Posted on Fri 24 Nov 2017, 05:53 AM

The National Economic Council has been informed of the list of 500 tax dodgers made up of some prominent citizens with investments abroad.

Minister of Finance, Kemi Adeosun, explained that such Nigerians can take advantage of the Voluntary Assets & Income Declaration Scheme (VAIDS) to settle past taxation defaults.

“Letters would soon be going out to these Nigerians, including a number of prominent ones, asking them to take advantage of the tax amnesty in order to avoid prosecution and fines by simply paying up their tax defaults,” she said.

Posted on Tue 7 Nov 2017, 04:18 AM

More than 800,000 companies in Nigeria, including government contractors, have never paid any taxes, Finance Minister Kemi Adeosun has revealed.

In a statement, she also said that only 14 million Nigerians, out of an economically active base of 70 million, paid taxes.
Of the 14 million, more than 95% were salary earners in the formal sector, but only 241 people paid personal income taxes amounting to about $65,500 (£50,000) in 2016, Ms Adeosun said.

Posted on Thu 2 Nov 2017, 10:47 AM

The Minister of Finance, Kemi Adeosun has commended the team running the Presidential Initiative on Continuous Audit for detecting pay roll fraud by  nine civil servants suspected to be involved in siphoning public funds by inserting fake workers in the payroll of Federal Ministries.

The 9 suspects were on Wednesday, arraigned at an Abuja High Court for prosecution by the Economic and Financial Crimes Commission (EFCC) for allegedly conspiring and inserting fake workers in the payrolls of the Federal Ministry of Agriculture and Water Resources.  

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