OUR INSIGHTS

introduction The Federal High Court of Nigeria, sitting at Port-Harcourt in Rivers State (“the Court”) has recently delivered a judgment in case FHC/PH/CS/149/2020, between the Attorney General of Rivers State (“AG Rivers”) and Federal Inland Revenue Service (“FIRS”). Highlights of the Case The suit instituted by AG Rivers was for a declaration that FIRS had...

Value Added Tax: Rivers and Lagos State Governments Enact LawsDownload It is no longer news that the Federal High Court in AG Rivers State v. Federal Inland Revenue Service recently held that the competent body to regulate, assess and collect Value Added Tax (VAT), is…

Introduction The Nigerian economy has for some years been burdened with the menace of deficit budgeting, which the government has often supplemented, using external and internal borrowings besides other measures. The internal borrowings have been largely via the issuance of government securities through the Central Bank of Nigeria. These include the Nigerian Treasury Bills, Treasury...