The House of Representatives has inaugurated an ad-hoc committee to investigate alleged tax deductions and multiple bank charges imposed on customers by government agencies and financial institutions.
Chairman of the committee, Hon. Kelechi Nwogu, said the move was prompted by growing public complaints about unfair financial practices and aimed at ensuring accountability, transparency, and fairness in the nation’s financial system.
According to Nwogu, the committee’s mandate covers a broad range of issues, including the nature and application of taxes, levies, and salary deductions affecting civil and public servants, as well as possible cases of non-remittance of deducted funds. It will also examine bank charges and the application of Value Added Tax (VAT) on existing fees.
“As representatives of the people, it is our responsibility to address these concerns directly and ensure that financial practices promote justice and equity,” Nwogu said. “We aim to identify any irregularities, recommend essential reforms, and advocate for the rights of all Nigerians. We will make far-reaching recommendations and will not hesitate to use the full authority of the Legislature when necessary.”
Speaker of the House, Hon. Tajudeen Abbas, reaffirmed the commitment of the 10th National Assembly to promoting fairness and accountability in Nigeria’s financial system.
Represented by the Chief Whip, Hon. Usman Kumo, Abbas said the committee’s establishment underscores the legislature’s responsiveness to citizens’ grievances over arbitrary deductions from salaries and accounts.
“It is a privilege to inaugurate this ad-hoc committee dedicated to investigating tax deductions and various charges affecting civil and public servants, as well as excessive bank fees burdening everyday Nigerians,” Kumo said.
The committee is expected to engage with relevant government agencies, financial institutions, and stakeholders in its bid to uncover irregularities and recommend reforms that protect the interests of Nigerian citizens.
