Browsing Tag

tax evasion

Atletico Star, Diego Costa Served Jail Time, Fine For Tax Evasion Fraud

Adebusola Oyerinde Jun 6, 2020 0

Former Chelsea point-man Diego Costa has been sentenced to six months in prison for tax fraud in Spain – but the Atletico Madrid striker will pay €36,000 fine to avoid any jail time.Spanish outlet El Mundo report the Brazilian forward…

Government

LIRS Shuts 9 Companies over N21.59m Tax Evasion

Lilian Okoro Dec 6, 2019 0

The Lagos State Internal Revenue Service (LIRS) in its enforcement activities, has shut nine companies and hospitality firms over alleged failure to remit N21.59 million consumption taxes to the state government.The Director, Legal…

Scandal

Osinbajo’s company linked to N100bn tax fraud, money laundering case

Samuel Oduoye Jul 13, 2019 0

Simmons Coopers Partners, a company in which Vice-President Yemi Osinbajo has a stake, has been accused of using another firm, Ocean Trust Limited to launder money and evade tax up to N100 bn.Documents obtained by ThePunch from the…

Government

BREAKING: Tribunal annuls Election of Senate Whip Orji Uzor Kalu

Kalu Jul 4, 2019 0

National and State House of Assembly Elections petition Tribunal has annulled the election victory of Senate Whip, Uzor Kalu. Uzor Kalu was representing the Abia North constituency of the state at the National Assembly, until the annulment.…

News

Tax evasion: Court renews Okocha’s arrest warrant

Chinyere Omeire May 28, 2019 0

A Lagos State Prosecutor, Mrs Y. A. Pitan, has told an Igbosere High Court in Lagos, that former Super Eagles captain, Austin Okocha, has not liquidated the alleged tax debt he owed the state.Pitan told Justice Adebayo Akintoye on…

News

Tax evasion: Nigerians speak on court’s arrest warrant for Okocha

John Ogunsemore Apr 16, 2019 0

An Igbosere High Court in Lagos on Monday renewed a bench warrant for the arrest of a former Super Eagles captain, Augustine Okocha, over alleged tax evasion.Justice Adedayo Akintoye extended the warrant, earlier issued on Jan. 29,…

Law

Court orders arrest of ex-Super Eagles star, Okocha over tax evasion

Samuel Oduoye Apr 16, 2019 0

Justice Adedayo Akintoye of the Lagos State High Court in Igbosere has renewed her order for the arrest of ex-Super Eagles’ captain, Austin Okocha.In her ruling on Monday, the judge made the arrest order in favour of the Lagos State…

Sports

Mourinho Handed Jail Sentence Over Tax Evasion Case

Femi Famutimi Sep 5, 2018 0

Manchester United manager Jose Mourinho has been handed a suspended one-year prison sentence over tax evasion claimsThe Portuguese manager was accused of defrauding the Spanish Tax Office of €3.3million (£2.9m) between 2011 and 2012…

Sports

Cristiano Ronaldo fined €3.2m in tax evasion case

News Agency of Nigeria Jul 27, 2018 0

Cristiano Ronaldo will be fined 3.2 million Euros (3.7 million dollars) and sentenced to 24 months in prison, a sentence he is unlikely to serve, after settling a tax evasion case with Spanish tax authorities, the prosecutor said on Friday.…

News

Tax Evasion: Customers Groan As 3 Banks Remain Sealed In Benue

Emmanuel Antswen Apr 23, 2018 0

Customers of Access Bank, UBA and Ecobank in Benue have continued to groan following the seal up of their premises by the Board of Internal Revenue Service (BIRS), over alleged tax default.The News Agency of Nigeria (NAN) reports that…

News

Tax: Why Lekki, Maitama, Banana Island Building Owners Need To Worry

John Ogunsemore Mar 6, 2018 0

The Federal Government has beamed its searchlight on building owners in highbrow areas of the country as the tax amnesty under the Voluntary Assets and Income Declaration Scheme (VAIDS) gradually draws to a close.The nine-month grace…

Sports

Alexis Sanchez Gets 16-Month Jail Sentence For Tax Fraud

John Ogunsemore Feb 7, 2018 0

Chilean forward, Alexis Sanchez has been handed a 16-month suspended sentence for tax fraud.The player, who now plies his trade with Manchester United, accepted the deal offered by Spanish authorities to avoid trial in connection to tax…

News

Osun govt. seals dangote quarry over N1.5bn tax

News Agency of Nigeria Nov 17, 2017 0

The Osun State Government on Thursday sealed off a quarry reportedly belonging to Dangote Group over alleged tax evasion.The Special Adviser to Gov. Rauf Aregbesola on Tax and Revenue Matters, Mr Gbenga Akano, who led other officials of…

Entertainment

Rapper DMX Arrested For Tax Evasion Charges

Tosin Jul 14, 2017 0

Rapper DMX turned himself in to authorities on federal charges of tax fraud on Thursday, according to New York city prosecutors.The recording artist, whose given name is Earl Simmons, allegedly engaged in a multi-year scheme to hide…

Metro

Nigerian Celebrities, High Income Earners To Face Jail Term Over Tax Evasion

Owolabi Oluwasegun Jul 3, 2017 0

The Nigerian government is set to jail Nigerian celebrities for as much as five years should they be caught evading tax.The federal government made this known following the launch of Voluntary Asset and Income Declaration Scheme, VAIDS…

