Reps panel threatens to pause six banks from Customs responsibility sequence

reps-panel-threatens-to-pause-six-banks-from-customs-responsibility-sequence

The committee gave the banks two weeks to reconcile their accounts with the consultant working with it or possibility elimination from responsibility sequence.

The investigation into discrepancies in remittance of customs responsibility nonetheless by industrial banks took a new flip on Wednesday as the Home of Representatives Committee on Customs and Excise threatened to pause six banks from responsibility sequence.

The six banks are GT Bank, Wema Bank, Providus Bank, UBA, Ecobank and Normal Chartered Bank.

The Chairman of the Committee, Leke Abejide (ADC, Kogi), on the final public listening to, gave the banks two weeks to reconcile their accounts with the consultant working with the committee.

Mr Abejide acknowledged the committee will converse the Central Bank of Nigeria (CBN) to deduct all outstanding obligations resulting from the govt.from the accounts of the respective banks.

In step with the period in-between sage of the consultant, which was sighted by PREMIUM TIMES, Ecobank has dedication of N4.39 billion. The bank is but to present the remittance files of defunct Oceanic Bank, which Ecobank received in 2011.

Moreover, Normal Chartered Bank has sum of N2.44 billion unremitted to the purse of the govt.while Providus Bank has of N66.8 million to be remitted to the govt.

United Bank of Africa (UBA) has of N3.01 billion to be remitted to the govt, per the period in-between sage.

The sage important that GT bank factual forwarded its memoir assertion to the consultants, therefore, no reconciliation but.

“Reconcile with our consultants. We are providing you with 14days to enact so. Something after the acknowledged days, we can bring out the gargantuan stick in opposition to you by asking CBN to deduct from provide, and we will also delete you from customs tasks sequence,” Mr Abejide acknowledged on the listening to.

He also frowned at a pair of of the banks who despatched representatives who’re no longer conversant with the relate.

Mr Abejide, in an interview with PREMIUM TIMES, acknowledged the committee is working to style bigger the revenue-producing skill of the Nigerian Customs Carrier (NCS).

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