Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs

Customs revenue rises with N136bn seizures

byCT Report
15/06/2017
in International Customs, World Business
Share on FacebookShare on Twitter

ABUJA: Two commands of the Nigeria Customs Service, NCS, on seizure rampage raked in about N136.6 billion revenue, with the large haul coming from the Apapa Command which intercepted among other items unprocessed wood export. The command raised over N136billion between January and May this year, while Federal Operations Unit, FOU, Zone “A”, the anti-smuggling arm of the NCS, raised N607.7 million. For Apapa command the revenue represents a massive increase of 38.8 percent over N98billion collected within the same period of 2016. Disclosing this in Lagos, the Customs Area Comptroller, Apapa, Mr. Mohammed Jubrin said the command’s enforcement unit effected a total of 24 seizures including containers of different items, such   as frozen fish, medicaments, pharmaceuticals which were either falsely declared or under-declared resulting to under payment of   customs duties. He stated: “We have also intercepted and detained some export containers of scrap metal, wet blue leather and unprocessed wood which fall under export prohibition. Investigations are ongoing and sanctions will be applied in line with extant laws.”

Besides, the revenue generated from import duties, over N1.8billion was also realized from identified infractions within the period under review. In a similar development the FOU, yesterday, said that it has impounded assorted cargo with Duty Paid Value, DPV, of N334 million that was smuggled into the country. The Customs Area Controller, CAC, of the Unit, Comptroller Mohammed Uba Garba, at a press briefing in Lagos, said that the intercepted goods includes 6,356 bags of 50 kilograms of rice, 2,495 cartons of poultry products, 13 vehicles and 384 parcels of 232kilograms of Indian Hemp, among other items.

You might also like

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

07/03/2026

Markets, oil drop in Asia but bitcoin edges towards $50,000

12/02/2021
Tags: Customs revenue rises with N136bn seizures

Related Stories

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

byCT Report
07/03/2026

KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...

Markets, oil drop in Asia but bitcoin edges towards $50,000

byCT Report
12/02/2021

HONG KONG: Markets fell in Asia on Friday in holiday-thinned trade with investors awaiting developments in US stimulus talks, while...

Asia markets slip as dealers take breath in holiday-thinned trade

byCT Report
11/02/2021

HONG KONG: Asian equities pulled back on Thursday after a strong run-up in recent weeks as investors took a breather...

Asian markets push higher as traders focus on recovery outlook

byCT Report
10/02/2021

HONG KONG: Most Asian markets advanced again Wednesday as investors ignored a stall in Wall Street’s rally, with eyes firmly...

Next Post

Russia pulp exports down, newsprint exports up in Jan-Apr 2017

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.