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FCT-IRS generates N126.54bn in six months

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By Francesca Hangeior.

 

The Federal Capital Internal Revenue Service (FCT-IRS), has collected and remitted N126.54 billion from January to June 2024, it was learnt on Monday, July 29.

Acting Executive Chairman, Haruna Abdullahi, disclosed this during the FCT-IRS mid-year briefing in Abuja.

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The executive chairman was represented at the event the Director Tax Operations, Mrs Chioma Anohu-Ndu.

He said the figure was 53.5 per cent higher that the N82.46 billion collected in the first half of 2023.

He added that the N126.54 billion was 119.7 per cent higher than the N57.59 billion collected in the half year of 2022.

This, according to him, is an indication of a year-on-year growth.

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“This stellar growth highlights our commitment and determination to overcome obstacles while striving to boost revenue generation.”

Abdullahi pointed out that the FCT-IRS achieved these impressive results within six months in spite of economic challenges.

He attributed the successes to the service’s resolve to leverage technology and build one of the most functional e-service portals in the revenue sector.

“We also owe this accomplishment to the high compliance rate of taxpayers in the FCT.

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“We, therefore, urged everyone to continue choosing voluntary compliance over compulsion,” he said.

On enforcement, the executive chairman said that the revenue service has commenced an enforcement drive to tackle tax evasion and ensure the collection and accounting of all revenue accruable to the FCT.

He added that non-compliant businesses have been sealed, and appropriate legal actions taken to recover all tax liabilities and ensure timely payment of subsequent taxes.

Abdullahi said that FCT-IRS was investing in technological advancements for seamless revenue collection in the FCT.

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“We are currently optimising and upgrading our technology to improve tax compliance, reduce costs, and enhance efficiency.

“This will enable us to build a more resilient tax system that will enhance revenue generation while making the tax paying process seamless for our taxpayers,” he said.

He said that FCT-IRS plays a critical role in stabilising the economy during economic challenges by generating revenue for the government to fund essential public services.

“Key expectations include maximising tax collection to increase government revenue and ensuring efficient tax administration by streamlining tax processes, reducing bureaucracy, and combating tax evasion and fraud while educating and enlightening taxpayers.

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“The service is also committed to aligning with Federal Government tax policy reforms aimed at stimulating economic growth.

“The service is also dedicated to engaging with taxpayers, businesses, and other stakeholders to understand their challenges to continuously develop solutions that will enhance tax compliance and eliminate tax evasion,” he added.

He commended the Minister of the FCT, Mr Nyesom Wike for his exemplary leadership, support, and commitment to boosting revenue generation in the FCT.

The FCT-IRS boss said that the service was working tirelessly to surpass the N500 billion 2024 revenue target, by remaining focused and sustaining the momentum.

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“We encourage all taxpayers in the FCT to prioritise tax compliance, describing it as a crucial aspect of development and nation-building.

“By fulfilling your tax obligations, you contribute directly to the growth and prosperity of the FCT and the nation at large,” he said.

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10 countries where slavery still exists

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Despite the fact that slavery is illegal in most parts of the world, modern slavery is still a major trend in some countries due to various reasons like weak laws, corruption and even unwillingness of the security agencies to execute their jobs right.

These inhumane acts of modern slavery happen in various ways, such as forced labor, human trafficking, forced marriage, debt bondage and child slavery.

There has been a move to eradicate modern slavery by 2030 all over the world by the International Labour Organization.

These are 10 countries that slavery or modern slavery practices are still reported to be a significant issue according to ‘Global Slavery Index’:

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India

India is a country with diverse cultures unique to the indigenous people of India some of these cultures support forced marriages and often leads to the law turning a blind eye. India is the nation with the highest number of modern slaves in the world. These acts of slavery occur through forced marriages, bonded labour due to the high rate of poverty and also child trafficking.

China

China is known as an industrious country and the use of exploitative job opportunities for migrants is not scarce. China also has the issue of forced labour, woman and children trafficking for sexual exploitation.

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North Korea

North Korea has the highest percentage of enslaved people relative to it population with 2,696,000 slaves and approximately 26 million people as at 2024. North Korea practices compulsory military service, and state-imposed slave labour ranking third on the list.

