FAAC Moves to Recover N101bn from Customs Over Revenue Irregularities
The Federation Account Allocation Committee (FAAC) has initiated steps to recover about N101.17 billion from the Nigeria Customs Service (NCS) after an audit by OOM Professional Services uncovered discrepancies in revenue remittances. According to a FAAC Post Mortem Sub-Committee report obtained by our correspondent, the audit revealed misclassified funds and delayed remittances by commercial banks,…
