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NIGERIA: FG may blacklist 115 companies over fictitious contracts worth about N116bn

Barring last minute change of mind, the Federal Government may blacklist some of the 115 companies implicated in the alleged N116b fictitious contracts in the Office of the National Security Adviser (ONSA) during the tenure of ex-NSA Sambo Dasuki, Ripples has learnt.Among other things, some of the companies might be handed over to the Federal Inland Revenue Service (FIRS) for prosecution for tax default.
Ripples Nigeria gathered that some of the indicted firms may be blacklisted unless they comply with the directive to refund some funds meant for some unexecuted projects.

An impeccable source confirmed to Ripples last night that: “Some of these companies may be blacklisted from getting contracts from Ministries, Departments and Agencies unless they refund the contract sums illegally credited to them or collected and get clearance from the government.
“There are over 115 companies with issues on contracts in ONSA. Some of these firms risk being denied further transactions with the government and its agencies.
“It is certainly no longer business as usual in the country. The administration of President Muhammadu Buhari will not waiver in its fight against corruption.”
The source further hinted that apart from further probe of more than 300 persons and companies by EFCC, ICPC and the Nigeria Police, some of the firms may be handed over to the FIRS for tax evasion and other tax infractions.
SOURCE: RIPPLES NIGERIA

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