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    MarketForces Africa » MarketNews » NCS Tin-Can Island Command Generates N575.5bn in First Half 2024

    NCS Tin-Can Island Command Generates N575.5bn in First Half 2024

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJuly 13, 2024 MarketNews No Comments3 Mins Read
    NCS Tin-Can Island Command Generates N575.5bn in First Half 2024
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    NCS Tin-Can Island Command Generates N575.5bn in First Half 2024

    The Nigeria Customs Service (NCS), Tin Can Island Port Command (TCIPC), has generated N575.5 billion in revenue during the first half of the year.

    The Customs Area Controller, TCIPC, Comptroller Dera Nnadi, made this known at a news conference held on Thursday Lagos.

    According to Nnadi, this marks an increase of N315.24 billion, representing a 121.13 per cent rise from the N260.26 billion generated in the same period in 2023.

    “As at today, July 12, the command has generated N627 billion and we have been given a target of N1.403 trillion. This shows that significant efforts have been made in the command to meet the target,” Nnadi said.

     Nnadi noted that the command’s operations over the past six months significantly aligned with the statutory functions of the Service in revenue generation, trade facilitation, and enforcement/anti-smuggling activities.

    According to him, these efforts were in line with the theme of the 2024 International Customs Day, “Customs Engaging Traditional and New Partners with Purpose”. The command further enhanced the existing operational process to conform to the floating exchange rate regime using technology made available by the NICIS II Software,” he added.

    On enforcement, Nnadi highlighted that the command coordinated several 100 per cent physical examinations under his supervision, in collaboration with critical stakeholders, to ensure compliance with the international trade cycle.

    Items discovered as concealments and seized during the period under review include: one RZ17HD – 20P9964 – rifle, one RZ17HD – 20P9962 – rifle, one GAMO – T660739 – rifle, one pump action – MV0830249 – rifle, one RZ17TACTICAL – 30H21PT011992 – rifle, one RZ17HD – 20P9929 – rifle, one pump action – MV0830253 – rifle.

    “Others  are one pump action – MV0830839 – rifle, one RZ17HD – 20P10115 – rifle, one pump action – V1690019 – rifle, one pump action – 52-H21PT – 3803 – rifle, one  RZ17HD – 20P9951 – rifle, one SAR9 SARSILMARZ T1102-21BV63826 – pistol, one RUGER AMERICAN PISTOL 9MM.

    “Others listed: one SAR9 SARSILMARZ T1102-21BU51078 – pistol, one TAURUS G3C – BAIN BRIDGE, GA ADA 799424 – pistol, one TAURUS G3C – BAIN BRIDGE, GA ADC 122309 – pistol, one TAURUS G3C – BAIN BRIDGE, GA ADB 941276 – pistol.

    “Also intercepted are one used Toyota Corolla Chassis Number: 5YFBURH1EP09601: 2014 model, Sterling High Quality shot gun cartridges green (12 cal 32 grams – 10packs of 25 pieces each), Sterling High Quality shot gun cartridges green (12 cal 30 grams – 20packs of 25 pieces each and 23 extra pieces).

     “Included in the list are Seller & Bellot  Buck Shot – 55 pieces, Crossman Co2 12 gram cartridges – 123 pieces, 1USP CO2 Air Gun Pistol with Accessories Cal. 117 (4.5mm) BB, units of Mace Pepper Gun, handed to Department of State Services (DSS) for further agency function,” he said.

    He said that during the period under review three plastic drums were intercepted concealed with several packets of Cannabis Indica, 46 bags containing 2,144 packets of cannabis indica all weighing 1,072kg seized from 1x40ft Container No. GAOU 669921/5 imported from Canada.

    Nnadi said that the approximate street value of the illicit substances was N3.216 billion.

    He said that a total of 877 cartons of Barcadin cough syrup with codeine – 200 bottles of 100ml per carton and 82 cartons of Really Extra Diclofenac Sodium 50mg tablets – 600 packs per carton imported from India was seized.

    Nnadi said that the approximate street value of the cough syrup was N964.33 million. TCIP Customs Command Facilitates N1.03trn Exports in 6 Months

    Banks CBN Central Bank of Nigeria FGN Investors Naira Nigeria Nigerian Stock Exchange
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    Ogochukwu Ndubuisi
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    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.

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