Minister of Finance, Mrs. Kemi Adeosun has revealed that the Federal Government paid another set of 14 whistleblowers the sum of ₦439.276 million for providing tips on tax evaders.
Adeosun stated this while addressing a press conference announced that the payment was made last week after the government received the sum of ₦13.8 billion from the affected tax evaders, mainly corporate organizations, based on tips by the whistleblowers.
In her words:
“This week, we paid whistleblowers the sum of ₦439. 276 million, it was to 14 people who provided specific tips on tax evasions about companies who deliberately evaded or underpaid taxes. Working on those tips, we have held discussions with those companies and they have paid ₦13. 8 billion which we have confirmed have been paid to the Federal Inland Revenue Service.”
Speaking on VAIDS
She acknowledged the huge success of the tax amnesty program noting that more companies including multinationals are still coming up to settle their tax.
She disclosed that the Federal Government was actively preparing cases for prosecution against tax evaders and that very serious actions would be taken at the end of next month when the tax amnesty would end.
Irregularities on Government payroll system.
Adeosun acknowledged that there were still some irregularities in the payroll but that her team was paying close attention to details the Integrated Payroll and Personnel Information System IPPIS to eliminate them.
2017 Budget Performance
The minister expressed satisfaction on the implementation of 2017 budget noting that at the end of the month, about ₦1. 5 trillion would have been spent on capital projects across the country.