N1.5b Tax Dispute: FIRS, 44 Insurance Firms to Settle Out of Court
Forty-four companies including NICON Insurance Company Plc, owned by controversial businessman, Jimoh Ibrahim have agreed to an out-of-court settlement with the Federal Inland Revenue Service (FIRS) over the dispute concerning tax evasion totalling N1.5bn. The insurance companies had earlier instituted legal proceedings against FIRS at the Tax Appeal Tribunal sitting in Abuja over the non-refund […]