The Economic and Financial Crimes Commission, EFCC, has arrested a former Chairman of the Federal Inland Revenue Service, FIRS, Babatunde Fowler, over an alleged N5bn fraud perpetrated under his watch.
Fowler, sacked by President Muhammadu Buhari in 2019 after a query for worsening tax revenues since 2015, is currently being interrogated at the Lagos office of the EFCC.
He was also accused of poor corporate governance structures at the FIRS, poor audits inside the organisation , diversion of funds, brazen corruption, award of contracts to relatives and bankrolling extravagant parties and concerts.
Also Read: Senate rejects N5bn bailout for airline operators, others
Nine other senior officials of the agency had earlier been detained by the EFCC, over alleged multi-billion naira fraud in 2019.
