Business
50 Directors, Others Affected In Massive Shake-Up At FIRS
In a bid to realise the 2020 revenue target of N8.5 trillion, the Federal Inland Revenue Service (FIRS), has embarked on a massive re-organisation that has seen the transfer of over 100 staff, cutting across various cadres, especially directors.
The Tide learnt that about 50 directors, deputy directors and assistant directors of the agency have been redeployed in the major shake-up.
The Executive Chairman of the newly constituted board of FIRS, Muhammad Nami, has reportedly approved the redeployment of top directors in the agency.
The move did not totally come as a surprise, however, as Nami, shortly after his inaugural speech on January 16, hinted of his plans to restructure the Service as encapsulated in his 13-point agenda.
The shake-up, it was gathered, was to move staff to meet fresh challenges, bring their creativity to bear, break new grounds and eventually eliminate redundancy occasioned by monotonous work pattern.
While some of the directors were said to have moved up in relevance and ranking, one senior management staff got a tacit boot away from the agency. A new director also joined the service.
“I think it’s a normal process and procedure for a new boss to move staff around and put them where he feels they can function optimally once he studies the staff organogram.
“It is rare for a new boss to inherit and adopt the template his predecessor operated with, especially when he wants to up the ante and achieve higher targets,” a source said.
An Assistant Director confirmed that more transfers and movements will come as Mr Namu strengthens his hold on the FIRS.
“These transfers are normal. When Fowler also came, he moved people on a continuous basis until he was comfortable to do the job. And let me tell you, in the FIRS that I know, anyone who has spent four years in an office could be transferred. It’s in black and White. And staff know. The new chairman is eager for results. And as you can see, his focus is tax, tax, tax and anything that could assist him to realise the 2020 target,” the official said asking not to be named as he was not authorised to speak to journalists.
The FIRS spokesperson, Wahab Gbaddamosi, described the massive shake-up as “normal internal staff transfers in FIRS.”
He said it the usual movement of staff carried out by a new management.
“The FIRS Human Resource policy, which says that any staff that has done four years in a position can be moved around approves such movements.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
News4 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Sports3 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
-
Politics3 days agoWike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
-
Politics3 days agoRivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
-
Sports3 days agoNPFL To Settle Feud between Remo Stars, Ikorodu City
-
Sports3 days agoPalace ready To Sell Guehi For Right Price
-
Sports3 days agoArsenal must win trophies to leave legacy – Arteta
-
Sports3 days agoTottenham Captain Criticises Club’s Hierarchy
