The House of Representatives Committee on Customs said on Wednesday, September 1, 2021 that it was working with the Economic and Financial Crimes Commission and others to recover the N10.6bn customs and excise duties collected by five unnamed commercial banks.
The Chairman of the committee, Leke Abejide, said this at an investigative hearing organised by his panel.
He said that the committee was determined to recover all unremitted funds and block all leakages before the end of 2021.
He said that the committee was currently working with the Federal Ministry of Finance, the Central Bank of Nigeria and the EFCC on the recovery mission.
Abejide ordered all the affected banks to provide necessary document to the auditors for reconciliation and onward payment.
He said: “We have been on this assignment for about a year now. It was because of COVID-19 that we could not do much last year but we are determined to finish it before the end of 2021.
“The assignment is so important because the major issues confronting Nigeria today is inadequate revenue and this is as a result of leakages everywhere.
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