EXTRA: Revenue Service Bill Will Push Us Out Of Business, Says Customs Boss

 

The Comptroller General of the Nigeria Customs Service (NCS), Adewale Adeniyi, says the proposed Nigeria Revenue Service Bill in the National Assembly threatens the existence of his agency.

He made his position known during the public hearing of the House of Representatives Committee on Finance on Wednesday.

The Customs boss in his submission raised some jurisdictional conflicting issues on the proposed Nigeria Revenue Service Bill.

He said, “The Nigeria Revenue Service Establishment Bill 2024 Section 1 provides a legal framework for the administration of taxes and revenue under any law where Section 42 defines tax. So, this particular section subsumes everything that is provided under Section 3 and 4 of the NCS Act, 2023.

“We should encourage collaboration, and integration of operations between Customs and the tax authorities, not abolish Customs or repeal a law because we want to make another law.”

Related Posts

Nigeria’s inflation rate soars to 24.2%

  The National Bureau of Statistics (NBS) says Nigeria’s inflation rate edged up to 24.23 percent in March. The NBS announced the increase in its consumer price index (CPI) for…

Blackout looms in Nigeria over N4trn debt

  Power generation companies, GenCos, on Monday, warned that power plants across the country were facing imminent shutdown over a huge N4 trillion debt owed by the Federal Government. The…

Leave a Reply

Your email address will not be published. Required fields are marked *