The House of Representatives Public Accounts Committee has successfully recovered N521.77 million in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN). The funds, which relate to fees generated through the Remita platform between November 2018 and April 2024, were paid into the federal treasury following a legislative probe into revenue leakages. Committee Chairman Bamidele Salam confirmed the remittance, emphasizing the legislature’s commitment to fiscal oversight. The investigation remains ongoing, with the committee currently pursuing over N33 billion in other outstanding liabilities, including unrefunded charges and Treasury Single Account collections.

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