By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
PORTS&BORDERS PORTS&BORDERS
  • Home
  • Ports
    • Port Terminals
  • Maritime
    • Shipping
  • Aviation
  • Border Reports
  • Government
    • Economy
  • Customs
  • EXIM
  • Business
  • Transport
    • Travel
  • Global News
Thursday, Jun 25, 2026
News Flash
Anatomy of a Shipping Container: Understanding the Structure Behind Global Trade
Cargo theft becomes more sophisticated as criminal networks exploit supply chain weaknesses, Report warns
Nigeria Customs faces major workforce shake-up as 1,516 officers set for retirement by 2027
Tinubu extends CG Customs, Adeniyi tenure by 6 months
Senate clears Customs of ₦62.2bn under-remittance claim, orders review of 76 audit queries
NEWSLETTER
Font ResizerAa
Ports & BordersPorts & Borders
  • Articles
  • Top Stories
  • Government
  • Customs
  • EXIM
  • Aviation
  • Maritime
  • Border Reports
  • Oil & Gas
  • Global News
Search
  • Articles
  • Top Stories
  • Government
    • Economy
  • Customs
  • EXIM
  • Aviation
  • Maritime
  • Border Reports
  • Oil & Gas
  • Global News
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
CustomsEconomyGovernment

Senate clears Customs of ₦62.2bn under-remittance claim, orders review of 76 audit queries

By
Ishaya Abdullahi
6 days ago
3 Min Read
Share
Disclosure: This website may contain affiliate links, which means we may earn a commission if you click on the link and make a purchase. Your support for independent journalism is highly appreciated!
Nigerian-Senate
SHARE

The Senate Public Accounts Committee has cleared the Nigeria Customs Service of allegations that it failed to remit ₦62.2 billion to the Federation Account, while directing a full reconciliation of 76 additional audit queries raised by the Auditor-General of the Federation.

The decision followed an investigative hearing into financial concerns contained in the 2019 and 2020 audit reports. During the session, the Comptroller-General of Customs, Bashir Adewale Adeniyi, appeared before lawmakers to defend the agency’s revenue records.

At the centre of the dispute was an audit query alleging that Customs generated ₦691.24 billion in 2017 but remitted ₦629.23 billion to the Federation Account, suggesting a shortfall of ₦62.2 billion.

The Nigeria Customs Service rejected the allegation, arguing that the figure was the result of a classification error. According to the agency, the disputed amount comprised statutory levies collected on behalf of other government bodies, which are not all payable into the Federation Account.

Adeniyi explained that while some customs-related levies are remitted directly to the Federation Account, others—such as charges tied to local production in sectors including wheat, textiles, and wines—follow separate statutory remittance frameworks.

He maintained that the gap identified in the audit report reflected differences in revenue categorisation and reporting, rather than any actual failure to remit funds.

Lawmakers noted that such discrepancies should ordinarily have been resolved through technical reconciliation before escalating to a full legislative inquiry. Senator Babangida Hussaini of Jigawa North-West questioned why the matter reached the Senate in the first place.

In response, the Customs chief attributed the delay in reconciliation to administrative challenges and strained relations between the Senate and the agency during the period under review, which affected earlier efforts to clarify the figures.

More Read

mass retirements in nigeria customs service
Nigeria Customs faces major workforce shake-up as 1,516 officers set for retirement by 2027
Tinubu extends CG Customs, Adeniyi tenure by 6 months
Customs, NDLEA unite to tighten borders, disrupt drug networks
Customs, NDLEA unite to tighten borders, disrupt drug networks

After reviewing all submissions, the committee accepted the explanation provided by Customs and dismissed the ₦62.2 billion under-remittance allegation.

However, it emphasized the need for stronger coordination between audit institutions and revenue-generating agencies to avoid similar disputes in the future.

The committee also set up a sub-committee made up of representatives from the Auditor-General’s office and the Nigeria Customs Service to reconcile the remaining 76 audit queries.

The exercise is expected to resolve outstanding discrepancies, improve revenue reporting accuracy, and strengthen overall financial accountability.

TAGGED:Federation AccountNigeria Customs ServiceNigerian Senate

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print

Follow US

FacebookLike
XFollow
YoutubeSubscribe
TiktokFollow
WhatsAppFollow

Must Read

empty-single-shipping-containers

Anatomy of a Shipping Container: Understanding the Structure Behind Global Trade

cargo-theft

Cargo theft becomes more sophisticated as criminal networks exploit supply chain weaknesses, Report warns

mass retirements in nigeria customs service

Nigeria Customs faces major workforce shake-up as 1,516 officers set for retirement by 2027

Tinubu extends CG Customs, Adeniyi tenure by 6 months

Nigerian-Senate

Senate clears Customs of ₦62.2bn under-remittance claim, orders review of 76 audit queries

- Advertisement -
GTBank resumes international foreign transactions Naira Mastercard

You Might Also Like

CG Customs sounds global alert on rising number crime syndicate
Border ReportsGlobal NewsGovernment

Customs CG sounds global alert on rising power of crime syndicates

2 months ago
EconomyGlobal NewsGovernment

U.S. extends AGOA trade pact, but long-term future remains unclear

5 months ago
Indian_finance_minister_cuts_customs_duty_17_cancer_drugs
Global News

India cuts customs duty on 17 cancer drugs, eases baggage rules

5 months ago
Customs management Kikelomo, Niagwan, Olomu Speak on Importance of Post-Clearance Audit At WCO, WBG Traini
CustomsGovernment

Customs leadership highlights strategic role of Post-Clearance Audit at WCO–WBG Trade Facilitation Programme

5 months ago
Ports and Borders

Ports & Borders is Nigeria’s pioneer maritime, aviation and border communication outfit providing topnotch news and insights relating to the industries.

  • About Us
  • Contact
  • Privacy Policy
  • TOS
  • Cookie Policy
  • Sitemap
  • Top Stories
  • Ports
  • Shipping
  • Customs
  • Border Reports

Follow Socials

Copyright © 2026 Ports & Borders Communications.
All rights reserved.

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?