August 16, 2018

N30tn revenue leakage report will shock Nigerians, says Senate (Punch)

N30tn revenue leakage report will shock Nigerians, says Senate (Punch)

The report by the investigations conducted by the Joint Senate Committee on Customs, Excise and Tariff and Marine Transport into the alleged revenue leakages in the import and export value chain, valued at N30tn, is due for presentation, Sunday Punch has learnt.

A member of the committee, who spoke to our correspondent on condition of anonymity, said the findings made by the panel “will shock Nigerians” when eventually published.

The senator, who alleged that the Nigeria Customs Service had not been generating revenue efficiently, said the probe by the panel would enhance the agency’s capacity.

He said, “We are coming up with our report soon. We have recovered a lot of money and the amount will shock Nigerians. We just met with the leadership of the Customs and it was made clear to everybody that they are not performing maximally; they must do more.” Read more

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