• News - North Central - FCT
  • Updated: December 06, 2023

Senate investigates Customs over N62bn under remittance

Senate investigates Customs over N62bn under remittance

The Senate Public Account Committee has initiated an inquiry into the Nigerian Customs Service for allegedly underremitting N62 billion in generated revenue.

The revelation surfaced from the 2017 Auditor General Report currently under review by the committee led by Senator Ahmed Wadada.

The query reads, “In the report of NCS summary of the monthly collection 2017 total collection for the federation account were N691bn.

“However, the receipt of NCS collection and remittance into Federation Account 2017 showed actual remittance into the account with the CBN for the year under review to be N629bn.

“A comparison of these two documents revealed an under remittance N62bn.

“There was no footnote or any form of additional information attached to the two reports showing the reasons for the discrepancies neither there was any form of communication of the management on the intention for the future reconciliation or remittance

“The above anomalies could be attributed to weaknesses in the internal control system at Nigeria Customs Service Headquarters Abuja.”

Consequently, the committee's chairman requested that the Customs present their defence regarding the under-remittance allegation within two weeks.

Related Topics

Join our Telegram platform to get news update Join Now

0 Comment(s)

See this post in...


We have selected third parties to use cookies for technical purposes as specified in the Cookie Policy. Use the “Accept All” button to consent or “Customize” button to set your cookie tracking settings