The Federal Inland Revenue Service, FIRS, has denied claims by a political activist, Timi Frank that the agency supported the All Progressives Congress by giving Vice President Yemi Osinbajo N90 billion.

In a statement titled, "RE-Osinbajo in trouble over N90 billion FIRS election fund – Timi Frank" the agency urged Nigerians to ignore the report, stressing that, it will pursue libel actions against him.

The agency said it did not spend and could not have spent taxpayers money for political ends, noting that, Mr. Frank is seeking cheap popularity and relevance.

READ THE STATEMENT BELOW:


The attention of the Federal Inland Revenue Service, FIRS, has been drawn to publication in some online and daily newspapers by a certain Comrade Timi Frank, the former Deputy National Publicity Secretary of the All Progressives Congress (APC), who claimed that the FIRS supported the`APC, through the Vice President Yemi Osinbajo with a phantom N90 billion.

The FIRS wishes to state as follows:

That  the entire allegation being spread by one Frank  Timi  that the  Federal Inland Revenue Service spent N90 billion to fund the last election is mendacious, wicked, malicious and a calculated attempt to smear the image of the Service and that of his Excellency, the Vice President, Prof. Yemi Osinbajo. This campaign of calumny and villifying false claims are entirely, libellous, unfounded in fact, irresponsible and a brazen assault on the integrity of the Service as a responsible and accountable organisation and demonstrates an abysmal ignorance of the budgetary and expenditure process of the FIRS.

That in the last four years since Mr. Tunde Fowler has supervised operations at the FIRS, the agency had not received up to N100 billion, per annum,  as Cost of Collection from the Federation Accounts Allocation Committee, FAAC. FAAC is a public institution, whose records are open to the public.
That it is from the remittances from FAAC—which had never grossed up to N100 billion, PER ANNUM, that FIRS pays the salary and emoluments and trains it’s over 8000 staff, runs over 150 offices and provides for other needs of the Service.

That given the above, IT IS NOT PLAUSIBLE nor DOES IT MAKE ANY SENSE that FIRS will commit its resources to a phantom campaign of N90 billion as suggested by Mr. Timi Frank and FIRS does not fund political associations.

That FIRS is a creation of statute and its activities are governed by the laws of the Federal Republic of Nigeria and financials regulations and thus, IT IS NOT PLAUSIBLE, that its funds could be expended in such a cavalier manner as suggested by Mr. Timi Frank.

That FIRS Budget and expenditure approval processes pass through the Budget Office and the Ministry of Finance, before such are presented to the National Assembly for Appropriation into Law. The National Assembly committees, consisting of all parties and inclinations exercise oversight function on all agencies of the Federal Government to ensure agencies keep to the letters of the Appropriation Act. Thus FIRS’ operations are subjected to Scrutiny and close monitoring by the National Assembly, the Federation Accounts Allocation Committee and the Ministry of Finance.

It is therefore unthinkable, malicious and irresponsible for the said Frank to insinuate or infer that N90 billion or any part thereof could be spent illegally and without budgetary approval.

It is equally alarming to note that this injurious falsehood and blackmail could find space in our mass media without proper scrutiny particularly with the availability of the Freedom of Information Act, which broadly allows Nigerians access to information on expenditure of public funds by government agencies. This all goes to show an orchestrated and invidious decision by paid agents to discredit the Service in order to achieve their diabolical ends, which is at variance from the interest of Nigerians.

We ask members of the public to ignore the claims of Mr. Timi Frank, with the ignominy it deserves as the former Deputy National Publicity Secretary of the APC is seeking for cheap popularity and relevance.

It is in the light of the foregoing observations, the FIRS demands an unequivocal apology from the said Mr. Timi Frank and a well publicised public apology in three major and leading newspapers within the next 24 hours. The FIRS shall pursue claims for aggravated damages in libel and injurious falsehood against the said Mr. Frank if he fails to meet these conditions in the next 24 hours.

This invidious publication is targeted as derailing the revenue generation efforts for  the three tiers of government in the nation. This is calculated economic sabotage and hereby referred to the Office of the Attorney General of the Federation officially.

We finally wish to assure all Nigerians that the FIRS did not spend and could not have spent taxpayers money for political ends. For the avoidance of doubt, every kobo paid by taxpayers goes straight to the Federation Account domiciled at the Central Bank of Nigeria and that the FIRS does not possess the constitutional right to touch the said account or appropriate any kobo there from to itself.

The FIRS wishes to reassure members of the public that the FIRS is a PUBLIC TRUST, which the agency operates on behalf of Nigerians. Taxpayers money-including the operational funds of the Service- are sacred.  FIRS remains committed to public accountability and transparency in the sacred mandate of tax collection and public expenditure.

https://www.thecable.ng/firs-denies-giving-osinbajo-n90bn-election-fund/amp#click=https:///F2sqd4HWML

Wondering where Timi got his information from. We should beware of fake news.

Is it just me or does Nairaland website look very different right now?? It's as if it's missing some lines. I'm using google chrome to browse.

Ok. It is noted.

I don talk am. People will just open their mouth n talk nonsense

That's how they go about slandering peoples image all in the name of scoring cheap political points...Nigeria my country I hail oh

Nairaland don change levels

Chairman of Yahoo men

Timi don buy market... nairaland levels don change oh

It’s like this Buhari era dey affect Nairaland too. First na font style, now something is wrong with the body and lines. Abi Oga Seun wan implement new emojis and designs

No smoke without a fire

Seun your new theme is very repulsive

rentAcock:
Is it just me or does Nairaland website look very different right now?? It's as if it's missing some lines. I'm using google chrome to browse.

Thought it was my browser tok

Why won't they sent.

All of them are in this 'yahoo-yahoo' looting together. All buharists are advance-fee-fraud culprits.

i dont like nigerian politics at all

everything is always lies

rentAcock:
Is it just me or does Nairaland website look very different right now?? It's as if it's missing some lines. I'm using google chrome to browse.

IT'S REALLY UGLY NOW! SEUN fix biko

I don't like this new Nairaland ooo

Oga Seun and Lalasticlala, why are you guys test running fonts here now!!! This one no jell o.. The former one is better jor
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.
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90℅ of "commenters" just talking of the new Nairaland view.. you we are all derailing o

rentAcock:
Is it just me or does Nairaland website look very different right now?? It's as if it's missing some lines. I'm using google chrome to browse.

I though I was the only one ooo

Nairaland got new look ooo

pls we don't need media trial, straight to court.

rentAcock:
Is it just me or does Nairaland website look very different right now?? It's as if it's missing some lines. I'm using google chrome to browse.

Na not just you. No underlining of links. I thought it was android update I did today!

rentAcock:
Is it just me or does Nairaland website look very different right now?? It's as if it's missing some lines. I'm using google chrome to browse.

Click like if u prefer de new system otherwise click share if u prefer de old system

if he can't prove that the money was spend on the reelection of Buhari....let DSS pick him and dump him in cell....his mouth should not be driving rough with such a sensitive issue and if proven otherwise let the V.P face the music.

rentAcock:
Is it just me or does Nairaland website look very different right now?? It's as if it's missing some lines. I'm using google chrome to browse.

Same here bro

To be honest it is not attractive like the old one

Seun you can do something better than this na.

Legal Gbas Gbos Season
,
Kudos to Emefiele for setting the trend by suing his fake news alarmist
First Maina wants to sue Twitter Pasta Reno Omokirikiri for entertaining his fans with his half truth alternate facts, Now Mr Timi black Lips Frank is getting his black asz sued by FIRS

..

Timi is a sick patient