Tax evasion: ICPC, NASS probe construction firm, 114 others
Senators and members of the House of Representatives under the auspices of Anti-Money Laundering and Cyber Security Coalition (AMLCSC) are working with the Independent Corrupt Practices and other related offences Commission (ICPC), to prosecute about 115 tax offenders.
The Chairman of the Senate Committee on Pensions, Senator Aloysius Etok, said at a press briefing that the Senate in the course of investigations found that about “50 contracting firms working with Federal Ministry of Works operate with forged tax certificates.”
He said companies that might come under the hammer of the National Assembly for tax evasion amounting to billions of naira, included Arab Contractors, a road construction firm, Septa Energy, Tower Aluminum, B. Stabilini and 112 others.
Etok disclosed that the National Assembly was pushing for the prosecution of companies with high rate of casualised workers and fraudulent expatriate quota practices by foreign construction and some oil and gas companies in the country.
According to the senator, if this trend of tax evasion continues agencies like Universal Basic Education Commission (UBEC), Tertiary Education Trust Fund (TETFUND), Niger Delta Development Commission (NDDC), would fold up, as according to him, the agencies depended on taxes for survival.
