There are indications that Mr. Olufolarin Ogunsanwo, the Chairman of the Lagos Internal Revenue Service, LIRS was sacked for financial mismanagement.
His retirement was communicated last week, however, Sahara Reporters is suggesting that reliable sources stated that Ogunsanwo was fired for not being able to account for about NGN4,2 billion belonging to the tax agency.
Ogunsanwo succeeded Tunde Fowler who has since been appointed by President Mohammadu Buhari as the Chairman of Federal Inland Revenue Service, FIRS.
However, media reports suggested that he was given a soft landing after he managed to return NGN1,2 billion and was then asked to go on a compulsory leave.
Ogunsanwo was said to have stirred the hornet’s nest when he sacked all officials appointed by his predecessor. It is not clear if he was witch-hunted by the powers who eventually exposed his financial indiscretions.
Lagos state is Nigeria’s most buoyant state generating about NGN25 billion in tax revenue monthly. At the last Q1 2016 revenue report, the state recorded total revenue rose to NGN101.6 billion compared to NGN 97.28 billion the state made in Q1 2015.