Audit report highlights N5 billion suspicious transactions in Nigerian Law School’s financial books

Wakanda News Details

Audit report highlights N5 billion suspicious transactions in Nigerian Law School’s financial books

The 2019 audit report raises issues of misapplication, diversion, misappropriation of public funds, non-remittance of taxes, and payment of contractors without supporting documents...

The post Audit report highlights N5 billion suspicious transactions in Nigerian Law School’s financial books appeared first on Premium Times Nigeria.

Source: Premium Times - Nigeria leading newspaper for news, investigations

You may also like

A Conversation With Miller & Chevaliers Loren Ponds

Loren Ponds Courtesy of Loren Ponds Shortly afterLoren Pondscompleted her LLM in tax atGeorgetown College, she packed up her condominium in Washington and moved to Germany to analysis worldwide tax…

fave

Source: The Black Chronicle

House committee bats for workers who missed deadline for COVID grants

Chairman of the Public Administration and Appropriations Committee (PAAC) Dr Wykeham McNeill indicated Wednesday that the committee intends to push for an appeals process for workers who have missed out on the supporting employees with transfer (SET) cash grant offered by the Government under its

fave

Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com

Working from home - carefully consider any claim for home office expense

SARS advised individual taxpayers to carefully consider any claim for home office expenses before filing their income tax returns.

fave

Source: South African News | Online News | The South African

Egypt: Maait to MSMEs - Simplified Tax Based On Volume of Business

[Egypt Online] Finance Minister Mohammed Maait on Monday said the law of Micro, Small & Medium Enterprises (MSMEs) development entails several tax incentives like the simplified tax system, which is based on the volume of sales or business.

fave

Source: allAfrica.com

Godongwana faces policy tightrope with medium-term budget this week | Fin24

Finance Minister Enoch Godongwana faces the challenge of presenting a clear strategy to revive South Africa’s torpid economy and return public finances to a sustainable path when he presents his first medium-term budget on Thursday.

fave

Source: https://www.news24.com

Kenya: How Multinationals Exploit Gaps in Treaties to Avoid Tax

[Nation] Kenya has been losing millions of money in taxes avoided by multinationals, due to engaging in ambiguous tax treaties that have seen otherwise taxable services offered freely and companies re-route funds to tax havens.

fave

Source: allAfrica.com

Here are options and proposals that would fund California schools - Black Voice News

In summary The governor’s proposal to temporarily raise funds from some businesses would generate $4.4 billion, but it remains woefully inadequate. More can be done. By Ron Hayduk and Ron Hayduk is a professor at San Francisco State University, whose research focuses on civic engagement and

fave

Source: Black Voice News | The Voice of the Black Community in California

#BTColumn – How the global minimum corporate tax will impact - Barbados Today

Disclaimer: The views and opinions expressed by this author are their own and do not represent the official position of the Barbados Today Inc. by Alicia Nicholls and Tammi C. Pilgrim Finance ministers of the world’s seven richest democracies (the Group of 7 or G7) have committed to an “at least

fave

Source: Barbados Today - News You Can Trust.

Biden tax plan hurts competitiveness of U.S. multinational firms - L.A. Focus News

President Biden has proposed very large tax increases to finance a bigger burden of government spending. Many of those tax increases will be imposed on corporations, and this will be bad news for the workers, consumers, and shareholders (i.e., the ones who actually foot the bill when politicians

fave

Source: Home - L.A. Focus News-0

Seattle City Council Approves New Tax On Big Business - The Seattle Medium

The Seattle City Council on Monday approved adopting a new tax on large businesses, two years after the council repealed a big business tax amid pressure from corporations such as Amazon and the prospect of a voter

fave

Source: https://seattlemedium.com

Clarke pledges tax write-off reform

The Holness administration is to “immediately improve” the tax write-off system to make it more transparent following a Sunday Gleaner report involving $4 billion wiped away since 2018, Finance and Public Service Minister Dr Nigel Clarke has said...

fave

Source: Jamaica Gleaner

Statewide eviction moratorium extended through August; Pittsburgh’s revenue takes hit from pandemic | New Pittsburgh Courier

Continuing the county’s triple-digit case streak Wednesday, the Allegheny County Health Department [ACHD] announced 158 new COVID-19 infections and 12 new hospitalizations. No new deaths were announced. Thursday’s announcement brings the total case count to 4,367 infections, 196 deaths and 443 past

fave

Source: New Pittsburgh Courier - Powered by Real Times Media

Imbert: Government listening to the people - Trinidad and Tobago Newsday

If there is one thing that Finance Minister Colm Imbert wants the country to take away from the 2021-2022 budget read on Monday, it is that Government is listening to the people and trying to address everyone’s needs. Speaking at the Trinidad and Tobago Manufacturers Association’s (TTMA) post-

fave

Source: Home - Trinidad and Tobago Newsday

Gopee-Scoon: $78m spent on luxury foods in three years - Trinidad and Tobago Newsday

TRADE and Industry Minister Paula Gopee-Scoon has said Trinidad and Tobago spent approximately $78 million a year over the last three years on the importation of luxury food items. She was responding to a question in the Senate on Tuesday. Gopee-Scoon recalled that Finance Minister Colm Imbert

fave

Source: Home - Trinidad and Tobago Newsday

Africa: Will the New Fiscal Crises Improve International Tax Cooperation?

