Senate calls for sack of NTA/Startimes management over N200bn capital flight - Daily Post Nigeria

Following the revelation based on documents made available to the Committee, the Co-chairman of the Committee, Senator Solomon Adeola Olamilekan, ordered the Director-General of NTA to immediately sack the management of NTA/Startimes.

Trouble came the way of the management team of the joint venture when the Committee interfacing with heads of government agencies on revenue projections for the N12.6trillion 2021 budget, called on them one after the other, to explain why the joint venture has not yielded any profit for NTA as lamented by the Director-General, Yakubu Ibn Mohammed before the committee on Monday .

But the Chairman of the Committee, Senator Adeola and other members, faulted his arguments based on records obtained from the Audited Account reports submitted by both the NTA and the joint venture. ” Also, in the expenditure component for the year, monies incurred were put in both dollar and Naira and in that year, your expenditure , far exceeded the N11billion revenue allegedly generated.

“By rough estimations, all the revenues made through the joint venture and recorded in dollar amounted to about N200billion between 2010 and 2018,” he said.

Source: News Formal (newsformal.com)

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