The All Progressives Congress (APC) has called on the Federal Government to urgently unravel what happened to the past Company Income Tax/Education tax as well as dividends paid to the Nigerian government by the NLNG.
The call is against the background of published reports that the funds were never paid into the Federation Account as they should have been.
In a statement issued in Lagos on Sunday by its National Publicity Secretary, Lai Mohammed, the party also described as a glaring example of grandstanding opposition the attempt by the PDP to distort the facts about the source of the $2.1 billion that was approved for sharing by the three tiers of government by President Muhammadu Buhari.
“Whereas the Presidency corrected the initial erroneous report that the shared money was sourced from the Excess Crude Account (ECA), the skittish opposition continued to insist it was from the ECA and that it was part of the ‘savings’ by the Jonathan Administration.
“Well, we can tell Nigerians that the $2.1 billion was sourced from the $1.6 billion Company Income Tax/Education Tax paid to the FG on June 17th 2015, over two weeks after the Jonathan Administration left office, as well as the $500 million tax paid by Shell.
“We can tell Nigerians that this is the first time the payment of the Income Tax/Education Tax by the NLNG was being disclosed by any government,in addition to paying it into the Federation Account for sharing, hence those who call it their ‘legitimate’ earnings should be asked why they did not demand the sharing of such ‘legitimate’ earnings in the past.
“We can tell Nigerians that apart from the said $1.6 billion NLNG payment for 2015, NLNG also paid $1.4 billion as Income Tax/Education Tax in May 2014, paid $0.3 billion as Education tax to the FG in 2011, 2012 …Read More
Source:: New Mail