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Senate Committee on Waivers uncovers rot in Policy

*To Summon CG Customs, CBN Gov, others

By Henry Umoru

THE Senate has raised the alarm over what it termed, massive rot in the entire waivers on Rice and other food items granted some indigenous companies. According to the Senate, rather than use it positively for the interest and benefit of Nigeria and Nigerians, the policy was used by importers and relevant government agencies to defraud the country of billions of Naira, that otherwise would have been accruable revenues into the federation account.

The Senate Ad hoc Committee on Waivers set up in July to carry out holistic review of the policy with a view to determining revenue losses incurred by government revealed this yesterday. Chairman of the Committee, Senator Adamu Aliero (APC Kebbi Central)who disclosed this yesterday in an interview with journalists in Abuja, after the sitting of the Committee,   was however   not specific on the alleged rots uncovered so far.

According to Aliero, the whole thing would be made open at the stage of public hearing and in the final report the committee would later submit to the Senate.



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