Audit observed that:
i. The sum of 72,057,150.00 (Seventy two million, and fifty seven thousand, one hundred and fifty naira) was paid to contractors for supply of diesel.
ii. Value Added Tax (VAT) amounting to 3,751,770.00 (Three million, seven hundred and fifty one thousand, seven hundred and seventy naira) and Withholding Tax (WHT) amounting to 413,820.00 (Four hundred and thirteen thousand, eight hundred and twenty naira) were not deducted from the payments to contractors,
iii. 1% Stamp Duty was not deducted from one hundred (100) payment vouchers with a contract sum of 871,758,647.18 (Eight hundred and seventy-one million, seven hundred and fifty eight thousand, six hundred and forty seven naira, eighteen kobo) resulting to overpayment to contractors of N8,717,586.47 (Eight million, seven hundred and seventeen thousand, five hundred and eighty-six naira, forty seven kobo) for Stamp Duty (= 100 x N871,758,647.18), and
iv. The totality of non deduction of statutory taxes was 12,883,176.47 (=3,751,770.00 + 413,820.00 + 8,717,586.47)
The Director General is requested to:
i. Provide reasons why statutory taxes were not deducted from payment to contractors as required by extant regulations.
ii. Remit the sum of 12,883,176.47 (Twelve million, eight hundred and eighty three thousand, one hundred and seventy-six naira, forty-seven kobo) to appropriate tax authorities.
iii. Forward evidence of remittance particulars to the Public Accounts Committees of the National Assembly, and
iv. Otherwise, apply sanctions relating to failure to collect and account for Government Revenue specified in paragraph 3112 of the Financial Regulations.
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