Probe of revenue leakage not a charade – Senate
The Senate on Wednesday said ongoing probe into alleged N30 trillion revenue leakage in the country’s import and export value chain was not a charade as perceived by some Nigerians.
The probe covers activities in the value chain between 2006 and 2017.
The Chairman of Senate Joint Committee on Customs, Excise and Tariff and Marine Transport, which is conducting the investigation, Sen. Hope Uzodinma, told journalists in Abuja that some firms that allegedly involved in the process had made “confessions.”
He assured that no amount of blackmail would deter the committee from carrying out its constitutional role, particularly with regard to issues that had direct impact on Nigerians.
Uzodinma said: “If there is anybody who is still in doubt whether there are recoverable revenues of government in the hands of these companies, by the admission of some of them, it means that the person should better wake up.
“We call on all Nigerians to support the Senate. We are all very serious men and women.
“We are professionals in different fields of endeavour and when we have decided to come here to serve the country, we mean every word of it.
“What we are doing and showing by this investigation is that the country can be better and that we can move from where we are now to where we expect the country to be.”
He dismissed insinuations that the committee’s investigation was shrouded in secrecy, saying it was unfounded.
He, however, said the committee was being careful in disclosing some details as the investigation was still ongoing and that making the details public now may jeopardise the process.
“We are not shrouding anything in secrecy.
“The public is interested in this investigation and you know the Stock Exchange is an important platform for trade in Nigeria.
“We don’t want to create unnecessary panic in the market as some of the companies are public-quoted.
“There is a signal we will let to the market that will destroy the image and integrity of these companies.
“We have not arrived at any conclusion because the investigation is still on. On the final day, we will do a full blown news briefing so that Nigeria will know the outcome of our exercise,’’ Uzodinma added.