The Federal Government has approved the appointment of a new chairman of the Federal Inland Revenue Service (FIRS) following the exit of the outgone one.
President Muhammadu Buhari Monday named Mr. Muhammad M. Nami as the new FIRS Chairman.
Babatunde Fowler whose term of office expired as FIRS Chairman on Monday, December 9 is expected to hand over to the most senior director on the board, pending the Senate confirmation of the new board.
Fowler who was appointed as chairman in August 2015 generated N3 trillion in 2016, N4.03 trillion in 2017, N5.32 trillion in 2018 and targeted N8 trillion for this year.
A statement by his spokesperson, Garba Shehu said Buhari also announced the constitution of a new board for the FIRS subject to Senate confirmation.
The board is composed of a member representing each of the six geographical zones and statutory representatives from a select number of ministries and government agencies.
Mr Muhammad, a well-trained Tax, Accounting and Management professional with highly rated qualifications and professional practice and licenses from relevant professional bodies, has almost three decades of practical working experience in Auditing, Tax Management and Advisory and Management services to clients in the banking, manufacturing, services and public sectors as well as non- profit organizations.
He is an expert in rendering advisory support services to investors in respect of new business start-ups and management of existing businesses. He has also continuously rendered outsourced services to clients in trading, service and manufacturing sectors of the nation’s economy.
Nami attended Bayero University Kano and Ahmadu Bello University, Zaria where he obtained a Bachelor’s Degree in Sociology (1991) and a Masters of Business degree (2004) respectively. He is a fellow of Chartered Institute of Taxation of Nigeria, Institute of Debt Recovery Practitioners of Nigeria and Associate Member of Nigerian Institute of Management (Chartered) and Association of National Accountants of Nigeria.
He started his career with PFK in 1993 and rose to the position of a senior Consultant in charge of Tax management and advisory services. He is currently the managing consultant of Manam Professional Services (Chartered Tax Practitioners and Business Advisers) based in Kaduna, Abuja, Niger State.
Nami has served, and is still serving, on many companies’ Board and Statutory Board Audit Committees. He was appointed as a member, Presidential Committee on Audit of Recovered Stolen Assets in November 2017 by President Buhari.
The Nigerian Federal Inland Revenue Service was created in 1943, when it was carved out of the erstwhile Inland Revenue Department that covered what was then the Anglo-phone West Africa (including Ghana, Gambia and Sierra Leone) during the colonial era.
