Sunday, September 27, 2020

WELCOME TO ADAHZION BLOG

Home Business House of Reps investigates revenue leakage of 30Billion Dollars

House of Reps investigates revenue leakage of 30Billion Dollars

The House of Representatives has opened investigations into Nigeria’s loss of more than Thirty billion dollars annually in the past ten years from foreign exchange allocation and tax evasion.

At the maiden investigative hearing, one of the invited banks disclosed that it is in court to stop the parliament from going ahead with the investigations.

The National Assembly Correspondent Joke Adisa reports that the mandate before the joint committee of the House on Finance as well as Banking and Currency is to unveil the truth surrounding the allegation that the country loses about $30b every year to tax evasion and other malpractices.

The Speaker of the House had declared that the investigative hearing opens resolving that the parliament will plug out all loopholes As the technical session opens, one of the five banks slated to appear before the legislators insisted it is in possession of a court order which stops it from exposing its foreign exchange records to the lawmakers.

Usman Abdulkadir, The representative of Unity Bank, was asked to represent the bank’s memorandum and appear at a later date.

Leave a Reply

Most Popular

Auto- Crash Leaves One Dead, Three Others Injured In Ikoyi, Lagos

On Sunday, there was an accident in Ikoyi, Lagos at about 1:40am that claimed a life, leaving three others injured.

RIVERS: Senior Lecturer Has Been Suspended For Getting His Student Pregnant

Dr. Rowland Uchechukwu Igwe, a senior lecturer of the Department of Sociology in the Ignatius Ajuru University of Education, Rivers State, has been...

COVID-19: Nigeria Records 136 New Cases In Nigeria

The Nigeria Centre for Disease Control (NCDC) announced on twitter on the 26th September 2020 that Nigeria has recorded 136 new cases.

‘The Court Is Saying We Should Not Go On Strike, The Court Injunction Will Not Work’- Labour

The industrial strike and a nationwide protest declared by the organized labour over the increase in the prices of fuel and electricity...
%d bloggers like this: