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Don’t blame automotive plan for Tokunbo vehicles’ cost — NADDC

CONTRARY to media reports (not in Vanguard) that the National Automotive Industry Development Plan, NAIDP, was punitive and responsible for the increase in smuggled vehicles, the National Automotive Design and Development Council, NADDC, has said that the agency is shocked that the policy is being blamed for the increased prices of imported used vehicles otherwise known as Tokunbo vehicles.

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Tokunbo imports: Freight forwarders threaten to go to N/A, court

Former Chairman of the Council for the Regulation of Freight Forwarding in Nigeria, CRFFN, and member of the Board of Trustees, BOT, of the Association of Nigeria Licensed Customs Agents, ANLCA, Tony Iju Nwabunike, has said that freight forwarders would head for the law court and the National Assembly to challenge the planned commencement of 70 percent increase on duties of imported vehicles.

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