- A Senate committee said it has recovered N140 billion from 32 leakage channels
- The committee claimed that 60 companies voluntarily remitted N12 billion while banks returned N128 billion
- The money is reportedly part of the alleged loss of N30 trillion in Nigeria’s import and export value chain
The Nigerian Senate on Wednesday, October 18, said it has recovered N140 billion from 32 leakages linked to the alleged missing N30 trillion in Nigeria's import and export value chain.
Senate joint committee on customs, excise, tariffs and marine transport has also requested for additional eight weeks to carry out its investigations on leakages in the sector.
The Senate identified the 32 leakage channels as the major sources of revenue losses in the import and export business.
Premium Times reports that the committee made this request for time extension while also disclosing that it had recovered over N140 billion from banks and companies following its probe into the alleged loss of N30 trillion in Nigeria’s import and export value chain.
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The committee chair, in the report it presented said: "As a result of this exercise, some collection banks have made additional remittances to the Central Bank of Nigeria to the tune of N128 billon and evidence of payment and receipt has been received by the committee.
“From the selected 60 companies, over N12 billion payment have been made to the government voluntarily by the companies based on their internal self-audit after receiving documented evidence of their culpability from our committee.
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“It is instructive to note that despite all the payments so far made, none of the approved collection banks or the selected companies has fully cleared the established liabilities against them."
Meanwhile, NAIJ.com previously reported that the Senate committee on ethics, privileges and public petitions has invited Maikanti Baru, the group managing director of the Nigerian National Petroleum Corporation and Osagie Okubor, the managing director of Shell Petroleum Development Company of Nigeria Limited, over the revocation of the licence of an oilfield, OML 13.
The oilfield was allegedly awarded to NNPC, a subsidiary of the company, through an executive fiat.
The invitation followed a probe into the deal by the committee based on a petition to the Senate by Longers Anyanwu, the national coordinator, global peace and sustainability network.
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Source: Naij.com
ROSY CREST
Thursday, 19 October 2017