Pakistan

Pakistan’s major issue is the outbreak of bonded labour. People are forced to pay off small loans through hard labour for a prolonged period of time. Poor families in Pakistan are often unable to pay back debts and this leads to women being forced into prostitution while children are used as domestic workers or beggars.

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Russia

The use of Asian migrants for forced labour is a major issue in Russia and this has resulted in the skyrocketing of forced labour in Russia. Migrants could sometimes lose their passports to Russian officials to prevent them from escaping.

Indonesia

Indonesia battles with a high rate of child labour. Farming and fishing are the two major areas that are of high demand for child and forced labour.

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Nigeria

Forced marriages is not uncommon in Nigeria, same applies to human trafficking and child labour. Women and children are trafficked out of the country to become sex workers.

Turkey

Turkey has the issue of child labour, sexual exploitation and even migrant worker exploitation. The nation is a hotspot for refugee migrants who could fall into the hands of predators looking to exploit them

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Bangladesh

The garment industry in Bangladesh is a major source of revenue and the rigorous nature of production entails workers and sometimes children toiling for hours in sweatshops

United States

The United States has a major issue with human trafficking, Migrant workers exploitation and even sex trafficking, migrants especially those without legal status, are often exploited in the agricultural and construction sectors.

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SAD! APC lawmaker dies while asleep

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The lawmaker representing Kaura Namoda South Constituency in the Zamfara State House of Assembly, Aminu Ibrahim Kasuwar-Daji, has died.

It was gathered that the lawmaker passed on in his sleep during the early hours of Wednesday.

Aminu Ibrahim Kasuwar-Daji’s sudden death came as a shock to many in the state, especially his colleagues and political associates.

The All Progressives Congress (APC) in Zamfara, the party under which he was elected, expressed deep sorrow over his passage.

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Members of the party, including the State Working Committee and other supporters, described his death as a great loss.

They said he was known for his dedication and honesty in serving his people.

His family, community members in Kaura Namoda South, and fellow lawmakers have been thrown into mourning as preparations for his burial began.

According to Islamic rites, he was buried today at 3:00 pm in his hometown of Kasuwar-Daji, located in the Kaura Namoda Local Government Area.

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Many in the state have continued to express grief as they remember the role he played in representing the people and contributing to the work of the state assembly.

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Just in: Sam Olumekun takes over as INEC’s Acting Chairman

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Mr. Sam Olumekun has taken over at the Independent National Electoral Commission (INEC) as Acting Chairman.

Olumekun is INEC’s National Commissioner in charge of Information and Voter Education.

He performed his first duties today, receiving a high-level delegation of the Labour Party (LP) at the Commission’s headquarters in Abuja with other National Commissioners in attendance.

The delegation was led by Abia State Governor Dr. Alex Otti, who visited the Commission to discuss key developments within the Labour Party.

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It was gathered that both parties engaged in discussions centered on enhancing collaboration and reinforcing democratic values.

During the visit, Governor Otti formally presented a Certified True Copy of the recent Supreme Court judgment concerning the party’s leadership.

He noted that the meeting was aimed at fostering clarity, mutual understanding, and institutional alignment regarding the Labour Party’s current structure.

Mr. Olumekun, the Acting INEC Chairman, reaffirmed the Commission’s unwavering commitment to neutrality, transparency, and the rule of law in the discharge of its constitutional responsibilities.

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Recall that a viral WhatsApp message had indicated that Prof. Mahmood was sacked by President Bola Tinubu and replaced with one Prof. Bashiru Olamilekan.

“INEC Chairman Prof. Mahmud Yakubu has been replaced with Prof. Bashiru Olamilekan by President Tinubu,” the message, which had no attribution, read. However, both INEC and the Presidency debunked the widespread report.

Yakubu, who is rounding off his second tenure in office, is expected to exit the system towards the end of this year.

The process of appointing an INEC chairman is the President nominating a candidate and forwarding his particulars to the Department of State Services (DSS) for profiling.

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After such screening, the President, thereafter, takes the name to the National Council of State for its advisory review.

Based on the outcome, the President sends the name to the Senate for screening and confirmation.

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