WE ARE NOT OWING RIVERS STATE INTERNAL REVENUE 50BILLION –Says NDDC.

Prof. Brambiafa (Ag. MD, NDDC) & Nyesom Wike, Rivers State Governor.

The Niger Delta Development Commission, NDDC, as a responsible corporate organisation, wishes to state clearly that it has not defaulted in meeting its tax obligations to the Rivers State Internal Revenue Services, RIRS.
 

The Commission states through a statement by her Director of Corporate Affairs, Charles Obi Odili says that she is surprised that the state revenue agency is claiming an outstanding of Fifty Billion Naira (N50,000,000.00), which through records available at NDDC, is not correct.

According to Charles Obi Odili, NDDC is rather curious that the RIRS would rush to seal the gates of the Commission, disrupting activities at its headquarters, without any form of notification, and we have had cause to discuss our tax obligations with officials of the RIRS in the past and all the grey areas were resolved amicably. It is, therefore, an act of bad faith for the revenue agency to begin to take actions that impugns on the reputation of an interventionist agency that is serving the people of the Niger Delta region and for the avoidance of doubt, the Commission has as recent as January, 2019, settled its outstanding tax obligations to the RIRS.

Stressing further, Mr. Obi Odili says that the NDDC had cleared all Withholding tax (WHT) on enterprises and Pay as your earn (PAYE) up to March, 2019, including arrears. If there is any other issue of outstanding tax obligation (underpayment), it will only come up after reconciliation, and until then, we cannot establish or determine under-payment or over-payment, as our books are open for audit or reconciliation.

It is not right for only one party to claim to have established that there is under payment or overpayment. That can only come to play after a thorough audit exercise and NDDC can under the circumstances safely say that the RIRS came to seal off our premises without due process, as notice of non-compliance was neither issued nor served on the commission before the RIRS action and therefore call on the revenue agency to remove the sealing order on our premises to enable both parties enter into dialogue and agreeably resolve our differences, the statement concludes.