Breaking News

Customs recovers N891m import duty, arrests 4

By  Godfrey Bivbere
The Customs Duty Investigation team set up by the management of the Nigerian Customs Service (NCS) has arrested four import duty defaulters and have recovered N891,118,434.10 in the last seven days.

The foursome who were remanded at the Federal Operations Unit in Ikeja are, the Shipping manager of Tops Feeds Ltd. for defaulting in the payment of N105,807,756 import duty, Managing Director of Emperor Sea Nig. Ltd. for N3,970,336, Orazurike Trading Company Ltd., N453,356,831 and Corporate Oil & Gas Ltd. for N1,160,927,457.52 for the same reason respectively.

The team has also discovered under-payment by 240 importers and their agents who have defaulted in the payment of their import duty payment to the tune of N6.1 billion.

The team noted that it has blocked the said amount in the Service’s system, making it impossible for any of them to transact any business with Customs until they clear the above under-payment.

A statement signed by the team leader, Deputy Controller (DC), Mr. Mundu Mohammed, noted that though “three of them (arrested persons) have been granted bail, they have written and signed letters of promise to pay their underpayment within seven working days of receipt of their Demand Notice from the Investigation team.”

It added that, “240 importers’ and their agents have been profiled and found to be defaulting in underpayment to the amount of N6.1 billion have been blocked out in the system. By this, it will be impossible for any of them to transact business with Customs until they clear their under- payment to the Customs.”

Similarly, the team also disclosed that nine banks have responded with their remittances in the last few days while reconciliation continues with their submissions.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.