…Summons Army, Police, EFCC on unaudited AccountsThe Senate Committee on Public Accounts has queried the Central Bank of Nigeria (CBN) over unremitted $3.3billion from the $21.3billion collected by the Federal Inland Revenue Service (FIRS) as foreign Tax in 2015. The office of the auditor general had forwarded query against the CBN to the committee over discrepancies in FIRS record of $21.3 billion as total sum of foreign Tax it collected in 2015 and domiciled in the Apex Bank and the CBN record of $18billion. Dissatisfied with his explanation, the committee ordered him and other top officials of the Apex Bank to report back to it on Monday with required documents on the alleged variations in exchange rate. Addressing journalists after the stormy session, Senator Uroghide said; while the record of FIRS showed $21.3 billion, the record of the Apex bank showed $18 billion. Today, they have explained some while some are yet to be sufficiently explained , particularly the $3.3billion difference it has from the $21.3billion foreign taxes remitted by FIRS”,he said.

Source: The Guardian June 03, 2020 17:15 UTC