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

Man arrested for hypnotising, raping 13-year-old girl to death

A local government worker, Chuka Nwosu. who allegedly hypnotised and raped a 13-year-old girl to …

NDLEA grills socialite, Obi Cubana, for alleged drug links

The National Drug Law Enforcement Agency on Thursday grilled socialite, Obi Iyiegbu, popularly known as …

16-year-olds can now receive COVID-19 jab, says NPHCDA

The agency said this in an advisory made available to journalists on Thursday. “The NPHCDA …

Leave a Reply

Your email address will not be published. Required fields are marked *