N90bn Revenue Underpayment: FAAC Set for probe
The Federation Account Allocation Committee has affirmed commitment to probe the N90bn allegedly underpaid into the Federation Account by the Federal Inland Revenue Service.
Disclosing this to journalists in Abuja Sunday, the Chairman, Commissioners’ Forum of FAAC, Mahmood Yunusa, alleged that the amount, which the FIRS paid into the Federation Account in May, showed a decline of about N90bn, adding that the committee would engage the service to investigate the reasons for the underpayment.
According to him, “If you look at the FAAC report, there was a sharp drop in FIRS’ May and June collections, but there was no opportunity for us to actually engage the FIRS for them to explain to us why there was a sharp drop.
“I can’t remember vividly but the drop was about N90bn. So, the FIRS also needs to tell us why the sharp drop.
“If they think they are not being sweated too, we will sweat them up because you cannot adopt a kind of armchair work in which you just sit in your office and what comes you take it and what doesn’t get to you, you don’t care to pursue it, no.”
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