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Nairaland Forum / Nairaland / General / Business / CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters (33505 Views)
Billionaire Adebutu Kessington – Baba Ijebu Goes Bankrupt / Rosemary Adebutu Is Dead! Kessington Adebutu's Wife Dies / EFCC Investigating Kessington Adebutu ‘Baba Ijebu’ Over Tax Fraud (2) (3) (4)
CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by NwaNimo1(m): 10:21pm On Sep 05, 2020 |
CBN Freezes Baba Ijebu, Other Companies’ Bank Accounts As Dollar Scarcity Bites Harder In Nigeria http://saharareporters.com/2020/09/05/cbn-freezes-baba-ijebu-other-companies%E2%80%99-bank-accounts-dollar-scarcity-bites-harder 12 Likes 3 Shares
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Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by Gamer999: 10:23pm On Sep 05, 2020 |
What of my aza moneyissweet:wakaa ![]() 27 Likes 2 Shares |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by omowolewa: 10:27pm On Sep 05, 2020 |
Players beware, no payments for 'too sure' for now 11 Likes 2 Shares |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by Simplyleo: 10:29pm On Sep 05, 2020 |
I'm not an Economist but I think the CBN got this wrong. How can Baba Ijebu and 37 other companies be responsible for the free fall of the naira? ![]() 60 Likes 2 Shares |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by daddytime(m): 10:30pm On Sep 05, 2020 |
Foolish people. What about the madam at the top wey dey control the entire country forex market and the other paddy paddys wey dey do round-tripping?. 10 Likes 2 Shares |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by Okoroawusa: 11:33pm On Sep 05, 2020 |
This cut n join report no make sense 5 Likes 2 Shares |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by GamalNasser: 11:53pm On Sep 05, 2020 |
Buhari is about to kill the sport betting industry like he has killed other industries ....Ask yourself how freezing the Business account of Gaming companies can stop the fall of the Naira ? The CBN does not sell dollars to gaming companies yet is blaming them for the abuse of Forex they source by themselves ...You increase Nepa Tarriff , Fuel price , import Tarriff and open international travel all in the same week and you want to blame Baba Ijebu and co for the pressure on the Naira ..the only reason there is pressure on the Naira is Buharis bad leadership which keeps the Naira unstable and the only way for any serious firm to survive is to quickly convert it's earnings to dollars before Buhari bad policies devalue the little you have 67 Likes 3 Shares |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by GenSpecifics: 12:03am On Sep 06, 2020 |
They will soon criminalize forex holdings by private citizens so that they can get excuse to confiscate private savings in dollars. 1984 allover again. What were you fools thinking in recycling that tyrannosaurus back from the dead and making him your president ? 90 Likes 2 Shares |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by Nicklaus619(m): 12:57am On Sep 06, 2020 |
Simplyleo: I am an economist and I can tell you for free that, sh what u said is 100% right. Cbn freezing baba ijebu account doesn't make any sense and does not effect the economy in any way, Buhari and his blind economic team are just dishing out stupid idea to justify their salary, mofos ![]() 41 Likes 2 Shares |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by Jostoman: 1:09am On Sep 06, 2020 |
APC government is trying to bring the man down before 2023, that is just their game plan. If you know you know |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by DaddyRochie1642: 2:34am On Sep 06, 2020 |
Baba Ijebu must be Wailing and gnashing his teeth right now ![]() ![]() |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by Nobody: 6:24am On Sep 06, 2020 |
Nicklaus619: READ THE ARTICLE... The coys are allegedly evading tax remittance to the tune of N5bn to the Govt. 16 Likes 1 Share |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by alwayslearning9: 6:46am On Sep 06, 2020 |
Why single out baba ijebu though 3 Likes |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by Nicklaus619(m): 6:51am On Sep 06, 2020 |
Esseite: I read it bro, talking about tax evasion, believe me that most companies and industries own by some of our politicians don't pay tax, and most of these companies are multi-million companies, if making every companies and industries pays tax is what will stabilize the scarcity of dollars then they have to do the right thing and make sure everyone of those greedy politicians that have confiscated companies and industries own by state to their own personal companies should be checkmated and made to pay tax too. For instant rochas okorocha's company even after leaving the office had made all his staff working on his personal company to be payrolled in the state nominal role while be could not pay pensioners and owing civil servants salaries and arrears. Those that make sense to you, especially the clueless government masturbation on irrelevant issues where the problems lays way beyond all of that 19 Likes 1 Share |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by Nobody: 7:05am On Sep 06, 2020 |
