E-Financial
Reps Order Suspension of Customs Duty Collection by Banks
House of Representatives Committee on Customs has asked the Nigeria Customs Service to suspend banks owing the service from further collecting duties until their debts have been cleared.
Leke Abejide, chairman of the committee, stated this on Wednesday 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.
He stressed that an agreement has been reached with the service to ensure the implementation of the decision of the committee.