The Nigeria Customs Service has threatened to sanction nine commercial banks for alleged discrepancies revenue remitted in respect of duty collected on behalf of the Service.
The list of the defaulting banks which was released to newsmen by the Comptroller General, Nigeria Customs Service last week incuse two of the five banks whose chief executives were removed recently by the governor of Central Bank, Mr Sanusi Lamido.
Although details of the alleged non-remittances were not disclosed, Customs nevertheless gave he names of the banks as: Union Bank, Fin Bank, Diamond Bank, Skye Bank, Equitorial Trust Bank, Citi Bank, Spring Bank, Sterling Bank and Unity Bank.
The discrepancies were discovered by the Customs Duty Investigation Team which was created to look into revenue collection machinery and efficiency in the Customs.
The team which is headed by Alhaji Mundu Hassan said last week that ithas devote ample time to the remittances by the duty collecting banks to the CBN and has discovered the short- comings
The team also said that it has discovered that manual payments to the tune of N14, 966,224,052, adding that this should no longer happen especially as the service has embraced e-payment in the affected commands
The investigators however assured that it “will proceed with the arrest of the defaulters and also collect all monies owed the federal government by fraudulent importers and agents” “We shall continue to block revenue loopholes, even as we improve on our service delivery to the trading public”.
It gave the names of customs duty defaulting companies as: Orazulike trading Company (N453, 345,537), Corporate Oil and Gas (N1, 160,927,458), Intercity Commodities (372,822,900), Coscharis (216,776,715) and Top Feeds (N105, 777,756) debts.