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Home Finance

E-valuation policy: Reps clash over warrant of arrest on Emefiele

Business 360 by Business 360
February 23, 2022
in Finance, Tech
0
Minimum wage bill scales first, second reading in Senate

Members of the House of Representatives’ Joint Committees on Customs & Excise; and Banking & Currency on Tuesday clashed over the move to issue a warrant of arrest on the Governor of the Central Bank of Nigeria, Godwin Emefiele.

Governor Central Bank of Nigeria, Godwin Emefiele.

the Chairman of the House Committee on Customs and Excise, Leke Abejide, had ruled that the warrant be issued on Emefiele over his alleged refusal to answer summons by lawmakers.

The House had on January 27, 2022, asked the CBN to suspend the electronic evaluation and invoicing policy recently introduced in the import and export chain, warning that it might negatively affect revenue collection by the Nigeria Customs Service.

Emefiele was also to appear before the committee to explain the implication of the policy to Customs’ revenue target in 2022. The resolution was based on Abejide’s motion titled ‘Call on the Central Bank of Nigeria to Suspend the Implementation of the new Guidelines on the Introduction of E-Evaluator, E-Invoicing for Imports and Exports Businesses in Nigeria.’

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