There seems to be no end to the muscle-flexing between the legislature and executive on the 2013 budget as the House of Representatives, yesterday moved to enforce its zero budget resolution on the Securities and Exchange Commission (SEC). In what could be described as a foreclosure of President Goodluck Jonathan’s […]
Tag: Nigeria
House Probes Access Bank on Alleged Tax Evasion
The House of Representatives Committee on Finance Thursday said it had commenced preliminary investigations into the accounts of Access Bank Plc following allegations of tax evasion. Chairman, House Committee on Finance, Hon. Abdulmumin Jibrin (PDP/Kano) who disclosed this in a chat with newsmen said the investigation was part of the […]
CBN to phase out COT By 2016
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has planned to phase out Commission on Turnover (COT) by year 2016 according to a Revised Guide to Bank Charges. This is contained in a circular with reference number: “FPR/DIR/GEN/CIR/03/002, dated March 27, 2013, and signed by I.T Nwaoha […]
