Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    XRP Tanks, Price Drops by 6% to $1.22 as Buyers Turn to Sellers

    November 5, 2026

    FCTA Eyes $1.5bn Green Inv. to Overhaul Transport, Energy Sectors

    November 5, 2026

    Developing Countries’ External Debt Hits Record $9.4trn in 2025 – World Bank

    November 5, 2026
    Facebook X (Twitter) Instagram
    Trending
    • XRP Tanks, Price Drops by 6% to $1.22 as Buyers Turn to Sellers
    • FCTA Eyes $1.5bn Green Inv. to Overhaul Transport, Energy Sectors
    • Developing Countries’ External Debt Hits Record $9.4trn in 2025 – World Bank
    • Nigeria Federal Court Voids Atiku Abubakar Presidential Candidacy
    • Dangote Cement Loses N2.514 Trillion, Returns to 7-Day Low
    • Naira Depreciates as Interbank FX Turnover Moderates by 19%
    • Equities Investors Lose N3.28trn as Dangote Cement Tanks
    • Apapa Customs Generates N302bn in One Month – Mu’azu
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Friday, November 6
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Customs: Tincan Island Command Records N1.57trn Revenue in 2025

    Customs: Tincan Island Command Records N1.57trn Revenue in 2025

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiDecember 23, 2025 Economy No Comments3 Mins Read
    Customs: Tincan Island Command Records N1.57trn Revenue in 2025
    Frank Onyeka, the Customs Area Controller, Tincan Island Customs Command
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Customs: Tincan Island Command Records N1.57trn Revenue in 2025

    The Customs Area Controller, Tincan Island Command, Comptroller Frank Onyeka, said the command generated N1.57 trillion in 2025, surpassing its N1.52 trillion revenue target.

    Onyeka disclosed this during a media parley at the Tincan Island Customs Command headquarters in Lagos on Tuesday.

    He said the command recorded an extra N51.8 billion above its 2025 target, noting that revenue collection remained ongoing until Dec. 31.

    Onyeka described the achievement as historic, attributing it to discipline, professionalism and deliberate policy decisions rather than chance.

    “The command was given a revenue target of N1.524 trillion for 2025 and exceeded it through enhanced validation, delayed examination and strict adherence to procedures,” he said.

    He added that the removal of multiple and unnecessary alerts eliminated delays and inconsistencies that had previously slowed cargo clearance and encouraged abuse.

    “By streamlining internal procedures and strengthening coordination, we improved efficiency without compromising control,” Onyeka said.

    The comptroller noted that revenue growth and trade facilitation were complementary, stressing that transparent and predictable processes naturally improved compliance.

    He attributed the success to sustained engagement with importers, licensed agents, terminal operators and shipping companies to resolve challenges and build trust.

    Beyond revenue, Onyeka said the command remained resolute on enforcement, recording seizures of improperly declared and prohibited items through intelligence-led operations.

    “Surpassing the target is not a signal for any relaxation in enforcement standards.

    “The command remains fully mobilised to sustain revenue generation and ensure every kobo due to the Federal Government is assessed, collected and accounted for,” Onyeka said.

    He credited much of the success to the B’Odogwu Unified Customs Management System, saying initial challenges were resolved through stakeholder sensitisation and collaboration.

    Responding to journalists, Onyeka said feedback after he assumed office in December 2024 revealed deep-rooted issues, including multiple alerts and enforcement inconsistencies.

    He said his administration first fixed internal procedures, a move he described as paying off in record revenue performance.

    Onyeka thanked the Comptroller-General of Customs, Dr Bashir Adeniyi, for strategic direction anchored on professionalism, automation, accountability and transparency.

    He also commended his predecessor, Deputy Comptroller Dera Ntadi, officers of the command and stakeholders for their cooperation and dedication.

    Onyeka pledged to block leakages, strengthen enforcement, support legitimate trade and contribute meaningfully to Nigeria’s economic and fiscal objectives.

    He reaffirmed that his core mandate remained revenue generation, suppression of smuggling, trade facilitation and national security.

    Looking ahead, Onyeka promised to sustain reforms and maintain the “one-stop-shop” clearance model to further enhance trade facilitation. #Customs: Tincan Island Command Records N1.57trn Revenue in 2025#

    Customs Tincan Island
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    XRP Tanks, Price Drops by 6% to $1.22 as Buyers Turn to Sellers

    FCTA Eyes $1.5bn Green Inv. to Overhaul Transport, Energy Sectors

    Developing Countries’ External Debt Hits Record $9.4trn in 2025 – World Bank

    Nigeria Federal Court Voids Atiku Abubakar Presidential Candidacy

    Dangote Cement Loses N2.514 Trillion, Returns to 7-Day Low

    Naira Depreciates as Interbank FX Turnover Moderates by 19%

    Add A Comment

    Comments are closed.

    Editors Picks

    XRP Tanks, Price Drops by 6% to $1.22 as Buyers Turn to Sellers

    November 5, 2026

    FCTA Eyes $1.5bn Green Inv. to Overhaul Transport, Energy Sectors

    November 5, 2026

    Developing Countries’ External Debt Hits Record $9.4trn in 2025 – World Bank

    November 5, 2026

    Nigeria Federal Court Voids Atiku Abubakar Presidential Candidacy

    November 5, 2026

    Dangote Cement Loses N2.514 Trillion, Returns to 7-Day Low

    November 5, 2026
    Latest Posts

    XRP Tanks, Price Drops by 6% to $1.22 as Buyers Turn to Sellers

    November 5, 2026

    FCTA Eyes $1.5bn Green Inv. to Overhaul Transport, Energy Sectors

    November 5, 2026

    Developing Countries’ External Debt Hits Record $9.4trn in 2025 – World Bank

    November 5, 2026

    Nigeria Federal Court Voids Atiku Abubakar Presidential Candidacy

    November 5, 2026

    Dangote Cement Loses N2.514 Trillion, Returns to 7-Day Low

    November 5, 2026

    Subscribe to News

    Get latest news from MarketForces Africa...

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.