Kindly Share This Story:While Nigerians are still reeling from the shock of a so-called foreign investor called P&ID deploying the law as an instrument of fraud in a foreign court with the sole aim of dispossessing us of a humongous chunk of our national wealth, it would appear that yet another “foreign investor” has most atrociously short changed Nigerian workers vide a series of highly suspicious tax deductions According to ARCO, an indigenous company, General Electric, G.E., a supposed foreign investor, priding itself as a multinational of top rate international repute, is indebted to it to the tune of N1,891,752,241.48, $7,326,125.99, and €328,189.32, being sums comprising over-deduction of withholding tax at 10% instead of the statutorily stipulated 5%, which sums G.E. deducted and claimed to have remitted to the Federal Internal Revenue Service, FIRS. Save us from bad road, Educationist tasks Sanwo-Olu(Opens in a new browser tab) Our own investigations indicate that ARCO has not merely been over-taxed but that it has been defrauded of the sums in contention and to the detriment of its Nigerian workers it subsequently found itself unable to meet its obligations to consequent upon the aforesaid malfeasance. Indeed, it is much to our great surprise… Read full this story
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‘What’s going on with electric, G.E, FIRS, Labour ministry, Arco and Nigerian Workers’ have 307 words, post on www.vanguardngr.com at October 14, 2019. This is cached page on CuBird. If you want remove this page, please contact us.