Economy

Tax Evasion: House of Reps threatens to deal with telecom companies

The House of Representatives on Thursday gave telecom operators in the country a seven days to appear before the house over allegation of tax evasion, over invoicing and other infractions affecting the economy.

The lower legislative house is  investigating revenue leakages to the tune of over $30 billion,

The House frowned at the attitude of the telecom operators who refused to appear before the Joint House Committees on Finance as well as Banking and Currency investigating the loss of over $30 billion dollars by the Nigerian government.

Chairman of the Joint Committee who is also the Chairman of the House Committee on Finance, Rep James Faleke told the House at plenary on Thursday through a motion of urgent public importance that the telecom operators through their Incorporated Trustees choose to drag the House to court instead of honouring their invitation.

Faleke said they have evidence of several infractions against the telecom companies, but choose to give them fair hearing by inviting them to come with their own records, stressing that they failed to show up, but headed to court.

Speaker of the House, Rep Femi Gbajabiamila said the House will not condone such actions from operators within the Nigerian economy stressing that the implication of failing to honour summons by the lawmakers amount to contempt of the legislature.

The Speaker said none of telecom companies in the country is above the law, but asked the Committee to give them one more chance to appear, adding that “if within seven days, they fail to appear, we will begin the process of invoking the constitution to force them to appear.”

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