Federal Task Force Busts Air Nigeria CEO in N4.7 Billion Tax Fraud

Chairman of Air Nigeria, Jimoh Ibrahim
By SaharaReporters, New York

As part of a sweep against tax fraudsters, the Federal Inland Revenue Sevices (FIRS) today arrested the CEO of Air Nigeria, Mr. Kinfe Kahssaye, for failing to pay company taxes amounting to N4.7 billion.

The tax agents arrested Mr. Kahssaye at the head office of Air Nigeria and plan to transfer him to Abuja where he'll likely be charged for tax fraud.

A release from FIRS’ Debt Enforcement and Special Prosecution says the government aims to recover tax arrears they are owed by Kahssaye.  These cover 2011 and 2012.
 
In the release, James Binang, Assistant Director of the debt enforcement group, explained that the refusal to deduct and remit taxes as well as failure to file tax returns amount to criminal offences.
 
The airline was also alleged to have requested and obtained a Tax Clearance Certificate (TCC), giving it a clean bill of health, despite its tax liabilities. Kahssaye has acknowledged the company’s liabilities but says he needs more time to settle them.
 
FIRS agents are now said to be looking for Jimoh Ibrahim, chairman of Air Nigeria, in the same case. He is expected to be charged in absentia during the week.
 
Ibrahim came under fire this year from the airline’s former Executive Director for Finance, John I Nnorom who accused him of being uninterested in the maintenance of company aircraft.
 
“Some of the certifying Engineers and I are under threat of assassination by Barrister Jimoh Ibrahim, if we reveal this secret to Nigerians,” he said.
 
Nnorom, who resigned his appointment with the airline, on April 1, 2012, urged Nigerians not to fly Air Nigeria until the planes were confirmed to be air worthy.
 
Air Nigeria was recently grounded by the National Civil Aviation Authority (NCAA) in Nigeria shortly after its engineers resumed from a weeklong strike.
 
Mr. Ibrahim took over what used to be Virgin Nigeria and renamed it Air Nigeria, initially with 11 aircraft. The company increased its fleet including bigger planes for the Lagos-London routes, but the expansion also led to a serious debt profile including unpaid aircraft lease fees to GECAS in Dubai, Lufthansa and unpaid airport fees in Ghana.
 
Other CEOs arrested by FIRS for unpaid taxes totaling N2.17 billion include: Pivot Engineering Ltd, owing N609, 911,992:36, Reliance Telecommunications Ltd, owing N592,756,627:00, HITV Ltd, owing N309,500,065:55 and UTC Nigeria Plc, owing N277,589,163:74, Sweet Sensation Confectionary Ltd, owing N155, 483,013:00, Entertainment Highway Ltd, owing N197, 444,964:55 and John Holt Nig. Ltd, owing N33, 073,487:52.
 

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Didn't Jimoh know Virgin was owing b4 buying company? Abegi!!

Isn't it Jimoh's lookout to do due diligence on the company he bought from Branson? No one should say rubbish about the taxes having been accrued b4 Jimoh's time. If he bought the company he also bought the liabilities of the company. You don't have to go to biz school to know that.

JIMOH RELEASE MY UNPAID TAXES AND DEDUCTIONS

PLS HELP ME TO INFORM JIMOH IBRAHIM TO RELEASE THE CAR THAT I HAVE COMPLETED ITS PAYMENT B4 WE LEFT HIS "GLOBAL SLAVERY INSTITUTE".

SOMEBODY HELP PLEASE BECAUSE WE CANT FIGHT HIM BY OURSELF, HE IS JONAH BOY BUT WITH A GOOD HUMAN RIGHT LAWYER (BECAUSE WE DONT HAVE MONEY).

JIMOH IS A ROGUE

i think you guys are paid by

i think you guys are paid by someone to do a yeoman's job on jimoh ibrahim and his companies.. you reported grounding of air nigeria yet you did not acknowledge when they were cleared.. you reported tax fraud yet you did not report that the taxes in question were owed by richard brason's virgin nigeria.. in order for people like me to take your reports seriously , you must be unbiased and investigative in your reportage else you will be classified as gutter journalists which i think you have become.

The truth is that taxes are

The truth is that taxes are deducted from our salaries, Pennsion as well, but none ever gets to Govt. Which means when we retire without emoluments from the company, even ourmpensions are not there because the company never re kitted any.
So sad.

Next is PenCom and they will

Next is PenCom and they will soon be coming for Jimoh Ibrahim himself. I laugh in Greek

what a nation

pay ur tax pls

NIGERIA IS BAD NEWS! SADDENING.

Tra-la-la-la-la! Is this Jimoh-gate, farouk-gate or otedollargate? Who is standing who is clean among our sons who made us poor called billionaires in the land. For their riches the land bleeds. May God deliver Nigeria. Yet these are the men in government or the thieving friends of those who hijack government called rulers. Its clear we did not elect these ones to serve us, We all can see the evil of electoral frauds as it leaves no one accountable.

Go and pay your tax, scumbag.

Go and pay your tax, scumbag.

That's not t̶̲̥̅̊ h̶̲̥̅̊ e̶̲̥̅̊ issue.

T̶̲̥̅̊
h̶̲̥̅̊
e̶̲̥̅̊
problem of this country i̶̲̥̅̊
s̶̲̥̅̊
not about t̶̲̥̅̊
h̶̲̥̅̊
e̶̲̥̅̊
issue of Tax or no Tax. Although that's part of i̶̲̥̅̊
t. But t̶̲̥̅̊
h̶̲̥̅̊
e̶̲̥̅̊
government should find a means t̶̲̥̅̊
o̶̲̥̅̊
provide a good Airoplane and stop turning Nigeria as a dumping grand.

ASHIRI GBOGBO YIN KONI

ASHIRI GBOGBO YIN KONI BOOO.LORUKO OLORUN.GOD WIL CONTINUE TO DISGRACE & EXPOSE YOU PEOPLE.

TAX

A sack director talking against his former employer? it is a sore grape, why cant he made the allegation when he was in the service of the company if he really love Nigeria and then resign, why is he talking nonsense now. He is just bitter.

jimoh and kinfe are robbers

The fG needs to prosecute these rogues,am
Am a staff of air nigeria,our pension for
A year was not remitted,our cooperative funds
Entered voice mail,our excess tay payt not
refunded,they are yet to pay may salaries a
and he wants to pay half salaries in june
Sahara and nigerians pls help cry to FG to
take the company from him and sell to a
serious investor

Lwkmfh @ ur comment! U r so

Lwkmfh @ ur comment! U r so right!

What about Dangote? I am sure

What about Dangote?
I am sure the FGN will recover more N400 billion from Dangote in unpaid taxes and customs duty if forensic audit is carried out on his companies

Good job! All these corporate

Good job! All these corporate thieves should be taught that it is not business as usual.

Dis re Jona friends and

Dis re Jona friends and business associates, youth stand up for ur right and kick jona out of Naija

Naija for Show

Yes is good to deal with these companies but after getting the money what impact it will have on the people. The looters in government house will just share it as usual. Ole gbe, ole gba.

About Time!

This is fantastic news! We ordinary citizens have to pay tax on the pennies we earn,why should this big corporates get away without paying their fair share.

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