Reps Threatens To Arrest Bank CEOs Over Non-remittance of Stamp Duties

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The House of Representatives yesterday said it will issue arrest warrant on Chief Executive Officers of banks and other agencies that refuse to appear before it.

An ad-hoc Committee in the green chamber is constituted to investigate non-remittance of stamp duties funds into the federation account since 2010.

The committee is aggrieved with the absence of the CEOs and has refused to accept representatives below the executive management cadre of the organisations.

This is coming just as the Central Bank of Nigeria has confirmed to lawmakers that the federal government has realise N35.2b from stamp duties since 2016.

This, CBN said was got from bank statement showing all the details of the amount collected which has since being submitted to the lawmakers.

Yesterday at a public hearing in Abuja, the green chamber took the decision to issue warrant of arrest on erring CEOs through a unanimous adoption of a motion by Hon.Adekunle Akinlabi (APM-Ogun).

According to Akinlabi, …



Source: Leadership Newspaper