Connect with us

News

Reps Move to Settle FIRS, NIPOST Rift over Stamp Duty

Published

on

Kindly share this post

House of Representatives has offered to play the role of a mediator in the ongoing feud between the Nigerian Postal Service (NIPOST) and the Federal Inland Revenue Service (FIRS) over collection of stamp duties, according to James Faleke, chairman, House committee on Finance.

Reps Move to Settle FIRS, NIPOST Rift over Stamp Duty

The House described the battle by FIRS and NIPOST as “unnecessary and unhelpful.”

Top officials of the FIRS and NIPOST have been engaging themselves in a war of words, especially on the social media, claiming exclusive rights to collect stamp duties and manage the revenue.

Faleke, chairman, called a stakeholders’ meeting in Abuja to resolve the crisis and reach a resolution on the N58bn stamp duties revenue collected from February 2016 to April 2020.

At the meeting were Maimuna Abubakar, chairman of the Board of NIPOST; Ismaail Adewusi, postmaster general/chief executive officer of NIPOST; Mohammed Nami, chairman of FIRS; and other top officials of both bodies.

Faleke said the open fight by the two government agencies was embarrassing the committee, forcing the lawmakers to intervene and address the issue.

He said the lawmakers decided to convene dialogue to see if the agencies were doing the bidding of the law.

The lawmaker said after hearing from both sides, the committee would go back and look at all legal issues raised, while another meeting would be convened at a later date.

Earlier, both the FIRS and NIPOST bosses, in their separate presentations, described the battle between them as unnecessary.

Nami said, “The FIRS regrets that as agencies of the government, FIRS and NIPOST allowed a simple situation to degenerate to media exposure. It is regrettable that the differences in who controls stamp duty collection between both NIPOST and FIRS had degenerated to a public spat between the two agencies. This is unnecessary and unhelpful.”

Nami said it was discovered in December 2019, when he became Chairman of FIRS, that over N30bn had accumulated in the NIPOST Stamp duty Account with the Central Bank of Nigeria, which was opened in 2016 to warehouse stamp duty revenue.

According to him, FIRS has been generating N3bn revenue from stamp duty collection from banks weekly, from May 2020 to date, while the balance in the account had risen to N58bn by April 2020.

Nami noted that the deployment of the Application Programming Interface by the FIRS led to the increase in revenue generation.

The FIRS boss also the CBN directed the FIRST to move the money in the account to the Federation Account in May 2020.

Nami said since then, both the FIRS and NIPOST have been bickering over stamp duty collection and management of the revenue.

Adewusi, however, insisted that in spite of the new Finance Act 2019, NIPOST still maintains the powers to collect stamp duties.

He said, “The issue is, the Finance Act, 2019 did not in any way stop NIPOST from its mandate. In spite of amendment to the Finance Act, it has not affected the responsibility of NIPOST. There is no fight between NIPOST and FIRS over tax collection. The responsibility of procuring stamp rests with NIPOST, which is entitled to its share of the stamp duty proceeds it collected and domiciled in the Central Bank of Nigeria from 2016 to 2020.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Comments

News

McAfee Identifies Social Networks as a Growing Attack Vector in 2021

Published

on

Kindly share this post

Threat actors have depended heavily on phishing e-mails as a means to compromise organisations through individual employees.

But in 2021, sophisticated adversaries will increasingly target, engage and compromise corporate victims using social networks as an attack vector.

So said Raj Samani, McAfee’s chief scientist, noting that the security giant has observed a growing number of sophisticated threat actors using LinkedIn, What’s App, Facebook and Twitter to engage, develop relationships with, and then compromise staff members. Through these users, they compromise the broader organsations that employ them.

According to Samani, bad actors have employed social network platforms in broad scoped schemes to perpetrate relatively low-level criminal scams. However, prominent actors such as APT34, Charming Kitten, Threat Group-2889 and others, have been identified using these platforms for higher-value.

Much as individuals and businesses engage potential customers on social platforms by gathering information, tailoring specialised content, and conducting targeted interactions with them, malefactors can target high value employees with a deeper level of engagement in the same way.

Moreover, employees engage with social networks in a manner that encompasses both their private and work lives. While companies have measures in place to secure corporate-issued devices and can restrict the way consumer devices access corporate IT assets, employees’ activity on social network isn’t monitored or controlled in the same way.

Samani says while it is unlikely that e-mail will be replaced as an attack vector, McAfee foresees this social network platform vector becoming more common in 2021 and beyond, particularly among the most advanced actors.


