President Buhari has rejected the reappointment of Babatunde Fowler as the chairman of the Federal Inland Revenue Service(FIRS)
Buhari nominate member of the Presidential Committee on Audit of Recovered Stolen Assets, Muhammad M. Nami, as the new Executive Chairman of the Federal Inland Revenue Service (FIRS). He will replace Babatunde Fowler, who became FIRS boss on August 20, 2015, after leading the tax reform in Lagos.
Fowler, was appointed as FIRS chairman on August 20th 2015. He was confirmed by the Senate on December 9th 2015. Fowlers tenure of four years, though renewable on the discretion of the President, expired today Monday December 9th.
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.
In a statement signed by Garba Shehu, the Senior Special Assistant to the President, it was disclosed that the president approved the composition of a new board for the FIRS, which is subject to Senate confirmation.
According to the FIRS Establishment Act, the executive chairman shall be appointed by the President subject to the confirmation of the Senate. The chairman and other members of the board, other than ex-officio members, shall each hold office for a term of four years, renewable only once.
Muhammad M. Nami: 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 organisations.
He 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.
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 and has children.
Before Fowler’s appointment, he was the Chief Executive Officer of the Lagos Inland Revenue Service (LIRS) where he served under the then governor of the state, Babatunde Fashola. The tax administrator spearheaded the Lagos tax reform agenda. He expanded the Lagos tax base, which resulted in an increase in Internally Generated Revenue (IGR) from an average of N3.6 billion per month in January 2006 to an average of over N20.5 billion per month in 2014.