AN EXAMINATION OF THE POWERS AND FUNCTIONS OF THE CHAIRMAN OF THE FEDERAL INLAND REVENUE SERVICE IN RELATION TO THE PRINCIPLE OF CORPORATE GOVERNANCE IN NIGERIA
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Date
2017
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DEPARTMENT OF PRIVATE AND BUSINESS LAW, FACULTY OF LAW, NASARAWA STATE UNIVERSITY, KEFFI
Abstract
Abstract
This paper examines how the enormous powers given to the executive Chairman Federal Inland Revenue Service under the Federal Inland Revenue Services (Establishment) Act, 2007 negate the workability of the principles of Corporate Governance in the activities of the service. In doing this, the paper appraises the jurisdictional bases as well as legal framework of a Corporate Governance in Nigeria. The paper further examines how section 11 of the Act which has direct bearing on the qualification and function of the Executive Chairman negates corporate governance principle and the danger such may pose to the administration of the service. The paper in the final analysis draw conclusion and make some practical recommendations that may aid the effective application of the principles of Corporate Governance in the Federation Inland Revenue Services of Nigeria.
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Journal of Private and Business Law 3 (1): 39-49