By Paul Effiong, Abu,ja
House of Representatives has inaugurated an ad-hoc committee to urgently investigate the alleged arbitrary deduction of taxes and sundry charges from the earnings of civil servants, as well as the multiple bank charges imposed on customers accounts across the country.
The Chairman of the committee, Kelechi Nwogu informed that the panel was set up by Speaker Tajudeen Abbas owing to the incessant public outcry and complaints over inconsistencies in financial deductions and rising banking fees that have deepened their frustration.
Speaking during the inauguration, Nwogu described the move as a defining step in the National Assembly’s pursuit of financial transparency, fairness, as well as accountability.
Earlier, the chairman lamented that many citizens are subjected to unexplained salary deductions and excessive bank charges that erode their already limited income.
The lawmaker said: “It is with a profound sense of duty that I assume this role, adding that our task is to identify irregularities, recommend essential reforms and ensure that financial practices across government and banking institutions reflect justice and equity.”
Consquently, the comittee outlined its mandate, even as it pledged its readiness to probe beyond the surface for the purpose of covering the nature and application of taxes, levies, and salary deductions affecting civil and public servants.
“We will examine bank charges, including the application of Value Added Tax, VAT, on existing fees, while reiterating readiness to make “far-reaching and decisive recommendations,”
He equally called for the cooperation of government agencies, financial regulators and civil society in ensuring a thorough and impartial inquiry.
In his remarks, Speaker Abbas said the panel became necessary in view of several complaints from Nigerians on illegal and hidden charges by financial institutions, as well as corporate organisations.
Represented by the Chief Whip, Usman Kumo, the speaker reaffirmed the 10th Assembly’s commitment to protect Nigerians from unfair financial practices.
Speaker Abbas had earlier described the committee’s work as a response to the cries of overburdened workers and bank customers who continue to face unexplained deductions.
He said: “Civil and public servants, who work tirelessly for our nation, should not be subjected to exploitative deductions that reduce their hard-earned income.”
The speaker, however, charged the committee to discharge its duty with integrity, transparency and a deep sense of national responsibility.
“Let us remember that our efforts are aimed at ensuring that every Nigerian has a voice. Our goal is to restore public confidence and build a financial system rooted in justice and accountability.”
