Executive Order No. 8 of 2018: Offshore Taxation of Nigerian Citizens by Gideon Okebu

President Muhammadu Buhari signed Executive Order No. 8 of 2018 on Monday, October 8, 2018. The Executive Order is intended to reduce money laundering and tax evasion among Nigerian citizens. The order provides a way for citizens to report offshore property and income to the government if they have failed to report all the assets or have defaulted on paying past taxes on the assets. In this article, Gideon Okebu examines the Executive Order and explains it in simple terms.

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