FEATURED
UBA, Ecobank, Wema Bank In Alleged Multi-billion Naira Customs Duty Collections Default, Quizzed By Reps Panel
The House of Representatives Committee on Customs and Excise has quizzed six banks over their failure to remit Customs duty collected into the federal government’s coffer.
The six banks are UBA, Ecobank, GT Bank, Wema Bank, Providus Bank and Standard Chartered Bank.
The committee, chaired by Rep Leke Abejide at its resumed hearing on Wednesday, gave the banks two weeks to reconcile their accounts with the consultant working with it or risk removal from duty collection.
Rep Abejide threatened the committee will direct the Central Bank of Nigeria (CBN) to deduct all outstanding obligations due to the government from the accounts of the respective banks.
The chairman of the committee said its interim report showed that Ecobank had an outstanding commitment of N4.39 billion just as he said the bank was yet to provide the remittance data of defunct Oceanic Bank, which Ecobank acquired in 2011.
The committee also said that Standard Chartered Bank had an outstanding remittance of N2.44 billion while Providus Bank had an outstanding of N66.8 million to be remitted to the government.
United Bank of Africa (UBA) has an outstanding of N3.01 billion to be remitted to the government, according to the interim report.
The interim report of the committee indicated that GT bank just forwarded its account statement to the consultants, hence, no reconciliation yet.
Daily Trust reports that the committee has been holding investigative hearings into discrepancies in remittance of customs duty collected by the affected commercial banks.
(Daily Trust)
Bakare Reveals Why He Rejected Tinubu’s Ministerial Appointment
Oil Theft: Navy Arrests 259 Suspects, Recovers 7.48m Litres Of Stolen Products
2027: Makinde Dares Political Godfathers, Says God, Nigerians Will Give Him Presidency
Obasanjo Blames Leadership Failures for Nigeria’s Insecurity, Poverty, Mass Migration
50 Years Later, In The Same Hall Built For FESTAC ’77: Afreximbank Finally Puts Money Behind Film About FESTAC ’77
‘They Were Warned’: Delta Govt Says Asaba Death Could Have Been Avoided If NDC Had Not Ignored Police Advice
Minimum Wage: NLC Rejects FG’s 2027 Timeline, Demands Immediate Talks
Lagos Shuts Church After Resident Complains of Sleepless Nights, Threats
Omo-Agege Alleges Thugs Attacked NDC Campaigners In Asaba, Demands Arrest Of Organiser
Gidan Taba Massacre: Bandits Burnt Family Of 12 Alive After They Locked Door To Escape Abduction In Zamfara
Three Killed, Seven Injured in Two Separate Road Crashes in Ogun
EFCC Boss To Churches: Reject Stolen Donations Like Adeboye Did
One Dead, Five Injured As Obedient/OK Rally For NDC Candidate Turns Violent In Asaba
NUJ: No Journalist Arrested Under Oborevwori, Names Him Media-Friendly Governor Of The Year
2027: ‘I Have Seen The Light’ — Okowa Dumps Atiku, Backs Tinubu In Port Harcourt
