Reps committee recovers ₦521m unremitted VAT from CBN

By Gift Chapi Odekina, AbujaABUJA — 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-Com