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Reps Invites Bank CEOs Over Illegal Deductions

The House of Representatives Ad-hoc Committee investigating deduction of taxes and sundry charges from civil and public servants’ earnings and multiple bank charges on customers’ accounts in Nigeria has given the commercial banks operating in Nigeria a 4-day deadline to submit all requested documents on their charges

‎Chairman of the House Committee, Mr. Kelechi Nwogu, who gave the directive at the commencement of the House panel session in Abuja, said the House probe panel is mandated to ensure that all deductions of charges by banks on customers’ accounts are made rightly and used rightly.

‎Mr. Nwogu explained that the House Committee has extended an invitation to the Ministry of Finance, Office of the Accountant-General of the Federation OAGF, the Economic and Financial Crimes Commission EFCC and commercial banks operating in Nigeria on the investigation.

‎The Committee, during the investigation, said that the commercial banks are perpetrating illegality by deducting inexplicable charges from civil servants, public servants, and other customers’ bank accounts without remittances.

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‎The House Committee Chairman said that the House panel is not leaving any stone unturned to unravel why the commercial banks engage in spurious deduction of charges on their customers’ accounts.

Mr. Nwogu, who rejected the representation of the CEOs of GT Bank, Zenith Bank, Access Bank, and other commercial banks, insisted that CEOs must appear before the panel unfailingly

‎ “You cannot appear here without an identity. We are not here on our own. We are here on the mandate of the people who elected us into parliament.

‎”We have resolved to meet next week on Wednesday. You must submit all requested documents on or before Monday next week.

‎”We will go through all the documents and we will put you on oath” Mr. Kelechi Nwogu.

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