The Federal Inland Revenue Service (FIRS) has debunked giving N90 billion to Nigeria’s Vice President Yemi Osibanjo for the ruling All Progressives Congress 2019 election campaign.

“In the last four years since Tunde Fowler has supervised operations at the FIRS, the agency had not received up to N90 billion per annum, as cost of collection from the Federation Accounts Allocation Committee (FAAC),” FIRS’ director of information, Wahab Gbadamosi, said in a statement on Monday.

“The entire allegation being spread by one Frank Timi that the Federal inland Revenue Service spent N90 billion to fund the last election is mendacious, wicked, malicious and a calculated attempt to smear the image of the service and that of His Excellency, the vice president, Prof. Yemi Osinbajo.”

A former Deputy National Publicity Secretary of the All Progressives Congress (APC), Timi Frank alleged that Osinbajo’s travail was due to mismanagement of about N90 billion Naira released by the FIRS to sponsor the last general elections in favour of the APC.

Gbadamosi, however, stated that the service pays the salary and emoluments and trains its over 8,000 staff, runs over 150 offices through the remittances from FAAC, which according to him, had never grossed up to N100 billion per annum.

“The agency is subject to the eagle eye scrutiny, supervision and close monitoring by the National Assembly, the federation account allocation Committee and the ministry of finance through the office of the accountant general of the federation,” Gbadamosi said.

Gbadamosi said the agency will file a libel suit if Frank refuses to tender an apology in three major newspapers within the next 24 hours.

Wahab said Frank and “his band of liars” should cross-check from FAAC whose records are open to the public before making allegations.

Frank said in another statement on Tuesday that he is standing by his claims.