The Senate Ad-Hoc Committee on Waivers has recorded a major breakthrough in its anti-corruption crusade as it uncovered huge fraud in the waivers policy.
According to the committee, rather than use it positively for the
interest and benefit of Nigeria and Nigerians, the policy was used by importers and relevant government agencies to defraud the country of billions of Naira, that otherwise would have been accruable revenues into the federation account.
The committee was set up in July to carry out holistic review of the policy with a view to determining revenue losses incurred by the government. The committee looked into all issues relating to waivers, concessions and grants with a view to determining full government revenues in relation to the policy.
Chairman of the Committee, Senator Adamu Aliero, told journalists on Friday in Abuja that the outcome of the committee’s sitting would be made public during the public hearing and presentation of the final report to the Senate.
He said, “We have sent invitations to Ministries, Departments and Agencies like the Federal Ministry of Finance, Central Bank of Nigeria and of course, the Nigerian Customs Service, to give us relevant information that will help us to carry out the assignment given us very effectively and in fact, unearth the rot which waivers have caused in the system.
Per Second News recently obtained a document indicting the ministry of finance, CBN and a certain multi billionaire businessman (name withheld) in the huge scam.
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