…as committee orders CAC to explain ₦13.9bn operating surplus debt
By Gloria Ikibah
The House of Representatives has directed the Nigeria Customs Service (NCS) to submit a detailed account of the nearly ₦34 trillion worth of import duty waivers granted in 2025, demanding the identities of beneficiaries, the legal basis for the concessions and the specific purposes for which they were approved. 
The directive was issued on Tuesday during an oversight session of the House Committee on Finance with the management of the Nigeria Customs Service as part of the National Assembly’s ongoing review of revenue-generating agencies.
Chairman of the committee, Rep. James Faleke, said the lawmakers were not opposed to the government’s waiver policy but had a constitutional duty to ensure that such concessions were transparent and served the country’s economic interests.
According to him, the committee wants clarity on who benefited from the waivers and whether the incentives achieved their intended objectives.
Faleke said: “Waiver is good. It is not a bad thing to grant waiver. But we want to know those who benefited from the waiver and the purpose for such waiver. It is okay if you grant waiver on medical and agricultural products.
“If you grant waiver, it is aimed at helping the economy to grow. For example, if you grant waiver on agricultural products, it is aimed at reducing the cost of food. So, we are not against waiver. But we want to know the beneficiaries of this ₦34 trillion waiver”.
The committee also questioned Customs over what lawmakers described as inconsistencies in its revenue reports, despite the agency consistently surpassing its collection targets.
Faleke observed that while the Service recorded impressive revenue performance, the financial records submitted did not sufficiently explain how the additional revenue above approved targets was realised.
“We are not going to applaud your efforts now because your account books are not balanced. We know that you want to be transparent, but you have not told us how the excess money you are reporting came about.
“I can see that in some months, you under-declare your revenue collection and in other months, you overshoot the collection. We want to know what is responsible for this. You have to provide these little details that will help us properly assess your performance”, he stated.
Deputy Chairman of the committee, Rep. Saidu Abdullahi, argued that the Federal Government should consider raising revenue targets for agencies such as the Nigeria Customs Service, noting that the Service had repeatedly exceeded expectations.
“I personally believe that they can do more than the target we give to them.
“I think we are not pushing them enough. That is why they will always come up with excesses. In 2024, you were given a target of ₦5 trillion and you generated N6.1 trillion. In 2025, you were given a target of about ₦6 trillion and you generated N7.2 trillion. I believe that if we push you enough, you can do better”, he said.
Responding on behalf of the Comptroller-General of Customs, Bashir Adeniyi, the Deputy Comptroller-General in charge of Finance, Administration and Technical Services, Kikelomo Adeola, clarified that the Nigeria Customs Service does not approve import duty waivers.
She explained that the Service only implements approvals granted by the Federal Ministry of Finance in line with existing laws and government policy.
Adeola also advocated greater investment in inland dry ports across the country, saying the facilities would ease congestion at seaports and speed up cargo clearance.
“I will encourage all state governments to invest in inland dry ports. That will have a lot of impact on our operations. Any cargo that is marked for such inland port will not be delayed at the main port.
“The container will be transported directly to the inland port where it will be examined. That will reduce the pressure at the nation’s ports and increase trade facilitation in the states”, she said.
She further assured lawmakers that Customs’ scanning equipment was largely operational, with only a few units currently undergoing repairs.
However, committee member Rep. Ifeanyi Uzokwe urged the Service to hold officers accountable whenever negligence leads to equipment failure or unnecessary delays in cargo clearance.
The committee also scrutinised the Corporate Affairs Commission (CAC), directing the agency to submit comprehensive records of all registered companies and businesses in Nigeria, including the fees paid during registration.
Lawmakers further queried the commission for failing to submit its audited financial statements to the Fiscal Responsibility Commission (FRC) since 2019, contrary to statutory requirements.
The committee ordered the CAC to reconcile its records with the Fiscal Responsibility Commission without delay.
A representative of the Fiscal Responsibility Commission told lawmakers that the Corporate Affairs Commission owed the Federal Government N13.9 billion in unremitted operating surplus accumulated over several years.
Responding, the Registrar-General of the Corporate Affairs Commission disclosed that the agency had already begun reconciling its accounts with the Fiscal Responsibility Commission and had agreed to settle the outstanding liability through quarterly payments of N500 million.
