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…as PAC intensify crackdown on revenue leakages

By Gloria Ikibah

The House of Representatives Public Accounts Committee (PAC) has recovered N521,765,134.17 in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN), marking another milestone in its ongoing investigation into revenue leakages and unremitted government funds.

The recovery emerged from a wide-ranging probe into transactions conducted through the Remita payment platform, an investigation launched following a resolution of the House of Representatives on a motion titled “Investigation of Revenue Leakages Through Remita Platform and Non-Compliance Substantively with Standard Operating Procedure and Other Allied Service Level Agreement.”

The House subsequently mandated the Public Accounts Committee to investigate the allegations and recover all outstanding funds due to the Federal Government.

Under the leadership of Committee Chairman, Rep. Bamidele Salam, the panel has undertaken an extensive review of financial transactions, remittances and compliance obligations linked to the Remita platform, with a focus on identifying revenue leakages and ensuring accountability in government revenue collection.

According to findings by the committee, the Central Bank of Nigeria failed to remit VAT amounting to N521,765,134.17, representing the tax component on fees earned from Remita transactions over a period spanning November 2018 to April 2024.

Following the discovery, the committee directed the apex bank to remit the outstanding amount into the Federal Government Treasury and provide evidence of compliance.

In a letter dated May 7, 2026, the CBN informed the committee that it had complied with the directive and submitted documentation confirming that the entire sum had been paid into government coffers.

Speaking on the recovery, Chairman of the Committee, Rep. Bamidele Salam, said the development underscored the importance of legislative oversight in protecting public funds and promoting accountability across public institutions.

According to him, the recovery demonstrates the effectiveness of parliamentary oversight in safeguarding government revenue and ensuring that all agencies comply with their statutory obligations.

He reiterated the committee’s determination to recover every kobo owed to the Federal Government and close loopholes that enable revenue leakages within public institutions.

The committee disclosed that its engagement with the Central Bank remains ongoing, particularly regarding the reconciliation and recovery of additional outstanding liabilities identified during the investigation.

Among the amounts still under review are unrefunded charges valued at N954,302,576.67 and accrued interest of N2,329,027,728.92, bringing the total recoverable amount in that category to N3,283,330,305.59 for the period between March 1 and October 31, 2015.

The committee is also pursuing the recovery of unrefunded Treasury Single Account (TSA) collections amounting to N8,993,551,555.94, alongside accrued interest estimated at N20,727,241,152.04.

Together, the outstanding TSA-related liability stands at N29,720,792,707.98.

With additional sums still being scrutinised, the total amount under investigation runs into tens of billions of naira.

The Public Accounts Committee said it will continue its hearing into the matter on Monday, June 8, 2026, at the National Assembly Complex in Abuja as efforts intensify to recover outstanding public funds and strengthen financial accountability across government institutions.

The latest recovery adds to a growing list of funds reclaimed by the committee as part of its ongoing drive to ensure transparency, improve revenue collection and prevent losses to the nation’s treasury.

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The presidency has cautioned Nigerians against comparing the kidnapping incidents involving the relatives of a former Minister of Power, Adebayo Adelabu, and those of schoolchildren and teachers in Ogbomoso, Oyo State.

In a statement on Sunday, the Senior Special Assistant to President Bola Tinubu on Media and Publicity, Temitope Ajayi, explained that the motivations and agendas behind the two kidnapping incidents are entirely different.

According to him, urban kidnappers who want to make money are responsible for the Adelabu family episode, while a band of terrorists operating deep inside the bush are responsible for the kidnapping of schoolchildren, which happened in Orire Local Government Area of Oyo State.

The presidential media aide, who spoke against the backdrop of calls for the government to move swiftly and rescue the schoolchildren in captivity, just like the Adelabu relatives were rescued, assured that the government and security agencies are not being selective, as claimed in some quarters.

He reiterated that the two situations are different and that those accusing the government of being selective are totally wrong.

Ajayi also gave fresh assurances that the children and teachers in the bush will be rescued very soon.

“Those who are comparing the Adelabu’s sister and her twins situation to the Ogbomoso kids and their teachers are totally wrong.