Government

Osinbajo Signs Executive Bill on Tax Evasion

Emma Jun 29, 2017 1

Nigeria's Acting President, Yemi Osinabajo, has, Thursday, signed an executive bill seeking to back the implementation of the Voluntary Assets and Income Declaration Scheme (VAIDS).The Acting President signed the bills,…

Sports

Spanish Authorities Revert Lionel Messi’s Jail Term to €255,000 Fine

Emma Jun 23, 2017 1

Barcelona forward, Lionel Messi, will now pay a fine of €255,000 for defrauding tax authorities in Spain.The Argentine was earlier sentenced to 21 months jail term for defrauding Spain of €4.1 million relating to earnings…

Sports

Cristiano Ronaldo In Tax Evasion Scandal

Owolabi Oluwasegun Jun 13, 2017

Considered to be one of the best footballers in history, Cristiano Ronaldo who recently lifted the UEFA Champions League trophy with his team, Real Madrid FC, has been accused of tax evasion.The accusation comes after Barcelona player…

Sports

Spain’s Supreme Court Confirms Messi’s 21-Month Jail Sentence

Jide May 24, 2017

Spain’s Supreme Court on Wednesday confirmed a 21-month jail sentence and 2.09-million-euro ($2.25 million) fine imposed on Barcelona superstar, Lionel Messi for tax fraud, months after lodging an appeal.The Argentina international and…

World

Google settles Italy tax evasion case, will pay 306 million euros

Uju May 4, 2017

Google has agreed to pay a near-record fine of over 306 million Euros (334 million dollars) to settle a tax controversy in Italy, officials said on Thursday.“The settlement with Google’s Italian and Irish subsidiaries covers the 2002 to…

Metro

Senator Akume In Trouble With FIRS Over N13.5million Debt

Owolabi Oluwasegun Aug 19, 2016 0

The Federal Inland Revenue Service, FIRS, has on Thursday sealed off one of Senator George Akume's properties over unpaid taxes.The Property, an hotel, located at 24 Atiku Abubakar Way, Makurdi was sealed off by the FIRS officials led…

Sports

Messi unlikely to serve time, in spite of 21-month jail sentence

Femi Famutimi Jul 6, 2016 0

FC Barcelona’s Argentine football star Lionel Messi is unlikely to serve time, even though he was sentenced on Wednesday to 21 months in prison by a court in Spain.The News Agency of Nigeria (NAN) reports that Messi was also fined two…

Sports

Breaking News: Lionel Messi slammed with 21 Month Jail Term- Reports

Femi Famutimi Jul 6, 2016 0

Barcelona and Argentina football wizard Lionel Messi has been slammed with a 21-month jail term for tax evasion.According to the BBC and Spanish media outlets, Messi along with his father Jorge Messi was sentenced to a jail term for…

Metro

Tax Evasion Scandal: Linda Ikeji Denies Alleged N75million Tax Bill

Owolabi Oluwasegun Jun 23, 2016 1

Earlier today, an independent online news source, The Capital reported that Celebrity Blogger, Linda Ikeji has been slammed with a N75 million tax evasion bill by the Federal Inland Revenue Service, FIRS.The news source further reported…

Metro

Linda Ikeji Allegedly Involved in N75million Tax Evasion Scandal

Owolabi Oluwasegun Jun 23, 2016 0

Popular Nigerian blogger, Linda Ikeji has reportedly been slammed with a N75 million tax bill by the Federal Inland Revenue Service, FIRS.According to an independent online news agency, The Capital, the blogger is however unwilling to…

Business

Panama Papers Leak: Not only Ibori, but Saraki, Lionel Messi also Implicated among others

Femi Famutimi Apr 5, 2016 0

The Panama Papers leak was a huge deal yesterday and it came as a great shock when Nigeria's own James Ibori was implicated in the scandal with Mossack Fonseca, the law firm and offshore provider responsible for the leak.It has now been…

Government

Lagos State Govt Begins Tax Enforcement, Prosecution Of Defaulters On April 1

John Ogunsemore Mar 30, 2016 0

The Lagos State Internal Revenue Service (LIRS) on Wednesday in Lagos said it would begin the prosecution of tax evaders and offenders from April 1.This is contained in a statement signed by the Executive Chairman of LIRS, Mr Olufolarin…

Sports

Neymar Off The Hook As Judge Throws Out Tax Evasion Case

Jide Feb 5, 2016 0

Brazilian judge threw out a tax evasion case against Barcelona forward Neymar on Thursday because Brazil's Inland Revenue has yet to finish its own deliberations in the case.The Brazil international, his father and two ex-presidents of…

Sports

Mascherano Pleads Guilty To Tax Evasion

Jide Oct 30, 2015 0

Barcelona defender Javier Mascherano has reportedly pleaded guilty to a charge of tax evasion after appearing in court on Thursday.Reports have it that he was accused of using tax havens to funnel money from image rights and defrauding…

Opinion

Tax Evasion and Revenue Generation; a Case for the Nation of Nigeria – Maxwell Adeyemi Adeleye

Maxwell Adeleye Jul 13, 2015 0

Unarguably, ever since crude oil was discovered in Nigeria on 15 January 1956, the country has never remained the same. The nation of Nigeria has strategically abandoned other sources of income where the nation could rake-in trillions of…

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