VAT

JUST IN!! Appeal Court Orders Rivers, Lagos To Stop Collecting VAT » Naijaloaded


The Abuja Division of the Court of Appeal on Friday ordered the Rivers and Lagos authorities to stop the collection of Value Added Tax (VAT) pending determination of the application filed by the Federal Inland Revenue Service, FIRS.

The court handed down the ruling in Abuja on Friday, saying all parties should maintain the status quo until an application raised by the FIRS has been dispensed.

Justice Haruna Tsanami who issued the order said the law passed by Rivers State House of Assembly and signed into law by Governor Nyesom Wike must not be implemented.

The court warned both Lagos and Rivers not to go against its order, even though Lagos had yet to be joined as a party to the suit.

The order comes as Governor Babajide Sanwo-Olu was signing the Lagos VAT Bill into law.

Details shortly…

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Lagos Assembly Passes VAT, Anti-Open Grazing Bills » Naijaloaded


The Lagos State House of Assembly has passed the Value Added Tax Bill.

The Speaker Mudashiru Obasa directed the Acting Clerk of the House, Mr. Olalekan Onafeko, to transmit a clean copy to Governor Babajide Sanwo-Olu for assent.

The House also passed the bill that prohibits open cattle grazing in the state.

The two bills were passed after unanimous votes by the lawmakers at the sitting where the bills were read the third time.

Immediately after their passage, Speaker Obasa commended his colleagues for their passion to see that the state continues to grow.

“I thank you all for this historic exercise,” Obasa said.

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