The Finance Act 2020 was recently signed into law by President Buhari and became effective from January 1, 2021. According to the provisions of the Finance Act 2020, the federal government can borrow from the pool of unclaimed dividends of quoted companies that have remained unclaimed for a period of not less than six years from the date of declaring such dividends. Over N200billion is estimated to be trapped in the pool of unclaimed dividends and this is quite huge. It is clear that as soon as the provision is fully applied and implemented, no shareholder will be able to…
Nigeria: 130-Year-Old Harvard Law Review Elects Nigerian As First Black Woman President First black woman president Harvard law, ImeIme Umana. By Idris Ibrahim A Nigerian, ImeIme Umana, has made history as the first black woman president of the Harvard Law Review, a prestigious legal journal in the United States. Former U.S. President Barack Obama was the first black to be elected president of the Harvard Review in 1990. Ms. Umana, who is of Nigerian descent, but hails from Harrisburg, Pennsylvania, in the United States, has become the 131st leader of the organization The job is considered the highest student position…
Source AWFS Consulting If you are starting a business you have options as to how to structure your business. Your choices are sole proprietorship, partnership or incorporation. A sole proprietorship is a business that is not incorporated, and owned by one individual. The net income earned by the business is taxed in the hands of the owner personally at the applicable graduated personal income tax rates. The net income / loss of the business is included in the personal income tax return of the owner along with all other sources of income earned by the owner. A partnership is…
