The Chief Executive Officer (CEO), Panic Alert Security System (PASS), Mr. George Uboh, on Saturday revealed that the Economic and Financial Crimes Commission (EFCC), recovered over N1.7bn from 15 companies on behalf of the Federal Inland Revenue Service (FIRS), but failed to remit same to the agency.
It would be recalled that Uboh during his  appearance before the Senate  Committee on Ethics, Privileges and Public Petition on August 26, 2015 alleged that the EFCC Chairman, Ibrahim Lamorde short-changed Nigeria of over N2tn.
However, in an interview with reporters in Abuja on Saturday, Uboh argued that the over N1.7bn recovered from 15 companies were  “over-due taxes on behalf of FIRS.”
Uboh also made an allegation that the said sum was not remitted to the agency, adding, “FIRS in its submission denied receiving any payments/transfers from EFCC in respect of the said companies.”
The security expert who insisted that the funds were recovered between 2010 and 2011, suggested that any member of the public who want details of his earlier N2tn seized by EFCC but unremitted to government should download the documents from his website:
He also expressed the determination to expose the country’s former presidents, vice presidents, current and ex-governors as well as the current administration over numerous shady practices.
A break down of the N1,767,594,842.65 alleged to have been recovered by the EFCC alongside the list of 15 companies include:  Zakhem Construction Limited ”” N401m; Daewoo Nigeria Limited ”” N208m; WAPCO ”” N311m; Mikano International Limited ””N16m; Protea Hotel, Apo Apartments ”” N10m; Reiz Continental Hotels ”” N32m; Coscharis Motors Limited ”” N130m; and Elizade Nigeria Limited ”” N555m.
Others are ITCC Technical Limited, Kaduna ”” N47m; Grand Ibro Hotel, Abuja ”” N14m; Efab Properties, Abuja ”” N19m; Le Meridien Hotel, Port Harcourt ”“ N10m; Northern Nigeria Flour Mills Plc ”“ N2.7m; Ni’ Ima Guest Palace ”“ N2.8m; and Okomu Oil Palm Plc ”“ N5m.

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