The Executive Chairman of the Federal Inland Revenue Service, Muhammad Nani was summoned by the House of Representatives’ Ad Hoc Committee.
This is just as the committee asked the FIRS to provide all tax records and other relevant documents on all the JVs and PSCs of the Nigerian National Petroleum Corporation (now Nigerian National Petroleum Company Limited) from 1990 to date.
Two officials, Ogunyemilusi Gabriel and Bello Rasheed appeared before the committee at the continued investigative hearing in Abuja on Tuesday, while various oil companies invited by the panel failed to show up.
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The FIRS’ representatives told the lawmakers that the relevant tax documents demanded by the committee had been submitted, though they covered only 2015 to 2021.
The documents demanded by the committee include the summary of petroleum profit tax; copies of tax returns filed by all JV ventures from 1990 to 2022; summary of all remittances to federation account of all tax revenues between 1990 to 2022; copies of correspondence between NNPC and FIRS tax remittances; summary of all remittances to federation account of all tax revenues between 1990 to 2022; and certified true copies of the various tax revenues accounts maintained or supervised by FIRS on behalf of the federation.
A member of the House, Benjamin Kalu, however, decried that the archiving policy was restricting the mandate of the committee.
“It is restricting. I say so because if you look at the request from the letter, which is from 1990, and you are starting at 2015 based on the policy, we are losing about 25 years of inquiry.
“They must present this number of years wherever the documents are. We need those documents for us to conduct a thorough investigation. Let no excuse be given,” he said.