[IPS] Sydney and Kuala Lumpur -- COVID-19 recessions have hit most countries, requiring massive fiscal responses. While most developing countries struggled with mounting debt even before the pandemic, many developed countries also face unprecedented macroeconomic pressures despite earlier spending

fave

Source: allAfrica.com

Kenya: Key Highlights of the 2021/22 Budget Allocations

[Nation] Government Expenditure and Net Lending - Sh3.03 trillion

fave

Source: allAfrica.com

Mapeto officials granted bail in K10.8 billon tax evasion case | Malawi 24 - Malawi news

Five Mapeto David Whitehead & Sons officials who are accused of tax evasion have been granted bail. Senior Resident Magistrate Akya Mwanyongo has released the suspects on bail on conditions that each pays a bail bond of K10 million each and provide two reliable sureties of blood relatives based in

fave

Source: Malawi 24 | Malawi news

Freetown City Council starved of much needed funds to deliver public services

Alan Luke: Sierra Leone Telegraph: 5 September 2020: Why is the Ministry of Local Government holding up the tax reform proposals - and by implication local taxes which are due for the Freetown City Council (FCC), thus preventing the council from collecting the revenue it urgently needs to deliver

fave

Source: SIERRA LEONE TELEGRAPH – Sierra Leone News

Does the U.S. tax system favor the rich on purpose?

Among Americans in the nation’s poorest 50%, just 7% of income goes unreported. In the top 1%, it’s nearly 20%. What’s going on here? Source

fave

Source: MN Spokesman Recorder

Australia’s Victoria Mental Health Tax Slammed By Business – The Wilmington Journal

MELBOURNE, Australia — Lobby groups have slammed the Victorian government’s plan to tax Australian businesses to help pay for an overhaul of the state’s mental health system. The Mental Health and Wellbeing Levy, unveiled by Treasurer [...]

fave

Source: The Wilmington Journal

Nigeria: VAT - Controversy Thickens As FIRS Denies Lobbying Lawmakers to Amend Construction

[Premium Times] The FIRS locks its horns with the Rivers State Government over which should collect VAT.

fave

Source: allAfrica.com

Aww Damn: Black Billionaire Who Promised To Pay Tuition Debt of Morehouse Students Admits To Tax Fraud

According to the Department of Justice, Smith used third party accounts to conceal his income and commit tax evasion from 2000 to 2015. The DOJ stated that Smith, who is the CEO of Vista Equity Partners, intentionally did not report over $200 million of partnership income.

fave

Source: Black America Web

WORLD: Nations agree to 15% minimum corporate tax rate - Barbados Today

SOURCE: BBC - Most of the world's nations have signed up to a historic deal to ensure big companies pay a fairer share of tax. Some 136 countries agreed to enforce a corporate tax rate of at least 15%, as well a fairer system of taxing profits where they are earned. It follows concern that

fave

Source: Barbados Today - News You Can Trust.

MP Jiya takes on tax defaulting politicians and companies

Lilongwe City Centre parliamentarian Alfred Jiya took advantage of his contribution to the 2021/22 National Budget to accuse fellow politicians and other players in the private sector of frustrating government efforts in revenue collection. Jiya said tax defaulters are robbing the government of the

fave

Source: Malawi Nyasa Times - News from Malawi about Malawi

MPs challenged to rise above petty partisan politics to debate punitive taxes

The Centre for Democracy and Economic Development Initiatives (CDEDI) has challenged members of Parliament (MPs) to rise above petty party politics and introduce motions, including healthy debates, that should result into the scrapping off of the 16.5 percent value added tax (VAT) on essential

fave

Source: Malawi Nyasa Times - News from Malawi about Malawi

Will Californians pass new taxes?

