$50bn scam: Reps summons FIRS boss, Tunde Fowler, others

Babatunde Fowler

THE House of Representatives Committee on Public Petitions has summoned Executive Chairman of Federal Inland Revenue Service, FIRS, Mr Tunde Fowler, and officials of the Department of Petroleum Resources, DPR, to give account of how Nigeria recorded a loss of $50 billion through false accounting from 2004 till date.

The officials are expected to appear today to give account of what they knew about the alleged $50 billion that was not accounted for within this period. In a petition dated March 24, the petitioner, Synergy Resources Ltd, had during an investigative hearing with the committee and other stakeholders last Thursday, claimed that all efforts to make CBN see reason with concrete evidence proved abortive.

They further claimed in the petition that “over the years, some unscrupulous persons in CBN have used the image and cover of a scary gab of the apex bank, to rip off the nation of several billions of dollars every year, through false accounting.

“In trying to unravel this mystery, we have used 2006 as a test case and sample year, to highlight the goings-on in CBN and infractions identified then are still very much persisting even up to date (2016) and the nation has lost $50bn.’’.

Those that appeared last Thursday include the CBN, FIRS but DPR was missing as this made the chairman of the committee, Uzoma Nkem-Abonta to adjourn the investigative hearing to today.
-Vanguard

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