“It is wrong to compare the urban gang of kidnappers who engage in copycat crime to make money and hide victims inside a flat within the community to a band of terrorists operating deep inside the bush. The two sets of criminals have different motivations and agenda.

“The Ogbomoso children and their teachers will be rescued, and government/security agencies are not selective, as falsely claimed. The approach to the two incidents can’t be the same.

“We should be happy that the woman and his twins are safely home while we pray for quicker rescue of those still in the bush with their abductors,” he wrote on 𝕏.

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. Arrests four notorious female dealers in sweeps across Edo, Imo, Kano, Gombe

Large consignments of various opioids and illicit substances concealed in building materials have been intercepted by operatives of the National Drug Law Enforcement Agency (NDLEA) in a relentless nationwide offensive against drug cartels leading to the arrest of a 75-year-old grandpa in Ebonyi, and four notorious female drug dealers in Edo, Imo, Kano, and Gombe states.

A major blow was dealt to opioid trafficking networks in Taraba state on Saturday 6th June 2026 following credible intelligence which led to the interception of a truck conveying building materials from Onitsha, Anambra state to Jalingo. A thorough search of the vehicle by NDLEA operatives at the Nukkai Timber Shade, Jalingo, led to the discovery of a massive drug stash concealed beneath the cargo, while a 22-year-old suspect, Buhari Abdullahi, was promptly arrested.
Recovered from the truck include: 320,840 capsules of tramadol; 600 ampoules of pentazocine injection; 4,500 pills of rohypnol; and 299 bottles of codeine-based cough syrup.

Demonstrating that age is no barrier to the enforcement of the law, NDLEA operatives in Ebonyi State tracked down and arrested a 75-year-old grandpa, Okebe Samuel, at Okposi. The septuagenarian was found in possession of 300 grams of skunk, which he sells in retail sachets to the youth in his community.

In Imo state, NDLEA officers successfully raided a known drug enclave at Umulolo, Orlu. The raid resulted in the arrest of a notorious female dealer, 32-year-old Chioma Okeke, and the recovery of 8 kilograms of skunk.
Meanwhile, in Edo state, an intense sweep of notorious drug hotspots within Benin City by NDLEA operatives on Tuesday, 2nd June 2026, yielded the arrest of four key traffickers, including three females.

At Uyosa, Benin City, two female suspects, Chioma Igba (24) and Precious Ozomah (22), were nabbed with a cocktail of illicit substances including 176 grams of skunk, 65 grams of Loud, and 5 grams of Methamphetamine. Along Agbor road in Benin City, another female suspect, 21-year-old Anita Abraham, was apprehended with 95 grams of Scottish Loud and 329 grams of regular Loud. At Upper Mission, Benin City, a male suspect, Henry Okey (43), was arrested with a diverse cache of psychotropic substances consisting of Loud, Colorado, Swinol, and Methamphetamine.
A swift operation by operatives in Kano State on Thursday, 4th June 2026, led to the arrest of a 19-year-old suspect, Saifullahi Lawan at the Kafi area of Madobi, with 40 blocks of skunk weighing a total of 38 kilograms.

In a related development, operatives in Gombe State on Monday, 1st June intercepted 28-year-old Ugwu Sabastine Ifebuchi near the Dantiti Plaza in the Tumfure area of Gombe. The suspect was caught with 15,000 capsules of tramadol.
The War Against Drug Abuse (WADA) social advocacy activities by NDLEA Commands and formations equally continued across the country in the past week.

Some of them include: WADA sensitization lecture delivered to students and staff of Holiness Foundation Primary School, Saki, Oyo state; Dorras High School, Ibeju Lekki, Lagos; Ado Girls Secondary School, Onitsha, Anambra; and Army Day Secondary School, Kano state; among others.
Reacting to the string of successful operations, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) commended the officers, men and women of the Taraba, Ebonyi, Imo, Edo, Kano, and Gombe commands for their resilience and vigilance. He also praised their counterparts in all the commands across the country for pursuing a fair balance between their drug supply reduction and drug demand reduction efforts. He re-emphasized that the agency remains fully committed to dismantling drug supply chains and will continue to target traffickers regardless of age, gender, or concealment methods.