Hearty Cheers to the ‘Giant of Africa’ at 59. Why again are we called the giant of Africa? Is it because of our great achievements such as having the largest economy in Africa with a GDP of about $380billion or because of our enormous population of about 201 million with over 250 ethnic groups or because we are the one of the largest oil- producing nations? I’d leave that for you to decide.

Introduction:
The recent revenue drive arising from fall in oil prices and the need to diversify Nigeria’s revenue away from oil to non-oil sources, such as taxation, has led to increase in the frequency of tax audits and investigations conducted by both the Federal Inland Revenue Service (FIRS) and the State(s) Boards of Internal Revenue (SBIR).