30 results
- 17 Dec 2012
Alarm over Rising Tax Evasion
Tax evasions by multinational companies Nigeria is so vast that one tax analyst believes that if the money were paid, Nigeria would have developed now. Gbemi Olajumoke, a tax consultant said that…
- 27 Aug 2012
Misfiring Report Accuses Tech Coys of Tax Evasion
A new report tagged “Masters of Tax Evasion” has chronicled the way in which huge companies around the world have avoided paying equal share of taxes over the years and in simple terms concluded that…
- 4 Jun 2015
Nigeria Loses N2Trn to Tax Evasion, Cyber Crimes
Nigeria has lost some N2 trillion as a result of tax evasion by capable companies and cybercrimes perpetrated by some Nigerians, according to Aloysius Etok, chairman, Senate Committee on…
- 23 Apr 2024
Kenya to Extradite Anjarwalla, Binance Executive Linked to Tax Evasion to Nigeria
Kenya is preparing to extradite Nadeem Anjarwalla, a Binance executive wanted by Nigerian authorities for alleged involvement in tax evasion and a dramatic escape from custody. Anjarwalla was…
- 7 Jun 2024
EFCC Arraigns TSTV, Executives over Alleged Tax Evasion, 419
Federal government has dragged two top executives of Telecom Satellites Limited (TSTV), to court over alleged tax evasion, money laundering and advanced fee fraud offences. The accused are Dr Bright…
- 25 Jul 2016
Uganda Authority Curbs Tax Evasion with EMC's Agile VCE Solution
According to Uganda Revenue Authority (URA), tax evasion in the country has been put under check thanks to the Vblock 340 platform with a VCE Vision™ software dashboard allowing the URA no longer…
- 9 Jul 2026
Court Adjourns Alleged Binance Tax Evasion Case over Settlement Talks
Federal High Court in Abuja has adjourned the Federal Government’s alleged tax evasion case against Binance Holdings Ltd. cryptocurrency exchange, until September 24, 2026, to allow both parties more…
- 14 Jun 2024
Court Strikes out Tax Evasion Charges against Gambaryan, Nadeem Binance Executive
Justice Emeka Nwite of the Federal High Court has discharged Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, from the tax evasion allegations levelled against them by the Federal Inland…
- 1 Jan 2014
Nigeria, Others Lose $947Bn to Corruption, Tax Evasion
Nigeria and some other developing countries lost a total of $946.7 billion to corruption, trade mis-invoicing and tax evasion in 2011, with amount being spirited away growing larger with each passing…
- 26 Mar 2024
FIRS Files Tax Evasion Charges against Binance
Federal government of Nigeria has initiated legal proceedings against Binance, a major cryptocurrency exchange platform, for alleged tax evasion. The charges, formally filed at the Federal High Court…
- 26 Jul 2024
Osun, Delta Fine Google, Meta $350m Each for Alleged Tax Evasion
Osun and Delta states’ tax authorities have fined Google Nigeria and Meta Platforms Inc. $150 million and $200 million, respectively, for alleged non-remittance of withholding tax. The fine is…
- 26 Jun 2020
Tax Transparency Report shows African Making Headway in Tackling Tax Evasion, Money Laundering
African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the latest Tax Transparency in…
- 8 Apr 2025
Court Delays $81.5Bn Tax Evasion Case against Binance
Nigerian authorities have postponed legal proceedings against Binance as tensions persist over the crypto exchange’s role in the country’s economic troubles. According to a recent report, a court in…
- 5 May 2021
Tax Evasion: FIRS Plans Direct Deductions from Defaulters Bank Accounts
Federal Inland Revenue Service (FIRS) on Wednesday said it would begin direct deductions from tax defaulters’ bank accounts and other assets. The FIRS stated this in widely publicised notices signed…
- 8 Oct 2020
Ex-MD of Alpha-Beta Alleges Fraud, Tax Evasion as Court Summons Tinubu
Oladapo Apara, former managing director of Alpha-Beta Consulting, has filed lawsuit alleging that the company has been diverting billions of naira from the coffers of the Lagos state government since…
- 6 Aug 2024
Trial of Echefu, TStv MD, ED for Tax Evasion, Money Laundering Begins November 26
