Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Trump Ends Deal with Iran, Cuts Off Trade with Spain

    July 8, 2026

    Deutsche Börse Group Clearstream Expands Crypto Custody with XRP, SOL, Others

    July 8, 2026

    Oil Prices Edge Higher on Fresh US, Iran Tensions

    July 8, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Trump Ends Deal with Iran, Cuts Off Trade with Spain
    • Deutsche Börse Group Clearstream Expands Crypto Custody with XRP, SOL, Others
    • Oil Prices Edge Higher on Fresh US, Iran Tensions
    • NIDF: Strong Capital Growth and Consistent Income Continue to Strengthen the Investment Case
    • Beta Glass: Emerald HoldCo’s Mandatory Takeover Offer Signals Regulatory Compliance, Not a Full Buyout
    • XRP Declines as Alphractal’s CEO Warns of Liquidation Risk
    • PenCom Extends PenCare Access to Retirees Earning N150,000
    • Emefiele: I was Given Oral Waiver to Transact in Disputed Accounts – Witness
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, July 8
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Nigeria Customs Records 3,555 Seizures in 202, Says C-G

    Nigeria Customs Records 3,555 Seizures in 202, Says C-G

    Olu AnisereBy Olu AnisereJanuary 15, 2025Updated:January 15, 2025 News No Comments3 Mins Read
    Nigeria Customs Records 3,555 Seizures in 202, Says C-G
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Nigeria Customs Records 3,555 Seizures in 202, Says C-G

    The Nigeria Customs Service (NCS) says it recorded 3,555 seizures in 2024 with a 100.92 per cent increase in the Duty Paid Value (DPV) of seizures from ₦17.56 billion in 2023, to ₦35.29 billion in 2024.

    The Comptroller-General (C-G) of NCS, Adewale Adeniyi, disclosed this while briefing newsmen on Tuesday in Abuja.

    Adeniyi said that the seizures, with a Cost, Insurance, and Freight (CIF) value of ₦28.46 billion and a total duty of ₦6.83 billion, illustrated the scale of attempted economic sabotage prevented by the service.

    “Particularly noteworthy, were the seizures of arms and ammunition, including 900 arms and 113,472 rounds of ammunition and the interception of narcotics and other illicit drugs.

    “Resulting in 105 seizures across various forms that was aided by the declaration of a state of emergency at our major entry points.

    “The service also intercepted unauthorized pharmaceutical products, with 40 seizures including 175,676 pieces and 6,271 cartons of various medicaments valued at ₦3.04 billion, protecting public health from potentially dangerous counterfeit drugs.

    “The service’s enforcement activities also revealed evolving patterns in environmental and wildlife crimes, with 76 seizures of animal/wildlife products valued at ₦5.93 billion.

    “We also maintained vigilance over trade-sensitive goods, as evidenced by the seizure of 183,527 bags of rice,“ he said.

    He said the seizures were made of other restricted items including 3,785 bales of textiles valued at ₦945.9 million, and various quantities of footwear, beverages, and other consumer goods.

    The CG said that the seizures were aimed at protecting local industries and supporting the government’s economic diversification agenda.

    According to the Adeniyi, the service also recorded 397 seizures of vehicles valued at ₦5.64 billion, and is determined to continue enforcing import regulations and protecting government revenue.

    He said that the sophistication of smuggling networks necessitated an upgrade in enforcement strategies, including the launch of Operation Whirlwind with support from the Office of the National Security Adviser

    He said the operation was also supported by the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), under the Nigeria Petroleum Corporation Limited (NNPC Ltd).

    “This operation resulted in the seizure of significant quantities of petroleum products totaling 1,716,656 litres from saboteurs diverting petroleum products intended for home use to neighbouring countries.

    “Most significantly, our enforcement activities have yielded 55 arrests of suspects currently under investigations as we continue to dismantle the criminal networks behind these activities,“ he said.

    According to Adeniyi, in strengthening its enforcement capabilities, the service is expanding its technological infrastructure through the integration of geo-spatial technology and other cutting-edge solutions.

    He said that these technological advancements, coupled with capacity building and enhanced intelligence gathering mechanisms, would significantly boost NCS`s surveillance and enforcement operations.

    “The integration of these modern tools with our existing frameworks is a strategic investment in the future of customs enforcement, to ensure that we stay ahead of emerging threats as we continue to facilitate legitimate trade, “ he said. NDDC, Afreximbank Collaborate on Niger Delta Development

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Olu Anisere
    • Website
    • LinkedIn

    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

    Keep Reading

    Trump Ends Deal with Iran, Cuts Off Trade with Spain

    Oil Prices Edge Higher on Fresh US, Iran Tensions

    NIDF: Strong Capital Growth and Consistent Income Continue to Strengthen the Investment Case

    Beta Glass: Emerald HoldCo’s Mandatory Takeover Offer Signals Regulatory Compliance, Not a Full Buyout

    XRP Declines as Alphractal’s CEO Warns of Liquidation Risk

    PenCom Extends PenCare Access to Retirees Earning N150,000

    Add A Comment

    Comments are closed.

    Editors Picks

    Trump Ends Deal with Iran, Cuts Off Trade with Spain

    July 8, 2026

    Deutsche Börse Group Clearstream Expands Crypto Custody with XRP, SOL, Others

    July 8, 2026

    Oil Prices Edge Higher on Fresh US, Iran Tensions

    July 8, 2026

    NIDF: Strong Capital Growth and Consistent Income Continue to Strengthen the Investment Case

    July 8, 2026

    Beta Glass: Emerald HoldCo’s Mandatory Takeover Offer Signals Regulatory Compliance, Not a Full Buyout

    July 8, 2026
    Latest Posts

    Trump Ends Deal with Iran, Cuts Off Trade with Spain

    July 8, 2026

    Oil Prices Edge Higher on Fresh US, Iran Tensions

    July 8, 2026

    NIDF: Strong Capital Growth and Consistent Income Continue to Strengthen the Investment Case

    July 8, 2026

    Beta Glass: Emerald HoldCo’s Mandatory Takeover Offer Signals Regulatory Compliance, Not a Full Buyout

    July 8, 2026

    XRP Declines as Alphractal’s CEO Warns of Liquidation Risk

    July 8, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    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.