Reps Accuse MTN of Tax Evasion

The House of Representatives Committee on Public Account has frowned with MTN’s unwillingness to cooperate by tendering requested documents that would ease the findings of the lawmakers.
Just as the Nigerian National Petroleum Company, NNPC limited and its 17 subsidiaries on Wednesday again failed  to appear before the  Public Account Committee of the House  Representatives on the multiple audit queries raised against them by the office of the Auditor General of the Federation 

 The  Chairman of the committee  Hon  Busayo Oluwole Oke described the attitude of the telecom firm as ‘disrespectful to the parliament” especially that the company replied parliament’s invitation letter to the MD through an Executive Director, MD

Besides, the lawmakers lamented the abuse of fiscal regulations by individuals and companies doing business in the country as most of them were found to be evading taxes
The General Manager, GM financial operations of MTN Yemisi Adeleye who appeared before the lawmakers failed to tender a certificate of assets status of the company, issued her organization by the ministry of trade and investment
The certificate was expected to contain the assets of the company which would  determine how much tax was expected of them.
Since incorporation in 2001, the GM said that MTN had invested more than N3.4 trillion into the Nigerian economy and had paid more than N2.5 trillion in taxes, levies and other regulatory fees as at December 2021 including N669 billion in 2021 alone
The Committee directed the Nigerian Customs Service, NCS to furnish it with all MTN import duty documents as well as other relevant tax documents to ascertain if waivers were given legally or wrongly to the telecom firm

The committee is investigating NNPC, the Central Bank of Nigeria, CBN alongside telecommunication firm, MTN based on the annual audit report of the Auditor General of the Federation, AGoF between 2014-2019 financial year and non rendition of audited account by NNPC subsidiaries covering the same period

However, At the resumed hearing of  the Committee sitting on Wednesday, the NNPC  in a letter addressed to the Chairman of the Committee, Hon  Oluwole Oke the Group Managing Director,  Mallam Mele Kyari stated that he was engaged in a function on theft of crude oil in the Niger Delta, hence his unavailability
The Committee therefore, ceded to his request for an extension of time  and fixed 29th April when  Kyari would appear in person with the relevant documents for the investigation


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