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Senate Probes Customs, FIRS Over N567bn Scam - PUNCH - Politics - Nairaland

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Senate Probes Customs, FIRS Over N567bn Scam - PUNCH by cccxxiii: 5:09am On Aug 28, 2015
The Senate on Thursday commenced investigation into the alleged unauthorised spending of N567bn being the cost of tax collected by the Nigerian Customs Service and the Federal Inland Revenue Service from January 2005 to July 2015.

A non-governmental organisation, Legislative Watch, dragged the two Federal Government agencies to the Senate through a petition that was sent to the Senate President, Bukola Saraki, on 13 August, 2015.

The Senate, thereafter, referred the petition to its Committee on Ethics, Privileges and Public Petitions.

A document from the Federal Ministry of Finance, presented to the committee by the petitioner, indicated that the average monthly collection cost of the NCS was N2.5bn which put the total amount not remitted by NCS for 126 months (January 2005 to July 2015) at N315bn.

Similarly, the document showed that the average monthly cost of collection of the FIRS was put at N2bn which put the total amount not remitted by FIRS over the same period at N252bn.

The two figures added together, put the cost of collection for both agencies at N567bn.

Defending the petition before the committee, the Executive Secretary of Legislative Watch, Ngozi Ihuoma, alleged that the amount represented the seven per cent cost of tax collection paid to the NCS and the four per cent also paid to the FIRS during the period.

The group alleged that the two agencies deducted the money from the amount collected on behalf of the Federal Government without appropriation by the National Assembly, contrary to the provisions of the constitution.

Specifically, Ihuoma claimed that the action of the agencies’ management was against sections 162 (3) and 165 of the Constitution.

He said the group explained that former President Olusegun Obasanjo, in 2004, approved the payment of seven per cent to the NCS and four per cent to the FIRS as cost of collection in line with Section 165 of the 1999 Constitution.

He said, “We have observed that deduction of the cost of collection started in January 2005 and the two agencies have been receiving the said percentages without appropriation from the National Assembly.”

http://www.punchng.com/news/senate-probes-customs-firs-over-n567bn-scam/
Re: Senate Probes Customs, FIRS Over N567bn Scam - PUNCH by powerfulsettingz: 5:13am On Aug 28, 2015
That same old story?? .
Re: Senate Probes Customs, FIRS Over N567bn Scam - PUNCH by madridguy(m): 5:14am On Aug 28, 2015
Ok
Re: Senate Probes Customs, FIRS Over N567bn Scam - PUNCH by jazinogold(m): 5:17am On Aug 28, 2015
probe and no one goes to jail!!! sad
Re: Senate Probes Customs, FIRS Over N567bn Scam - PUNCH by Smooyis(m): 5:24am On Aug 28, 2015
Vindictive probes with no results.
Re: Senate Probes Customs, FIRS Over N567bn Scam - PUNCH by VickJames(m): 6:20am On Aug 28, 2015
I love Nigerians, we don't steal millions anymore, its now stale.
We're gunning for trillions! Oh! I forgot, we are already there.
Re: Senate Probes Customs, FIRS Over N567bn Scam - PUNCH by Nobody: 6:30am On Aug 28, 2015
Every sector of Nigeria Govt is filled with corruption that the best antivirus in this world can't cure 1% of corruption in any sector. In the case of FIRS, corruption is simply out of this world in that sector.
Re: Senate Probes Customs, FIRS Over N567bn Scam - PUNCH by akpumping7720(m): 6:34am On Aug 28, 2015
CORRUPTION....... Destroying Africa since 1800.B.C
Re: Senate Probes Customs, FIRS Over N567bn Scam - PUNCH by omowolewa: 7:22am On Aug 28, 2015
Complimentary probe in predetermined way.

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