Nigeria’s Senate has launched a comprehensive probe into the activities of the Nigerian Customs Service (NCS) with a view to blocking all revenue leakages and to enhance revenue generation.
The probe, launched by the Senate Committee on Customs and Excise, will look into ways to increase the revenue generation capacity of the NCSe.
Committee Chairman Senator Hope Uzodimma, during an oversight visit to the NCS headquarters here Tuesday, said the service should generate enough revenue to fund the nation’s budget and expressed displeasure at a report by the Ministry of Finance indicating that the NCS had generated less than 400 billion Naira (about 1.31 billion US dollars) so far in 2016.
Speaking at the end of the visit, Uzodinma said his committee might re-enact the Act establishing the service for optimal performance. “We are looking into the operations of Customs Service; looking at the areas of revenue generation and possible leakages with a view to finding solutions,” he said.
“We have done detailed work and we have established contacts with all commands under the service. All we are interested in is to evolve a robust framework that will help the NCS earn more revenue. In order to do that effectively, we are examining its current mode of operations with a view to refining how things are done.
“By the time we finished looking at the operations of some of the ports, we will come back and look at how best to amend the existing Act. We want to create a situation where the NCS will be able to fetch the country the kind of revenue we are looking for from non-oil sector.”
Speaking on the revelation that the service could not access some oil companies for payment of levies, Uzodinma said that was part of the impediments which required enabling legislation.
“There are some limitations that have not made it possible for the Customs service to perform its mandate the way it should,” he added.
Source: NAM NEWS NETWORK