▲
▼

Welcome to NairaPark (NP)

It's possible to achieve your sales target through NairaPark. Learn How »

Don't miss Daily Updates

 
Name:
 
Email:
 
Mobile:

 
Keep me posted

Member Login

 
Lost your password?
 

NairaPark Statistics

45,100 Members    |    173 Online
Friday, February 23, 2018.

Not a Member? Sign Up!

 Male  Female  Terms
 
Nigerian News » Politics
 
 

 

N30tn leakage: Senate panel quizzes Airtel, BUA, 61 others


 
Posted 6 months, 3 wks ago
 
 
 
 
 
The Senate Joint Committee on Customs and Marine Transport, as part of its investigation into the alleged N30tn revenue leakage in the import and export value chain, has quizzed over 60 companies.

The Chairman of the joint committee, Senator Hope Uzodinma, said at an investigative meeting with of some the companies in Abuja on Tuesday that the firms would be invited in batches.

He stated that the panel would do anything to recover the funds.

The lawmaker stated that with the success achieved by the panel so far, it would do its best to bring the investigation to a conclusion soon.

He said the committee had already identified about 60 companies whose infractions were within the range of N10bn and above, after which it would move to the next batch.

Companies invited to Tuesday’s meeting are Airtel Nigeria, British American Tobacco Company, CCECC Nigeria Limited, the BUA Group, China Export Limited, CFAO Group, Chi Limited, Bhojsons Limited, Bharat Ventures Limited and the Boulos Group.

Others are African Wire and Allied Limited, Admiral Overseas Nigeria Limited, CKS International Limited, Abyem-Diva International Limited and Aarti Steel Nigeria Limited.

While decrying the level of complicity in the import and export value chain in the country, Uzodinma said the National Assembly would ensure that measures were taken to stop the corruption.

He said, “This is a continuation of the investigation that is ongoing and we have now started interfacing with the various companies that are directly involved in the infractions that we identified in the course of our investigation.

“Most of the companies have no evidence to show that our position is not correct. So, it is our hope that working together, whether you are from the executive arm, judiciary or the legislature, we must acknowledge the need for us to protect our national interest. We must grow this economy. Over the years, we over relied on oil revenue.”

He added, “The only way to rescue the economy from the present state is to expand our sources of income by strengthening the non-oil revenue earnings.

“The companies have pleaded to come back on Tuesday, and then we will invite the Nigeria Customs Service to issue necessary demand notices to all established cases. Then, the companies will make payments into the Federation Account with the Central Bank of Nigeria.”

Uzodinma explained that the probe was being done in stages, adding that the committee had interfaced with the commercial banks, collecting banks and the various agencies of government.

“It won’t be out of place to give them one week to get back to us. We will do this to satisfy the doctrine of fair hearing; and if there is anything they have to say to the contrary, they will have the opportunity to defend themselves. We do hope that after the session, the government will be able to earn more money,” he added.
 
 
 
 
 

Bulk SMS Business in Nigeria - Get a Bulk SMS Reseller Plan

 
Own a Bulk SMS Website that sends bulk sms to DND and NON-DND Numbers Reseller as you become an SMS Gateway Provider. Enjoy Cheap Bulk SMS, Free Domain and Hosting, Branded Apps, Recharge Voucher, Online Payment and lots more. Call/Whatsapp 08160266850.
https://www.angelbulksms.com/sms-reseller
 
 
 
You might also like:
 
Banks get two weeks to settle complaints

Banks and other financial institutions must settle customers’ complaints on overcharge, unauthorised deductions and other matters within two weeks,...

Fate of missing schoolgirls uncertain

A Cloud of uncertainty was hanging yesterday on the fate of the girls reportedly abducted at the Government Girls Science Technical College, Dapchi,...

IGP orders recovery of prohibited firearms, weapons, ammunition in Nigeria

The Inspector-General of Police,( IGP), Mr Ibrahim Idris, has directed Commissioners of Police of all the State Commands and the Federal Capital...

Buhari tells APC govs to give him more time to decide on 2019

President Mohammadu Buhari on Thursday asked governors on the platform of the All Progressive Congress, (APC) to give him more time to decide whether...

EFCC recovers N102m for Bank of Agriculture

The Economic and Financial Crimes Commission ( EFCC ), Kaduna zonal office, has recovered N102 million diverted from the Bank of Agriculture ( BOA )...

 
Outsourced Credit Control, Cash Flow, Debt Collection, Track and Trace, Loan Collection
 
 

 

 
 
 
 
Bulk SMS Widget
Type your message:
Schedule Message
image
 
 
Own an attractive Website along with Free Web Hosting, Domain Registration, Search Engine Submission and unlimited Email Accounts. Start Now »
 
73 Kobo Bulk SMS Service
1501662053
 
 
 
 
 
 
 
 
Signup on NairaPark NairaPark © 2010 - 2018 - All rights reserved. Signin to NairaPark
NairaPark © 2010 - 2018 - All rights reserved.

 
[x] Close

Not a Member? Sign Up!

 
 Male  Female  Terms
 

Already Registered? Sign In!

 
 

Forgot Password? Reset Now!