Commission grills NIPC officials
Three ex-ministers, Customs chiefs for questioning
How did 20 oil companies get $4.5 million tax holidays to which they are not entitled?
This is the puzzle the Economic and Financial Crimes Commission (EFCC) is battling to resolve.
Helping the EFCC are some officials of the Nigerian Investment Promotion Commission (NIPC) and the Federal Ministry of Industry, Trade and Investment.
The Ministries of Petroleum Resources and Solid Minerals and the Nigerian Customs Service may also be probed for questionable tax waivers, it was learnt yesterday.
A former Special Assistant to an ex-minister has been interrogated by the anti-graft agency.
Besides, three former ministers and some officials of the Nigerian Customs Service (NCS) are likely to be interrogated by the anti-graft agency.
The tax holidays were given to the oil firms during the administration of former President Goodluck Jonathan.
It was gathered that about 20 local oil companies benefited from the bonanza after buying over marginal fields from some International Oil Companies (IOCs).
A source at the Federal Ministry of Industry, Trade and Investment said: “The EFCC is investigating the ministry and the Nigerian Investment Promotion Commission [NIPC] for tax holidays to about 20 oil companies.
NIPC is the agency, which approves tax holidays under the Industrial Development Act for companies that are taxable under the Company Income Tax Act.
Source: The Nation
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