Senate orders investigation of banks over held tax remittances.

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The Nigerian Senate has called for the probe of banks over an alleged non-remittance of taxes collected by the financial institutions to government.

The Senate is said to have given a directive to its Committee on Banking, Insurance and other Financial Institutions to investigate the allegations within four weeks.

The committee was also tasked with the duty of recovering all withheld tax revenues on both bank deposits and dividends.

Author: Austine