The Federal Government is further investigating the unremitted Value Added Tax deductions to Federal Inland Revenue Service by the Nigerian Ports Authority under the leadership of the suspended NPA Managing Director, Hadiza Bala-Usman.
It was gathered on Saturday that the NPA during the tenure of Bala-Usman failed to remit VAT deductions running into billions of naira and in foreign currency denominations to the FIRS.
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“There are unremitted deductions to FIRS that include N3,667,750,470; $148,845,745.04; €4,891,449.50; and £252,682.14,” an impeccable source at the Federal Ministry of Transportation, who spoke on condition of anonymity due to the nature of the matter, stated.
President General Muhammadu Buhari was probing the alleged non-remittance of N165.32bn operating surplus by the Nigerian Ports Authority.
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The report stated that this might not be unconnected to the recent suspension of the ports authority’s boss, Hadiza Bala-Usman.
Transportation ministry sources stated on Saturday that the NPA was also being investigated for contravening the policies of government with respect to the implementation of Corporate Social Responsibility.
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