On 16th March 2021, the National Information Technology Development Agency (NITDA or "the Agency") announced that it has imposed a fine of ₦5 million on Electronic Settlement Limited for personal

Federal Inland Revenue Service (FIRS) has recently been issuing Notice of Refusal to Amend (NORA) assessments issued in respect of on-going tax audit exercises.

I vividly remember six years ago when I received a call from a former colleague that someone wanted to meet with me to discuss a business opportunity. At the time, I was an Associate...

The Federal Inland Revenue Service (‘FIRS'), recently introduced new measures to improve the experience of taxpayers during tax audits.

An effective internal control system is crucial for modern businesses. Factors such as business growth, the complexity of activities, and the potential for errors and fraudulent transactions make it essential.

The Lagos State Internal Revenue Service recently issued a Public Notice, advising taxpayers and the general public of modifications made to the process for conducting Tax Audit and Reconciliation Committee meetings.

The Nigeria Data Protection Regulations 2019 requires organisations to conduct a detailed audit of their privacy and data protection practices ...

Do you know that under the Nigerian Data Protection Regulations 2019 (NDPR), data controllers and processors who determine the processing and process the personal data...

The Nigeria Data Protection Commission ("NDPC/the Commission") has published a Guidance Notice prescribing the formalities for the data protection compliance audit returns ("CAR") filing...

The Financial Reporting Council of Nigeria (FRCN) has revoked Rule 4 of the FRCN Rules through a public notice (PN) dated 11 July 2019.

On 30 June 2020, an Inter-Ministerial Committee for the Audit and Recovery of Back-Years Stamp Duties (the committee) was inaugurated and the Federal Inland Revenue Service (FIRS)...

The Federal Inland Revenue Service (FIRS), on 30 April 2019, notified the public that it has introduced new measures to simplify and ease tax audit experience for all taxpayers.

It is therefore important that taxpayers are prepared and equipped to effectively manage the TP audit process.

Article 10 of the General Application and Implementation Directive 2025 ("GAID") requires data controllers and data processors to conduct periodic...

The decisions by governments in many countries to curtail the spread of the Coronavirus, otherwise known as COVID-19, has had far reaching effects on the global economy. Many businesses have had to stop operations...

We have a strong history of providing advisory services to our Client Banks to support them in reducing their huge non-performing and delinquent loans...

As data usage in Nigeria is fast becoming an inevitable part of business practices, the regulatory oversight of the National Information Technology Development Agency (NITDA)...

The Tax Appeal Tribunal (TAT or Tribunal), in Polaris Bank v. Abia State Board of Internal Revenue has made pronouncements on a number of different tax matters including:

As the 30 June Transfer Pricing (TP) returns filing deadline approaches, taxpayers and consultants are occupied with ensuring that their Related Party Transactions (RPTs) are well-documented...

The Nigeria Data Protection Regulation, 2019 ("NDPR") requires organisations that collect and process personal data of Nigerians and Nigerian residents to adopt appropriate systems and processes ..