- The query added that the receipt of NCS collection and remittance into Federation Account 2017 showed actual remittance into Federation Account with the CBN for the year under review to be N629bn
The Senate Public Account Committee has initiated an inquiry into the Nigerian Customs Service’s failure to remit N62 billion, as indicated in the 2017 Auditor General Report under consideration by the committee chaired by Senator Ahmed Wadada.
The query highlighted that in the 2017 summary of the monthly collection by the Nigerian Customs Service, the total collection for the Federation Account amounted to N691 bill.
The query read in part, “However, the receipt of NCS collection and remittance into Federation Account 2017 showed actual remittance into Federation Account with the CBN for the year under review to be N629bn. A comparison of these two documents revealed an under-remittance N62bn.
“There was no footnote or any form of additional information attached to the two reports showing the reasons for the discrepancies neither there was any form of communication of the management on the intention for the future reconciliation or remittance.
It added, “The above anomalies could be attributed to weaknesses in the internal control system at Nigeria Customs Service Headquarters in Abuja.”