Justice Inyang Edem Ekwo of the Federal High Court, Abuja, has fixed November 26 for the trial of Dr. Bright Ikechukwu Echefu and Dr. Felix Nnamdi Ignoanuga, said to be executives of the Telecom…
- 21 Jan 2016
MTN, Another Firm Fined $160m for Tax Evasion
The local units of mobile telecom companies, MTN and Orange in Cameroon, have been fined over $160 million for failing to pay taxes on games and gambling services, the Central African nation's…
- 4 Apr 2019
FIRS Targets Millionaires in Massive Tax Evasion Sting
Mr Tunde Fowler, executive chairman, Federal Inland Revenue Service (FIRS) has said that the agency is targeting to generate about N750bn from about 55,000 millionaire tax debtors. Fowler,…
- 14 Jun 2017
Angry Reps Summon Telcos over Mass Sack, Tax Evasion
The House of Representatives has summoned the management of MTN, Glo, Airtel, Etisalat and Intels to appear on Wednesday (today) over the massive job losses in the telecoms sector. Daily Post…
- Financial14 Sept 2026
Africa Tax Authorities Strengthen Cooperation to Tackle Illicit Financial Flows
The African Union Commission and the African Tax Administration Forum have moved to strengthen cooperation among tax authorities across the continent to tackle illicit financial flows, cross-border tax evasion and aggressive tax practices.
- 7 Mar 2024
Reps Mull Tax Crimes Commission to Curb Revenue Leakages
The House of Representatives on Wednesday passed for second reading a bill seeking to establish a National Tax Crimes and Oversight Commission to tackle revenue leakages in the country. Titled “A…
- 27 Apr 2017
Africa Loses Over $50bn Yearly to Illicit Financial Flows – Adeosun
Mrs Kemi Adeosun, minister of Finance, has said that Africa loses over $50bn yearly to illicit financial flows through money laundering, corruption and tax evasion. Adeosun said this at the…
- 3 Feb 2015
AU Report Says N6.87Tr is Stolen from Nigeria Yearly
A High Level Panel on Illicit Financial Flows from Africa adopted on Sunday by African Union (AU) Heads of State and Government at their summit in Addis Ababa, Ethiopia said about $40.9billion (about…
- 16 May 2024
Tax Conference: Sanwo-Olu, Zulum, Amosun, Other Experts Seek Transparent Tax System to Boost Internally Generated Revenues
Lagos State Governor, Mr. Babajide Sanwo-Olu, and his counterparts from Sokoto and Borno States have emphasised the need to make the country’s tax system more transparent and accountable to Nigerians…
- 7 May 2014
Mbeki Says Africa Loses 50Bn Yearly Illegal Outflow
Thabo Mbeki, former South African President, on Wednesday said the African continent lost about 50 billion dollars through illegal financial outflow of funds from the continent. Mbeki said this at a…
- 25 Mar 2024
Detained Binance Executive Reportedly Escapes from Custody, Flees Nigeria
Nadeem Anjarwalla, one of the executives from Binance detained in Nigeria on allegations of tax evasion and other offenses, has reportedly escaped from custody. Nadeem Anjarwalla, executives of…
- 22 Jan 2013
Reps Ask DMO to Refund N200m
Debt Management Office (DMO) has been accused of tax evasion and other financial recklessness and has been given 48-hour ultimatum to refund N200 million to the federal government. The accusation and…
- 23 Mar 2025
CITN Seeks AI to Curb Revenue Leakage in Nigeria’s Tax System
Following the loss of revenues and underreporting of taxes for the development of Nigeria, the Chartered Institute of Taxation of Nigeria (CITN) has introduced the use of artificial intelligence (AI)…
- 31 Oct 2023
LIRS Shuts Down 34 Companies over Tax Debt
Lagos State Internal Revenue Service (LIRS) has closed down 34 corporate organizations for failing to remit Personal Income Taxes of their employees and for non-remittance of Consumption Taxes by…
- 1 Apr 2026
Nigeria, Others Lose $88bn Yearly to Illicit Flows —Edun
Wale Edun, minister of Finance and Coordinating Minister of the Economy, has raised concern over Africa’s mounting revenue losses, warning that the continent forfeits an estimated $88 billion…