Senate summons CBN, FIRS again over $21.3bn foreign tax

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Senate summons CBN, FIRS again over $21.3bn foreign tax
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The Senate Public Accounts Committee has issued fresh summons to the management of both the Central Bank of Nigeria and the Federal Inland Revenue Service.

The Chairman of SPAC, Senator Matthew Urhoghide, disclosed this in an exclusive interview with our correspondent in Abuja on Saturday.

Quoting the audit query, Urhoghide said while the FIRS recorded $21.3bn as the total foreign tax collected by it in 2015 and domiciled in the apex bank, the CBN, on the other hand, recorded $18bn. He said, “Based on the report before us from the Auditor- General for the Federation, there is a huge difference between the account of the FIRS and that of the CBN.

“It is almost half of the money we are talking about; we then asked them to bring the necessary documents that must tell us the exact amount collected in foreign currency, the exact period the money came in and the approved exchange rate at that time.

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