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...For a better society... Wednesday, September 01 2004 Vol 17 No.30 News Editorial Politics Opinion Features Foreign News The Arts Sports Education Business Money/Market Travels/Tourism Property/Environment Columnists Banks collude with CBN to defraud FG-- FIRS boss DAVID AGBA, Abuja NEW Chairman of Federal Inland Revenue Service (FIRS), Ms Ifueko Omoigui, yesterday roused the hornet’s nest alleging that some bank chief executives collude with Central Bank of Nigeria (CBN) officials to steal billions of naira from public funds. She made the allegation at a stakeholders’ forum organised for banks and other allied institutions by the FIRS in Abuja. The FIRS boss said some greedy and unpatriotic bank chief executives connived with some CBN officials and collect huge sums of money on behalf of government while such amounts will not be remitted into the nation’s account. Ms Omoigui said the bank syndicate, after collecting billions of naira government money, will then go to the CBN officials to stamp the documents which are designed to show that such amount had been remitted. According to her, such included tax running into about N1.028 billion. The FIRS boss further alleged that CBN officials knowing full well that these banks never remit such funds, still stamped the documents for mutual self benefit. She named a particular distressed bank as one of those that had ripped the nation of billions of naira even though the bank still went under. Omoigui said the bank was never authorised to collect tax for government, adding that the bank unilaterally took the action without due permission from the relevant authorities. She said if such money was remitted, the FIRS would not suffer acute shortage of funds as it were, warning that, henceforth, no bank or the CBN would have the opportunity to defraud government even as an automation system to check fraud will soon be introduced by the service. Ms Omoigui lamented that so far nothing has been done to prosecute culprits nabbed on account of such fraud but hinted that FIRS was now collaborating with the Economic and Financial Crimes Commission (EFCC) in a bid to prosecute offenders. Deputy Director (Corporate Affairs) of the CBN, Mr. Tony Ede, confirmed that the said bank was involved in the case. Mr. Ede stated that the CBN’s officials fingered in the shady deals had since been handed over to the EFCC for prosecution. � 2004 @ Champion Newspapers Limited (All Right Reserved). Powered By dnetsystems.net dnet�

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