June 7, 2026

By Gift Chapi Odekina, Abuja

ABUJA — The House of Representatives Public Accounts Committee (PAC) has recovered ₦521,765,134.17 in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN) following its ongoing investigation into alleged revenue leakages and outstanding liabilities owed to the Federal Government.

The recovery is part of an inquiry initiated by the House following a motion titled “Investigation of Revenue Leakages Through Remita Platform and Non-Compliance Substantively with Standard Operating Procedure and Other Allied Service Level Agreement.”

The House subsequently mandated the committee, chaired by Rep. Bamidele Salam, to probe the issue and recover all outstanding public funds.