• Home
  • About
  • Blog
  • Advertise
  • Contact
No Result
View All Result
Ideasgist
NEWSLETTER
Advert for @ideasbeams
  • Home
  • MediaHot
  • TechnologyNew
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • Sport
    • Football
  • NewsTrending
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Media
  • Lifestyle
    • Fashion
    • Health
    • Relationship
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job
  • Home
  • MediaHot
  • TechnologyNew
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • Sport
    • Football
  • NewsTrending
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Media
  • Lifestyle
    • Fashion
    • Health
    • Relationship
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job
No Result
View All Result
Ideasgist
No Result
View All Result
  • Home
  • Media
  • Technology
  • Education
  • Sport
  • News
  • Entertainment
  • Lifestyle
  • More Topics
Ideasgist Advert Ideasgist Advert Ideasgist Advert
ADVERTISEMENT
Home Business

Tax Evasion: Reps Summon Trade Ministry, Over MTN ₦2.6trn Naira Waiver

by Oluwaseyi Olaniyi
April 27, 2022
in Business
Reading Time: 2 mins read
A A
House Of Reps To Legalise Use, Sale Of Cannabis In Nigeria

Nigeria’s House of Representatives Committee on Public Accounts has vowed to ensure that the 2.6 trillion naira capital allowances granted to MTN Nigeria by the Federal Ministry of Trade and Industry is properly accounted for.

Chairman of the Committee, Oluwole Oke while speaking on Tuesday at the resumed investigative hearing into the audit queries issued by the Auditor General of the Federation on tax evasion disclosed that documents relating to the 2.6 trillion naira capital allowances were allegedly forged.

The Committee explained that the invitation extended to MTN over the tax evasion allegations were ignored stressing that the Auditor General’s report indicated that the Federal Inland Revenue Service gave value to some of the telecommunications company dealings without certificates and evidence of capital allowance meant to be issued by the Federal Ministry of Trade and Industry.

The Committee’s Chairman maintained that Nigerians are entitled to know the implications of MTN taking a 2.6 trillion naira tax waivers certificate at the detriment of the country’s economy.

AlsoRead:

McDonald’s To Sell Its Russian Business For $1.4 Billion To Local Buyer

Twitter Deal ‘Temporarily On Hold’, Says Elon Musk

Investors Rally Shares Of MTNN, DANGCEM As NGX ASI Crosses 52,000 Points

General Manager, MTN group, Yemisi Adeleye who represented the telecommunications company at the hearing explained that it has submitted all relevant documents issued by the Federal Ministry of Trade and Industry reflecting the value of 2.6 trillion naira tax waiver.

Adeleye further explained that the Federal Ministry of Trade and Industry and the Federal Inland Revenue Service granted the allowances using various supporting documents.

The Committee disagreed with the company’s presentation and vowed to ascertain if the involvement of some Ministry officials were professional and patriotic stressing that the parliament cannot allow abuse of the country’s laws by people whose salaries and allowances were appropriated to prevent such loopholes.

The committee requested all officials involved in the transaction from the Federal Ministry of Trade and Industry and the Federal Inland Revenue Service to appear before it with inspection details and records of tax covering the periods under review from both MTN and FIRS for further legislative action.


Like us on Facebook. Follow us Twitter and Instagram. Subscribe to our YouTube Channel. Join our WhatsApp Group and Telegram Channel. Read more on Latest News, Tech News, Media and lot more.

SUBSCRIBE TO OUR NEWSLETTER





Tags: House of RepresentativemtnTax EvasionTrade Ministry
ShareTweetSendShare
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
ADVERTISEMENT
Oluwaseyi Olaniyi

Oluwaseyi Olaniyi

Related Posts

Investors Rally Shares Of MTNN, GUINNESS, Others As NGX Gains N383 Billion
Business

Investors Rally Shares Of MTNN, GUINNESS, Others As NGX Gains N383 Billion

May 5, 2022
House Of Reps To Legalise Use, Sale Of Cannabis In Nigeria
News

House of Representatives Okay Establishment of Development Commissions For South-East, South-West

October 12, 2021
NCC To Fine Telcos N200,000 For Each Unverified Subscriber NIN
Tech

NCC To Fine Telcos N200,000 For Each Unverified Subscriber NIN

September 7, 2021
President Buhari Asks MTN To Reduce Data Prices For Nigerians
News

President Buhari Asks MTN To Reduce Data Prices For Nigerians

June 18, 2021
Nike, Dangote, MTN, DSTV And GTBank Ranked The Most Admired Brands In Africa
Business

