Skip to content
July 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Reps query Customs over non-submission of 3 years audited financial statement
  • National News

Reps query Customs over non-submission of 3 years audited financial statement

Admin January 31, 2024
House of Representatives

House of Representatives

Jan 31, 2024

The House of Representatives Public Accounts Committee (PAC) has queried the Nigeria Customs Service (NCS) over non-submission of audited financial statements for the 2016 to 2018 financial years to the Auditor General of the Federation.

This came to the fore at the hearing of the committee led by Rep. Bamidele Salam in Abuja.

The Comptroller-General of Customs, Mr. Adewale Adeniyi, who appeared with his lieutenants was questioned over queries raised by the Auditor General of the Federation on the 2017 audited report.

The queries include: under-remittance of revenue into the federation account for the year 2017, under-disclosure of outstanding remittance for the year 2016

Others include: non-maintenance of bank statements and bank reconciliation statements, non-maintenance of revenue collectors receipt, violation of E-payment policy of the federal government.

The query also include: non-submission of audited financial statements for 2016,2017 and 2018 financial years”

Adeniyi responded to the queries that only Common External Tariff was remitted into the federation account by the Office of the Accountant General for the Federation.

He added that others that were active remitted into the Non-Federation Account, stressing that since the inception of the Treasury Single Account (TSA), Area commands do not maintain accounts with commercial banks

He added that all accounts were closed and the revenue collected remitted directly to the Central Bank of Nigeria (CBN), and the statements were accessed at the customs headquarters through CBN’s Transaction Query System(TQS).

Documents submitted to the committee by the CGC however revealed that the audited financial statements for 2016, 2017, and 2018 financial years were presented to the Auditor General for Federation in 2021.

The chairman of the committee directed the Auditor General to present documents on other queries raised against the commission.(NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Bamidele CBN Mr. Adewale Adeniyi NCS PAC TQS

Post navigation

Previous LASG gives 30 days quit notice to owners of houses illegally converted to places of worship, bars, clubs, others in residential areas
Next How Bafarawa Diverted N4.6bn from ONSA – Witness tells court

Related Stories

Police foils kidnap, cattle rustling attempts, rescues victim in Katsina Police
  • National News

Police foils kidnap, cattle rustling attempts, rescues victim in Katsina

July 20, 2026
Oyo mandates birth certificates, NIN for school enrolment — Perm Sec oyo
  • National News

Oyo mandates birth certificates, NIN for school enrolment — Perm Sec

July 19, 2026
Troops foil ISWAP mass abduction bid, rescue 46 students in Borno Troops
  • National News

Troops foil ISWAP mass abduction bid, rescue 46 students in Borno

July 19, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Police foils kidnap, cattle rustling attempts, rescues victim in Katsina Police
  • National News

Police foils kidnap, cattle rustling attempts, rescues victim in Katsina

July 20, 2026
Few tankers enter Hormuz to load oil, LNG floating storage rises, data shows
  • Business & Economy

Few tankers enter Hormuz to load oil, LNG floating storage rises, data shows

July 20, 2026
Fuel price uncertainty forces marketers to temporarily halt supply — IPMAN Fuel crisis
  • Business & Economy

Fuel price uncertainty forces marketers to temporarily halt supply — IPMAN

July 19, 2026
Oyo mandates birth certificates, NIN for school enrolment — Perm Sec oyo
  • National News

Oyo mandates birth certificates, NIN for school enrolment — Perm Sec

July 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.