Connect with us

News

Reps query FIRS over audited accounts

Published

on

FIRS boss reveals how multinationals cheat Nigeria of N3.7tn annually

The House of Representatives Committee on Public Account on Thursday queried the Executive Chairman of the Federal Inland Revenue Service (FIRS), Alhaji Mohammed Nami, over non-submission of the agency audited accounts.

The Committee described the FIRS action as gross misconduct which would not be tolerated.

However, Nami appeared before the Committee headed by Oluwole Oke and pleaded for leniency, saying he only assumed office last December.

The Committee had instructed the agency to present the account from 2014 till date to the Auditor-General of the Federation.

During Thursday’s exercise, the Committee chairman expressed surprise that FIRS does not have audited accounts.

He said: “This is very strange, if the FIRS cannot produce an up to date audited accounts of its operations, how does it want the Executive arm of the government to prepare the Medium Time Expenditure Framework (MTEF) to the legislature to determine the annual financial budget?

READ ALSO: You can’t end begging without tackling poverty and illiteracy, Shehu Sani reacts to Sanusi’s comment on beggars

“Funny enough, the officials of the same agency will be seen moving around to seal off premises of business outfits over non- payment of their taxes

“We are aware that the Executive Chairman of the Agency assumed office in December last year but that should not an excuse for the agency not to have an up to date audited accounts for accountability.”

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

If you are motivated and passionate about building a global society, founded on justice, equity, fairness, transparency, accountability and superior knowledge, kindly consider donating to Ripples Nigeria’s solutions journalism.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Investigations