The Senate has concluded plans to publish the names of companies found culpable in the first phase of its investigation into the alleged N30tn revenue scam in Nigeria’s import and export value chain.
The Chairman of the Senate Joint Committee on Customs, Excise and Tariff, and Marine Transport, Senator Hope Uzodinma, made this known to journalists in Abuja on Sunday.
Uzodinma said the committee had concluded the first phase of its investigation involving over 60 companies and would publish the names of firms found to be involved in various infractions leading to the loss of revenue by the Federal Government.
Uzodinma also said companies indicted for infractions relating to money laundering and foreign exchange abuses would be referred to the Economic and Financial Crimes Commission for prosecution and recovery of revenue.
He added that those bordering on smuggling and import infractions would be referred to the Nigeria Customs Service for recovery of such revenue and possible blacklisting.
Uzodinma said, “We have got to the point that even the companies themselves have seen that they are culpable and that is why we want to publish the names and hand them over to the EFCC and the Customs.