customs

‘Customs lost N30trn to round-tripping in 11 yrs’

‘Customs lost N30trn to round-tripping in 11 yrs’

CHAIRMAN, Senate Committee on Customs, Tariff and Excise, Senator Hope Uzodinma, declared yesterday that investigations carried out by his committee has revealed revenue loss of over N30 trillion in the last eleven years.
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Customs, stop this oppressive vehicle duty policy

Customs, stop this oppressive vehicle duty policy

Plans by the Nigerian Customs Service (NCS) to start collecting duties from the owners of old vehicles on Nigerian roads have run into stiff opposition, as the Senate, reflecting the yearnings of the Nigerian public, last week called for its immediate suspension pending explanation of the policy by Customs authorities.

‘Customs made N1.3bn seizures in 2 months’

‘Customs made N1.3bn seizures in 2 months’

THE Nigeria Customs Service, Federal Operations Unit, Zone ‘A’ Ikeja, Lagos has said it made N1.3 billion seizures of contraband goods in the months of January and February 2017 having deepened its anti-smuggling operations.

Re-registration of vehicle will cause  tension in the economy—Customs brokers

Re-registration of vehicle will cause tension in the economy—Customs brokers

THE National Council of Managing Directors of Licensed Customs Agents (NCMDLCA) has lent its voice to the Senate on the controversial import duty policy on used vehicles imposed by the Nigeria Customs Service, NCS, requiring it to impound vehicles on the road over importation documents regardless of how long the vehicles have been in use in Nigeria.