TODAY
February 3, 2021
The Federal Executive Council has approved about N2billion for the procurement of surveillance equipment for some airports and inland waterways in the country.
Minister of Information and Culture, Lai Mohammed, disclosed this to State House correspondents at the end of the Council meeting, presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja, on Wednesday.
He said N1.2 billion of the amount was approved for the purchase of surveillance equipment for the Nnamdi Azikiwe International Airport Abuja and the Murtala Mohammed International Airport, Lagos.
He said: “The Minister sought for council’s approval, which was granted for a contract for the design, supply and installation of a long-range thermal camera surveillance system at the Murtala Mohammed International Airport, Lagos and Nnamdi Azikiwe International Airport Abuja.
The Federal Executive Council has approved about N2billion for the procurement of surveillance equipment for some airports and inland waterways in the country.
Minister of Information and Culture, Lai Mohammed, disclosed this to State House correspondents at the end of the Council meeting, presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja, on Wednesday.
He said N1.2 billion of the amount was approved for the purchase of surveillance equipment for the Nnamdi Azikiwe International Airport Abuja and the Murtala Mohammed International Airport, Lagos.
He said:
“The Minister sought for council’s approval, which was granted for a contract for the design, supply and installation of a long-range thermal camera surveillance system at the Murtala Mohammed International Airport, Lagos and Nnamdi Azikiwe International Airport Abuja.
By
Fri Dec 11 2020
The Federal Inland Revenue Service (FIRS) and the Nigerian Export Processing Zones Authority (NEPZA) have differred over a provision of the new Finance Bill which seeks to subject companies in Free Trade Zones (FTZs) to render returns to FIRS.
It is supposed to be in line with the provisions of the Companies Income Tax (CIT) Act.
The Finance Bill seeks to amend NEPZA Act to prove that “all companies registered and operating in the Zone shall comply with the provisions of Section 55 (1) of the Companies Income Tax Act and render returns in the manner prescribed therein, to the Federal Inland Revenue Service and the penalties prescribed in Section and all penalties in the Companies Income Tax Act and the Federal Inland Revenue Establishment Act that may apply in the event of non-compliance with the said Section 55 (1) of the Companies Income Tax Act shall apply to such companies in the event of default to comply.”