FEDERAL INLAND REVENUE SERVICE'S INFORMATION POWER VIS-A-VIS BANKS SECRECY REGULATIONS IN NIGERIA: A CRITIQUE
| dc.contributor.author | Olokooba S.M and AKINTOYE O.D | |
| dc.date.accessioned | 2024-06-25T18:45:49Z | |
| dc.date.available | 2024-06-25T18:45:49Z | |
| dc.date.issued | 2015 | |
| dc.description.abstract | The thrust of this paper is a critique of the Federal inland Revenue Service's right to classified information on bank customers' Via-a-vis bank secrecy regulations. in doings this, the paper examines different categories of Federal Inland Revenue Service's information and investigation powers, taxpayer's right to notices and the issues of professional privilege in banker/customer relationship. the paper critically examines, whether, seeking protection under the professional privilege could avail or protect the bankers just like the legal practitioner from divulging client information to FIRS. the finding of the paper reveals that, unlike the legal practitioners, the banker cannot avail himself this protection. however, in order to guarantee taxpayers right to notices, freedom of expression as well as right to privacy, apart from the amendment of section 26(2) Federal Inland Revenue Service Act and 47(5) Personal Income Tax Act, the paper also recommends that the taxpayer should be allowed to have access to a copy of the third party notice so as to know the information sought on them by FIRS and to be able to defend themselves. | |
| dc.identifier.citation | EKITI STATE UNIVERSITY, LAW JOURNAL, VOLUME 6, 2015 | |
| dc.identifier.issn | 1591-3921 | |
| dc.identifier.uri | https://kwasuspace.kwasu.edu.ng/handle/123456789/1426 | |
| dc.language.iso | en | |
| dc.publisher | EKITI STATE UNIVERSITY, AD0-EKITI | |
| dc.title | FEDERAL INLAND REVENUE SERVICE'S INFORMATION POWER VIS-A-VIS BANKS SECRECY REGULATIONS IN NIGERIA: A CRITIQUE | |
| dc.type | Article |