By Our Correspondent <\/p>\n
To guide against fraudulent practices in the nation\u2019s financial institutions, an Ad-hoc Committee of the House of Representatives investigating deduction of taxes and sundry charges from civil and public servants earnings and multiple bank charges on customers account in Nigeria has given the commercial banks operating in Nigeria a 4-Day deadline to submit all requested documents on their charges<\/p>\n
The House probe panel also insisted on the appearances of the Chief Executive Officers CEOs of these financial institutions at the investigative hearing and rejected representation of any bank CEO without authorization letter to the panel appropriately signed.<\/p>\n
Chairman of the House Committee Hon. Kelechi Nwogu in a remark at the commencement of the House panel session on Tuesday in Abuja said that the House probe panel is mandated to ensure that all deductions of charges by banks on customers account must be fined rightly and used rightly.<\/p>\n
He further stated that the House Committee had extended invitation to the Ministry of Finance, Office of the Accountant-General of the Federation OAGF, the Economic and Financial Crimes Commission EFCC and commercial banks operating in Nigeria on the investigation.<\/p>\n
The House Committee members during the investigation said that the commercial banks are perpetrating illegality by deducting inexplicable charges from civil servants, public servants and other customers bank accounts without remittances.<\/p>\n
The House Committee Chairman and some members who rejected representation of the CEOs of GT Bank, Zenith Bank, Access Bank and other commercial banks cannot hold waters as they insisted that they must appear before the panel unfailingly<\/p>\n
He said: “You cannot appear here without an identity. We are not here on our own. We are here on the mandate of the people that elected us into parliament.<\/p>\n
“We have resolved to meet next week Wednesday. You must submit all requested documents on or before Monday. <\/p>\n
“We will go through all the documents and we will put you on oath”.<\/p>\n
“It will not be well if we invite you here again and you tell us the same story. We have given a deadline that any bank that failed to submit the requested documents on Monday must be sanctioned”.<\/p>\n
The House Committee Chairman said that the House panel is not leaving any stone unturned to unravel why the commercial banks engage in spurious decudctoon of charges on their customers account.<\/p>\n
Other members of the panel notably Hon Chidi Mark Obeta,Hon. Engr Dominic Okafor,and other members while speaking in support at the hearing demanded that the bank chief executive officers must appear before the panel unfailingly.<\/p>\n","protected":false},"excerpt":{"rendered":"
By Our Correspondent To guide against fraudulent practices in the nation\u2019s financial institutions, an Ad-hoc Committee of the House of Representatives investigating deduction of taxes and sundry charges from civil and public servants earnings and multiple bank charges on customers account in Nigeria has given the commercial banks operating in Nigeria a 4-Day deadline to […]<\/p>\n","protected":false},"author":2,"featured_media":346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[624,118,178,5608,5607,1603],"class_list":["post-9277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy","category-politics","tag-account","tag-bank","tag-charges","tag-customers","tag-earnings","tag-multiple"],"_links":{"self":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/9277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/comments?post=9277"}],"version-history":[{"count":1,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/9277\/revisions"}],"predecessor-version":[{"id":9278,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/9277\/revisions\/9278"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media\/346"}],"wp:attachment":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media?parent=9277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/categories?post=9277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/tags?post=9277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}