curator
Administrator
The House of Representatives Committee on Customs and Excise will soon commence investigations of the Nigeria National Petroleum Corporation (NNPC), Oando Plc and 498 companies allegedly granted waivers totalling N1.4 trillion by the federal government between 2009-2013.
All the companies have been summoned via a letter, dated January 27 and signed by the committee chairman, Sabo Nakudu (PDP, Jigawa), a copy of which was obtained by THISDAY.
Nakudu also in a separate letter to the Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonko-iweala, which was dated January 23, told the minister that as his committee was poised to carry out a comprehensive investigation into the granting of waivers and exemptions within the same period, the finance ministry should desist from such practice not favoured by law.
In its preliminary investigation, the committee had revealed that some of the companies had engaged in cases of round tripping the waivers granted them by making photocopies of such and using same multiple times. In some instances, they even imported other items that were not approved in the waivers.
Click here to read more
Source: Thisday Newspaper
All the companies have been summoned via a letter, dated January 27 and signed by the committee chairman, Sabo Nakudu (PDP, Jigawa), a copy of which was obtained by THISDAY.
Nakudu also in a separate letter to the Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonko-iweala, which was dated January 23, told the minister that as his committee was poised to carry out a comprehensive investigation into the granting of waivers and exemptions within the same period, the finance ministry should desist from such practice not favoured by law.
In its preliminary investigation, the committee had revealed that some of the companies had engaged in cases of round tripping the waivers granted them by making photocopies of such and using same multiple times. In some instances, they even imported other items that were not approved in the waivers.
Click here to read more
Source: Thisday Newspaper