The Senate has queried the Central Bank of Nigeria over alleged unremitted $3.3bn from the $21.3bn collected by the Federal Inland Revenue Service as foreign tax in 2015.
The Senate panel said it acted on an audit query raised against the CBN by the Office of the Auditor General for the Federation.
The Chairman of the panel, Senator Mathew Urhoghide, asked the CBN management to explain the shortfall. The Senate committee then directed him and other top officials of the CBN to report back to it on Monday with required documents on the alleged variations in the exchange rate. He said, “When the CBN was asked about the difference in the amount, the CBN hinged its argument on exchange rate, upon which officials of the bank are directed to come up with supporting documents if they have.
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