The House of Representatives has initiated a comprehensive investigation into the various taxes and charges deducted from civil servants’ salaries and earnings across Nigeria.The resolution followed the adoption of a motion moved by the House Chief Whip, Hon. Usman Kumo, during Tuesday’s plenary session. Kumo noted that while deductions for the National Housing Fund (NHF) and the National Health Insurance Scheme (NHIS) align with government policies, there is an urgent need to determine how these funds are utilized.To carry out the investigation, the House set up an ad hoc committee chaired by Hon. Kelechi Nwogu, with members including Hons. Sagir Koki, Ginger Nwosibi, Mark Obeta, Billy Osaru, and Isosa Iyawe, among others.In a related development, the House also resolved to examine concerns over the Federal Competition and Consumer Protection Commission (FCCPC) and its 2025 Digital Lending Regulations. Lawmakers expressed worries about overlapping jurisdictions, procedural inconsistencies, and potential investor uncertainty arising from the FCCPC’s new rules.The FCCPC’s regulations are designed to monitor digital lending platforms, enforce registration, ensure fair lending practices, and curb consumer abuse such as harassment and privacy breaches. Non-compliant operators face penalties of up to ₦100 million or 1% of annual turnover, alongside director disqualification.Following a motion by Hon. Ezechi Nnamdi, representing Ndokwa/Ukwuani Federal Constituency of Delta State, the House directed agencies such as the Nigerian Communications Commission (NCC), Central Bank of Nigeria (CBN), Nigerian Investment Promotion Commission (NIPC), and ALTON to suspend enforcement of the regulations until ambiguities are resolved.The committee will engage key stakeholders to develop a harmonised, transparent, and investor-friendly regulatory framework for Nigeria’s digital lending ecosystem.
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