Reps summon Customs over non-rendition of audit accounts

• As report indicts NNPC, CBN, others on $21.2bn under-remittance

The Public Accounts Committee, (PAC) of the House of Representatives on Thursday summoned the Nigerian Customs Service, NSC, over non-rendition of the audited financial accounts to the office of the Audit General of the Federation from between 2017 and 2019 financial years.

The Committee being chaired by Hon Busayo Oluwole Oke (PDP-OSUN), handed down the ruling while grilling the Management of the Agency led by Comptroller of Customs Hameed Ibrahim on the audit queries raised against the Agency by the office of the Auditor General of the Federation.

Ibrahim had told the Committee that the reports were being delayed by the external Auditor engaged by the Agency and that the Auditor had promised to make the reports available soon, which the Committee turned down but requested for a specific time the reports would be ready for rendition.

The NCS representative then pleaded for more time for the external Auditor to complete his job to facilitate the rendition.

Consequently, the Chairman of the Committee, Hon Oke, rule that the Auditor of the NCS, should appear before the committee to come and brief the parliament on why audited accounts of the Agency were being delayed for three years, following a motion moved to that effect by a member of the Committee.

Hon Oke stated that this became necessary so as to give the NCS chance of fair hearing on the audit query raised by the office of the Auditor General of the Federation against the Service.

This came just as a report from forensic auditors, KPMG has indicted about seven government revenue-generating agencies for under-remitting over N526.35 billion and $21.199 billion to the Federation Account between January 2010 and June 2015.

A report laid before the House of Representatives Committee on Public Accounts which made available to newsmen in Abuja also showed that four other agencies under-remitted revenue to the Consolidated Revenue Fund amounting to about N49.160 billion within the same period.

The report listed possible under remittances or over remittance against the Nigerian National Petroleum Corporation (NNPC) as N557,852, 222,257.28 and $9,048,920,931.38 while the figure listed against the Central Bank of Nigeria (CBN) stood at N39,313,909.42 and $29,261,227.46.

It also listed N6,995,100,228.35 against the Nigeria Customs Service (NCS), N292,287,246.65 against the Federal Inland Revenue Service (FIRS), $570,632,772.46 against the Department of Petroleum Resources (DPR) and $4,138,465,740.01 against the Federal Government.

It however explained that “NNPC represented that it has an outstanding claim of N797,710,684,354.00 against the federation prior to 1, January 2010.

This period does not relate to our view period. Hence the legacy claim is not reflected in our figure above.” the report added.

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

We Have Not Had Water Supply In Months ― Abeokuta Residents

In spite of the huge investment in the water sector by the government and international organisations, water scarcity has grown to become a perennial nightmare for residents of Abeokuta, the Ogun State capital. This report x-rays the lives and experiences of residents in getting clean, potable and affordable water amidst the surge of COVID-19 cases in the state.

Selfies, video calls and Chinese documentaries: The things you’ll meet onboard Lagos-Ibadan train

The Lagos-Ibadan railway was inaugurated recently for a full paid operation by the Nigerian Railway Corporation after about a year of free test-run. Our reporter joined the train to and fro Lagos from Ibadan and tells his experience in this report…

[ICYMI] Lekki Shootings: Why We Lied About Our Presence — General Taiwo

The Lagos State Judicial Panel of Inquiry probing the killings at Lekki Toll Gate, on Saturday resumed viewing of the 24hrs footage of the October 20, 2020 shooting of #EndSARS protesters by personnel of the Nigerian Army…

Reps summon Nigerian custom service  ;  Reps summon Nigerian custom service  ;  Reps summon Nigerian custom service

You might also like
Comments

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More