Skip to content
October 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Alleged VAT miscalculation: FIRS prays tribunal not accept witness testimony
  • National News

Alleged VAT miscalculation: FIRS prays tribunal not accept witness testimony

Admin November 9, 2022

FIRS

Nov. 9, 2022

The Federal Inland Revenue Service (FIRS) on Wednesday urged the Tax Appeal Tribunal sitting in Abuja not to accept an appellate witness as expert in tax transaction.

At the resumed hearing, FIRS through its counsel, Mr. Daniel Onukun, submitted that the appellant’s witness, Mr. Martin’s Aroke was just an interested party in the matter and not an expert in tax transaction.

The appellant, the Abuja Electricity Distribution Company (AEDC) PLC, dragged FIRS, the respondent before the tribunal over alleged miscalculation on its Value Added Tax (VAT) to the tune of N4.5 billion.

Aroke while being cross-examined by Onukun identified himself as an expert in tax matters and people service division of AEDC Plc.

Onukun in respond however told the tribunal that the witness did not have expertise knowledge to determine figures that were arrived at in tax transaction.

The counsel in addition argued that FIRS had more than 400 fellows from the Institute of Chartered Accountants of Nigeria (ICAN) who were grounded in tax transaction matter.

He further averred that any of these professionals ought to have been consulted instead of the witness who was not an expert.

In addition, Onukun stated that the witness was in the matter as a mere interested party on behalf of the appellant and urged the tribunal to disregard the testimony the witness had earlier given.

Earlier, while giving his testimony led by the appellant counsel, Mr. Olatoye Akinboro, Aroke said that AEDC Plc appointed his office as tax adviser in Oct. 2013.

He added that by virtue of his position, he was privileged to know every tax transaction of the appellant.

He thereafter proceed to urge the tribunal to admit his written statement filed in Aug. as evidence in the matter.

The Chairman of the tribunal, Mrs. Alice Iriogbe, having listened to submissions of the counsel and witness, adjourned the matter until Dec. 6, for continuation of hearing.

The appellant had approached the tribunal dissatisfied by the decision and action of the respondent’s assessment on its VAT in the sum of N4.5 billion.

The tribunal also adjourned until Dec. 6, another matter with FIRS as the appellant and Flexible Insurance Brokers Limited as the respondent, for adoption of terms of settlement.

Another matter between the Nigeria Liquefied Natural Gas (LNG) Limited and FIRS slated for Wednesday did not come up as the parties in the suit were not present. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: AEDC Alice Ariogbe FIRS ICAN LNG Martin Aroke Mr. Daniel Onukun Mr. Olatoye Akinboro VAT

Post navigation

Previous Nigeria’s public debt stock increases to N42.84trn in Q2 2022 – NBS
Next Nigeria can generate over $1bn from export of processed leather by 2025 – NILEST

Related Stories

SSANU suspends ultimatum after FG releases arrears midnight
  • National News

SSANU suspends ultimatum after FG releases arrears

October 18, 2026
Troops rescue kidnapped victim, recover N10m ransom in Kano
  • National News

Troops rescue kidnapped victim, recover N10m ransom in Kano

October 17, 2026
NGO investigates rise in aggressive breast cancer among women in Northeast infertility
  • National News

NGO investigates rise in aggressive breast cancer among women in Northeast

October 17, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

SSANU suspends ultimatum after FG releases arrears midnight
  • National News

SSANU suspends ultimatum after FG releases arrears

October 18, 2026
EXPLAINER: FG explains NLNG disbursement; dismisses Makinde’s claim Group knocks Oyo APC
  • Business & Economy

EXPLAINER: FG explains NLNG disbursement; dismisses Makinde’s claim

October 18, 2026
Opportunity to Expansion: How Fidelity Bank FundHer Drove Akara Café’s Next Chapter Fidelity Bank
  • Business & Economy

Opportunity to Expansion: How Fidelity Bank FundHer Drove Akara Café’s Next Chapter

October 18, 2026
Lagos Task Force Arrests Dismissed Operative for Impersonation and Extortion prevention guild
  • Commentaries

Lagos Task Force Arrests Dismissed Operative for Impersonation and Extortion

October 18, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.