Late Yar’Adua foundation denies ownership of property as ICPC probes

Late Yar’Adua foundation denies ownership of property as ICPC probes

- The Shehu Musa Yar’Adua Foundation says it is not the owner of the property linked to it in Abuja

- The foundation notifies Nigerians that it always complies with the country's tax laws

- The clarification becomes necessary as the ICPC prepares to seize assets worth N4.8 billion from alleged tax evaders

The Shehu Musa Yar’Adua Foundation has reportedly denied that it owns the property linked to it by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) which has concluded plans to seize assets worth N4.8 billion.

The denial was made by the director general of the foundation, Jacqueline Farris, in a statement in Abuja.

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Daily Sun quotes the statement as saying: “Our attention has been drawn to a newspaper article citing ICPC spokesperson, Mrs Rasheedat Okoduwa, claiming seizure of property belonging to the Shehu Musa Yar’Adua Foundation for tax evasion.

“Following our request for clarification, the Independent Corrupt Practices and Other Related Offences Commission has confirmed that their reference is not to the Shehu Musa Yar’Adua Foundation, RC No. 350618.

“For the record, the Yar’Adua foundation owns no property apart from the Shehu Musa Yar’Adua Centre located at One Memorial Drive, Central Business District, Abuja.

“The foundation wishes to assure the public that we are in full compliance with all tax regulations and have received our tax certificate for the year 2018 TCC NO: 10459848.”

Legit.ng earlier reported that the ICPC reportedly concluded plans to seize plots of land and buildings worth N4.8 billion from 30 companies operating in Nigeria.

The anti-graft body took the decision to take over the properties located in different parts of the Federal Capital Territory (FCT) because of complaint by the Federal Inland Revenue Service (FIRS) that the firms had defaulted in the payment of prescribed taxes to the government despite several reminders.

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The report said the properties to be seized include 22.9 hectares of undeveloped land, one plaza, and a block of six two-bedroom flats located in Wuse, Zone One, Abuja belonging to the Shehu Musa Yar’adua Foundation.

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Source: Legit Nigeria

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