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The Presidency on Monday said Babatunde Fowler; the Federal
Inland Revenue Chief executive was only invited in a letter over concerns for tax
collection in recent times and that he’s  not under any investigation as propelled from
different quarters
 “It is necessary to state categorically that
the Chair of Federal Inland Revenue Service, Babatunde Fowler, is not under any the investigation,” the presidency said in a statement.


It
said the “letter  originated from the office of  the Chief of Staff to the President, Abba Kyari, in which
the purported rumour of an investigation is based, which indicates that it “merely raises concerns over
the negative run of the tax revenue collection in recent times.”
In
the letter stamp-dated August 8, Kyari said the presidency “observed
significant variances between the budgeted collections and actual collections
for the period 2015 to 2018.”
Kyari
therefore “queried” Fowler over worsening tax collection since 2015.
In
2015, FIRS set N4.7 trillion target but was only able to make N3.7 trillion in
the actual collection. In 2016, 2017 and 2018, the target collections were N4.2
trillion, N4.8 trillion and N6.7 trillion but the actual collections were N3.3
trillion, N4.0 trillion and N5.3 trillion, respectively.
“Accordingly, you are kindly invited to submit a comprehensive
variance analysis explaining the reasons for the variances between the budgeted
collections and actual collections for each main tax item for each of the years
2015 to 2018,” Kyari wrote.
The presidency in its Monday statement said it only demands
answers from the FIRS boss because “the country might be heading for a fiscal
crisis if urgent steps are not taken to halt the negative trends in the target
setting and target realization in tax revenue.”
Read Babatunde Fowler’s Response To  Letter Coming From  President’s Chief of Staff, Abba Kyari’ Below—

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