Business Latest

So, did Nigeria’s chief tax collector advance VP Osinbajo N90bn for 2019 polls? FIRS reacts

FG rakes in N311.94bn from VAT in three months

News around the office of Vice President Yemi Osinbajo appear not to be abating with recent claims by opposition politician, Timi Frank, alleging that the nation’s chief tax collector, Tunde Fowler, had advanced President Muhammadu Buhari’s deputy some N90billion in support of the 2019 general elections.

Given the weight of the allegations and the potential damage to the integrity of the administration, the Federal Inland Revenue Service on Monday hurried to debunk reports that it sponsored All Progressive Congress (APC) Presidential election with N90 billion.

In a statement by the Director, Communications, Mr Wahab Gbadamosi, the service said the claim by a former Deputy National Publicity Secretary of the APC, Mr Timi Frank, that it supported the APC, through Vice President Yemi Osinbajo, with N90bn was far from the truth.

The organisation urged members of the public to ignore the claims of the former  national publicity secretary of the APC, saying he was seeking for cheap publicity.

Read also: Three soldiers dismissed in Borno for Kidnapping, robbery

The FIRS explained that in the last four years since the Executive Chairman of FIRS, Mr Tunde Fowler supervised operations at the FIRS, the agency had not received up to N90bn per annum as cost of collection from the Federation Accounts Allocation Committee.

The service also stated that it was from the remittances from FAAC which had never grossed up to N100bn per annum that it paid salaries and emoluments and trained its over 8,000 members of staff, and managed over 150 offices.

Part of the statement read that “The FIRS operates on behalf of Nigerians. Taxpayers’ money, including the operational funds of the service, is sacred and we exercise extra care and diligence in expenditures, even after such funds must have been appropriated by the National Assembly.”

The Nigerian media has lately been awash with speculations that there are coordinated attempts to derobe Osinbajo and whittle down his authority and influence by political interests within the presidency.

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Join the conversation

Opinions

About the author

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Do NOT follow this link or you will be banned from the site!