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Reps accuse Telco of tax evasion running into billions of naira

Reps accuse Telco of tax evasion running into billions of naira

The House of Representatives Public Accounts Committee (PAC) queried the Federal Inland Revenue Service (FIRS) for accepting Capital Allowances claims from taxpayers without issuing them Certificate of Acceptance from the Ministry of Industry, Trade and Investment in 2019.
This was contained in the 2019 Auditor-General of the Federation’s queries to Ministries, Departments, and Agencies (MDAs) of government.
Chairman of the Committee, Oluwole Oke (PDP, Osun) who presided over the hearing lamented the level of external borrowings by the federal government saying the committee’s probe of public funds was aimed at curtailing revenue leakages to boost government treasury.

READ ALSO: Senate demands full disclosure on $8.1bn MTN fine

The lawmakers raised the queries against the backdrop of tax evasion by telecom service provider, MTN whose current assets stands at N2.68 trillion in the country, yet does not have proof of Customs duty over the years

They decried the issuance of assets certificate by the Ministry of Industry, Trade, and Investment to the telecommunication firm without first evaluating their assets
Following the failure of MTN’s representative to tender relevant documents buttressing his position that the company is up-to-date, the committee resolved to write the Nigeria Customs Service (NCS) to furnish it with relevant documents including MTN Duty Permit so as to ascertain the total amount it owes government since 2001 to date.
Lizzy Chirkpi
Lizzy Chirkpi
Lizzy Chirkpi has a BA in French and is a senior reporter at OrderPaper. She has keen interest in photojournalism and video documentary. She's also a writer and author of a book, "Pourquoi Le Francais." She likes reading, traveling and watching movies.
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