NIGERIA LOSSES $10Bn TO TAX EVASION : CISLAC

CISLAC has claimed that Nigeria losses $10bn annually to tax evasion fraud and the systemic corruption in the judiciary hampers justice taking its full course.

NIGERIA LOSSES $10Bn TO TAX EVASION : CISLAC

The Civil Society Legislative Advocacy Centre (CISLAC) a non-governmental legislative advocacy organisation through its Executive Director Auwal Rafsanjani has revealed that Nigeria loses over $10 Billion annually to tax evasion fraud alone. Mr Auwal Rafsanjani also noted that the systemic corruption in the nation’s Judiciary has ensured that minimal efforts are being put into bringing the culprits to book.

CISLAC’s Executive Director also called on the National Assembly to enact a legal framework for the management of recovered stolen assets in Nigeria to ensure accountability and transparency on the part of the Federal Government. CISLAC also accused President Muhammadu Buhari administration of lack of transparency in the management of recovered stolen assets and maintained that recovered stolen assets is being diverted afresh by politicians and called on the Federal Government to account for the billions of dollars that have been recovered from corruption proceeds from former President Olusegun Obasanjo’s administration till date.

Mr Auwal Rafsanjani also claimed that the President Muhammadu Buhari led administration  has failed abysmally to deliver on the promise to fight corruption.

Recall that the recently recovered Ibori loot had degenerated inrto a fiasco with the House of Representatives asking the Federal Government to immediately stop appropriating and tempering with the 4.2 million Euros recovered ibori loot amid allegation that the actual sum is 6.2 million Euros and not 4.2 million Euros as claimed by the Federal Government.

Transparency International 2020 Corruption perception index had also ranked Nigeria as the second most Corrupt country in West Africa drawing widespread condemnation from Civil societies, Nigerians and foreigners alike. The Civil Society Legislative Advocacy Centre, CISLAC is also the national contact of Transparency International in Nigeria, the Berlin based anti-corruption watchdog.

 

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