Nigeria’s foremost whistleblower, Dr. George Uboh, says Premiere Lotto limited (PLL), popularly known as “Baba Ijebu”, owned by Chief Kessington Adebutu, makes a whopping N1 billion daily but pays flat tax rate of approximately 500 million Naira per annum to the Federal Government, which is a fraction of the real tax exposure.
Uboh uncovered this sum through the George Uboh Whistleblowers Network [GUWN], which is a conglomerate of different whistleblowers nationwide ranging from bankers, Federal Inland Revenue Service [FIRS] staff, et al.
He questioned while Premiere Lotto pays flat tax rate of approximately 500 million Naira per annum while actually taking in over N365 billion per annum.
Berating the norm in an interview with Elombah.com, Uboh asked “On what pretext does Premiere Lotto pay flat tax rate of approximately 500 million Naira per annum while actually taking in over N365 billion per annum?
“Is 500 million Naira commensurate to over N365 billion in taxes?
“Is there really anything like “flat tax rate”? Is it not PAYE [Pay As You Earn],” Uboh questioned.
A report by Elombah.com, reveals that GUWN wrote PLL [Baba Ijebu] on August 30, 2017, via Freedom of Information [FoI] Act to furnish documents indicating daily revenue/intake/gross receipts, taxes paid, assets owned, but the lottery company till date, failed to furnish details germane to the above information.
Uboh revealed that the mafia-style operation of Baba Ijebu, is reminiscence of how the Italian and Jewish mafia ran gambling in Las Vegas, noting that the justice department launched serious criminal investigations which led to hundreds of arrests and convictions hence sanitized the influence of the mafia in the gaming industry.