Northern Nigerian Breaking News

Reps query First Bank management over N94bn NCS revenue

61

The House of Representatives has queried the management of First Bank of Nigeria over N94.345 billion revenue allegedly collected on behalf of Nigeria Customs Service (NCS).

The House also queried the management over allegation of breach of agreement on Cash on Transfer (CoT)  charges to the tune of N28.3 million.

Rep. Oluwole Oke, the Chairman, House Committee on Public Accounts, queried the management during the investigative hearing into the audit queries issued by the office of the Auditor General for the Federation (oAuGF)

The lawmaker acknowledged receipt of the amended report submitted by First Bank with respect to the additional sum of N9.4 million.

Oke said that the Bank was invited to respond to the oAuGF audit query that the NCS was over-charged by the banks in area of CoT.

He said that presentations made by representatives of some banks including First Bank were found to be at variance with the agreement signed by NCS authorities.

- Advertisement -

Read Also:CBN fines four banks over N800m for breaching cryptocurrency policy

According to the oAuGF’s query, First back in an MoU charged 30k and other commissions amounting to N1.3 billion, thereby raising the commission to N1 as against the 30k originally charged.

Mr. Shehu Aliyu, who led the First Bank Executive Director said that the Bank ought to collect 30k per N1,000 as stipulated in the Memorandum of Understanding (MoU) signed by both parties.

He said that in addition to the 30k charge, there was another charge of 10k for Interswitch, adding that the Bank had during the last public hearing, informed the Committee of its plan to tender a new report to reflect the new 10k charge.

He said that over the period Jan to Dec. 2019, First Bank collected the sum of N94.3 billion on behalf of the NCS, adding that it charged a total of N28.3 million on 30k per N1,000.

He added that the net remittance on daily basis aggregated to N94.345 billion.(NAN)

61 Comments
  1. Zrxqyz says

    viagra 50mg ca – order viagra generic genuine viagra

  2. Vywmdc says

    prednisolone uk – cialis 10mg us real cialis pills

  3. Jdpbux says

    augmentin medication – buy augmentin 625mg pill where to buy cialis

  4. Tehays says

    bactrim price – order viagra 50mg buy sildenafil 50mg for sale

  5. Hazefk says

    order cephalexin 250mg generic – cephalexin 250mg cheap buy erythromycin 250mg

  6. Iheyet says

    sildenafil 100mg uk – purchase sildenafil ivermectin australia

  7. Ghuhkm says

    purchase budesonide pills – tadalafil tablets disulfiram 250mg for sale

  8. Htkbtd says

    oral cefuroxime – robaxin price tadalafil 20mg cost

  9. Skgdfe says

    order generic ampicillin 500mg – buy ciprofloxacin 500mg for sale cialis tadalafil 5mg

  10. Eqdkhc says

    amoxicillin 250mg generic – order amoxil 250mg online cheap cost vardenafil 10mg

  11. Bqhhiy says

    ivermectin 1 cream – vardenafil 20mg cost generic vardenafil

  12. Yhmkzq says

    doxycycline oral – tadalafil pills cialis 20mg generic

  13. Tcflzi says

    generic cialis 5mg – cheap cialis 40mg order modafinil online

  14. Vhaoez says

    oral prednisone 5mg – order deltasone 20mg generic accutane 40mg cost

  15. Jjkfsx says

    buy amoxil sale – female viagra buy viagra 150mg online cheap

  16. Hibawl says

    prednisolone 20mg over the counter – buy sildenafil tablets sildenafil 100mg usa

  17. Crelgy says

    buy furosemide 40mg – furosemide cost ivermectin 8 mg

  18. Doflab says

    order plaquenil 400mg pills – purchase hydroxychloroquine for sale order baricitinib 2mg pill

