The House of Representatives Committee on Customs and Excise has faulted some financial institutions over their continual evasion in its investigation of revenues they collected on behalf of the Nigeria Customs Service.
Chairman of the Committee, Leke Abejide, alleged that heads of some of the financial institutions were in the habit of avoiding the lawmakers.
At an investigative hearing held in Abuja on Wednesday, the committee interrogated officials of several banks who appeared before it.
Abejide decried that the managing directors and chief executive officers always sent representatives that lacked the capacity to address the issues, thereby wasting their legislative time.
The chairman dismissed representatives of some banks for lacking the capacity to appear before the committee. The banks include Sterling Bank, CitiBank, Keystone Bank, Zenith Bank, FCMB, among others.
Among the banks that made presentations to the committee were Guarantee Trust Bank, Ecobank, UBA, Polaris and Wema Bank.
The chairman gave all the banks two weeks to reconcile their accounts and report back to the committee.
He warned that if the banks refused to cooperate by clearing all the debts, the House would take action against them.