The House of Representatives has inaugurated an Ad-hoc Committee to investigate the deduction of taxes and sundry charges from civil and public servants’ salaries, as well as multiple bank fees imposed on customer accounts across Nigeria.

Hon. Kelechi Nwogu, Chairman of the committee, said the move responds to mounting public concerns over inconsistencies and lack of transparency in tax deductions and banking fees.

“These issues have contributed to confusion and a lack of trust among our populace. As their representatives, it is our responsibility to address these concerns directly and ensure that financial practices promote justice and equity,” Nwogu stated.

The committee’s mandate includes:

• Examining the nature and application of taxes, levies, and salary deductions affecting civil and public servants.
• Investigating possible cases of non-remittance of deducted funds.
• Probing the range of bank charges, including Value Added Tax (VAT) applied to existing fees.
• Recommending reforms to ensure fairness, transparency, and accountability in both government and banking practices.

Nwogu urged full cooperation from government agencies, banks, regulatory bodies, and civil society organisations, stressing that the investigation aims not only to identify problems but also to propose actionable reforms.

“We are prepared to make far-reaching and decisive recommendations, not minding whose ox is gored, and will utilize the full authority of the Legislature when necessary,” he added.

The inauguration ceremony was attended by Speaker Rt. Hon. Tajudeen Abbas, who was represented by Chief Whip Hon. Usman Bello Kumo. The Speaker reiterated the House’s commitment to promoting fairness, transparency, and accountability in Nigeria’s financial system.

“The deductions faced by our public servants raise serious concerns. These dedicated individuals should not bear the burden of unjust financial practices that diminish their earnings,” Abbas said.

He also highlighted the impact of multiple and unclear bank charges, noting that such practices erode public confidence and increase economic hardship for citizens.

The Speaker urged the committee to carry out its work with integrity, objectivity, and commitment, engaging all relevant stakeholders to ensure comprehensive investigation and practical reforms.

“Together, we have the opportunity to enact meaningful change and restore confidence in our financial institutions. Our efforts aim to ensure that every Nigerian has a voice and that our actions shape a just financial landscape for future generations,” he concluded.

The committee is expected to submit its findings and recommendations, which could lead to significant policy and institutional reforms aimed at enhancing financial fairness and accountability in Nigeria.