Check Out Huge Amounts Lagos And Rivers Raised From VAT In 8 Months As Wike And Sanwo-Olu Battle FG

Governors Nyeson Wike of Rivers State and Babajide Sanwo-Olu of Lagos State have been in a serious battle with the federal government over the controversial issue of Value Added Tax (VAT) collection.

Governor Wike has been the one leading the move to allow states to collect VAT in their domains. To that effect, Wike signed a law to back up the move to collect VAT in Rivers State. He also got a court order to support his move. 

The second state to follow suit is Lagos State as Governor Sanwo-Olu adopted Wike's idea and signed the VAT law in his state. Sanwo-Olu went ahead to join Lagos as a party in the suit seeking to stop states from collecting VAT which the federal government filed through the Federal Inland Revenue Service (FIRS). The suit is still pending at the Court of Appeal even as Wike and Sanwo-Olu insist on VAT collection, What Lagos State and Rivers State generated from VAT in eighth months...Advance Reading For More Details.....W

Share to others

0/Post a Comment/Comments