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    MarketForces Africa » MarketNews » Nigeria Customs Generates N249b Within 5 Months in Rivers

    Nigeria Customs Generates N249b Within 5 Months in Rivers

    Marketforces AfricaBy Marketforces AfricaJune 21, 2024Updated:June 21, 2024 MarketNews No Comments2 Mins Read
    Nigeria Customs Generates N249b Within 5 Months in Rivers
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    Nigeria Customs Generates N249b Within 5 Months in Rivers

    The Nigeria Customs Service, Area 2 Command, Onne in Rivers, said it has generated more than N249 billion as at May, 2024 representing 40.3 per cent of its current annual revenue target.

    Comptroller of the command, Muhammed Babandede, made the disclosure while briefing newsmen at Onne. According to him, the 40.3 per cent revenue record followed a recent review of the command’s annual revenue target from N494 billion to N618 billion.

    The comptroller noted that when compared to the same period in 2023, the command had recorded an increase of more than N153 billion. He also said that six containers laden with codeine, contraband drugs and goods valued at more than N3 billion were also confiscated within the period under review.

    He said that the seizures included four containers laden with bales of clothing, lace and fabrics with a Duty Paid Value (DPV) of more than N911 million. Others, the controller said, were two containers laden with 2,625 cartons of codeine syrup among other contraband valued at more than N2 billion.

    Babandede commended the National Drug Law Enforcement Agency (NDLEA) for inter-agency collaboration while also assuring adequate handover of seizures.

    He also emphasised that the command would not relent on its core function of trade facilitation which entailed streamlined and simplified technical and legal procedures for clearing import or export goods.

    On the operations of bonded terminals, the comptroller explained that the final destination for clearing of consignment was at the importer’s discretion. These procedures are guide which all Customs officers must adhere to.

    “This negates the erroneous belief that officers of the Onne command connive with operators of Bonded Terminals to transfer containers,” he said. FMBN Inaugurates Task Teams for Loan Recovery Nationwide

    Banks CBN Central Bank of Nigeria FGN Investors Nigeria Nigerian Stock Exchange
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