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.
A British woman has won her case after she paid significantly higher taxes than Australian locals while employed as a waitress on a working holiday visa.
91 illegal migrants from Nigeria are being repatriated back to their home country, in what security officials say is a voluntary return from Libya's International Misrata Airport to the Nigerian capital Niamey.
Nigeria has secured a new set of military gear and they are massive. The Nigerian Army recently unveiled 60 new VP1 Type Tracked Armoured Personnel Carriers to expand it armory.
With the US House of Representatives moving towards a vote on a $1.75 trillion social spending and climate package, the country could see a string of new tax hikes. Also, eco-friendly fashion designers hope to change a sector known for a heavy carbon footprint and enthusiasts of NFTs (non-fungible tokens) meet up in New York City.
Golf is a club-and-ball game in which players use various clubs to hit balls into a series of holes on a course. The sport dates as far back as the 15th century and it is one of the most popular outdoor games around the world. Even though the game is not really popular in mainstream Nigeria, it has often been regarded as a male and elite sport, but this set of women are changing the narrative, to them, golf is more than just a game. Some female golfers took out time to share their experiences playing a sport that is mostly dominated by men.
Nigeria’s Foreign Minister Geoffrey Onyeama told FRANCE 24 that recent coups in West Africa are undermining democracy and that events have reached a crucial juncture for the Economic Community of West African States (ECOWAS) regional bloc. “Clearly it is a threat, it is an unfortunate precedent,” he said.
A fact-checking media in Mali has identified false claims of child harvesting in Nigeria – so-called "baby factories". The claim that the images in question are recent is bogus, but a real phenomenon of child harvesting does exist in Nigeria. Also, a Canadian media dramatically claimed that the wife of Pfizer's CEO died due to the Covid-19 vaccine. In fact, she is alive and well.
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate (MPR) at 11.5%, whilst keeping all other monetary parameters constant.
Nigeria has the second largest film output in the world, but many filmmakers struggle with low budgets and barely make a profit. But streaming platforms are giving a boost to African films.
In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?
Oil giant Shell will pay a Nigerian community $111m (£80m) over an oil spill more than 50 years ago. A spokesman said the payment would mark the "full and final settlement" to the Ejama-Ebubu community over a spill during the 1967-70 Biafran War. The company has maintained that the damage was caused by third parties.
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Police in the eastern Democratic Republic of Congo have detained members of a group allegedly linked to the killing of Italy's ambassador last year as well as more recent kidnappings of NGO workers, a provincial police chief said on Tuesday.
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Ambassadors of Israel and Germany say denying the Holocaust threatens peaceful coexistence worldwide. Their appeal comes 80 years after the Wannsee Conference, where Nazis discussed the extermination of Europe's Jews.
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Athletes travelling to next month's Beijing Olympics were warned on Tuesday (January 18) about speaking up on human rights issues while in China for their own safety by speakers at a seminar hosted by Human Rights Watch. Rights groups have long criticized the International Olympic Committee (IOC) for awarding the Games to China, citing the treatment by the Chinese government of the Uyghurs and other Muslim minority groups, which the United States has deemed genocide.
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Pakistan is the world's fourth largest producer of milk. Domestic demand is strong and some 90 percent of the population consumes untreated raw milk. This provides an opportunity for corrupt retailers but also for farmers who are trying to survive inflation and falling profits. Some use illegal methods to increase the volume of the precious liquid – diluting milk with tap water is one of the most widespread techniques. Others even create fake milk from chemicals. Faced with this serious threat to public health, the authorities in Punjab province have stepped into action, as our correspondents report.
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Child trafficking is often described as modern day slavery. despite legal and social measures aimed at combating the practice, it remains rife in a number of west african countries.
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Java's northern coast is slowly subsiding into the sea — mainly because of groundwater exploitation. Without a wholesale change in the provision of water, the city of Pekalongan could be submerged by ocean waves by 2030.