»Read Standard Version«
The Minister of information, Lai Mohammed made the revelation on Thursday during a press conference addressing the current administration’s fight against corruption.
Mohammed said N3,909,707,678,112.43 in VAT and N3,737,918,335,785.82 in Withholding Tax were detected after the Government deployed a plethora of tools to deal with the issue of corruption and money laundering, quoting the analysis of the Nigerian Financial Intelligence Unit (NFIU).
“The Buhari Administration has taken bold measures to streamline cumbersome bureaucratic processes in the implementation of government policies, check corrupt practices and ensure accountability in the implementation as well as delivery of these policies,” Mohammed said.
“For its part, the analysis by the Nigerian Financial Intelligence Unit (NFIU), in 2020-2021, revealed 96 financiers of terrorism in Nigeria, 424 associates/supporters of the financiers, involvement of about 123 companies and 33 bureaux de change, in addition to identifying 26 suspected bandits/kidnappers and 7 co-conspirators.
“The analysis has resulted in the arrest of 45 suspects who will soon face prosecution and seizure of assets.
“Also, from its analysis of tax evasion and tax avoidance linked to corruption, NFIU has identified N3,909,707,678,112.43 in VAT and N3,737,918,335,785.82 in Withholding Tax due to the Government. NFIU has also sent 1,165 intelligence reports on cases of corruption, money laundering and other serious offences to 27 domestic agencies for investigation, prosecution and asset recovery.
“On terrorism financing, NFIU had intelligence exchanges on Boko Haram, ISWAP, banditry, kidnapping and others with 19 countries. During the same period, 2020-2021, the organization returned fraudulently-obtained funds totalling US$103,722,102.83, 3,000 pound sterling; 7,695 Singapore dollar, and 1,091 euros to 11 countries of victims who came into the country.”
“The Buhari Administration has taken bold measures to streamline cumbersome bureaucratic processes in the implementation of government policies, check corrupt practices and ensure accountability in the implementation as well as delivery of these policies,” Mohammed said.
“For its part, the analysis by the Nigerian Financial Intelligence Unit (NFIU), in 2020-2021, revealed 96 financiers of terrorism in Nigeria, 424 associates/supporters of the financiers, involvement of about 123 companies and 33 bureaux de change, in addition to identifying 26 suspected bandits/kidnappers and 7 co-conspirators.
“The analysis has resulted in the arrest of 45 suspects who will soon face prosecution and seizure of assets.
“Also, from its analysis of tax evasion and tax avoidance linked to corruption, NFIU has identified N3,909,707,678,112.43 in VAT and N3,737,918,335,785.82 in Withholding Tax due to the Government. NFIU has also sent 1,165 intelligence reports on cases of corruption, money laundering and other serious offences to 27 domestic agencies for investigation, prosecution and asset recovery.
“On terrorism financing, NFIU had intelligence exchanges on Boko Haram, ISWAP, banditry, kidnapping and others with 19 countries. During the same period, 2020-2021, the organization returned fraudulently-obtained funds totalling US$103,722,102.83, 3,000 pound sterling; 7,695 Singapore dollar, and 1,091 euros to 11 countries of victims who came into the country.”
Related posts:
- Nigeria Football Federation Admits Unpaid Bonuses and Salaries: Coaches and Players Await ResolutionThis Is A Simplified Version (AMP)! For Latest Updates And Additions......
- SA detects 1 228 new COVID-19 infections, with eight deathsThis Is A Simplified Version (AMP)! For Latest Updates And Additions......
- Africa Detects First Polio Case In Five YearsThis Is A Simplified Version (AMP)! For Latest Updates And Additions......
- Starting today, Labcorp will begin testing for monkeypox using CDC’s orthopoxvirus test (which detects all non-smallpox related orthopoxviruses, including monkeypox)This Is A Simplified Version (AMP)! For Latest Updates And Additions......
- Russia detects 4,457 daily COVID-19 casesThis Is A Simplified Version (AMP)! For Latest Updates And Additions......
- China’s FAST telescope detects over 660 new pulsarsThis Is A Simplified Version (AMP)! For Latest Updates And Additions......
- CMA detects that the anticipated purchase of MBCC Group by Sika AG could lead to a loss of competition in the supply of chemical admixtures in the UK.This Is A Simplified Version (AMP)! For Latest Updates And Additions......
- Russia detects 11,515 new cases of COVID-19, highest number since mid-AprilThis Is A Simplified Version (AMP)! For Latest Updates And Additions......
- South Africa detects 318 new COVID-19 cases, bringing the total number of known infections to 4 004 201 since the outbreakThis Is A Simplified Version (AMP)! For Latest Updates And Additions......
- A chopper detects a missing family’s automobile in NSW’s outbackThis Is A Simplified Version (AMP)! For Latest Updates And Additions......