The Senate on Tuesday asked the Central Bank of Nigeria to recover monies collected by banks on behalf of Nigeria Customs Service but unremitted within seven days.

The order was given by the Committee on Customs, Excise and Tariff at an investigative meeting with the CBN, Ministry of Finance, Federal Inland Revenue Service, Corporate Affairs Commission, commercial banks and other stakeholders.

Chairman of the committee, Sen. Hope Uzodinma said the Senate would involve the Economic and Financial Crimes Commission should the CBN fail to recover the money.

He said out of N30tn being investigated by the committee, over N536bn was terminated at the various banks but not remitted to CBN.

“There are various infractions regarding import and export duties and we have carried out detailed investigation into the matter.

“Today, we will address the non-remittance of revenue collected on behalf of Customs.

“The only bank that is free of this infraction is Zenith Bank.

“We must recover what we are able to and moving forward, we must stop this infraction that is affecting our economy negatively,” he said.

Azeez