The House of Representatives on Tuesday accused commercial banks of perpetrating illegality by deducting inexplicable monies from customers without remittances.<\/p>\n\n\n\n
The House Ad-hoc Committee Chairman, investigating the deduction of taxes from civil and public servants\u2019 earnings and bank charges on customers\u2019 accounts, Rep. Kelechi Nwogu, said this during an investigative panel in Abuja.<\/p>\n\n\n\n
Nwogu reiterated the panel\u2019s mandate to ensure that all deductions or charges by banks on accounts of customers must be deducted rightly, fined rightly and used rightly.<\/p>\n\n\n\n
\u201cCommercial banks are perpetrating illegality by deducting inexplicable charges from civil servants, public servants and other customers\u2019 bank accounts without remittances,\u201d he said.<\/p>\n\n\n\n
The Ad-hoc Committee chairman, who affirmed their commitment to protecting Nigerians from illegal charges, said the House Committee had extended an invitation to the Ministry of Finance.<\/p>\n\n\n\n
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He also said that they would partner with the Office of the Accountant General of the Federation and the EFCC and commercial banks operating in Nigeria on the investigation.<\/p>\n\n\n\n
The House Committee Chairman, who rejected representation of the CEOs of GT Bank, Zenith Bank, Access Bank and others, insisted that the CEOs must appear before the panel unfailingly.<\/p>\n\n\n\n
He said, \u201cYou 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\n\n\n
\u201cWe have resolved to meet next week Wednesday. You must submit all requested documents on or before Monday.<\/p>\n\n\n\n
\u201cWe will go through all the documents, and we will put you on oath.\u201d<\/p>\n\n\n\n
The Committee, however, gave a four-day ultimatum for all the banks involved to submit all the required documents necessary for the probe.<\/p>\n\n\n\n
According to the House Committee Chairman, they have given a deadline that any bank that fails to submit the requested documents on Monday will be sanctioned.<\/p>\n\n\n\n
Nwogu said that the House panel was not leaving any stone unturned to unravel why the commercial banks engaged in spurious deduction of charges on their customers\u2019 accounts. (NAN)<\/p>\n","protected":false},"excerpt":{"rendered":"
The House of Representatives on Tuesday accused commercial banks of perpetrating illegality by deducting inexplicable monies from customers without remittances. The House Ad-hoc Committee Chairman, investigating the deduction of taxes from civil and public servants\u2019 earnings and bank charges on customers\u2019 accounts, Rep. Kelechi Nwogu, said this during an investigative panel in Abuja. Nwogu reiterated […]<\/p>\n","protected":false},"author":14,"featured_media":88229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5],"tags":[],"class_list":["post-90259","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t