Tuesday, 17 November 2020 04:34

Fowler returns to EFCC over fresh fraud allegations

Rate this item
(0 votes)

Former Chairman of Federal Inland Revenue Service (FIRS), Babatunde Fowler, yesterday returned to Economic and Financial Crimes Commission (EFCC) for further questioning over his stewardship and alleged diversion of N5 billion.

Fowler is also accused of allowing gaps in the auditing of the agency’s accounts and other allegations of financial impropriety during his headship of the revenue agency.

Fowler, who arrived at the commission’s office in Lagos yesterday, was still being grilled over alleged corruption while in office as at the time of filing this report.

The anti-graft agency is yet to release the specifics of the allegations against the former FIRS boss, but it was learnt that he was being probed over alleged diversion of funds running into billions of naira.

Fowler was questioned penultimate week by the agency over alleged diversion of N5 billion.

An EFCC source confirmed that Fowler was undergoing investigation over misappropriation of billions of naira under his watch.

“We are looking at the many issues around his stewardship in the two places based on petitions sent to us”, the source said.

Fowler was first invited for interrogation two weeks ago over a case involving Alpha Beta Consulting, a firm that consults for the Lagos State government on internally-generated revenue (IGR) in return for a commission.

The company believed to be promoted by former Lagos State Governor, Bola Tinubu, has been embroiled in allegations of fraud, including tax evasion.

A former Managing Director of the firm, Oladapo Apara, made some of the allegations.

Before he was appointed head of FIRS, Fowler served as Chairman of Lagos Internal Revenue Service (LIRS).

Apara had accused the company of defrauding the Lagos government and failing to pay tax.

In a recent suit filed at the Lagos High Court, he alleged that the company has been diverting billions of naira from the coffers of the Lagos State Government since 2002.

He also alleged money laundering, forgery, and some corporate fraudulent practices against the company and its owners.

Joined as a defendant in the suit is Tinubu, whom Apara claimed is complicit in the fraud.

In 2018, Apara also alleged that the company had so far generated N1.5 trillion for the state government, out of which the firm earned 10 per cent as a commission but failed to pay tax.

The firm had denied the allegations, accusing its former MD of “the worst form of libel.”

 

Thisday

November 15, 2024

Oil production rises to 1.8m barrels per day, NNPC announces

Nigeria's state oil firm NNPC said on Thursday it had increased oil production to 1.8…
November 12, 2024

Ex-Gov Aregbesola warns of imminent revolution in Nigeria amid rising misery, hunger, insecurity

Former Osun State Governor Rauf Aregbesola has issued a stark warning about the worsening socio-economic…
November 15, 2024

To influence people, make 3 simple changes to how you talk, says executive coach

Melody Wilding Why do decision-makers at work really choose one person for a role over…
November 09, 2024

Sick man brought to bank on hospital bed to confirm his identity

A severely sick Chinese man was pushed to a local bank branch on a hospital…
November 12, 2024

US court issues fresh arrest warrant for Air Peace CEO Allen Onyema

A United States court has reissued an order for the arrest of Allen Onyema, the…
November 15, 2024

Ukraine is now struggling to cling on, not to win - The Economist

“After 970 days of war,” said Lloyd Austin, America’s defence secretary, visiting Kyiv on October…
November 11, 2024

Hackers are targeting people who type these six words into their computer, smartphones

Computer users Googling whether Bengal cats are legal to own after finding themselves victims of…
October 27, 2024

Nigeria awarded 3-0 win over Libya after airport fiasco

Nigeria have been awarded a 3-0 victory over Libya, and three vital points, from their…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.