Taxes deducted without evidence of remittance

Posted on
by OLUDOLAPO TUBI
  • Project Status: N/A

MDA

Nigerian Institute of Legislative and Democratic Studies

Project Location/State

N/A State

Award Year

2018

Contract Sum

₦₦0.00

Amount Paid

₦₦0.00

Unaccounted

₦₦577,634,638.20

Context/Observation

Audit observed that the sum of N577,634,638.20 was deducted from 26 transactions between 17th January, 2018 to 11th May, 2019, but with no evidence of remittance to the relevant tax authorities.

Contractor

N/A

Beneficial Ownership Information

N/A

Legislative Recommendation

The Director General is required to provide evidence of remittance of the sum of N577,634,638.20 to the Federal Inland Revenue Service (FIRS), failing which sanctions within FR 234 (ii) & (iii) should apply.

Executive Action

N/A

Progress Report

N/A

Data Source

2018 Audit Report of FG

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