President Muhammadu Buhari on Monday approved the exit of Babatunde Fowler as the chairman of the Federal Inland Revenue Service.
Mr Fowler’s tenure as FIRS chairman expired Monday and the president could have appointed him for a second term in office.
Instead, Mr Buhari asked him to hand over to the most senior director in the outgoing board of the revenue agency.
Mr Buhari also named Muhammad Nami, a tax consultant, as the new chairman of the tax commission.
In a statement by his spokesperson, Garba Shehu, Mr Buhari also announced the constitution of a new board for the FIRS.
Read the full statement by Mr Shehu announcing the changes below.
President Muhammadu Buhari has approved the composition of a new board for the Federal Inland Revenue Service, FIRS, subject to Senate confirmation.
The President nominated a renowned tax consultant, Muhammad M. Nami as the new chairman.
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.
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.