Fowler’s tenure expired
today 9 December, but a statement by the Presidency said he is expected to hand
over to the most senior director on the board, who will take charge, pending
the Senate confirmation of the new board.
President Muhammadu Buhari
has declined to renew the appointment of Babatunde Fowler as the chairman of
the Federal Inland Revenue Service(FIRS). Instead, he named a new person,
Muhammad M. Nami, as Fowler’s successor.
Muhammad M. Nami’s
nomination was conveyed in a letter Buhari sent to the Senate, on the
composition of a new board for the revenue agency.
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 Nami, according
to the statement by Aso Rock, is “a well-trained Tax, Accounting and Management
professional with highly rated qualifications and professional practice and
licenses from relevant professional bodies”.
He 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 organisations.
Nami attended Bayero
University Kano and Ahmadu Bello University, Zaria where he obtained a
Bachelor’s Degree in Sociology (1991) and a Masters of Business degree (2004)
respectively. He is a fellow of Chartered Institute of Taxation of Nigeria,
Institute of Debt Recovery Practitioners of Nigeria and Associate Member of
Nigerian Institute of Management (Chartered) and Association of National
Accountants of Nigeria.
He started his career with
PFK in 1993 and rose to the position of a Senior Consultant in charge of Tax
management and advisory services. He is currently the managing consultant of
Manam Professional Services (Chartered Tax Practitioners and Business Advisers)
based in Kaduna, Abuja, Niger State.
Mr Muhammad has served and
is still serving, on many companies’ Board and Statutory Board Audit
Committees. He was appointed as a member, Presidential Committee on Audit of
Recovered Stolen Assets in November 2017 by President Buhari.
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