The allegations against Vice President Yemi over N90 billion taken from FIRS to fund the 2019 election by Timi Frank is totally false and malicious.
FIRS in a statement said “the attention of the Federal Inland Revenue Service, FIRS, has been drawn to publication in some online and daily newspapers by a certain Comrade Timi Frank, the former Deputy National Publicity Secretary of the All Progressives Congress (APC), who claimed that the FIRS gave out 90billion fund to the APC, through the Vice President Yemi Osinbajo is a phantom N90 billion.”
The Director of Communication and Servicom Wahab Gbadamosi, claimed that the allegations are spiteful, wicked and it is an attempt to destroy the image of the FIRS and that of the Vice President. FIRS also stated it is not reasonable nor does it make any sense that FIRS will commit its resources to a phantom campaign of N90 billion as suggested by Mr Timi Frank. They also made it known that FIRS does not fund political associations.
“FIRS is a creation of statute and its activities are governed by the laws of the Federal Republic of Nigeria, and financials regulations and thus, it is not credible, that its funds could be disbursed in such a dismissive manner as claimed by Mr Timi Frank”
“FIRS Budget and expenditure approval processes pass through the Budget Office and the Ministry of Finance before such is presented to the National Assembly for Appropriation into Law” they noted. They, however, asked members of the public to ignore the rumour spread by Mr Timi Frank.