OrderPaperToday – The Senate on Thursday faulted the Nigerian Customs Service (NCS) for not remitting it’s surpluses made every year, particularly in 2018 and 2019.
This is as the agency generated N573billion between January and May out of the targeted revenue of N957billion for 2020.
Deputy Comptroller-General (DCG) in charge of Human Resources, Sanusi Abubakar Umar, who represented his principal, Hameed Ali, gave these figures while appearing before the Senate Committee on Customs on Thursday.
The Committee queried the agency for not reflecting surpluses generated in its reports before the committee.
A member of the committee, Senator Francis Fadahunsi representing Osun East Senatorial district, said: ” In 2019 alone, you made surplus of N34billion which is not reflected in the 2020 reports before us.”
Responding, Umar stated that the NCS is only generating revenue agency and not a treasury-sponsored agency hence it is not expected to make returns to the treasury.
He said: “Customs is now a performance-based agency. We are not a treasury-sponsored agency, which normally makes return to the treasury any amount not spent.
“Where we have any shortfall, we don’t have anybody backing us and we cannot borrow from the bank.”
On realising more than half of the targeted revenue for the year, the Umar stated that the agency was able to identify and block leakages.
“As a result of blocking of identified areas of leakages and free flow of traffic for importers during the COVID-19 lockdown, our revenue generation increased rapidly to about N6 to N7billion per day, making us to rake in N573billion within five months which is more than half of the N957billion targeted revenues for us in 2020.
“From January to May this year, the performance of the budget is N37, 865,867,750 representing 15.90%.
“The target given to the service in terms of revenue was N1.6trillion but due to the COVID-19 pandemic the target was reviewed to N957billion. As at January to May, the service had collected N573, 190, 265, 605.21billion.”