The House of Representatives has directed the Nigeria Customs Service to stop the collection of the Comprehensive Import Suspension Scheme levy with effect from June 30, 2025.…KINDLY READ THE FULL STORY HERE▶▶
The Chairman, House Committee on Customs and Excise, Leke Abejide (ADC, Kogi) issued the directive on Monday in Abuja during the 2024 budget performance review of N6.11 trn and 2025 budget defence of proposed N6.58 trn.
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This is just as the African Democratic Congress lawmaker disclosed that the Committee will hold a joint sitting with the Senate Committee on Customs and Excise as well as the Minister of Finance and Economy, Mr Wale Edun, on Wednesday.
On behalf of the Committee, Abejide demanded an explanation for the Service’s inability to fully fund its personnel cost, overhead cost, and capital projects despite surpassing the total revenue projection for the year 2024.
He said, “This Committee is not unaware that CISS is not backed by any law in Nigeria. It is not in the Laws of the Federation of Nigeria, and even your 7 per cent cost of collection is equally illegal, as it is not in the LFN.…KINDLY READ THE FULL STORY HERE▶▶
