EFCC Arrests Former FIRS Chairman, Babatunde Fowler Over Alleged N100bn Tax Evasion Fraud

The Economic and Financial Crimes Commission (EFCC), has arrested a former Chairman of the Federal Inland Revenue Service, Babatunde Fowler, over an alleged N5bn fraud perpetrated under his watch and this is according to Sahara Reporters.


Fowler is currently being interrogated by operatives of the Economic and Financial Crimes Commission EFCC over the N100 billion tax evasion allegations levelled against a tax firm known as Alpha Beta Consulting, the website says.


Fowler was sacked by President Muhammadu Buhari in 2019 after a query for worsening tax revenues since 2015.


He was invited for questioning after a former Managing Director and Chief Executive Officer of Alpha Beta Consulting, Dapo Apara, petitioned the antigraft agency, accusing the firm of tax fraud to the tune of N100bn.

 

In the petition which was filed in 2018 and signed by his counsel Adetunji Shoyoye and Associates, Apara stated that Alpha Beta, the firm given exclusive rights to monitor and collect Internally Generated Revenue on behalf of the Lagos Government, “has become an avenue for official corruption of government officials, a conduit pipe for the massive money-laundering scheme, tax evasion, among other vices.” Apara also alleged that the fraud had been covered by powerful politicians in the state.

 

The petition reads in part;

“Over the years the company has been protected and shielded by some powerful politicians and people in the society which made them to always boast of being untouchable, but our client, feeling the need not to keep quiet again and strengthened by his belief in the fact that the government of President Muhammadu Buhari is keen on fighting corruption, which has been the bane of our country, is of the firm belief that it’s time to expose and open the can of worms called Alpha Beta Consulting.”


He was also accused of a lavish lifestyle. 

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