Senate Probes N34trn Import Duty Waivers, Threatens Sanctions For 14 Defaulting MDAs

The Senate Committee on Finance, on Monday, launched an investigation into the Federal Government’s issuance of Import Duty Exemption Certificates (IDECs) valued at about ₦34 trillion, as part of a wider probe into revenue leakages and remittance failures by federal agencies. The committee also issued a final warning to 14 Ministries, Departments and Agencies (MDAs)…