Taxation’s role in an economy cannot be over-emphasized. For starters, taxation is a major source of revenue for funding national development and providing public goods. It therefore stands to reason that our inability to mobilize sufficient tax revenue has dire consequences for the economic fortunes of the country. Inadequate tax revenue means less investment in...
Category: Opinions and Articles
Home
Opinions and Articles
Post
October 5, 2017July 24, 2025Company Law, Corporate Governance, Opinions and Articles
Did The Minister for Finance Flout Corporate and Banking Rules for Political Interests?
The Minority in Parliament on 5 September 2017 gave a press release with respect to an approval given by the Minister of Finance (“Minister”) concerning a credit facility taken by McDan Shipping Company (“McDan”) from the Agricultural Development Bank (“Bank”). According to the government, the Bank (through its Managing Director) sought the approval from the...