Nike, Dangote, MTN, DSTV And GTBank Ranked The Most Admired Brands In Africa

May 31, 2021
FG Approves Establishment of SIM Swap Centres Across LGAs All Over the Country
Telecom

NCC Fines Glo, Airtel, MTN N78.5 Million for SIM Infractions

April 27, 2021
Load More
  • Trending
  • Comments
  • Latest
2023: Peter Obi Declares Intention To Run For President

With The Right Leadership, ‘Yahoo Boys’ Can Make Nigeria Lead the World In Tech – Peter Obi

May 17, 2022
7 Applications To Catch A Cheating Spouse

7 Applications To Catch A Cheating Spouse

May 15, 2022
SSANU, NASU Begin Strike, Cripple Activities In UNILAG

Strike: University Unions To Consider Religious Body’s Appeal To Resume Work – Official

May 14, 2022
mapoly

Does Mapoly accept second choice?

August 17, 2019 - Updated on December 13, 2020
Gionee G13 Pro Price In Nigeria, Full Speculation

Gionee G13 Pro Price In Nigeria, Full Speculation

February 4, 2022
Sports Ministry Okays Peseiro For Super Eagles Top Job

Sports Ministry Okays Peseiro For Super Eagles Top Job

May 13, 2022
“I Was Raped Five Times” – Nollywood Actress, Iyabo Ojo Recalls Sexual Violence

Iyabo Ojo Explains Why She Feature On Showmax’s ‘Real Housewives of Lagos’

May 15, 2022
Courses Offered by Lagos State University of Science and Technology (LASUSTECH)

Courses Offered by Lagos State University of Science and Technology (LASUSTECH)

March 22, 2022
How To Reprint JAMB UTME Slip 2022 And Print JAMB Slip

JAMB Releases 2022 UTME Results

May 14, 2022
How To Reprint JAMB UTME Slip 2022 And Print JAMB Slip

JAMB Refutes Error In Its Scoring System, Reacts To Plans To Organize Another UTME

May 18, 2022
Unical Law Lecturer Caught in Exam Malpractice During Bar Finals

Unical Law Lecturer Caught in Exam Malpractice During Bar Finals

May 19, 2022
NANS Threatens To Shut Down All International Airports Over Prolonged Lecturers, ASUU’s Strike

NANS Threatens To Shut Down All International Airports Over Prolonged Lecturers, ASUU’s Strike

May 19, 2022
“My God Is Bigger Than Your Devil” – Erica Reacts To Video Of People Celebrating When She Got Evicted From The #BBNaija House

Nigeria Is Not Worth Dying Over, Let Another Country Be Your Plan B – BBNaija’s Erica Nlewedim

May 19, 2022
A Man That Calls You Every Time Is Jobless, That’s Not Love – Nigerian Pastor

A Man That Calls You Every Time Is Jobless, That’s Not Love – Nigerian Pastor

May 18, 2022
Russia Bans British Airlines From Its Airspace

NCAA Warns Pilots, Airline Operators Over Hazardous Rainy Season

May 18, 2022
U.S Launches $45 Billion “Internet For All”

U.S Launches $45 Billion “Internet For All”

May 18, 2022
Itel Releases P38 Series With 18W Fast Charge

Itel Releases P38 Series With 18W Fast Charge

May 18, 2022
How To Reprint JAMB UTME Slip 2022 And Print JAMB Slip

JAMB Refutes Error In Its Scoring System, Reacts To Plans To Organize Another UTME

May 18, 2022
Netflix Loses A Quarter Of Its Value After Reporting A Shocking Figure For The First Quarter

Netflix Sacks 150 Employees Amidst Slowing Revenue

May 18, 2022
Fans Criticizing My Music Want Me To Cook – BBNaija Star, Whitemoney Speaks

Fans Criticizing My Music Want Me To Cook – BBNaija Star, Whitemoney Speaks

May 18, 2022
Facebook Instagram Twitter Youtube TikTok Telegram

An online media website for latest news and updates in Technology, Business, Education, Sports, Politics, Entertainment, Health, Fashion...and many more.

About

  • Advertise
  • Contact
  • Newsletter

Quick Links

  • Privacy
  • Terms of Use
  • DMCA

2021 Ideasgist ™ | All rights reserved.
A trademarks of Ideasbeams Int'l.

No Result
View All Result
  • Home
  • Media
  • Technology
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • Sport
    • Football
  • News
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Media
  • Lifestyle
    • Fashion
    • Health
    • Relationship
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job

2021 Ideasgist ™ | All rights reserved.
A trademarks of Ideasbeams Int'l.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?