The house of representatives public accounts committee (PAC) says it has recovered N521.76 million in unremitted value-added tax (VAT) from the Central Bank of Nigeria (CBN).
The recovery is part of ongoing probe into revenue leakages and outstanding funds due to the federal government, the committee said in a statement on Sunday.
The development, according to the panel, followed an investigation initiated pursuant to a resolution of the house on a motion titled ‘Investigation of Revenue Leakages Through Remita Platform and Non-Compliance Substantively with Standard Operating Procedure and Other Allied Service Level Agreement
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