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Reps Uncover N5Bn Waiver Granted To China Harbour On Imported Construction Materials


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. ....

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Loan: House of Reps uncover N5 billion illegal waivers for Chinese firm


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. ....

Anchorage Company , House Committee On Public , Revenue Services , Az Petroleum , Nigerian Ports Authority , Dangote Plc , Nigeria Customs Service , Corporate Affairs Commission , House Committee , Public Accounts , Wole Oke , Auditor General , China Harbour , Duty Waiver , Nigeria Customs , Learn Nigeria , Federal Inland Revenue Services , நங்கூரம் நிறுவனம் , வீடு குழு ஆன் பொது , வருவாய் சேவைகள் , அஸ் பெட்ரோலியம் , நைஜீரியன் போர்ட்ஸ் அதிகாரம் , நைஜீரியா சுங்க சேவை , பெருநிறுவன வாழ்க்கைத்தொழில்கள் தரகு , வீடு குழு , பொது கணக்குகள் ,