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Reps uncovers N10b unremitted Customs funds by banks

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Chairman of Committee on Customs, Leke Abejide

The House of Representatives, yesterday, said it had uncovered N10.6 billion unremitted Customs revenue from five commercial banks from 2009 till date.

Chairman of its Committee on Customs, Leke Abejide, who made the disclosure yesterday at the ongoing probe of financial institutions owing to the service, vowed that his panel would not leave any stone unturned in plugging leakages.

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He said the technical committee was working harmoniously with the finance ministry, CBN, and the Economic and Financial Crimes Commission (EFCC) to expose all excise duties collected on behalf of the organisation by some banks and remit same.

The probe, according to Abejide, is beginning to yield the desired result, as one of the affected banks has promised to remit its outstanding.

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