Bamillionaire's Blog: 2016-03-06

11 March, 2016

Explosion Rocks CBN Calabar Office, Over 18 People Dead

According to Vanguard, 18 people were on Friday morning roasted while others sustained third degree burns in an inferno at the Central Bank of Nigeria, CBN, following an explosion at the premises of the Bank located at Calabar Road by the Millennium Park. The explosion which took place at about 11.45 am set the main edifice of the bank on fire effectively trapping many staff and visitors which occasioned for the high casualty fire. When Vanguard visited the scene at 12 noon, a team of mobile policemen and soldiers assisted by nurses and personnel of the Nigeria Security and civil defense Corps were seen keeping guard over the place while officials of the Federal and State Fires Services were putting out the fire and rescuing those trapped in the building.

08 March, 2016

Artisans And Domestic Workers To Pay Taxes In Lagos

Today, Lagos State Government announced that it had increased its tax gap to include domestic workers and artisans. Mr. Olufolarin Ogunsanwo, the Chairman of the Lagos State Internal Revenue Service (LIRS) made the announcement at a news conference in Alausa. He said that the new tax regime was in line with Gov. Akinwunmi Ambode administration’s inclusion of every resident for the growth of the state. Mr. Ogunsanwo said the agency had commenced the process of overhauling the informal sector with a view to ensuring voluntary compliance by all tax payers. He said the agency had identified three categories of tax payers in the sector. According to him, they include market men/women, artisans, micro, small and medium-scale enterprises and domestic staff. He said these categories of people were expected to remit one per cent of what they earned to government’s coffers. Ogunsanwo said that a directorate had been created in the agency to oversee the sector, while modalities for taxing these categories of people had been worked out. According to him, the declining national revenue as a result of the fall in the global price of oil and the need for government to provide and maintain basic infrastructure necessitated the regime.