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Federal Government Orders EFCC To Investigate Kashamu's Firm

March 24, 2016

According to the Attorney-General, Mr. Kashamu’s company granted waivers of all arrears of remittances owed to the federal government by banks from 2004 through 2015.

The federal government has ordered the Economic and Financial Crimes Commission (EFCC) to investigate Kasmal International Services Limited, a company owned by Senator Buruji Kashamu, for its involvement in stamp duty fraud.

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The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, requested that the anti-graft agency investigate an agreement made between the Nigerian Postal Service and Kasmal International Services Limited for the collection of stamp duties from banks and other financial institutions in the country.

According to the Attorney-General, Mr. Kashamu’s company granted waivers of all arrears of remittances owed to the federal government by banks from 2004 through 2015.

Mr. Malami has also requested that the EFCC interrogate the former Post Master General of the Nigerian Postal Service, Ibrahim Mori Baba, and the Secretary and Legal Adviser of the Nigerian Postal Service, B.S. Yakubu.

The Attorney-General provided the EFCC with eleven documents, including a letter dated February 1, 2016 in which the Acting Post Master General of the Nigerian Postal Service admitted that despite the lack of a formal agreement between the Postal Service and Kasmal, Kasmal granted waivers of all arrears of remittances to all commercial banks and financial institutions in the country.

In his letter to the EFCC, the Attorney-General requested that the anti-graft agency submit a report to him within three weeks.

Topics
Corruption CRIME