“FIRS, NNPC failed to remit petroleum profit tax for years” – Senator Wadada

Nasarawa West Senator Aliyu Wadada has said the Public Accounts Committee, which he chairs, sent several invitations to the Federal Inland Revenue Service (FIRS) and Nigerian National Petroleum Company Limited (NNPCL) on the remittance of petroleum tax, but that the agencies refused to make satisfactory clarifications.

Mr Wadada noted that the FIRS, in collaboration with the NNPCL, failed to remit petroleum profit tax to the federation account for several years.

“Federal Inland Revenue Service in collaboration with NNPC, petroleum profit tax for several years have not been remitted to the right quarters.

“The committee had written both NNPC and the Federal Inland Revenue Service. Federal Inland Revenue Service responded with documents that have been tipex and handwritten and acclaimed to be from JP Morgan. This is extremely unacceptable, and all efforts for the need to be done have not been achieved,” he said.

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