The House of Representatives Ad-hoc Committee investigating unauthorized deductions of taxes and various charges from civil and public servants’ earnings, as well as multiple bank charges on customers’ accounts, has issued a 4 day ultimatum to commercial banks in Nigeria to submit all requested documents related to these deductions.
Chairman of the Committee, Hon. Kelechi Nwogu, made the announcement at the opening of the panel’s investigative session in Abuja, stating that the mandate of the Committee is to ensure transparency and accountability in how banks apply deductions on customer accounts.
According to Nwogu, invitations had already been extended to the Ministry of Finance, the Office of the Accountant-General of the Federation (OAGF), the Economic and Financial Crimes Commission (EFCC), and all commercial banks operating in Nigeria.
During the session, the Committee raised concerns over what it described as “illegitimate deductions” being carried out by banks on accounts belonging to civil and public servants, as well as ordinary customers with no proper remittances or explanations.