  19. Hzvxxa says

    cost glucophage 1000mg – buy glucophage norvasc 10mg ca

  20. Cthjtn says

    lisinopril 5mg cheap – buy atenolol atenolol 50mg ca

  21. Uckjhi says

    vardenafil 10mg sale – lyrica usa buy clomid 100mg online cheap

  22. Xtvydd says

    buy albuterol online cheap – college essay for sale order priligy 30mg pills

  23. Bradleydeera says

    canadian online drugstore discount prescription drugs

  24. Ldqndt says

    synthroid 100mcg sale – buy triamcinolone sale purchase plaquenil for sale

  25. RussellPriof says

    https://drwithoutdoctorprescription.com/# prescription drugs online without

  26. Daftqb says

    order cialis 40mg generic – buy cialis without prescription cheapest viagra

  27. Bginwi says

    deltasone 10mg pill – isotretinoin order buy amoxil 1000mg pill

  28. Mhhjxk says

    generic diltiazem – purchase neurontin online gabapentin 800mg drug

  29. Brandonpheve says

    where to buy viagra online 100mg viagra

  30. Carolee Martorano says

    Hello.This article was really interesting, particularly since I was browsing for thoughts on this topic last Wednesday.

  31. Lance Barbieri says

    Hello there, You’ve done a fantastic job. I will certainly digg it and personally recommend to my friends. I am sure they will be benefited from this site.

  32. Wan Fudge says

    Hey There. I discovered your weblog using msn. That is a really smartly written article. I’ll be sure to bookmark it and come back to read extra of your useful info. Thank you for the post. I will certainly return.

  33. Kphqky says

    lasix 100mg ca – purchase doxycycline order doxycycline sale

  34. Brandonpheve says

    viagra from india viagra coupons 75% off

  35. Jfbvza says

    oral cenforce – order cenforce 50mg generic purchase domperidone pills

  36. Brandonpheve says

    viagra over the counter sildenafil

  37. Brandonpheve says

    best over the counter viagra buy generic 100mg viagra online

  38. Rdyppd says

    sildenafil us – viagra in usa order tadalafil 40mg online cheap

  39. RaymondLiz says

    order prednisone 100g online without prescription prednisone best price

  40. Liggxj says

    buy provigil 200mg pill – buy modafinil 200mg for sale order budesonide online

  41. Rickyjap says

    purchase clomid online buy clomid in canada

  42. Udwiwf says

    buy isotretinoin 10mg online cheap – buy tetracycline online cheap tetracycline 500mg generic

  43. Glennrep says
  44. RickyZinty says

    tadalafil brand name in india best tadalafil prices

  45. DavidDep says

    metformin buy metformin 500 mg price australia

  46. RaymondLiz says
  47. Ubrzai says

    order flexeril – order colchicine without prescription propranolol for sale

  48. RaymondLiz says
  49. Anthonybeera says

    https://buytadalafil.men/# where to buy tadalafil in usa

  50. Mdgies says

    clopidogrel brand – order methotrexate 5mg for sale order metoclopramide 20mg without prescription

  51. zorivareworilon says

    I’ll immediately clutch your rss as I can’t to find your email subscription link or newsletter service. Do you’ve any? Kindly allow me recognise in order that I could subscribe. Thanks.

  52. Fgoojy says

    order losartan 25mg generic – nexium 40mg uk buy promethazine

  53. Robertsmows says

    https://cipro.best/# ciprofloxacin 500 mg tablet price

  54. Robertsmows says

    https://gabapentin.icu/# gabapentin 600 mg

  55. Robertsmows says

    https://gabapentin.icu/# buy generic neurontin

  56. Feoqlr says

    buy generic levofloxacin 250mg – sildenafil dosage tadalafil generic name

  57. Robertsmows says

    https://cipro.best/# antibiotics cipro

  58. Imelfk says

    cialis savings card – cheap meloxicam 7.5mg tamsulosin generic

  59. Robertsmows says

    https://erectionpills.best/# best ed pills non prescription

  60. Jthnsr says

    purchase zofran pills – simvastatin 20mg pill valacyclovir 500mg sale

Leave A Reply

Your email address will not be published.