OrderPaperToday – The Senate on Wednesday said it would investigate the Nigeria Customs Service (NCS) over unremitted 80% operating surplus into the Consolidated Revenue Fund within the last five years.
This was disclosed at the public hearing organised by the Senate Joint Committees on Finance; National Planning; Foreign and Local Debts; Banking, Insurance and other Financial Institutions; and Petroleum Resources with revenue generation and management agencies of the federal government.
Making the allegations, the Chairman, Committee on Finance, Solomon Adeola Olamilekan (APC, Lagos West ) accused the NCS of not remitting its operating surpluses within the last five years.
“We are going to look at the revenue and expenditure estimate within the last
five years. If you spent 100% of your budgetary allocations, nobody will ask for anything, but if not, we will do our calculations,” Olamilekan stated.
The Committee therefore ruled that NCS should be investigated on revenue surplus from 2016 to 2020.
Sen. Olamilekan also directed the NCS to make available audited accounts of the Service for the last five years, the revenue profile and expenditure profile for the period under review
He also directed the Accountant General of the Federation and Fiscal Responsibility Commission (FRC) to be part of the investigation to ensure that the Senate gets to the root of the matter.
Recall that the Committee had also taken the Central Bank of Nigeria (CBN) to task over alleged non-remittance of operating surpluses, a claim debunked by the apex bank.
Earlier, in a bid to address the problem of smuggling and other related challenges, the NCS disclosed plan to deploy scanners at various ports and borders across the country.
The Comptroller General of Customs, Col. Hameed Ali (rtd), while speaking at the hearing, attributed the challenges in revenue generation by the NCS to issues of smuggling, especially at borders.