Stella Dimoko Korkus.com: Nigeria’s Central Bank Chief Emefiele and Zenith Bank’s Chairman Jim Ovia Reacts To Tax Evasion Scandal

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Tuesday, 7 November 2017

Nigeria’s Central Bank Chief Emefiele and Zenith Bank’s Chairman Jim Ovia Reacts To Tax Evasion Scandal


Mr. Emefiele Responding to an enquiry sent to him by The Guardian UK explained why he and his partner adopted the suspicious leasing scheme in the acquisition of their aircraft



 
During the relevant period, our client and other senior executives utilized aircraft for business purposes,” the CBN governor said through London-based law firm, New Media LLP. “Our client understands that the leasing structures adopted were commonly and widely used in the aviation sector.


Independent professional advice was sought at the relevant time, both on selection of appropriate aircraft register and, with respect to tax and importation issues, from Ernst & Young, a world leading audit and tax advisory service provider. Our client understands that all importations were carried out in accordance with that advice and the rules and laws applicable to the relevant jurisdictions at the time.


Mr. Ovia also rejected the allegation that he may have been involved in “aggressive tax avoidance” or “financial crime”. Independent professional advice was taken from the international firm of Ernst & Young LLC with respect to all relevant tax issues.


From Premium Times

3 comments:

Miss Ess said...

Hmmm.....

Anonymous said...

See their nose,ole ole

Anonymous said...

My point is why would you even give access to such thieving faces, especially the one with irritating nose hair. Ish

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