The House of Representatives said on Sunday that banks in the country evaded tax and engaged in other illegal conduct such as false declaration, violation of laws and “self exemption from existing rules.†The House noted that an ongoing investigation into tax collection and remittances by the banks had exposed […]
Tag: House of Representatives
Reps warn SEC against flouting budget embargo
The House of Representatives on Wednesday warned the Securities and Exchange Commission on the consequences of flouting the 2013 Appropriation Act which bars the agency from spending any fund this year. The National Assembly gave zero allocation to SEC in the N4.9tr 2013 budget it was passed on December 20, […]
House Probes Union Bank Over Alleged Infractions
The House of Representatives, Tuesday, mandated its Committee on Banking and Currency to investigate the operations of the Union Bank of Nigeria Plc under the management of Mrs. Funke Osibodu and report to the House within 21 days. This followed a motion of urgent public importance sponsored by Hon. Akpan […]
