FIRS Archives - Parliament Reports

FIRS defies NASS, risks dual arrest threats from Senate and House

Sharon EboesomiFebruary 5, 20254 min

The FIRS having repeatedly ignored invitations, now faces the threat of arrest warrants from both chambers of the National Assembly. In a bold move to enforce accountability, the Senate, through its Public Accounts Committee (SPAC), has issued a final warning to top government officials who have repeatedly ignored invitations to clarify audit queries. The committee is now considering issuing warrants of arrest against the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji; the...

National Assembly Politics

NASS tasks tax agency to raise N25 trillion in 2025

Sharon EboesomiJanuary 18, 20253 min

The National Assembly has praised FIRS for surpassing its 2024 revenue target, hitting N21.6 trillion, and set an ambitious N25 trillion target for 2025 The National Assembly has commended the Federal Inland Revenue Service (FIRS) for surpassing its 2024 revenue target. This happened on Wednesday during the budget defence of the FIRS led by its Executive Chairman, Zacch Adedeji, who stressed how the agency had surpassed its revenue collection target of N19.4 trillion to N21.6...

House of Representatives

Tax fears, petrol price hike, and summons on works minister | HOUSE GIST TODAY

Leah TwakiOctober 17, 20245 min

In the last House session, tax authorities allay fears on President Tinubu’s tax bills as reps demand reversal of hikes in petrol and cooking gas prices while works minister is summoned FIRS says no new taxes will be introduced Zacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS), has assured Nigerians that the ongoing President Bola Tinubu tax reform will reduce taxes, not introduce new ones or raise existing tax rates. He clarified...

Senate

Senate warns NNPCL, FIRS, Police, others for ignoring audit queries

Leah TwakiAugust 13, 20243 min

Heads of NNPCL, FIRS, Police and 12 others agencies have been warned by the senate over refusal to respond to queries raised against them in the 2019 audit report The Senate, through its Public Accounts Committee (PAC), has expressed strong disapproval of the incessant refusal several government agencies, including the Nigerian National Petroleum Company Limited (NNPCL), the Federal Inland Revenue Service (FIRS), and the Nigeria Police Force, to respond to audit queries. The committee’s chairman,...

Senate

Senate dumps FIRS on Tax Credit controversy

Sharon EboesomiFebruary 23, 20243 min

Senator Sani Musa noted that a fresh implementation of the policy outside the N2.7 trillion should be halted for now. The Senate through its committee on Finance, dumped the stay-of-action position proposed to it by the Federal Inland Revenue Service (FIRS) on the N2.7 trillion Tax Credit Fund required for specific road construction by the Federal Ministry of Works. In an interaction with the Committee the previous week, Zacch Adedeji, the Chairman of FIRS, blasted...

Senate

Senate kicks against N17 trillion loss on tax waivers

Sharon EboesomiFebruary 19, 20245 min

The Chairman of the FIRS, Zacch Adedeji insisted on the stoppage of N2.7 trillion fresh tax credit assuring that he will cut the number of taxes from 62 to 8. The Senate has expressed disapproval over the 17 trillion loss incurred on tax waivers within the last five years. As a result, it recommended that the Federal Inland Revenue Service (FIRS) suspend the heavily exploited tax waiver programme and replace it with a rebating system....

Senate

FIRS boss condemns Tax Credit policy on Road Construction

Sharon EboesomiFebruary 15, 20244 min

The Nigerian National Petroleum Company Limited (NNPCL) cleared the air on a $3.3billion loan secured for CBN The Chairman of the Federal Inland Revenue Service (FIRS), Zacheus Adedeji has condemned a three-year-old N2.59 trillion Tax Credit Scheme, which was implemented for nationwide road construction by the administration of former President Muhammadu Buhari. This is in response to the Nigerian National Petroleum Company Limited (NNPCL), one of the key Tax Credit Scheme executors, clearing the air...