The House of Representatives Committee on Customs and Excise has recommended the suspension Ecobank from further collection of customs’ duties, over infraction in the collection of the duties.
Leke Abejide, said this at the resumed investigative hearing of the committee on some banks’ refusal to remit customs duties to the Federal Government’s coffers.
He said that the bank would be suspended until it was able to pay the outstanding of 4.3 billion naira customs’ duties the bank refused to pay to the Federal Government.
Abejide said that the committee had been on the assignment for over a year, stressing that any banks that failed to show the amount collected for customs duties would also be suspended.
The lawmaker said that at the end of the investigation, all banks that refused to remit their collection of customs duties would be suspended from further collection, until all their outstanding amounts were cleared.