Senate Public Account Committee ( SPAC) has launched investigation into how Nigerian Customs Service under remittance N62 billion in the revenue generated by the agency .
The revealation of the under remittance is contained in 2017 Auditor General Report which is currently being considered by the Committee chaired by Senator Ahmed Wadada.
The query reads, ” in the report of NCS summary of the monthly collection 2017 total collection for the Federation account were N691 billion .
” However , the receipt of NCS collection and remittance into Federation account 2017 showed actual remittance into Federation account with the CBN for the year under review to be N629 billion .
” A comparison of these two documents revealed an under remittance N62 billion.
” There was no footnote or any form of additional information attached to the two reports.showing the reasons for the discrepancies neither there was any form of communication of the management on the intention for the future reconciliation or remittance .
” The above anomalies could attributed weaknesses in the internal control system at Nigeria Customs Service Headquarters Abuja.”
The Chairman of the committee therefore gave the Customs to come up with their defence on the allegation of under remittance in two weeks time.
Meanwhile, Senate has mandated the Nigerian Port Authority (NPA) to appear it over $852m debt by the operators
He said NPA was unable to recover the debt because tenants were forcefully evicted from the estate due to concession agreement in 2006.
