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MTN Nigeria, FIRS under probe over alleged N2.6trn tax evasion, abuse of power


MTN Nigeria is under investigation by the House of Representatives Committee on Public Accounts following a N2.6 trillion tax waiver granted it by the Federal Ministry of Trade and Industry.

During its investigative hearing on Tuesday, the committee, led by Oluwole Oke, stated that the documents used to back the waiver was allegedly forged, which could have an implication on Nigeria’s economy.

It was also asserted that the certificates, which stand as evidence of the waiver, following valuation of MTN dealings by the Federal Inland Revenue Service (FIRS), were not issued by the Service.

Read also: MTN Nigeria raises N127bn via commercial paper

The investigation had commenced following audit queries issued by the Auditor General of the Federation on tax evasion. During the hearing, General Manager, MTN group, Yemisi Adeleye, said the Trade Ministry and FIRS used various documents to support the N2.6 trillion tax waiver.

While she provided documents to defend the capital allowance, the House committee disagreed with her submission, stressing that it would probe the role of abuse of power in the tax waiver by the Trade Ministry and FIRS.

The officials of the Federal Ministry of Trade and Industry, as well as the FIRS, have been summoned to face the Committee on Public Accounts, and provide details of the waiver process.

The post MTN Nigeria, FIRS under probe over alleged N2.6trn tax evasion, abuse of power appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.


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47 CommentsDrop a Comment
  1. Ricob23

    - Apr 30, 2022 at 12:28 pm

    And we running small businesses, they want to kill us with tax, while the bigger boys are doing tax avoidance

    Reply
  2. Yusuff993

    - Apr 29, 2022 at 3:20 am

    motivated

    Reply
  3. Dylan Rooney

    - Apr 29, 2022 at 1:14 am

    View

    Reply
  4. Pharexzy

    - Apr 29, 2022 at 12:36 am

    Unbelievable

    Reply
  5. UMOAKPAN

    - Apr 28, 2022 at 8:58 pm

    MTN paid your tax

    Reply
  6. UMOAKPAN

    - Apr 28, 2022 at 8:52 pm

    Good for biz

    Reply
  7. Anaebo chinenye vivian

    - Apr 28, 2022 at 1:19 pm

    OkD

    Reply
  8. Presido78

    - Apr 28, 2022 at 8:49 am

    thats interesting

    Reply
  9. Suarexe

    - Apr 27, 2022 at 10:53 pm

    May God help this Nation

    Reply
  10. Queendy3158

    - Apr 27, 2022 at 9:13 pm

    Noted

    Reply
  11. faithful

    - Apr 27, 2022 at 8:42 pm

    Alright

    Reply
  12. Kukswilliams

    - Apr 27, 2022 at 6:30 pm

    Good

    Reply
  13. Emmyshem

    - Apr 27, 2022 at 4:56 pm

    Correct

    Reply
  14. Babatunde samson

    - Apr 27, 2022 at 4:08 pm

    Hmm

    Reply
  15. Mubaraklag

    - Apr 27, 2022 at 2:23 pm

    Why now

    Reply
  16. afeezhamzat

    - Apr 27, 2022 at 1:56 pm

    Why you still dey do that

    Reply

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