The Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria, CIFCFIN, has commended President Bola Tinubu for signing the Tax Reform Bill into law while calling for the establishment of a National Tax Fraud Investigation and Forensic Oversight Framework to improve the Nigerian tax system.
Speaking during the graduation ceremony of the Institute’s 13th Direct Membership Training, Licensed Practitioners Training and Fellowship Awards at the National Institute for Legislative and Democratic Studies (NILDS), Abuja recently, CIFCFIN’s Founder/Chairman, Governing Council, Dr. Iliyasu Gashinbaki said the new tax law introduced a Unified Tax Code for consistency across all tiers of government. Praising the initiative, he said it also mandated Digital Tax Registration and Reporting for both local and foreign entities; enforced stricter penalties for evasion and fraud that extended criminal liability to facilitators such as accountants, auditors and even legal practitioners.
“This is a bold and strategic response to decades of fragmentation, opacity, and exploitation of Nigeria’s tax system,” he declared, adding: “the new tax law brought with it sweeping reforms as it consolidated over 60 disparate taxes into fewer than 10 core taxes.”
