Arms deal: Six firms to pay N2.4bn tax, 20 face probe

  |   Nigeria News

The President subsequently gave the EFCC approval to investigate two former Chiefs of Army Staff (COAS), Lt.-Gen Azubuike Ihejirika; and Lt.-Gen. Kenneth Minimah; a former Minister of State for Foreign Affairs II, Dr Nurudeen Mohammed; and three former permanent secretaries in the Ministry of Defence – Mr.

It was learnt that the commission would also invite two ex-army officers, Col. A.A. Abubagaji, and Lt.-Col. E.L. Hussaini Boyi, to account for N35,000,000 paid by Suncraft International Ltd and Singapore Kinetics Technologies Ltd as withholding tax on a contract for the retrofitting of MK1 fast patrol crafts and procurement of 50 Scorpion fast patrol crafts respectively.

The panel recommended that TS-Y International Limited should pay N27,452,970 as withholding tax on a contract for the procurement of spare parts for artillery guns between November 2008 and December 2009 at the cost of N549,059,400.00

It said a company, Hadassa Investment Security Nigeria Limited, should be probed for non-delivery of N78,440,090 worth of items and non-payment of N93,090,090 as withholding tax on a contract in 2011 for the procurement of Twin Free Fall and Airborne Training Parachutes for Independent Day Celebration and Airborne Training, respectively at a combined cost of N290,300,000.00

It was gathered that the EFCC was investigating a presidential approval that granted waiver to Barnes and Tubbies for the payment of import duty, pre-shipment inspection and associated taxes for a N1,081,625,600 contract.

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