Skip to main content

Customs debits importers N1.1billion in six months

Customs debits importers N1.1billion in six months

The Comptroller General (CG), Strike Force, the Nigeria Customs Service (NCS), Zone ‘A’  has raised a Debit Note (DN) of over N1.104 billion against importers, who paid lesser duties to the Federal Government across the six area commands in the South West in the last six months.

   
The Co-ordinator of the Strike Force, Assistant Comptroller Abba Kakudi, in a statement, Wednesday, said the Debit Note was issued on seizures between January 1 and June 11, 2020, adding that despite the COVID-19 pandemic, which affected the movement of goods.

 
Kakudi said in the last two weeks, the Strike Force has given a hard chase to smugglers, who were desperate to unleash economic sabotage on the country. 

Giving details of the seizures, he said: “Our seizures include; 1000 bags of 50kg foreign parboiled rice with the Duty Payment Value (DPV) 13.252 million, 10 Tokunbo vehicles with DPV N31.184 million and 30 bales of second hand clothing with DPV of N2.160 million. It is important to say that in order to help the economy to grow, there is no need to import what we can produce here in Nigeria or bringing in prohibited items.”
 
According to him, the federal government has encouraged a lot of rice farmers to produce in large quantities and even healthier than foreign rice, adding that traders should avail themselves of this opportunity to market indigenous products to grow the economy maximally.
   
He said: “You will be surprised that in a bid to police the smugglers from bringing in these prohibited products, our officers face a lot of dangers, as most of the smugglers are armed; sometimes not necessarily with rifles but machetes, charms and other dangerous weapons, but we are not overwhelmed.”
“This ugly situation is experienced more around the creeks where inhabitants mobilise some under-aged people against us, to the extent of calling us names as well as some stoning us, all in a bid to make/secure seizures.”
 
He therefore appealed to those who believe that smuggling is very lucrative to desist from it, as the Customs officers are always a step above them in all their plots and strategies, saying that a smuggler is an economic saboteur, and such a trade cannot be the best means of livelihood due to the inherent dangers and attendant losses.

 He decried that smuggling ruins the economy of any nation, adding that a lot of incentives have been provided by the Federal Government to revamp Nigeria’s economy, while warning importers and agents against aiding and abetting smuggling.

Comments

Popular posts from this blog

NSE vows to enhance retail investment opportunities

NSE vows to enhance retail investment opportunities   The Nigerian Stock Exchange has expressed its commitment to redefining and improving investors’ overall experience in the Nigerian capital market, and ensuring that it remains modern, convenient and secure. This was highlighted at the inaugural edition of the Retail Investors’ Webinar hosted by the Exchange in collaboration with the Nigerian International Securities Limited on Monday. The event, with the theme ‘Capital market investing in a digital age’, was supported by the Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria. Speaking during the webinar, the Chief Executive Officer, NSE, Mr Oscar Onyema, said, “Investor participation is central to the growth and sustainable development of any economy. “The Exchange is, therefore, committed to facilitating conversations that will expound on the retail investment opportunities available in the capital market and the chann...

CBN okays dollar collection for diaspora remittances

CBN okays dollar collection for diaspora remittances The Central Bank of Nigeria (CBN) has stopped naira payment to recipients of diaspora remittances (dollar inflows) from International Money Transfer Operators (IMTOs). The customers are by a new regulation released on Monday, allowed to receive their funds through foreign currencies of their choice, including payment of the funds into domiciliary accounts. The new policy, contained in a circular signed by CBN Director, Trade & Exchange Department, O.S. Nnaji, is expected to simplify and improve receipt and administration of diaspora remittances into Nigeria. According to Nnaji, recipients of such IMTOs remittances have the option of receiving these funds in foreign currency cash or into their domiciliary accounts. According to the apex bank,  beneficiaries of diaspora remittances through the  IMTOs shall now get such inflows in foreign currency (US Dollar) through the designated banks of their choice. “...

Petrol scarcity looms as tanker drivers halt operations

Petrol scarcity looms as tanker drivers halt operations   Petrol scarcity may surface across the country as the Nigerian Association of Road Transport Owners on Monday ordered tanker drivers nationwide to halt operations beginning from Tuesday (today). NARTO gave the directive in Abuja in protest against the Federal Government’s ban on petroleum trucks above 45,000 litres from plying Nigerian roads. NARTO is the umbrella organisation of all commercial vehicles owners in Nigeria engaged in the haulage of petroleum products, general cargoes, and movement of goods and passengers within the country and the West-African sub-region. Speaking at a press briefing in Abuja, NARTO’s National President, Yusuf Othman, said members of the association would have to park their trucks on Tuesday and Wednesday as warning to government against the abrupt ban. He said, “NARTO received with grave shock the recent government decision to place immediate ban on all petroleum trucks above 45,...