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 generates over N49 mln on e-auction in four weeks

byCT Report
29/07/2017
in International Customs, World Business
Share on FacebookShare on Twitter

ABUJA: The Nigeria Customs Service (NCS) said it generated N49 million on e-auction platform and recorded 254 winners in four weeks across the country.

The Service Public Relations Officer, Joseph Attah, announced this in a statement on Friday in Abuja. Mr. Attah said 6,560 persons were able to recharge their e-wallet of N1000 administrative fee and participated in the bidding process. Mr. Attah explained that with 19 commercial banks hooked to the platform,interested bidders now have the option of choosing banks nearest to them for ease of transactions. “Four weeks after the official launch of the NCS e-auction platform, https: app.trade.gov.ng/eauction by the Comptroller-General of Customs, retired Col. Hameed Ali, a total number of 254 winners have emerged across the country with over N49 million already generated. “NCS has already taken steps to deal with the challenges posed by fraudulent bidders who log in to frustrate other genuine bidders by placing bogus and unrealistic figures. “In some cases, they send SMS to supposed winners congratulating them. Apart from de-activating the Tax Identification Numbers (TIN) of these elements,the option for second highest bidder to win when the highest winner fails to pay has been jettisoned. “In such situation, the item reverts to the system for fresh bidding. Winners are informed only through e-mails from the system not by SMS,” Mr. Attah said.

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

According to him, the System is being re-programmed to automatically reject such criminal antics. Mr. Attah advised fraudulent bidders to keep off the platform and allow interested Nigerians to reap the benefits of the transparent system that presented equal opportunity to all. He said that NCS’ resolve to ensure the success of the e-auction, was motivated by the inherent benefits of the platform. Mr. Attah said the platform was secured, and that it provides opportunity to generate more revenue for government an gave equal opportunities to all interested persons. He added that the platform was transparent, accountable and free from vices associated with manual process of the past. “For the avoidance of doubt, NCS wishes to assure the general public that the e-auction platform will continue to go live for 48 hours between Monday, 12 noon to Wednesday, 12 noon every week,” he added.

Tags: Customs generates over N49 mln on e-auction in four weeks

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

Australian GDP outlook deteriorates as inflation softens amid loose policy

  • 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.