The Independent Corrupt Practices and Other Related Offences Commission has secured the conviction of a senior official of the Federal Inland Revenue Service, Mrs. Mubo Ikotun, and a company, Messrs Smith Nigeria Limited, for bribery and tax evasion.
A statement by the Resident Consultant (Media &Events), ICPC, Mr. Folu Olamiti, on Friday, said the conviction of the two was pronounced by a Lagos State High Court presided over by Justice O.A. WiIIiams in the suit with Charge No LCD/17/2008/ FRN v John Fagbemi and 4 others.
Messrs. Smith Nigeria Limited was convicted for allegedly bribing Ikotun (second accused) and some other staff members of the FIRS to reduce its tax liability from N13,938,985 to N441,653 in a fraudulent manner.
The company, according to the ICPC, got the tax relief through a fraudulent means and was issued a Tax Clearance Certificate upon paying the sum of N441, 635 to the FIRS.
View original post 186 more words