BNW

B N W: Biafra Nigeria World News

EFCC Investigates CBN Officials, Bankers over Tax Fraud From Kunle Aderinokun in Abuja Federal Inland Revenue Service (FIRS) yesterday disclosed that the Economic and Financial Crimes Commission (EFCC) was investigating some officials of the Central Bank of Nigeria (CBN) and some other banks staff for failing to remit taxes collected through them to the service. Making this disclosure yesterday in Abuja at an interactive session between banks, other stakeholders and the Service, Chairman, FIRS, Ms. Ifueko Omoigui said some CBN officials were found to have connived with some fraudulent bankers to divert tax proceeds due to the FIRS. THISDAY gathered that some CBN officials had endorsed documents passed to them by some commercial banks indicating that tax proceeds collected by the banks have been transferred to the CBN. The sources pointed out that distressed Peak Merchant Bank, (which liquidation was suspended pending determination of a case in court) was said to have collected about N1.02 billion tax proceeds and failed to remit such to the CBN. While lamenting that no single individual or organisation has been convicted for tax related offences, Omoigui stated that the EFCC has been called in to investigate the scam and bring the offenders to justice, to set an example. She said that the EFCC has therefore assured the service that it was working on the case noting that enforcement of necessary sanctions on violators of tax laws was very important and vowed to pursue it vigorously. However, Omoigui disclosed that the FIRS would fully automate its operations and re-equip its staff to meet the challenges of the modern days. She said Nigerians have "have a civic responsibility to pay taxes" as required by law whether the money so realised are properly utilized or not. However she urged Nigerians to hold public office holders if they fail to account for the money so realised. In addition, she said the service would soon embark on reorganization owing to the discovery that some staff entered the service with fake employment letters. According to her, these categories of staff whom she described as "darbies" or ghost workers are been identified will be shown the way out. Who Are We ? | About THISDAYOnLine.com | THISDAY People | Contact Us © Copyright 2000 Leaders & Company Limited

	BNW News
Voice of Biafra | Biafra World | Biafra Online | Biafra Web | MASSOB | Biafra Forum | BLM | Biafra Consortium
	© 2001 BNW BiafraNigeriaWorld  Privacy Policy ---------------------------------------------------------------------------------- Powered by ACENetwork ----------------------------------------------------------------------------------
	Axiom PSI Yam Festival Series, Iri Ji Nd'Igbo the Kola-Nut Series,Nigeria Masterweb