Mkpoikana Udoma Port Harcourt — Rivers State Governor, Nyesom Ezenwo Wike on Wednesday threatened to shutdown oil companies, banks and…
Browsing: Federal Inland Revenue Service
OpeOluwani Akintayo Lagos — The Department of Petroleum Resources, DPR, received the sum of N6.66 billion from the Federation Account Allocation…
OpeOluwani Akintayo Lagos — The Department of Petroleum Resources, DPR received N3 billion from the Federation Account Allocation Committee, FAAC…
…N9bn for development of natural resources OpeOluwani Akintayo 23 January 2019, News Wires — The Department of Petroleum Resources, DPR, received…
Dankwambo, who chaired NEC ad hoc committee on remittances, said the infractions were identified by KPMG that was contracted to carry out a forensic audit of revenue remittances to the Federation Accounts.
The report further showed that from January to December, 2017, NNPC remitted a total of N857.36bn into the Federation Account, N644.05bn for Joint Venture financing, and N19 billion to the Federal Government for debt repayment.
She said Nigerians who had sought haven abroad were in for a tough time as the Federal Government had commenced the sharing of information on Nigerians who owned property and bank accounts overseas.
“Nigeria has decided to do Automatic Exchange of Tax Information and use exchange of information to investigate cases and fight tax evasion. So the discussion today is how the global Forum can support Nigeria’s efforts in achieving the goals and in fighting tax evasion.”
“Desirous of the need to do a thorough job on the assignments with a view to getting all the material facts surrounding the matter”, the committee had no option than to request for additional time to accomplish its work.
Isa-Dutse attributed the decline to the decrease in revenue from export sales of $42.94 million due to a decrease in crude oil production by 1.25 million barrels.