Reps Panel Summons FIRS Chairman Over Alleged Tax Evasion By Oil Companies

The House of Representatives Ad hoc Committee Investigating the Structure and Accountability of Joint Venture Business and Production Sharing Contracts of Nigerian National Petroleum Corporation NNPC Ltd has summoned the Chairman of Federal Inland Revenue Service FIRS.

The Chairman of the service, Muhammad Nami, was summoned over alleged tax evasion by oil companies.

Abubakar Fulata made this known during the committee’s hearing in Abuja.

He said the non-remittance of appropriate taxes by the oil companies in Nigeria had serious adverse effects on the economy.

Nami is expected to appear before panel on November 21st.

The committee also expressed worry over the inability of FIRS to have  access to the Stock Certificate of Crude Oil.

The representatives of FIRS, a Director and Special Assistant were not permitted by members of the committee to make presentation as they insisted that only the chairman is expected to speak on behalf of FIRS.