Reps Committee issues 14-day ultimatum to banks over alleged N10bn unremited Customs Duty



 The House of Representatives Committee on Customs have given two weeks ultimatum to financial   reconcile and remit all outstanding Customs Duties the Federal Government.

The Chairman of the Committee, Rep. Leke Abejide (ADC-Kogi) issued the ultimatum at an investigative hearing on Wednesday in Abuja.

The News Agency of Nigeria (NAN) reports investigative hearing was on alleged non-remittance of N10 billion customs duty the Federal Government by commercial banks.

Leke said Bank are Bank, Providus bank, Guaranteed Trust Bank, Eco Bank, United Bank of Africa (UBA) and Standard Charted Bank.

The lawmaker said that Eco Bank is owing N4.4 billion, UBA, N3 billion and Standard Charted Bank is owing N2.4 bullion.

The chairman said committee wants  conclude its investigations within the period enable participate in the 2022 budget defence.

“Failure reconcile our consultants and pay up the outstandings before two week, we will the power of the gavel,” he said.

He threatened write the Bank of Nigeria (CBN) to deduct all outstanding from source and blacklist from collecting customs duty.

He said that there are 15 other to be investigated and committee was determined to recovered every single kobo back to the Federal Government. (NAN)