Tax Evasion: ICPC Says Yar’adua Foundation, 29 Others To Lose Property Worth n4.8bn To FG - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 4
March 19, 2019
The IndependentCorrupt Practices and Other Related Offences Commission, ICPC has moved toseize plots of land and buildings valued at 4.8 billion naira from the ShehuYar’adua Foundation and 29 other firms.
The Commission’s Spokesperson Rasheedat Okoduwa in a statement in Abuja said that theproperties included 22.9 hectares of undeveloped land, one plaza, and a blockof six two-bedroom flats located in Wuse, Zone-1, Abuja.
The statement addedthat in the course of investigations, the alleged owners of the propertydisclaimed ownership.
It further said thatthe move to seize the property spread around Abuja follows a petition to theICPC by the Federal Inland Revenue Service FIRS accusing the companies ofdefaulting in tax payments to the tune of 288.2 million naira.
Okoduwa said thatsection 37 of the Corrupt Practices and Other Related Offences Act 2000empowered the commission to seize assets alleged to be subject of an offenceunder the law.� �U���