{"id":142778,"date":"2022-02-01T13:39:11","date_gmt":"2022-02-01T12:39:11","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=142778"},"modified":"2022-02-01T13:39:33","modified_gmt":"2022-02-01T12:39:33","slug":"revenue-generation-cg-customs-raises-concern-over-finance-act","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/02\/01\/revenue-generation-cg-customs-raises-concern-over-finance-act\/","title":{"rendered":"Revenue generation: CG Customs raises concern over Finance Act"},"content":{"rendered":"

The Comptroller General, Nigeria Customs Service (NCS), rtd Col. Hameed Ali has\u00a0raised concern over the Finance Act.<\/p>\n

Ali stated that some sections of the Act negates its mandate of revenue collection.<\/p>\n

This concern was raised on Monday by Col. Hammed Ali\u00a0at an interactive session with the leadership of the Senate and Senate Committee on Finance held at the National Assembly Complex, Abuja.<\/p>\n

The session was organised \u201cOn the need to improve internally generated revenue of the Federal Government of Nigeria and revenue projections of the agencies as contained in the Appropriation Act 2022.\u201d<\/p>\n

According to NAN report,\u00a0the meeting also had in attendance other revenue generating agencies including Nigeria Immigration Service (NIS), Federal Inland Revenue Service (FIRS)<\/a>, Federal Road Safety Corps (FRSC) among others.<\/p>\n

Ali in his submission noted that \u201cIf we are talking of collection based on the provisions of the finance act, we must be sure we still have the mandate to collect.<\/p>\n

\u201cThe law states in Section 61(A) as amended that this Act and the law listed in the first Schedule to this Act shall take precedence over any other laws with regards to the administration, assessment, collection, accounting, enforcement of taxes and levies due to the Federal Government.<\/p>\n

\u201cIt further states that except in cases such that tax or levy is a subject of litigation in a court of competence jurisdiction.<\/p>\n

And if the provisions of any Act or any other law, including the enactment in the Fourth Schedule are inconsistent with the provisions of this Act, the provisions of this Act shall prevail on the provisions of that other law to the extent of inconsistency should be void.<\/p>\n

\u201cAll other laws which are laws that mandate us to collect, if they are to be consistent with this, then they are voided. Which then means that the laws that mandate us as revenue generating agencies are voided completely.\u201d<\/p>\n

He further explained that with the provisions of the Act, it meant that the Service did not have the responsibility to collect revenue.<\/p>\n

\u201cWe have consulted with legal luminaries and the conclusion is that this Act is confusing.<\/p>\n

\u201cIf stakeholders decide to take leverage of this, they can decide to say we are not supposed to collect duties and levies and therefore they only pay to FIRS and that will be a complete, total chaos to this country.\u201d<\/p>\n

Reacting, President of the Senate, Ahmad Lawan said \u201cnow it\u2019s not even about targets. You are saying that you don\u2019t even have any legal mandate to collect revenue. This is a very scary revelation.<\/p>\n

\u201cWhen we are saying we need more and you are saying you don\u2019t even have the power to collect money.<\/p>\n

\u201cWe take this issue very seriously. The senate committee on finance, ministry of finance and the service will look at the Act. Where it is established beyond any reasonable doubt that there is need for us to amend, we will do so expeditiously,\u201d Lawan said.<\/p>\n

Chairman of the Committee, Sen. Solomon Adeola said: \u201cthat section of the bill is not targeted at you.<\/p>\n

\u201cWhat necessitated that single action is as a result of the issues between the Revenue, Mobilisation and Fiscal Commission (RMFC) and FIRS.\u201d<\/p>\n

NAN reports that the federal government said it intends to generate N10.7 trillion as revenue in the 2022 fiscal year.<\/p>\n

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed.<\/p>\n

Ahmed said the revenue target would be 32.1 per cent higher than the N8.1 trillion projected in 2021.<\/p>\n

Debt servicing, according to the bill, is expected to gulp N3.6 trillion.<\/p>\n

She further explained that the 2022 budget has a deficit of N6.3 trillion and will be financed from domestic, foreign, multi-lateral loans and proceed from privatisation.<\/p>\n

A total of N2.5 trillion is expected from domestic sources and N2.5 trillion from foreign sources, with N1.1 trillion from bilateral loans and N90 billion from privatisation proceeds.<\/p>\n

President Muhammadu Buhari had signed the 2022 Appropriation Bill of N17.126 trillion into law on Dec. 31, 2021<\/p>\n","protected":false},"excerpt":{"rendered":"

The Comptroller General, Nigeria Customs Service (NCS), rtd Col. Hameed Ali has\u00a0raised concern over the Finance Act. Ali stated that some sections of the Act negates its mandate of revenue collection. This concern was raised on Monday by Col. Hammed Ali\u00a0at an interactive session with the leadership of the Senate and Senate Committee on Finance […]<\/p>\n","protected":false},"author":17,"featured_media":68098,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[1180,6451,29032,538],"class_list":["post-142778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-firs","tag-hammed-ali","tag-national-assembly-complex","tag-nigeria-customs-service"],"yoast_head":"\nRevenue generation: CG Customs raises concern over Finance Act<\/title>\n<meta name=\"description\" content=\"The Comptroller General, Nigeria Customs Service (NCS), rtd Col. 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