House Of Reps To Begin Investigation Of Revenue Leakages In Customs, CBN,...

House Of Reps To Begin Investigation Of Revenue Leakages In Customs, CBN, Others

By Wires Editor | The Trent on January 24, 2020
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Femi Gbajabiamila, Speaker of the House of Representatives
Femi Gbajabiamila, Speaker of the House of Representatives

The House of Representatives Committee on Public Accounts on Thursday, January 23, 2020, revealed that it is going to begin investigations into Ministries Departments and Agencies that are shortchanging the Federal Government Accounts in terms of non-remittances of revenue.

This comes on the heels of on a nationwide System Study and Review of Revenue Generating Agencies in the country by the Independent Corrupt Practices and Other Related Offences Commission, ICPC, and the Office of the Auditor-General of the Federation.

According to the chairman of the House Committee on Public Accounts, Oluwole Oke (PDP Osun) the exercise is in order to reduce huge revenue losses and leakages in government finance.

He said the House of Representatives at its plenary session of Tuesday, December 10, 2019, debated a motion on the “Need to Investigate the Deliberate and Reckless Refusal by Non-Treasury Funded Ministries, Departments and Agencies, MDAs, to Render Audited Accounts covering 2014-2018 to the Auditor-General of the Federation“

The lawmaker explained that the House has mandated the PAC to investigate the allegations and report back to the House within six (6) weeks.

“The Committee having began its investigations called for and received memos from MDAs and Stakeholders,” he said.

MDAs that have been listed to attend the public hearing by the committee include the Central Bank of Nigeria, CBN, Nigerian National Petroleum Corporation, NNPC, Nigeria Customs Service, NCS, Federal Inland Revenue Service, FIRS, Bank of Agriculture, BOA, Bank of Industry, BOI, Nigeria Export Import Bank, NEXIM, and 255 others.

According to Oke, the investigation is to begin from Monday, February 3, 2020, to February 7, 2020.

Read more at The Nation

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