(CALMATTERS) – As Gov. Gavin Newsom and the Legislature continue to negotiate a budget, some cities are floating new taxes to stave off cuts to public programs, while state tax hikes on the November ballot are taking on a new meaning in light of California’s projected $54 billion

fave

Source: The Sacramento Observer

LETTERS: Chicken meat imports hurting local sector

PHOTO | CHARLES WANYORO | NMG

fave

Source: Business Daily

Uganda: Suspension of Oil-Related Activities Cost Govt Shs21.2b

[Monitor] Suspension and scale down of oil related activities in the 2019/20 financial year cost government Shs21.25b in taxable revenue, according to Accountant General Lawrence Semakula.

fave

Source: allAfrica.com

Trinidad PM blasts ‘disrespectful’ T&T Chamber CEO

(Trinidad Guardian) Prime Minister Dr Keith Rowley yesterday launched a scathing attack on T&T Chamber of Industry and Commerce CEO Gabriel Faria, saying he had a “disrespectful mouth” and an “acid

fave

Source: Stabroek News - Guyana's Most Trusted Newspaper

Chastanet Says Hilaire Land Rover Case Raises More Questions

Press Release:- The alleged withdrawal of the Customs & Excise case against former Saint Lucia High Commissioner Ernest Hilaire has raised even more questions than provided answers as to whether Hilaire used our nation’s UK office to evade taxes on a Land Rover Sport in 2015. Upon arrival in Saint

fave

Source: St. Lucia Times News Online - Breaking News & Daily News

More from Premium Times - Nigeria leading newspaper for news, investigations

Kano APC crisis: Court reaffirms sack of exco loyal to Ganduje

COVID-19: Lagos drives surge as Nigeria registers 1,584 new infections

COVID-19: WHO approves new vaccine for emergency use

CCT can’t justify N400 million paid to contractors – Audit Report

Audit report knocks FIRS over questionable payments, other irregularities

50 haiku for Musikilu Mojeed, By Oladeinde Olawoyin

Police arrest suspected drug dealer, 11 others in Jigawa

Nasarawa State govt. bans use of charcoal

Customs intercepts container suspected to be loaded with arms at port complex

Nigerian women and politics: Beyond reverse discrimination, By Bolutife Oluwadele

AISOP policy is regimentation, should be revisited for economic growth – Jiti Ogunye

Evans: Prosecution closes case in alleged billionaire kidnapper's trial

Miss Nigeria 2021: How 18-year-old hijab-wearing model emerged winner

No death, injury in Lagos sawmill fire – Official

Attahiru Jega and Jibrin Ibrahim: Meditations on power politics, By Toyin Falola

Nigerian weightlifters return home with nine medals

Fani-Kayode's ex-wife accuses him of flouting court order granting her access to their children

Soldiers tortured my son to death, says police officer

Emir of Daura turbans Buhari’s son, Yusuf, as district head

Boko Haram: Buhari seeks support at Turkey-Africa Summit

IPI: Buhari congratulates Premium Times E-I-C, Daily Trust GM on election

How I was kidnapped, tortured by Evans – Businessman

Agric ministry expresses 'regrets' after failing to account for N48 billion

CBN endorses appointment of Abdullahi as new FBN Holdings chairman

EXCLUSIVE: Why Remi Babalola resigned as chairman of FBN Holdings

Nembe Spill: Investigation stalled as Aiteo allegedly 'bars' Bayelsa committee over media inclusion

EPL: Martinelli scores twice as Arsenal crush Leeds United

Fuel Subsidy Removal: NLC plans national protest Feb 1

Gov Uzodinma presents N381 billion 2022 budget to Imo Assembly

Nigerian stocks rebound with N51 billion gain

Naira stable at official market

Makoko Killing: Group accuses Lagos govt of cover-up in prosecution of alleged killer cop

Innovation, entrepreneurship, and synergy in the digital economy, By Inyene Ibanga

Premium Times editor-in-chief emerges IPI Nigeria president

Customs Recruitment: Four persons to be employed from each of 774 LGAs - Reps

Insecurity: 32 persons killed by non-state actors across Nigeria last week

Africa, Omicron and the ideology of the goat, By Owei Lakemfa

Haiti: A black nation’s struggle in the Americas, By Osmund Agbo

MDAs hide identities of individuals who received over N15 billion in govt transactions

Despite challenges, Buhari 'steering Nigeria with uncommon dignity' - Tinubu

Customs grants suspicious N79 billion import waivers, snubs auditor-general

London-based Chimera invests $50 million in Airtel Money

I’ll return to farm after my tenure – Buhari

Remi Babalola resigns from FBN Holdings as chairman

COVID-19: Nigeria records 828 new cases Saturday

INTERVIEW: How electoral defeats to Shagari affected Awo – Folu Olamiti

NPFL: Akwa United begin title defence against Kano Pillars

Another Fayemi appointee resigns to contest for Ekiti governorship

Lagos community laments lack of potable water, infrastructure

Nigeria to commence health insurance for senior citizens, retirees – Official

Politics Facts

Literature Facts

Education Facts

Blackfacts BETA RELEASE 11.5.3
(Production Environment)