President Muhammadu Buhari has approved the composition of a new board for the Federal Inland Revenue Service, FIRS, subject to Senate confirmation, as statement by Garba Shehu, one of President Buhari’s spokespersons, revealed in a statement.
“The president nominated a renowned tax consultant, Muhammad M. Nami as the new chairman,” the statement, issued on Monday, December 9, 2019, read.
With this appointment, Babatunde Fowler, the erstwhile chairman of the FIRS has been terminated.
“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,” the statement said further.
“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.
Nami’s credentials are given as a Bachelor’s Degree in Sociology (1991) from Bayero University Kano and a Masters of Business degree (2004) from Ahmadu Bello University, Zaria.
“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,” the presidency’s statement read.
“He is currently the managing consultant of Manam Professional Services (Chartered Tax Practitioners and Business Advisers) based in Kaduna, Abuja, Niger State. Mr Muhammad 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.
“He is married with children,” the statement ended.
Chairman of FIRS, Babatunde Fowler, whose term of office expired on Monday, 9th December, 2019 is expected to hand over to the most senior director on the board, who will take charge, pending the senate confirmation of the new board.