Nicklaus619: I may have my reservations on the Govt , but I think tackling tax evasive coys is good. 8 Likes |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by wirinet(m): 7:20am On Sep 06, 2020 |
Nicklaus619: You are an economist but poor at English comprehension. If you read the report and comprehend, you will realise that there is no correlation between the free fall of the naira and freezing of Baba Ijebu and other's accounts. The accounts were frozen over " alleged tax fraud and economic sabotage " The report then continued with;
I don't see how you guys could link the scarcity of dollars at the parallel market to the freezing of 38 accounts. Except you are telling us that they were Dollar accounts with millions of dollars. 27 Likes 3 Shares |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by helinues: 7:23am On Sep 06, 2020 |
This article is majorly about Baba Ijebu, other mentioned companies are just washing.. Then, how credible is this news? 4 Likes |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by wirinet(m): 7:23am On Sep 06, 2020 |
GenSpecifics:You are on the wrong thread. What you wrote up there bear no connection to this thread. 7 Likes 1 Share |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by SamuelAnyawu(m): 7:25am On Sep 06, 2020 |
wirinet: In Nigeria we read with inbuilt Sentiment 8 Likes 1 Share |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by wirinet(m): 7:25am On Sep 06, 2020 |
helinues:Are you saying that if Baba Ijebu was involved in tax evasion (and other economic sabotage ), his company should not be penalises because he is immuned from the law? 6 Likes |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by helinues: 7:28am On Sep 06, 2020 |
wirinet: @ bolded is a conditional statement.... |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by wirinet(m): 7:42am On Sep 06, 2020 |
helinues:Correct. The accounts were frozen to allow investigations (that's the standard practise all over the world) and IF , the companies are found to be clean, the accounts are unfrozen. All these media hype is just blackmail, the accounts of millions of Nigerians get frozen everyday, they don't go to the media crying, they simply go to the banks or relevant authorities to straighten things out. 8 Likes 2 Shares |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by helinues: 7:46am On Sep 06, 2020 |
wirinet: Exactly... .. Those who are hating and envy the man are only wasting their time... This man started with pool, not even regular fixed odds but the treble chance which few companies were running away from back then... Then he moved to Ghana lotto before the transformation of pool to online betting He had paid his dues long time... 4 Likes |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by Nicklaus619(m): 7:47am On Sep 06, 2020 |
wirinet: The headline was misleading, but either way, baba ijebu ain't the only one evading tax, check out those government companies that are now fully privatized, they ain't paying no tax, if freezing baba ijebu's account will make dollar available in the parallel market, they should do so by freezing all companies and industries account associated to politicians not being selective that's all am saying. 2 Likes |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by wirinet(m): 7:55am On Sep 06, 2020 |
Nicklaus619:Obviously the headline was misleading, but you know that very few Nigerians read beyond the headlines. The fact that Baba Ijebu is not the only one evading tax (allegedly ), does not mean every company and everybody in Nigeria should evade tax. Baba Ijebu's account has no effect whatsoever on the value of the dollar in the parallel market. Baba Ijebu does his business in naira, he does does not sell dollars to the parallel market. 7 Likes 1 Share |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by wirinet(m): 8:00am On Sep 06, 2020 |
helinues: I honestly doubt Baba Ijebu is evading tax, it might all be a witch hunt. I believe he who's hand are clean fears no evil. Bet9ja had suffered worse witch hunts from both the national assembly and EFCC, and they have always come out unscathed. Kunle Soname (who is a personal friend) leaves no stone unturned to make sure he complies with the law. |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by helinues: 8:00am On Sep 06, 2020 |
wirinet: Not true... He is in partnership with other foreign betting company.. Most of those ridiculous odds are not his .. |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by kuuljay(m): 8:09am On Sep 06, 2020 |
Esseite:they read it,their brains are already wired negatively, tax evasion has nothing do with economic downturn and not a crime to them 3 Likes |
Re: CBN Freeze Adebutu Kessington's Bank Accounts For "Tax Fraud" - Sahara Reporters by kuuljay(m): 8:17am On Sep 06, 2020 |
wirinet:almost all the gaming companies in Nigeria has been short-changing the Govt of its 20% profits,which has ran into billions and Baba ijebu is the biggest of the thieves,they collide with DG of national lottery regulatory commission,pay few millions into govt account and share the rest untill the new executive secretary of national lottery trust fund couldn't take it and burst the bubble by reporting the efcc,alot of the game houses have started returning money's through back door.we talking billions here 11 Likes 3 Shares |
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