FIRS opens up on allegations that it gave VP Osinbajo N90B to fund elections

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The Federal Inland Profits Assistance (FIRS) has in strong phrases denied allegations it supplied the Vice President, Yemi Osinbajo and the ruling All Progressives Congress (APC) with N90bn to finance the February 23 presidential elections campaign.

Newswatch.ng remembers that a critic of the APC, Timi Frank, had alleged that Osinbajo’s phantom issues with the presidency began when it was uncovered he mismanaged the N90bn presented him for elections intent by the profits agency.

The FIRS through a statement produced by its director of info, Wahab Gbadamosi reacting to the former deputy spokesman of the ruling APC said: “The complete allegation becoming distribute by one Frank Timi  that the Federal lnland Revenue Company used N90 billion to fund the last election is mendacious, wicked, destructive and a calculated try to smear the graphic of the Assistance and that of his Excellency, the Vice President, Prof. Yemi Osinbajo,” the assertion study.

“In the last 4 several years since Mr Tunde Fowler has supervised operations at the FIRS, the agency experienced not gained up to N90 billion, for each annum, as Charge of Collection from the Federation Accounts Allocation Committee, FAAC. Mr. Frank and his band of liars might would like to cross-test this from FAAC, a community establishment, whose records are open to the community.

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“It is from the remittances from FAAC—which experienced never ever grossed up to N100 billion, For each ANNUM, that FIRS pays the income and emoluments and trains it’s in excess of 8,000 team, runs over 150 places of work and provides for other needs of the Assistance.

“Given the above, IT IS NOT PLAUSIBLE nor DOES IT MAKE ANY SENSE that FIRS will commit its assets to a phantom marketing campaign of N90 billion as suggested by Mr Timi Frank and FIRS does not fund political associations. The company is matter to the eagle eye scrutiny, supervision and shut monitoring by the National Assembly, the Federation  Account Allocation Committee and the Ministry of Finance through the Business of the Accountant Normal of the Federation, OAGF” . 

FIRS accused Frank as trying to get inexpensive reputation. The agency vowed to institute lawful proceedings against Frank if he fails to tender an apology in three key newspapers in the following 24 hours.

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