x

House of Reps investigates alleged revenue leakage of $30b

The House of Representatives has opened investigations into Nigeria’s loss of more than 30 billion dollars annually in the past ten years from foreign exchange allocation and tax evasion.

At the maiden investigative hearing, one of the invited banks disclosed that it is in court to stop the parliament from going ahead with the investigations.

National Assembly Correspondent Joke Adisa reports that the mandate before the joint Committee of the House on Finance as well as Banking and Currency is to unravel the truth surrounding an allegation that the country loses about thirty billion dollars every year to tax evasion and other malpractices.

The Speaker of the House declared the investigative hearing open resolving that the parliament will plug all loopholes

As the technical session opens, one of the five banks slated to appear before the legislators insisted it is in possesion of a court order which stops it from exposing its foreign exchange records to the lawmakers.

The representative of Unity Bank, Usman Abdulkadir, was asked to represent the bank’s memorandum and appear at a later date.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Civil War Was Fought for Unity, Not Hatred — Gowon

Former Head of State, General Yakubu Gowon (rtd), has...

Ballon d’Or Should Go to Champions League Winner – Cristiano Ronaldo

Five-time Ballon d’Or winner Cristiano Ronaldo has weighed in...

Arokodare Scores as Super Eagles Hold Russia to 1-1 Draw

Tolu Arokodare opened his Super Eagles goal account as...

Strong Capital Market Key to Nigeria’s Economic Future – NGX Chairman

Chairman of the Nigerian Exchange Group (NGX), Dr. Umaru...

Veteran Highlife Legend Mike Ejeagha Dies at 95

Renowned highlife musician and folklorist Mike Ejeagha, famed for...

Eid-el-Kabir: Northern CAN Greets Muslims, Urges Govt Action on Security

By Achadu Gabriel, Kaduna The Christian Association of Nigeria (CAN),...

Sultan Commends Sokoto Governor for Delegating Authority to Deputy

The Sultan of Sokoto and spiritual leader of Nigeria’s...
spot_img

Related Articles

Popular Categories

spot_imgspot_img