Connect with us

    Hi, what are you looking for?

    Politics

    Reps Order Suspension of Customs Duty Collection by Banks

    House of Representatives Committee on Customs has asked the Nigeria Customs Service to suspend banks owing the service from further collecting duties until their debts have been cleared.

    Leke Abejide, chairman of the committee, stated this on Wednesday at a session between the members of the committee and representatives of the banks collecting duties on behalf of customs.

    According to him, investigations conducted so far by the committee reveal that five banks collectively owe the service about N10 billion.

    The debts, the lawmaker stated, were duties collected by the banks and have yet to be remitted to the accounts of customs.

    He stressed that an agreement has been reached with the service to ensure the implementation of the decision of the committee.

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Tech

    The 2025 edition of AI Forum Nigeria will convene leading figures in business, technology and government to deliberate on the growing shift toward artificial...

    Opinion

    By Blaise Udunze The Central Bank of Nigeria (CBN) 303rd Monetary Policy Committee (MPC) meeting arrived at a time of unprecedented tension within the...

    Business

    The highly-anticipated MAKEMS Jewelry Exhibition is set to dazzle jewelry enthusiasts once again this year, promising an unforgettable showcase of handmade and carefully-selected treasures....

    Tech

    Google, through its philanthropic arm Google.org, today announced a N3 Billion (US$2.1M) commitment to Nigeria to accelerate the nation’s digital transformation through a strategic, two-pillar initiative....