In Oct, Customs Recoupes N42m from Undervalued Cargo
The Nigeria Customs Service through its Federal Operations Unit Zone A has reported that it realised the sum of N42.320 million from undervalued imported cargos in October.
This is just as it made 14 different seizures with cumulative Duty...
Customs DG Faults N6trn Fuel Subsidy
Comptroller General of Nigerian Customs Service (NCS), Hameed Alli, on Thursday faulted the over N6 trillion allegedly being paid as fuel subsidy on Premium Motor Spirit (PMS) in 2022 fiscal year by Nigerian National Petroleum Corporation (NNPC) Limited.
The NCS...
In 6 Months, Customs Recovers N3.14bn From Lagos Importers
Authority in charge of the Comptroller General of Customs (CGC), Strike Force Team A, yesterday said it recovered over N3.14 billion from dubious importers in Lagos in the last six months.
It disclosed that it was able...
Customs, Immigration, 13 Others Fail To Remit N127.1bn – Audit Report
The Office of the Auditor General of the Federation has disclosed that 15 Ministries, Departments, and Agencies failed to remit N127.13bn revenue to the Consolidated Revenue Fund between 2017 and 2019.
The OAuGF made this...
Reps Summon Customs, FIRS, Others Over Unremitted Taxes
The House of Representatives Committee on Public Accounts yesterday summoned the Nigeria Customs Service, the Federal Inland Revenue Service, the Ministry of Industry, and the Oil and Gas Free Zone Authority to clarify allegations of non-remittances of...
Osinbajo Says Reducing Customs Procedure Can Lift Nigeria, Others By $250bn
Vice President Yemi Osinbajo has said that despite the monumental challenges posed by climate change, especially energy transition and related issues, the coming decade anchored on the African Continental Free Trade Area offers great...
