Wednesday, December 8, 2021

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Reps order suspension of Customs duty collection by banks

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

Chairman of the Committee on Customs, Leke Abejide, stated this 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.

According to Abejide, an agreement has been reached with the service to ensure the implementation of the decision of the committee.

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