Reps to Probe Excessive Tax Deductions/ Multiple Bank Charges

‎‎The House of Representatives has inaugurated an ad-hoc committee to investigate rising complaints of excessive tax deductions from civil and public servants, as well as multiple and unclear bank charges imposed by commercial banks.
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‎The committee, chaired by Rivers State lawmaker Kelechi Nwogu, was inaugurated in Abuja on Thursday by Speaker Tajudeen Abbas.
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‎Many Nigerians have continued to express frustration over unexplained deductions from their salaries and bank accounts.
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‎Public workers, in particular, say overlapping taxes, levies and fees from different government agencies are further reducing their already limited income.
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‎In response, the House established the Nwogu-led committee to review the concerns and engage relevant bodies, including the Central Bank of Nigeria (CBN), the Federal Inland Revenue Service (FIRS), and commercial banks.
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‎Speaking during the inauguration, Nwogu said the move was “a pivotal step” toward ensuring transparency and fairness in Nigeria’s financial system.
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‎He stated that the committee will assess the legality of the deductions affecting workers and also examine cases of non-remittance.
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‎“We aim to identify irregularities, recommend reforms, and advocate for the rights of all Nigerians,” he said.
‎He added that the committee “will not shy away from making far-reaching recommendations, not minding whose ox is gored.”
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‎Speaker Abbas, represented by Chief Whip Bello Kumo, said the committee’s establishment demonstrates the 10th National Assembly’s commitment to protecting citizens from unfair financial practices.
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‎He noted that arbitrary deductions and multiple bank charges weaken trust in financial institutions and worsen economic hardship.
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‎“This committee must work diligently and engage stakeholders across all sectors to uncover the truth and provide actionable recommendations,” Abbas said.
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