition to facilitating tax payments, TaxPro Max generates e-Receipts for payments made, which are automatically sent to the taxpayer’s registered email address. These FIRS-branded receipts serve as tangible evidence of payment and can be verified for authenticity by scanning the QR code provided. Furthermore, taxpayers can easily request and obtain Electronic Tax Clearance Certificates (e-TCC) through TaxPro Max. Upon approval, the e-TCC is promptly delivered via email, offering convenience and efficiency in obtaining essential tax documents.

 

TaxPro-Max holds the potential to stimulate economic growth by improving the ease of doing business in Nigeria. Simplified tax procedures and streamlined processes enable businesses to focus their resources on productive activities, driving innovation, investment, and job creation across various sectors of the economy.

 

Meanwhile, the old method used to be cumbersome, which requires a visit to the FIRS office or hiring of an agent to support the processes of acquiring TIN Number and payment of tax, but with TaxProMax, its a Do-it-yoursef DIY process which simply means, once you have your code, you can do everything on your own and from your comfort zone.

 

The measures taken by the Federal Inland Revenue Service (FIRS) under the leadership of Dr Zacch Adedeji are a good one. The introduction of TaxPro-Max and the ongoing efforts to modernize tax administration signify a commendable commitment to fostering sustainable revenue generation and economic stability in Nigeria. With the continued dedication and vision of the FIRS boss, there is optimism that the nation’s tax system will undergo substantial reform for the benefit of all Nigerians.

 

_Arabinrin Aderonke ANIPR is an Award-Winning investigative journalist and finalist, 2016 CNN African journalist Award. She currently serves as Technical Assistant, Broadcast Media at Federal Inland Revenue Service_

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