Tag: Nigerian Customs Service

Customs ditch $3.2bn modernisation project for Intelligence partnership with WCO

Aminu Imam

The Nigeria Customs Service, (NCS), may have set aside the $3.2 billion Customs Modernisation Project, otherwise known as e-Customs, over lingering litigation issues, as the Service has announced a partnership with the World Customs Service (WCO) to deploy Geospatial Intelligence at the nation’s borders. Addressing newsmen in Lagos yesterday, the acting Customs Comptroller-General, Adewale Bashir Adeniyi, said that due to the lingering court cases over the $3.2 billion e-Customs project, he has not been talking much about the project since he took over the reins of leadership of the Service.…

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Nigerian Customs to start charging VAT on diesel imports

Aminu Imam

The Federal Inland Revenue Service, (FIRS), has issued a letter to diesel suppliers in Nigeria, informing them that they are required to pay Value-Added Tax (VAT) on automobile gas oil (AGO), or diesel imported into the country. The letter, dated June 8th, 2023, and addressed to diesel suppliers, was forwarded by the Assistant Comptroller-General of Tariff and Trade, MBA Musa, on behalf of the Deputy Comptroller-General of Tariff and Trade to diesel suppliers. According to the letter, the VAT Modification Order 2021 only exempts petroleum products of HS codes 2709.00.00.00…

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“NNPC N6trillion fuel subsidy is a fraud” – Customs Boss, Hameed Ali 

Aminu Imam

…Says over 38m litres of petrol leave Nigeria daily The Comptroller-General of Nigerian Customs Service (NCS), Hameed Ali, yesterday faulted the over N6 trillion allegedly being paid as fuel subsidy on Premium Motor Spirit (PMS), otherwise known as petrol, in 2022 fiscal year by the Nigerian National Petroleum Company (NNPC) Limited. The Customs Boss, who disclosed this while defending the NCS presentation on the 2023-2025 Medium-Term Expenditure Framework (MTEF) and Fiscal Policy Paper (FSP), held at the instance of the House Committee on Finance, chaired by Hon. Abiodun James Faleke,…

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Customs confirms plan to auction 7,000 uncleared vehicles in Lagos ports 

Aminu Imam

The Nigerian Customs Service, (NCS), has said thousands of uncleared imported vehicles in Lagos State may be auctioned if the owners fail to comply with the newly introduced Vehicle Identification Number (VIN) valuation policy. Importers have been shying away from clearing imported vehicles over the new controversial policy that has made clearing vehicles too expensive. The NCS Area Comptroller of Ports Terminal Multiservices Limited (PTML), Festus Oyedele Okun, put the number of the vehicles manufactured before 2013 at 7,000. “We have about 7,000 vehicles at the ports. They are mainly…

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Call tariffs may increase, as Customs impose 5% duty on recharge cards

Aminu Imam

President Muhammadu Buhari has reputedly approved the collection of five percent excise duty on telephone recharge cards and vouchers. According to an issued circular signed by the Minister of Finance, Budget and National Planning, Zainab Ahmed, directed the Nigerian Customs Service to create a tariff line for the collection of the excise on mobile telephones, electricity meters (components) and set up boxes at 5%. The circular conforms with another list of excisable items by customs to include telephone recharge cards and vouchers at five percent. The increase comes even as…

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Customs generates N2.240 trillion revenue in 2021

Aminu Imam

The Nigeria Customs Service, (NCS), has said it generated the sum of N2.240 trillion in revenue for the year 2021, just as the amount generated was over the target of N1,678 trillion set for the year. Commenting on this feat, in an issued press statement released by the National Public Relations Officer, Joseph Attah, quoted the Comptroller-General of Customs, Col. Hameed Ibrahim Ali (rtd), saying that the revenue generated was over the sum of N1,562 trillion generated in 2020 representing 43.45 percent increase. However, Ali described the revenue generated as…

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Customs vehicle chasing suspected rice smuggler crushes 7 to death, injures 20 others in Katsina

Aminu Imam

A vehicle of the Nigeria Customs Service, (NCS), chasing rice smugglers reportedly crushed seven persons to death in Jibiya LGA of Katsina State, on Monday. It was gathered that the vehicle, which rammed into a group of people by the roadside, injured about 20 persons, who are currently being attended to in a local hospital in the area. Angry mob in the area resorted to violent protest and eventually battered the customs’ official vehicle before the arrival of security agencies. According to an eyewitness, “They were chasing a J5 vehicle…

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‘Only items imported by President are duty-free’, Customs tells MDAs

Aminu Imam

The Nigeria Customs Service, (NCS), has stated that only items imported by the president are exempted from duty charges and tax payment. This was contained in an issued statement issued on Friday, by the NCS Deputy National Public Relations Officer, Timi Bomodi. The officer alerted that some ministries, departments and agencies, (MDAs), at different levels of government are evading duties and taxes on imported vehicles and other equipment into the country. “The NCS wishes to state that except where waivers or concessions were sought and granted, all outstanding duties and…

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30 of 65 private jets in Nigeria owe Customs’ duties – Official

Aminu Imam

The Nigeria Customs Service says 30 out of 65 private airplanes verified so far are liable to pay required duties to the Federal Government. The Customs Public Relations Officer, Joseph Attah, made this known while speaking with newsmen in Abuja yesterday. Attah explained that some of these airplanes came into the country by Temporary Importation agreement, which allows them to bring the jets without payment because they were secured by a bond. He said, thereafter, many of them failed to turn up to pay on the expiration of the agreement,…

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Kano: Turkey-bound Nigerian arrested with 54 ATM cards

Aminu Imam

A money-laundering suspect has been arrested at the Malam Aminu Kano International Airport, (MAKIA), with 54 Automated Teller Machines, (ATM) cards while attempting to board a flight. The suspect, Abubakar Sale, was handed over yesterday to the Head of the Kano Zonal Office of the Economic and Financial Crimes Commission,(EFCC), by the Area Controller of the Nigeria Customs Service in Kano, S.P Umar, who told the EFCC Head, Mualledi Farouq Dogondaji, to conduct further investigation. Picture caption: The-ATM-cards-found-on-Abubakar-Sale-being-handed-over-to-EFCCs-Dogondaji Speaking at the ceremony at the Customs Area Command in Kano, Umar…

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