Home / Headlines / Undeclared offshore assets: FG okays amnesty, immunity for defaulters

Undeclared offshore assets: FG okays amnesty, immunity for defaulters

The federal government, has said that it has approved tax amnesty and permanent waiver of criminal prosecution to owners of offshore assets that are willing to voluntarily declare them.

The Attorney General of the federation and minister of Justice, Mr. Abubakar Malami, san, who made the disclosure, said the immunity package would shield the owners from tax offences, penalties and interests concerning such declared offshore assets.

Mr. Malami spoke at the unveiling ceremony of the voluntary offshore assets regularization scheme, (voars), in Abuja.

He added that the voluntary offshore assets regularization scheme Voars was a scheme that was initiated by the Swiss consortium with a view to facilitating the regularization of offshore assets owned by Nigerians.
                                                                                                                                                                                  

Check Also

Buhari Signs AFCFTA Agreement In Niamey

President Muhammad Buhari has signed the African Continental Free Trade Area agreement. The signing took  …

thomas enders airbus sun bo china aviation supplies xi jinping angela merkel chine allemagne europe g20

General Manager barged 12 years in jail for abuse of power and bribery.

Sun Bo, of China Shipbuilding Industry Corporation Former General Manager, has been sentenced to 12 …

BREAKING: Supreme Court Affirms Oyetola’s Victory

The Supreme Court has dismissed the appeal filed by the Peoples Democratic Party (PDP) and …

Leave a Comment