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Tag Archives: Mrs. Kemi Adeosun

CBN, Adeosun in NASS net for buying $462m helicopters without approval in March

Kemi Adeosun

The Nigerian upper legislative chambers on Tuesday summoned the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, Minister of Finance, Mrs Kemi Adeosun and her Defence counterpart, Mansur Dan-Ali to appear before it. The trio are to appear and explain why they should not be sanctioned for contravening procurement process in the withdrawal and subsequent purchase of $462m ...

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VAIDS: Only Act of NASS can establish Special Tax Courts, not ministry—Ubani

Kemi VAIDS

Indications have emerged showing that the trending announcement by the Minister of Finance, Mrs. Kemi Adeosun, that federal government will from April 1, this year begin the trials of identified 130,000 high profile tax evaders, may not work after all. This is based on the fact that the establishment of a Special Courts is the sole statutory function of the ...

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FG under pressure to extend VAIDS’ March 31st deadline by one month

Kemi VAIDS

Indications emerged on Tuesday that based on rising pressure from some former governors, top politicians, high profile individuals, business owners and professional bodies, on the Ministry of Finance to give more time for the expiration of voluntary tax declaration window under the Voluntary Asset and Income Declaration Scheme (VAIDS) scheme, government towards the end of the month announce one month ...

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Sorrow awaits tax evaders’ who fail to take VAIDS advantage from month end—Minister

VAIDS Kaduna

The Minister of Finance, Mrs. Kemi Adeosun in Kaduna on Thursday, called on tax evaders’ or those who have not declared their income or pay taxes accordingly to take advantage of the  Voluntary Assets and Income Declaration Scheme (VAIDS) or face prosecution at its expiration on 31st March, 2018. Explaining this during a Stakeholder Interactive Session on VAIDS held at ...

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Bureaucracy, excess agencies at ports minus for new import-export guidelines

Minister of Finance, Mrs. Kemi Adeosun

Just as the Federal Government is to commence the implementation of the 2017 Revised Import and Export Guidelines effective January 1, 2018, as part of its policy of enhancing the ease of doing business in the country, stakeholders argue that the take off may be hampered by a number of unresolved issues at ports. Besides, the new policy means that ...

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Non-receipt of VAIDS letter doesn’t mean FG didn’t identify tax evaders—Adeosun

Kemi VAIDS

As the Federal Inland Revenue Service (FIRS) began to dispatch letters of tax notice to listed 500 prominent Nigerians with property and trusts abroad, on Monday, the Minister of Finance, Mrs. Kemi Adeosun has made it clear that those in similar category who are yet to be profiled should not assume that government has missed them. The letters will serve ...

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FG yet to complete forensic audit of NCC, Customs accounts

World Bank Nigeria

The Minister of Finance, Mrs. Kemi Adeosun, has revealed that the accounts of two major revenue generating agencies of the government including the Nigerian Communications Commission (NCC) and Nigerian Customs Service (NCS) are still outstanding and yet to be audited. Already, the Federal Government has completed the forensic audit of the Nigerian Ports Authority (NPA), the Nigerian Maritime Administration and ...

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Sanctions await tax defaulters’ who failed to comply with VAIDS – FG

Kemi Adeosun

The federal government is still tightening its strategic efforts to capture everybody in its massive tax net, using the newly introduced Voluntary Assets and Income Declaration Scheme (VAIDS). To raise awareness and quicken compliance to the amnesty-styled scheme, the Minister of Finance, Mrs. Kemi Adeosun, said government would prosecute tax defaulters who fail to take advantage of the nine-month amnesty ...

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7 banks yet to move MDAs’ funds to TSA 2 years after

Kemi Adeosun

The Minister of Finance Minister, Mrs. Kemi Adeosun has listed seven money deposit banks still holding on to large sums of money belonging to Ministries, Departments and Agencies (MDAs), more than two years after the introduction of Treasury Single Account (TSA). Business Hilights recalls that in July, the Federal High Court in Lagos granted an interim order directing seven banks ...

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Sukuk fund: Each zone to get N16.67bn for selected roads repairs

Adeosun Buhari

Following the raising of about N100 billion from the recently floated sovereign sukuk, the Federal Government has disclosed that each of the six geopolitical zones will get about N16.67bn to fix 25 major economic roads. The Finance minister, Mrs. Kemi Adeosun revealed that the sukuk was over-subscribed, as over N105bn was realised, adding that N100bn was pulled out for the ...

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