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FG Recovers Over ₦400m Unremitted Excise Duty

Written by Yusuf Zubairu

Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has recovered over ₦474 million into the Federation Account from Guinness Nigeria PLC as unremitted excise duty.

The Chairman, Engr Elias Mbam who disclosed this at the weekend in Abuja said it was part of the progress recorded by the Commission’s Verification Excise on selected manufacturing Companies that pay excise duty into the federation account.

While commending the in-house Committee on Customs Revenue monitoring, Engr Elias Mbam further stated that excise duty was one of the major revenues collected by the Nigerian Customs Service into the Federation account and currently recording low revenue generation because of non-compliance by some manufacturing industries.

He harped on the need to give adequate attention to excise duty payment by manufacturing industries in order to increase revenue inflow to the Federal Government while calling for the strengthening of collaboration between Nigerian Custom Excise and th commission.

Responding, Comptroller General, Nigerian Customs Service (NCS), Col. Hameed Ibrahim Ali (retd) commended RMAFC’s effort in the exercise of its oversight functions leading to the recovery of such unremitted revenue accruable to the Federation Account.

He solicited for RMAFC’S continued inter Agency collaboration in its professionalism for recovering of Federal Governments unremitted revenue and urged the Commission to continue its effort in blocking revenue leakages. RN