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© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Senate Summons IG of Police Over Unremitted N6.5bn Revenue

Farouk Mohammed
By Farouk Mohammed
Published: October 30, 2017
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The Senate Ad-hoc Committee on Alleged Fraudulent Activities in Collection, Accounting, Remittance and Expenditure by Revenue Generating Agencies has invited the Inspector-General of Police, Ibrahim Idris, to appear before it.

The committee’s chairman, Sen. Solomon Adeola (APC- Lagos-West), in a statement by his media adviser, Kayode Odunaro, on Sunday said the invitation followed findings on a N6.5bn unpaid revenue accruing from the Lagos Trade Fair Complex.

He said others invited to appear before the committee are the Director Generals of Directorate of State Security, Bureau of Public Enterprise (BPE) and National Council on Privatisation.

Adeola said the essence of the invitation was to get the Police and DSS to assist the Federal Ministry of Commerce and Industry and the BPE in recovering the money, which had accrued for over nine years.

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He said that the invitation is to also assist in ejecting the concessionaire of the Trade Fair Complex, LITFC, AULIC Nigeria Limited and recovering the complex.

Adeola said it has become necessary to recover the 322 hectares multi-billion naira complex following a huge debt due to the N40bn lease fees.

Adeola quoted the Director-General of BPE, Alex Okoh, as saying the concession agreement to AULIC Nigeria Limited was revoked in early September by the Federal Government.

He further quoted Okoh as saying all efforts to eject the concessionaire including the use of the Divisional Police at the complex and Economic and Financial Crimes Commission (EFCC) proved abortive.

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Adeola said findings showed that after the initial fees of N200m paid by the concessionaire in 2007 and another N12m, it has not paid a dime to the federal government, with outstanding revenue of N6.5bn.

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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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