Revenue Leakage: Nigeria loses $18bn annually to tax evasion and money laundering
By TVC News Nigeria
13 April 2021 |
7:00 am
This is a discussion on the funds Nigeria has lost to tax evasion and money laundering.
In this article
Related
12 May
The World Economic Forum is urging Nigeria to identify risk-hedging facilities to back the naira financing of clean energy projects due to the limited availability of dollar finances.
12 May
Peter Obi’s request unconstitutional; Tinubu must be sworn in — LP’s Lamidi Apapa
17 May
Known as Nigeria's Solar queen Damilola Asaleye owns a solar tech company, has founded a solar academy and organizes stipends for young women in an effort to create women workforce in the sector.
17 May
Nigerian authorities blamed the violence on a local separatist group. Two local US embassy staffers and two policemen were killed, while three were abducted.
20 May
Nigeria's northern states of Adamawa, Yobe and Borno are expected to be hardest hit due to heightened Boko Haram attacks, banditry and kidnappings. Many locals have fled their villages and now live in IDP camps.
23 May
Oil extraction and repeated spills have turned the Nigerian state of Bayelsa into one of the world's most polluted areas. A report estimates the cleanup cost to be more than 12 billion dollars, and calls for oil companies Shell and Eni to foot the bill.
20 May
A new report says the oil giants should foot a $12 billion bill for the pollution in Nigeria's Bayelsa state — but they deny wrongdoing. Instead, Shell and Eni attribute the oil spill to illegal refineries and oil theft.
20 May
The Fly Eagles of Nigeria begin their campaign at the FIFA Under 20 World Cup in Argentina on Sunday against the Satin Dominican Republic. And in this episode of The Nutmeg, we preview the game for you.
21 May
Inside Stuff with Martins Oloja this week examines the race to become the next Nigeria Senate President and Speaker House of Assembly. The multi-award-winning journalist with The Guardian Nigeria asks: 10th National Assembly: Who is on Nigeria's side?
22 May
When 18 incoming new governor takes over their states on May 29, 2023, they will take over near-bankrupt states. Overall, the governors who have completed their constitutionally allowed two terms plus Bello Matawalle of Zamfara, who could not secure re-election, will pass on a whopping N3.2 trillion to the new state handlers. The 19 states’ debt is about 44 percent of the cumulative $17.34 trillion owed by the 36 states and the Federal Capital Territory.
24 May
A decent start it was for the Flying Eagles as they rallied from a goal down to claim their first victory at the U-20 World Cup against the Dominican Republic. Up next is an all-important clash against Italy and this could make or break their campaign in Argentina. Ayomide Sotubo and this is the Nutmeg on Guardian TV.
26 May
The Flying Eagles have made sure of qualification; they have done the job whether you like Ladan Bosso or not! It's now all about bragging rights when they face Brazil on Saturday and in this video, Ayomide Sotubo previews the game on The Nutmeg this week.
Latest
36 mins ago
Germany's conservative opposition parties think that what the country needs is more patriotism — to overcome political polarization and make eastern Germans feel more included. But what does patriotism mean in Germany?
37 mins ago
The French medical charity Doctors Without Borders has warned of a looming health crisis in Kenya's Dadaab refugee complex. The camp hosts nearly 300,000 refugees from Somalia and neighboring countries.
40 mins ago
West Ham United might perhaps be the Oliver Twist of the year. They have survived relegation but they can end a 43-year-old trophy drought. In this edition of The Nutmeg, Ayomide Sotubo jumps on a preview of the UEFA Europa Conference League final.
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
1 day ago
The Odisha train crash has put a fresh spotlight on safety as the government modernizes the country's extensive railway network and infrastructure.