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Recovery of N474m excise duty from Guinness, RMAFC
By Modupe Shodeinde
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has recovered a sum over of N474m worth of unremitted excise duty from Guinness Nigeria Plc.
Chairman of the commission, Elias Mbam said this was part of the progress made by the commission’s verification exercise on certain manufacturing companies in Nigeria.
In a statement by the commission’s Public Relation Officer, Christian Nwachukwu on Monday, the Chairman said the recovered money had been remitted into the Federation Account.
He said, “The RMAFC has recovered over N474m into the Federation Account from Guinness Nigeria Plc as unremitted excise duty.”
Mbam applauded the in-house committee on Customs Revenue Monitoring, as he noted that this was one of the major revenue collected by the Nigerian Custom Service into the Federation Account.
According to him, the account was recording low revenue generation due to the refusal of some manufacturing companies to pay excise duties.
The Comptroller-General, Nigeria Customs Service, Hameed Ali, also commended RMAFC’s effort in the recovery of such unremitted revenue.
He also urged the commission to continue in its effort to recover all unremitted revenue of the Federal Government’s Account and also block all revenue leakages.
