On 5 March 2020 the House of Representatives mandated its joint Committees on Finance and on Banking and Currency, chaired by James Faleke and Victor Nwokolo, to investigate revenue leakages put at over US$30 billion a year, arising from tax evasion and the misuse of foreign exchange allocations by companies. Telecoms operators including MTN, Globacom, Airtel and 9mobile were summoned in 2020. At hearings in June 2021 the committee accused Citibank of failing to remit about US$5 billion in taxes and ₦93 billion in other revenue, which the bank denied.
What the record shows
- 5 March 2020Probe opened.
- As of 11 November 2026No final report of this probe has been found on the public record.
Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.