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VAIDS: FG threatens to expose defaulters

Jude Johnson   The Minister of Finance, Mrs. Kemi Adeosun, has warned that wealthy Nigerians, who do not take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS) to regularize their tax status, would be exposed and face serious consequences.   According to her, the Federal Government has compiled data on property, bank

Nigeria, Foreign Countries Share Data on Overseas Bank Accounts

Property Owned by Nigerians Babatunde Abiodun  The Nigerian government and some foreign countries, including the United Kingdom Government, have commenced the Automatic Exchange of Tax Information (AETI), particularly on overseas assets held by Nigerians. The Minister of Finance, Mrs. Kemi Adeosun, confirmed this on Friday in Abuja during the presentation of Progress

FG investigates over 200 whistleblowing tips on taxpayers

•Suspends 2 tax officials Babatunde Abiodun  The Federal Government has begun an investigation into over 200 whistleblowing tips on tax officials and taxpayers which involves under declaration of taxes as well as demand by taxpayers and receipt of gratifications by tax officials. The government through the Federal Ministry of Finance has also commenced the

VAIDS: Offshore tax havens no longer offer protection –Adeosun

•To crosscheck tax declarations users of Offshore tax havens Jude Johnson  The Minister of Finance, Mrs. Kemi Adeosun, advised Nigerians to review any existing tax planning schemes, including those in offshore tax, havens, in order to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS) to regularise their tax status

All change!!!  Nigeria is not an oil economy

By Kemi Adeosun Descriptions of Nigeria’s economy often include such phrases as ‘Africa’s largest oil producer’ and ‘the oil-rich African nation’ but oil economies are typically characterised by low population densities and abundant oil resources. Saudi Arabia with 10 million barrels of oil per day and 30 million people, Kuwait with 2.7

VAIDS: FG released N1.2trn for capital projects under 2016 budget- Adeosun

•To provide training for professionals ...Jude Johnson    The Nigerian Minister of Finance, Mrs. Kemi Adeosun, has disclosed that the Federal Government has released over N1 trillion for capital projects under the 2016 budget.   Adeosun stated this on Tuesday in a message to the Conference of the Chartered Institute of Stockbrokers held at the

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