Customs Revenue Scam: Senate vows investigation

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The Senate Committee on Customs, Excise, Tariff and Marine Transport has vowed further investigation into alleged N30 trillion revenue scam in the import and export circle.

Senator  Hope Uzodinma, the Chairman of the committee,  stated this  while briefing newsmen after its investigative meeting with some companies in Abuja on Wednesday.

The lawmaker  explained that the interest of the Senate in the investigation was to assist the executive in recovering loots trapped within the import and export management.

He added there are allegations that the investigation is borne out of personal interest.

Once a senate committee passes a resolution such as this, it cannot be termed as decision of a single senator.

You may not like my face as a person but it is important to look at the credibility of the work we are doing.

We need to sanitise the import and  export circle to ensure that trade is facilitated and non-oil revenue is recovered and strengthened.

In that manner, government will not rely so much on oil.

The lawmaker further said that while some had alleged that the  investigation was a sham, some of the indicted companies had started refunding monies running into billions of Naira to Federal Government.

As a result of this investigation, banks which are the authorised dealers in the export and import chain have been making effort to remit everything collected by them to the Central Bank.

We are doing this on a friendly note because we do not want to send a wrong signal to the market.

Although more funds other than the N120 billion I announced sometime ago have been recovered, we do not want to send wrong signal.

He further apologised  for not disclosing  how much have been recovered, adding that “we will definitely come up with figures recovered at the end of the investigation.”