Investigating the menace of tax evasion, senators have asked finance minister Kemi Adeosun to recover the money granted as waved taxed to six companies. Those who benefitted from the unauthorised waiver are said to include Dangote International, BUA Sugar refinery, Olam International, Popular Foods and the Milan Group.
Popular Foods, a subsidiary of the Stallion Group and the Milan Group have been ordered to pay the import duty demand notice of N24bn served on them by the Nigeria Customs Service (NCS) for exceeding the quota granted to them on rice importation during the period. Yesterday's senate resolution was the fallout of the adoption of the report of its ad hoc committee on import duty waivers, concessions and grants, which investigated the indiscriminate use and abuse of waivers granted by the federal government to some organisations.
Presenting the report, the committee’s chairman, Senator Adamu Aliero, put the total amount to be recovered as grants for rice importation at N10bn. He listed the organisations meant to repay the N10 billion rice waivers and the respective amounts they should refund to include: Dangote (N1,031,038,848), Kersuk Farms (N1,927,800,000), BUA Group (N3,704,126,328), Elephant Group (N1,501,627,680), Golden Penny (N284,602,399.20) and Milan Group (N1,855,263,312).
He added that the sum of N31.7bn, representing 5% import duty and another 45% levy for 2013, as well as 5% import duty and 65% levy for 2014/15 grants for the importation of raw sugar, should be recovered from BUA Group for obtaining a waiver for the importation of raw sugar without what he described as the backward integration policy for local sugar production. He also said Mediterranean Nigeria should be made to pay N82,101,866.10 as import duty for excess and under-invoicing 2.16kg of St Louis cube sugar in June 2014.
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