The Senate Committee on Customs, Excise and Tariff and Marine Transport has vowed to continue its ongoing investigation into alleged N30 trillion revenue scam in the import and export chain. The Chairman of the committee, Sen. Hope Uzodinma, made this known while briefing newsmen after its investigative meeting with some of the companies on Wednesday in Abuja.
He said the interest of the Senate in the investigation was to assist the executive in recovering monies trapped in the import and export chain. He said “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. We are limited to speak further on how much has been recovered so far. However, we will definitely come up with figures recovered at the end of the investigation.”
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