RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Commodities

Nigeria Customs Service Records N83m Revenue, Seized Contraband Worth N854m in January

Akpan Edidong by Akpan Edidong
February 8, 2024
in Commodities, Economy
Reading Time: 1 min read
A A
0
Customs revenue declines 7.1% as import volume drops.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone A, Ikeja, has announced a significant revenue generation of over N83 million in January 2024 through stringent documentary checks and issuance of demand notices on consignments.

Speaking to journalists in Lagos, Comptroller Hussein Ejibunu highlighted the unit’s renewed efforts against smuggling, which included enhanced intelligence gathering and information sharing mechanisms. These efforts led to the identification of new smuggling hotspots and schemes employed by smugglers.

AlsoRead

Nigeria’s Foreign Reserves Rise by $551 Million in Three Weeks

Is the World Underestimating Nigeria?

Dangote Refinery Reduces Aviation Fuel Price to N1,650 per Litre

The strategy resulted in 60 seizures with a total duty paid value of N854.15 million during the month. Among the major seizures were 3,653 bags of foreign parboiled rice, 23,025 litres of Premium Motor Spirit (PMS), 241 bales of used clothes, 1,490 kg of Indian Hemp, 1,220 cartons of foreign tomato paste, 983 pieces of used tyres, 104 units of Haojuo motorcycles, 556 cartons of slippers, and 11 units of used vehicles.

These goods were found to have contravened various sections of the Customs Act (2023), with some being expired at the time of importation and others flouting import statutory guidelines. Ten suspects were arrested in connection with some of the seized goods.

Ejibunu commended the officers and men of the Federal Operations Unit Zone A for their hard work and dedication to duty. He also acknowledged the support and cooperation of other security agencies in achieving the unit’s successes in 2023.

While expressing appreciation for the compliance of importers, exporters, and agents with the Service’s procedures and regulations, Ejibunu urged them to continue upholding these standards.

He emphasized that smuggling encompasses various criminal activities, including false declaration and concealment of goods, use of unapproved routes and ports, forging of Customs documents, underpayment of Customs duties, and trafficking in prohibited or restricted goods.

Tags: Federal Operations UnitNigeria Customs Service
Previous Post

CBN’s Hawkish Leap: CBN Signals Aggressive Shift in Monetary Policy with Striking Treasury Bill

Next Post

Consumers Pay More, as Kerosene Price Hits N1,362 Per Litre

Related News

Naira depreciates to N755/$ in the parallel market.

Nigeria’s Foreign Reserves Rise by $551 Million in Three Weeks

by Jide Omodele
May 25, 2026
0

Nigeria’s external reserves have recorded a notable recovery in May 2026, climbing by approximately $551 million within the first three...

Exploring the data on multidimensional and monetary poverty in Nigeria.

Is the World Underestimating Nigeria?

by Stephen Akudike
May 21, 2026
0

For years, conversations about the future of global power have sounded familiar. China. The United States. India. Perhaps the European...

Airlines Implement Time-Saving Strategies for More Efficient Operations

Dangote Refinery Reduces Aviation Fuel Price to N1,650 per Litre

by Akpan Edidong
May 21, 2026
0

Dangote Petroleum Refinery & Petrochemicals has announced a significant reduction in the price of Jet A1 (aviation fuel), slashing it...

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Denies Heavy Intervention in FX Market, Highlights Minimal Participation

by Jide Omodele
May 21, 2026
0

The Central Bank of Nigeria (CBN) has refuted allegations of aggressive intervention in the foreign exchange market, insisting that its...

Next Post
Consumers Pay More, as Kerosene Price Hits N1,362 Per Litre

Consumers Pay More, as Kerosene Price Hits N1,362 Per Litre

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Airlines Implement Time-Saving Strategies for More Efficient Operations

FAAN Engages International Airlines on Improved Airport Operations and Passenger Experience

May 25, 2026
FMDQ Exchange Records N21.70 Trillion Secondary Market Turnover in October

FMDQ Turnover Hits $180.85 Billion as Trading Volume Surge

May 25, 2026

Popular Story

  • New AI Undressing Tool Raises Concerns About Privacy and Regulation.

    New AI Undressing Tool Raises Concerns About Privacy and Regulation.

    0 shares
    Share 0 Tweet 0
  • Top-Performing Nigerian Equity Funds in January 2025

    0 shares
    Share 0 Tweet 0
  • Nigeria consumer inflation falls slightly to 11.25 pct in March – stats office

    0 shares
    Share 0 Tweet 0
  • Nigeria May Enter Another Death Trap – Pat Utomi

    0 shares
    Share 0 Tweet 0
  • IMF cautions as eNaira transactions hit N1.4m

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>