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ABUJA – The House of Representatives has uncovered over N5 billion waiver granted to China Harbour on imported construction materials, despite the country’s commitment to the repayment of multi-billion dollar loan obtained from China. Speaking during the investigative hearing into the audit query issued by the office of the Auditor General of the Federation (oAuGF) against Nigeria Customs Service (NSC), Chairman, House Committee on Public Accounts, Hon. Wole Oke, frowned at the complacency of various regulatory agencies that approved such waivers in breach of due process and extant financial regulations, thereby lading to huge loss of revenue into the Federation Account. ....
TODAY February 3, 2021 The controversy around the loans obtained from China assumed a disturbing dimension as the House of Representatives yesterday uncovered N5bn waiver illegally obtained by a Chinese firm. Chairman, House Committee on Public Accounts, Hon. Wole Oke made the disclosure while speaking at the investigative hearing into the audit query issued by the office of the Auditor General of the Federation (oAuGF) against Nigeria Customs Service (NSC). The Committee was livid with the various regulatory agencies that approved such waivers in breach of due process and extant financial regulations. Oke said that the waivers have a huge negative impact on the economy as it has left it bleeding. ....
Vanguard News Chinese loan: Reps uncover N5bn illegal waivers for Chinese firm On …demand list of over 600,000 companies from Customs for not paying import duty levies By Levinus Nwabughiogu-Abuja The controversy around the loans obtained from China assumed a disturbing dimension as the House of Representatives yesterday uncovered N5bn waiver illegally obtained by a Chinese firm. Chairman, House Committee on Public Accounts, Hon. Wole Oke made the disclosure while speaking at the investigative hearing into the audit query issued by the office of the Auditor General of the Federation (oAuGF) against Nigeria Customs Service (NSC). The Committee was livid with the various regulatory agencies that approved such waivers in breach of due process and extant financial regulations. ....
Chinese loan: Reps uncover over N5bn waiver illegally obtained by Chinese firm withinnigeria.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from withinnigeria.com Daily Mail and Mail on Sunday newspapers.