January 29, 2020

EFCC investigates Baba Ijebu over tax fraud allegation

The Economic and Financial Crimes Commission (EFCC) is reportedly investigating Adebutu Kessington aka Baba Ijebu Over tax fraud. One of Adebutu’s sons including an official of Premier Lotto have been detained at the Lagos office of the EFCC following a petitioned filed by Western Lotto. The EFCC blamed Premier Lotto for shortchanging Nigerians as they revealed that […]

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Deloitte 2020 Economic Dialogue: Ahmed, Amaechi, Sanwoolu Discuss Finance Act And Infrastructure

Finance, Budget and National Planning Minister  Mrs.  Zainab Ahmed, the Minister of Transportation Rt. Hon Rotimi Amaechi and Lagos State Governor Mr. Babajide Sanwo-olu discussed Nigeria’s Finance Act 2019, Infrastructural Development through Rail, Sub-National developments and the nation’s quest to achieve inclusive economic growth at the 2020 Deloitte Nigerian Economic Dialogue in Lagos. In his

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How ICPC ‘lied’ – Pinnacle fires back at commission

Pinnacle Communications has described the allegation of task invasion made against it by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) as misleading, untrue and aimed at hurting its impeccable image ICPC had threatened legal action against 44 property owners including two buildings in Abuja belonging to Pinnacle Communications Ltd, citing indebtedness to

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British carbon tax leads to 93% drop in coal-fired electricity

A tax on carbon dioxide emissions in Great Britain, introduced in 2013, has led to the proportion of electricity generated from coal falling from 40% to 3% over six years, according to research led by UCL.British electricity generated from coal fell from 13.1 TWh (terawatt hours) in 2013 to 0.97 TWh in September 2019, and was

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Trump Touts Gains In Jobs, Some Democrats Push For Economic Overhaul

Republican Donald Trump is touting tax cuts and economic gains during his presidency as a reason why he should get re-elected in November. Democrats seeking to challenge him to say Trump’s economy has benefited the rich while leaving behind the working class. Their proposals range from a sweeping pledge of universal healthcare to comparatively modest

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Abuja: 44 home homeowners beneath FIRS tax evasion probe – ICPC

The Impartial Corrupt Procedures and Other Associated Offences Commission (ICPC) has threatened legal action in opposition to 44 house house owners including two buildings in Abuja belonging to Pinnacle Communications Ltd. In a letter to the Management of Pinnacle Communications, ICPC also dismissed allegations by the digital telecommunication corporation that its operatives illegally invaded their

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Senate Says 7.5% VAT Increase Won’t Affect Purchasing Power

The Senate has said the recently increased Value Added Tax (VAT) won’t affect the purchasing power of an average Nigerian. The Senate President, Ahmad Lawan, stated while speaking on the measures being taken by President Buhari to reduce pressure of the new Finance Law on an average Nigerian. Lawan explained that the new 2.5 percent

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