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Reading: Reps Committee quizzes Custom Over Non-Submission of 3 years Audited Financial Statement
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Citizenship Daily > Blog > Politics > Reps Committee quizzes Custom Over Non-Submission of 3 years Audited Financial Statement
Politics

Reps Committee quizzes Custom Over Non-Submission of 3 years Audited Financial Statement

Reporter
Last updated: February 14, 2024 11:01 pm
Reporter Published February 14, 2024
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Plenary session by House of Representatives
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By Our Correspondent

The House of Representatives Public Accounts Committee (PAC) has slammed Nigeria Customs Service over the non-submission of audited financial statements for the 2016, 2017, and 2018 financial years to the Auditor General to the federation.

This came to the limelight today, 30th January 2024 during the hearing of the Committee chaired by Representative Bamidele Salam.

The Controller General of Customs, Basir Adewale Adeniyi, who appeared with his lieutenants was questioned over the queries raised by the Auditor General to the federation on the 2017 audited report.

According to the queries, “Under-remittance of revenue into the federation account for the year 2017 in sum of N62,242,980,006.87, Discrepancies in Reported revenue figures, resulting in under-remittance of revenue of sum N63,601,805,270.67, Under-disclosure of outstanding remittance for the year 2016 to sum N10,473,681.51, Non-maintenance of bank statements and bank reconciliation statements, Non-maintenance of revenue collectors receipt

“Violation of E-payment policy of the federal government of sum N2,654,500.00 and Non-submission of audited financial statements for 2016,2017 and 2018 financial years”

The Controller General responded to the queries that only Common External Tariff is remitted into the Federation account by the OAGF, while others that are active are remitted into the Non-Federation Account.

He confirmed that there was an over remittance of N1,170,469,464.13 only, into the federation account, which showed that there was no under-remittance of N62,242,980,006.87.

He added that since the inception of the Treasury Single Account, Area commands do not maintain accounts with commercial banks, hence, all accounts closed and the revenue collected are remitted directly to the Central Bank of Nigeria (CBN), and the statements are accessed at the customs headquarters through CBN’s Transaction Query System(TQS)

According to him; “Since the introduction of repayment in 2009, the maintenance of treasury Book 6A for revenue collections was stopped. Rather, the repayment receipts on the Nigeria Integrated Customs Information System platform have replaced the treasury books 6A.

“The service does not have a fuel some and this necessitates the fuelling of the vehicles for operational purposes which cut across the four zonal headquarters and area commands across the nation for control purposes.

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