A guest on Burgami, a Community Radio show on 92.1 FM Monday in Abuja revealed how Govt. Tax Agencies are shortchanging the Federal Govt. of Nigeria of huge sums of money in sharp practises as a result of the newly implemented TSA Policy. These agencies who collects tax in dollars chooses to remit such taxes in naira after converting the dollar in the open market at the rate of N224 and N225 naira to 1 USD as against N199 official rates. The difference is then taken away. President Muhammadu Buhari has ordered a probe in all these agencies.
Details soon.
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