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…Say abuse of tax incentives, waivers pushing FG into fiscal constraints The House of Representatives Ad-hoc Committee investigating alleged non-remittance of National Housing Fund (NHF) and utilisation of funds from 2011 to date has directed the Central Bank of Nigeria (CBN), commercial and merchant banks to appear next week Thursday over 10% statutory investment in…
The committee consequently gave the defaulting banks till Thursday next week to appear before it with all the required information.
The House of Representatives ad hoc committee investigating non-remittance to the National Housing Fund and utilisation of funds from 2011 to date on Thursday warned that the chief executive officers who failed to honour its invitation risk being subpoenaed.
Emma Deko, director of the IPPIS, says the non-remittance of workers' contributions to the NHF is due to the "shortage of cash-backing".
The recent probe launched into allegations of employment fraud in the civil service amidst a ban on employment that was put in place by the administration of the former President, Muhammadu Buhari, has exposed more ills in the country’s troubled ministries, departments and agencies, DEBORAH TOLU-KOLAWOLE writes