The House of Representatives Ad Hoc Committee to Investigate the Structure and Accountability of the Nigerian National Petroleum Corporation’s Joint Venture Businesses and Production Sharing Contracts Since 1990 has summoned Muhammad Nani, Executive Chairman of the Federal Inland Revenue Service.
The committee had previously requested that the FIRS provide all tax records and other relevant documents on all JVs and PSCs of the Nigerian National Petroleum Corporation (now Nigerian National Petroleum Company Limited) from 1990 to date.
On Tuesday, two officials, Ogunyemilusi Gabriel and Bello Rasheed, appeared before the committee at the continued investigative hearing in Abuja, while several oil companies invited by the panel did not appear.
Representatives from the FIRS informed lawmakers that the relevant tax documents requested by the committee had been submitted, though they only covered the years 2015 to 2021.
The committee has requested the following documents: a summary of petroleum profit tax; copies of tax returns filed by all JV ventures from 1990 to 2022; a summary of all remittances to the federation account of all tax revenues from 1990 to 2022; copies of correspondence between NNPC and FIRS tax remittances; a summary of all remittances to the federation account of all tax revenues from 1990 to 2022; and certified true copies of the various tax revenues
According to the FIRS delegation, the remaining records will be made available as they are archived.
According to officials, the Service has a six-year archiving policy, which is why the records from 1015 to 2021 were readily available when the committee requested them.
However, a member of the House, Benjamin Kalu, complained that the archiving policy was limiting the committee’s mandate.
“It’s constricting. I say this because, if you look at the request in the letter, which is from 1990, and you start at 2015 based on the policy, we are losing approximately 25 years of investigation.
“This number of years must be presented wherever the documents are.” We require those documents in order to conduct an in-depth investigation. “Make no excuses,” he said.
Abubakar Fulata, the committee’s chairman, demanded that the records be made available by Friday. He also asked Nami to appear before the committee on Tuesday to speak about the documents she had submitted.
Fulata also ordered that the heads of the various oil companies be invited to appear in person or face sanctions.
The hearing has been postponed until next Tuesday.