Nigeria: N30trn Revenue Scam - Senate to Hand Erring Firms to EFCC

5 October 2017

Abuja — The Senate, yesterday, said arrangements had been concluded to hand over companies found culpable in its investigation into alleged N30 trillion revenue scam in the import and export value chain to the Economic and Financial Crimes Commission, EFCC, for prosecution.

Speaking with journalists in Abuja, Chairman of the Joint Committee on Customs, Excise and Tariff and Marine Transport, Senator Hope Uzodinma (PDP, Imo West), said those to be handed over to the EFCC were found to have manipulated the foreign exchange procedure and also involved in money laundering, round tripping and abuse of foreign exchange manual.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.