Se­nate in­dicts firms over N30tr fraud

Daily Trust - - NEWS - By Is­mail Mu­dashir

The Se­nate panel in­ves­ti­gat­ing al­le­ga­tions of N30 tril­lion rev­enue leak­ages in Forex and the en­tire im­port and ex­port value chain, be­tween 2006 and 2016 has pro­vided in­crim­i­nat­ing ev­i­dences against some firms.

The Se­nate Joint Com­mit­tee on Cus­toms, Ex­cise and Tar­iff, and Marine

Trans­port, chaired by Se­na­tor Hope Uzod­inma (PDP, Imo) gave the pri­vate firms num­ber­ing about 30, a week to clear their names.

At an in­ves­tiga­tive hear­ing yes­ter­day, Uzod­inma handed over copies of doc­u­ments de­tail­ing the al­leged in­frac­tions to rep­re­sen­ta­tives of the com­pa­nies.

The doc­u­ments in­clude a list of 2,554 ship­ments with in­frac­tions per­tain­ing unutilised Bill of Laden.

Uzod­inma told the com­pa­nies to come back Thurs­day with their de­fence, adding that “Our po­si­tion is that if there is any­thing new, out­side what we have sub­mit­ted and pre­sented to you, show us. Let us see that you paid the right du­ties and you will con­tinue with your busi­nesses. That is what we are say­ing.

“We will have to meet on Thurs­day. If there is any­thing you need like clar­i­fi­ca­tions, you can con­sult with our sec­re­tar­iat,” he said.

On the Chief Ex­ec­u­tive Of­fi­cers of 16 com­pa­nies that were threat­ened with ar­rest war­rant over fail­ure to ap­pear be­fore the panel, Uzod­inma said some of the CEOs ap­peared yes­ter­day. to

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