TUESDAY 12TH JANUARY 2021

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FIRS: Nigeria Lost N5.4tn to Tax Evasion by Multinationals Floats new audit units to stem leakages James

Emejo

in

Abuja

The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, yesterday said the country lost

over $178 billion (about N5.4 trillion) through tax evasion by multinationals doing business in the country between 2007 and 2017. Nami, at a workshop on

effective audit of multinational corporations for domestic revenue mobilisation in Nigeria, which was organised by the service in partnership with the Tax Justice Network,

also said the service has created 35 additional tax audit units over the last one year to stem illicit financial outflows as well as improve tax compliance rate among

corporations. He said many "rich multinational corporations do not pay the right taxes due from them, let alone pay their taxes voluntarily.”

He, however, stated that some of the companies were “leading in tax compliance in various sectors." Continued on page 8

Dangote Cement Buys Back N9.8bn Worth of Shares... Page 6 Tuesday 12 January, 2021 Vol 26. No 9410. Price: N250

www.thisdaylive.com TR

TODAY'S WEATHER

ABUJA 25°C-33°C

MAIDUGURI 31°C-31°C

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& RE A S O

ENUGU 25°C-28°C

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KANO 27°C-33°C

LAGOS 24C-27°C

PORT HARCOURT 20°C-30°C

Arrest Suspected Plotters of Religious Violence, ACF, Afenifere, CAN, Tell DSS Secret police allege plot to incite crisis in Kano, Rivers, Lagos, others PANDEF cautions against unnecessary alarm Deji Elumoye, Kingsley Nwezeh, Olawale Ajimotokan, Onyebuchi Ezigbo in Abuja and John Shiklam in Kaduna The Arewa Consultative Forum (ACF), Afenifere and the Christian Association of Nigeria (CAN) have urged the Department of State Services (DSS) to go after those it alleged were plotting

to incite religious violence in some states. The Nigerian Supreme Council for Islamic Affairs (NSCIA) also condemned the alleged plot, stressing that it has always been in the forefront of the advocacy for peaceful coexistence among Nigerians, especially Christians and Muslims. Continued on page 10

FG to Review January 18 School Resumption Date Holds talks with govs on curfew hours Olawale Ajimotokan and Onyebuchi Ezigbo in Abuja The federal government has said it will review the January 18 date earlier fixed for resumption of schools. It has also begun talks with state governors on the review of curfew hours in different parts of the country

as a curb to nightly activities and entertainment, which are considered to be driving the surge in COVID-19 cases across the country. This is coming as the Nigeria Centre for Disease Control (NCDC) has cautioned Nigerians against allowing Continued on page 8

CELEBRATING BRILLIANCE... L-R: Governor of Bayelsa State, Senator Douye Diri and a First Class Law graduate, Miss Ebizi Blessing Eradiri, when the governor hosted her, in Yenagoa... yesterday

Buhari, Atiku, Ngige, PDP Charge New Ohanaeze President, Obiozor, to Foster Unity...Page 5


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