Auditor-General of the Federation, AGF, Mr Samuel Ukura has raised alarm over missing N400 billion from the Federal Inland Revenue Service, FIRS, which has not been accounted for.
He said the amount represent four per cent cost of non- oil tax collection between 2010 and 2015 which FIRS is entitled to a four per cent of non oil taxes it generates and the sum is disbursed to it every month at the Federation Accounts Allocation Committee, FAAC, where federation revenue is collated and distributed amongst the three tiers of government.
Auditor-General of the Federation has come up to say that it was yet to receive statement of account detailing how FIRS deployed the sum, in spite of repeated reminders.
FIRS , during the period under review, generated nearly N26 trillion out of which the non- oil components was around N10 trillion for which the tax agency was entitled to four per cent translating to about N400 billion.
Chairman, Senate committee on public account, senator Andy Uba, who revealed this Thursday in Abuja during an interaction between his committee and the new Executive Chairman of the FIRS , Mr. Tunde Fowler.
According to Uba : “ We are just coming from the Office of the Accountant – General of the Federation, OAGF, for a similar oversight function and while we were there, there is a question I asked the Accountant General, Alhaji Idris Ahmed about Ministries, Departments and Agencies,’ MDAs, compliance with accounts and he said it is on record that four per cent cost of collection enjoyed by the FIRS had not been included in the financial statement of FIRS since 2010 despite the Auditor General’s persistent queries.”
Fowler informed the committee that the FIRS management under his leadership had just commenced a comprehensive audit of the agency as well as other MDAs, including banks with a view to ascertaining if all the taxes due to the government had been duly remitted to government’s account.
According to him, “We also wrote them in September that if there are any amounts unapplied, because sometimes tax payers pay them and quote the wrong account number and it goes into suspense account and so we have told them, to remit any amount unapplied that belongs to the federal government directly to our account.”
A breakdown of the about N26 trillion tax revenue generated by the agency within the period 2010 to 2015 indicated that that it generated a sum of N2.839 trillion in the year 2010; another sum of N4.61 trillion in 2011 out of which non-oil constituted the sum of N1.40 trillion; in 2012, the sum of N5.07 trillion was generated, out which the non oil component contributed the sum of N1.792 trillion.
In 2013, a cumulative sum of N4.805 trillion was generated with non- oil contributing N2.096 trillion while the balance was from oil mineral taxes. The following year, total collection was N4.715 trillion, out of which non oil yielded they sum of N2.096 trillion.
Also, in 2015 , taxes fetched the sum of N3.743 trillion out of which the sum of N2.059 trillion was contributed by non -oil taxes.

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  • Benny agafa

    O God, when will this corruption issue end, from parastatal to another. We need your help O lord, we can’t do it on our own.