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)
Fresh Kidnap Attack Rocks Benue Highway, Three Abducted, Driver Shot
ICPC Vows to Name Owners of Recovered Assets, Publish Details
Brooklyn Collapse: How Nigerian Landlord Dodged Crackdown For 26 Years Before Building Killed 8
NDLEA Arrests US Basketball Player With 33.95kg Cannabis at Lagos Airport
NLC Gives Oborevwori 2-Week Ultimatum Over Ban On Motorcycle Union, Threatens Showdown In Delta
Akpabio Dares Amaechi to Produce Evidence of Alleged 50% NDDC Deductions
2027 Election: Obaze Urges Obidients to Become INEC Ad Hoc Staff to Prevent Rigging
Dokubo-Asari Declares ‘Suffering Of Ijaw People In Gelegele Has Come To An End’
Oborevwori Celebrates Bishop Ewherido, Fr. Anamali 40th Priestly Anniversary In Warri
ICPC Recovers ₦5.3bn From LG Accounts In 7 States, FCT, Moves To Put Every LG’s Books Online
Nigeria Cannot Progress With Primitive Leadership Selection, Jonathan Warns
Amupitan Not Resigning — INEC Debunks Viral Image After London’s Chatham Protest
‘Every Win Encourages Us To Do Better’ — Oborevwori Reacts To Sun Governor Of The Year Award
Bayelsa Gas Deal With US Firm Could Exceed $3bn Guyana Project – Fulcrum CEO
Why Malaysian Police Shot Dead Nigerian Man After Officer’s Hand Was Severed.
