• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News Business

Senate orders customs to remit N62.2 billion to federation account

Cyrus Ademola by Cyrus Ademola
December 6, 2023
in Business
Senate, NPC
Share on FacebookShare on TwitterShare on Linkedin

Senator Ahmed Wadada Aliyu’s Senate Committee on Public Account has mandated the Nigeria Customs Service (NCS) to transfer N62.2 billion naira to the federation account.

The committee members spoke briefly to the press following their meeting with the agencies in Abuja.

Senator Wadada Aliyu emphasizes that the Auditor General of the Federation (AGF) reports should be viewed not as punitive measures or witch-hunts, but rather as a constitutional obligation aimed at fostering accountability and transparency in the administration of public agencies.

MoreStories

Trump orders “powerful and deadly” US. strike on ISIS camp in Northwest Nigeria

Trump orders “powerful and deadly” US. strike on ISIS camp in Northwest Nigeria

December 26, 2025
LIRS seals Shoprite outlet in Lekki over tax non-compliance 

LIRS seals Shoprite outlet in Lekki over tax non-compliance 

November 12, 2025

Explaining how and why they found the NPA wanton, the committee chairman said:

  • “The NPA has been found wanton on the AGF’s annual report and also erred on the status enquiry. There are issues that arose in the Boney, Calabar and Lagos Channels Management.”

The committee conveyed that it had respectfully written to the NPA management to address the issues. However, they expressed regret, noting that while some communications received responses, others remained unanswered.

More Insights

In addition, the committee noted that, apart from the General Manager, who arrived significantly late citing medication as the reason, none of the management officers bothered to attend despite repeated calls from the Committee to respond to the AGF’s report.

Aliyu noted with concern that there were also issues of other indebtedness arising from shipping dues, among others amounting to about $68 million.

In its statement, he emphasized that the sums of money mentioned were not implicated in the anomalies observed in the Boney, Calabar, and Lagos Channels Managements.

The Committee therefore gave 48 hours to the management NPA to appear before or face the wrath of the law.

In the same vein, based on what the Committee saw as financial irregularities in the Nigeria Customs Service (NCS), it ordered the agency to remit about N64 billion to the federation account.

Meanwhile, the committee accepted the NCS request that they will come back on December 19th, 2023, with all remittance receipts requested, by the committee.


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: NCSSenator Ahmed Wadada Aliyu
Cyrus Ademola

Cyrus Ademola

  • Cyrus Ademola is an energy and economy analyst with over half a decade experience in journalism, research-based oped, economic reportage and energy analysis. His works have been featured on different media outlets, covering from oil and gas to business trends.

Next Post
P&G to dissolve ground operations in Nigeria, revert to an import-only business model 

P&G to dissolve ground operations in Nigeria, revert to an import-only business model 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

nairametrics








DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics