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Tag: NCS

FOU Zone “A” Nets N5.9 billion in 2017…179 Arrested for Smuggling

FOU Zone “A” Nets N5.9 billion in 2017…179 Arrested for Smuggling

Breaking News, Business, Port News
The Federal Operations Unit (FOU) Zone "A" Ikeja of the Nigeria Customs Service, NCS, made the highest revenue ever in its anti-smuggling operations by generating N5.9 billion in 2017, despite the harsh economic environment. This figure included the sum of N1.9 billion from duty payments and demand notices on general goods at seaports, airports and bordet stations in the South West of Nigeria. Most importers and customs agents often try to short- change the Federal Government through wrong classification of goods, transfer of value and other deliberate schemes to evade duty payment. During the year under review, the unit made a total of 1046 seizures and 179 suspects arrested for smuggling parboiled rice, frozen poultry products, vegetable oil, Indian hemp, arms and fake pharmace...
Nigeria Customs Service: How We Hit the Hit Trillion Naira Mark

Nigeria Customs Service: How We Hit the Hit Trillion Naira Mark

Breaking News, Business, Port News
The Nigeria Customs Service says it generated the sum of one trillion naira in revenue as against the target of N770, 573, 730, 490 due to measures put in place by the Col. Hammed Ali management. At a breakfast meeting with maritime journalists in Lagos, the National Public Relations Officer, DC Joseph Attah, stated that, although analysts have concluded that the revenue generated for 2017 was inferior to the figure for 2014, they were not conversant with the following economic indices. For instance, in 2014 experienced with 41 items removed from accessing forex. Rice, which raked in N56.8 bullion could not even contribute up to half a billion in 2017. Besides, the volume of imports declined considerably owing to government policy such that in 2014, the duties collected were N122...
How half-baked administrators are killing the maritime industry

How half-baked administrators are killing the maritime industry

Business, Opinion
The maritime industry in Nigeria contributes about 90% by volume of the goods that come into the country and by value, it is the third largest contributor to our nation's coffers after the Nigerian National Petroleum Corporation and the Nigeria Customs Service. Since the early 70s, government has invested heavily in marine infrastructure in the sector to bring about port efficiency and high productivity. At a point in our nation's history, there was need to build a brand new port and government set about building the Tin Can Island Port in 1977 to take care of the cement armada of the late 70s. The agencies in the sector which are funded by government include the NPA, the Nigerian Shippers Council, the Nigerian Maritime Administration & Safety Agency and the National Inland Wate...