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    ‘Finance Ministry debunks claims on Exemption on Armoured Vehicles’

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    Babatunde Akinsolahttps://naija247news.com
    Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

    Stella-OduahAs the controversy over the purchase of vehicles by some parastatals in the Aviation Ministry continues to dominate national discourse, the Ministry of Finance has declared that it did not grant any exemption on the contentious armoured cars, which have ignited public outcry.

    The Finance Ministry, however,  stated that waivers were granted to the Lagos State Government, which had applied for such concessions and met the laid down criteria.

    A statement issued Thursday by Mr. Paul Nwabuikwu, Special Adviser to the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala pointed out that recent media reports to the effect “that the Federal Ministry of Finance granted a waiver to Coscharis Motors Nigeria Ltd. for the purchase of armoured cars are totally false and without foundation.”

    “Rather, on June 23, 2012, the Lagos State Government applied for Waiver of Destination Inspection Charges and Duty Exemptions for Coscharis Motors Nigeria Ltd, the official Automobile Partner for the National Sports Festival (“EKO 2012”), to purchase 300 vehicles on its behalf for the event,” the statement clarified.

    It added that the Lagos State Government met the laid down criteria, prompting the granting of the waiver.
    Details to follow

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