Kindly share this post
Continue Reading

News

NCC Renews MCSN Licence

Published

on

Kindly share this post

Nigerian Copyright Commission (NCC) has granted to the Musical Copyright Society Nigeria Ltd/Gte (MCSN) the renewal of its approval or licence to continue to operate as a Collective Management Organisation (CMO) in accordance with the provisions of the Copyright Act, Cap C.28 Laws of the Federation of Nigeria 2004 and the Copyright (Collective Management Organisation) Regulations 2007.

NCC Renews MCSN Licence

The renewal of MCSN’s approval to continue to operate as a CMO or collecting society for musical works and sound recordings was conveyed by a letter dated December 22, 2020 from the NCC.

In a statement issued by the copyright society, it said, “with the renewal of MCSN’s approval or licence to operate as a CMO in addition to its being the largest owner, assignee and exclusive licensee of copyright in musical works and sound recordings within the provisions of the relevant sections of the Copyright Act 2004 as interpreted and affirmed by the Supreme Court of Nigeria, Nigerian creators of intellectual property and their counterparts around the world are full of expectations of great rewards for their creativity coming out of Nigeria.”

On its part, the NCC has given assurances that henceforth, it will give teeth to the provisions of the Copyright Act in the sphere of enforcement to ensure that anyone exploiting copyright protected works in any form prescribed by the laws is made to fully comply with the law by obtaining and paying adequate compensation for the exploited works or rights.

Reacting to the development, MCSN expressed its deep appreciation to John Ohi Asein, director general of the NCC, the governing board, management and entire staff of the commission for the grant of the renewal of its approval to operate as a CMO and the assurances given by the NCC for a transformed copyright landscape to create prosperity for owners and holders of copyright and other stakeholders.

“MCSN has thrown its doors wide open for all creators of musical works, sound recordings and other genres of copyright interests for a robust and harmonious engagement for the realisation of the greater goal of creating prosperity for all.

“MCSN assures everyone in the sector, both creators and users, that there would be a fair deal for all, while the issue of playing by the rule,” the statement said, adding, “there would no longer be room for playing one group or interest against the other as has been done in the past by certain users and holders of copyright works and interest.”

 


Kindly share this post
Continue Reading

News

Number of New Malicious Files Grew 5.2% a Day in 2020 – Report

Published

on

Kindly share this post

In 2020, Kaspersky detected a global average of 360 000 new malicious files each day, an increase of 5.2%, or 18 000 more, compared to the year before.

Trojan horse virus

According to the security giant, this was influenced largely by a significant growth in the number of Trojans and backdoors, with a 40.5% and 23% increase respectively.

These were the findings of the Kaspersky Security Bulletin: Statistics of the Year Report.

Adware declines

On the plus side, adware is on the decline globally, and this scourge experienced a 35% decrease when compared to the previous year. However, not all regions were so lucky, with some noting an increase. In SA, for example, by the end of October last year, the average adware notifications per user increased slightly to over 33 in comparison to 32 for the whole of 2019.

It was also expected that for the duration of 2020, more than 256 000 South Africans would have been hit with adware.

The vast majority of malware detected, nearly 90%, occurred via Windows PE files – a file format specific to Windows operating systems. Concurrently, the number of new malware related to Android operating systems dropped by 13.7%.

Capitalising on remote workers

Given that remote working and studying were the order of the day during the pandemic, most likely on computers and laptops, threat actors seem to have shifted their focus to these devices.

Kaspersky saw a 27% increase in the number of different scripts – sent via malicious e-mail campaigns or encountered on infected Web sites, which could, once again, reflect the fact that people spent more time on the Internet and cyber criminals hoped to capitalise on that.

Denis Staforkin, a security expert at Kaspersky, said the rise in the number of malicious objects detected during 2020 can be attributed to the pandemic, as users across the globe were forced to spend more time on their devices and online.

“It’s hard to know whether or not attackers were more active or our solutions detected more malicious files simply because of greater activity. It could be a combination of both.

“Either way, we have registered a noticeable increase in the number of new malicious files in 2020, and this will most likely continue in 2021 as employees continue to work from home and countries implement different restrictions. However, if users take basic security precautions, they can significantly lower their risk of encountering them,” he says.

Better than cure

In order to stay protected, Kaspersky recommends that users pay close attention to and don’t open any suspicious files or attachments received from unknown sources.

Also, the company advises to double-check the URL format and company name spelling before you download anything, to not download and install applications from untrusted sources, or click on any links received from unknown sources and suspicious online advertisements.

“Create strong and unique passwords, including a mix of lower-case and upper-case letters, numbers and punctuation, and activate two-factor authentication. Also, always install updates. Some of them may contain critical security issues fixes.”

Finally, Kaspersky counsels to ignore messages asking to disable security systems for office software or antivirus software, and to always use a robust security solution appropriate to the system type and devices.


Kindly share this post
Continue Reading

Trending