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Category: Finances
Checking Embezzlement in Religious Houses
by Sarah Hofmann, Public Information Officer, ACFE Many revere houses of worship as the ultimate places of trust, and the people who work for them, pillars of the community. That makes it all the more painful when a church, synagogue or mosque, and their worshippers, fall victim to embezzlement. Unfortunately, that inherent trust is one of…
VAIDS – What is this?
What is Voluntary Assets & Income Declaration Scheme (VAIDS)? VAIDS is a time-limited opportunity for taxpayers to regularize their tax status relating to previous tax periods. In exchange for fully and honestly declaring previously undisclosed assets and income, tax payers will benefit from forgiveness of overdue interest and penalties, and the assurance that they will…
Voluntary Assets & Income Declaration Scheme (VAIDS)
A bit to know about the recently issued Executive Order… http://vaids.gov.ng
Tax break for companies under pioneer status!
http://www.premiumtimesng.com/news/headlines/239472-breaking-nigerian-govt-announces-27-industries-to-enjoy-tax-break-under-pioneer-status-full-list.html
Fraud Prevention Checkup
Fraud Prevention Check-Up…www.acfe.com Are you vulnerable to fraud? Do you have adequate controls in place to prevent it? Test your company’s fraud health with this free training resource featuring a checklist and video. Why you should take the Fraud Prevention Check-Up It is an affordable, easy-to-use way to identify gaps in your…
Things to Know About Home Finance and Real Estate Investing
Home loans are the top home financing options for enabling people to fulfill the dream of owning a home. While financial institutions are willing to lend, you need to be aware of how this type of home finance works to avoid disappointment. Familiarizing yourself with a financial product is essential before committing to a transaction…
Nigeria’s pension assets should have surpassed N37trn – Chidi Duru
From the key role he played as chairman of the House Committee on Pension in 2004, in the enactment of the Pension Reform Act 2004, to his establishment of First Pension Guaranty (FPG) Limited, also in 2004, Hon Nze Chidi Duru has been a prominent figure in Nigeria’s pension industry. In this interview, he provides…
Nigerian govt clears N54 billion pension backlog – Minister
Concerned about the plight of pensioners who retired under the Contributory Pension Scheme without being paid, the federal government has cleared the inherited arrears of accrued pension benefit for the year 2014, 2015 and 2016 by releasing N41.5 billion to the National Pension Commission, PENCOM, for onward payment to the retirees, Minister of Finance, Mrs.…
10 Things You Need To Know About Pension In Nigeria
Your pension fund administrator (PFA) will take your questions and give you all the information you need to make the right choices as you prepare for life after work. Furthermore, here are 10 things you should know about your pensions before you retire. 1. What’s the due date and payment mode? If you choose to…
Importance of your Pension Plan for Retirement
Pension plans serve as a means of financial stability and security after retirement. It is an insurance plan providing financial coverage for your old age and is sponsored by the company fund. In other words, a certain amount of your current income is transferred and stored for your future. This money is then given to…