Maritime Nigeria

Main Menu

  • Home
  • News
  • Interviews
  • Maritime Info
  • Photo Gallery
  • Fact
  • Profiles

logo

Header Banner

Maritime Nigeria

  • Home
  • News
    • FG Commits To Enhance NSC Regulatory Capacity

      May 28, 2025
      0
    • NPA, Dangote Agree On Port Expansion, Export Promotion

      May 27, 2025
      0
    • "Tinubu Reforms Driving Surge In Customs Revenue"-CGC

      May 25, 2025
      0
    • Sea Port Efficiency: FG To Deepen Lekki Port Channel

      May 25, 2025
      0
    • Maritime Bank Takes Off, Gets President/CEO

      May 23, 2025
      0
    • Customs Intercept N3.2Billion Illicit Drugs, Smuggled Items

      May 22, 2025
      0
    • Oyetola Engage French Ambassador On IMO Seat

      May 22, 2025
      0
    • CGC Revitalizes Seme Command, Regional Trade With SIGMAT

      May 21, 2025
      0
    • Full Implementation Of Marine And Blue Economy Policy On Course

      May 14, 2025
      0
  • Interviews
    • Nigeria Takes Leadership Of MOWCA

      Nov 18, 2021
      0
    • APM Participates in UK Trade Expo

      Oct 31, 2021
      0
    • Reps Seek Admission at MAN

      Dec 7, 2020
      0
    • NIMASA URGE SHIP OWNERS TO RENEW CABOTAGE LICENSES

      Oct 5, 2020
      0
    • FG Sacks Aboloma As NAIC Gets New EDs

      Aug 28, 2020
      0
    • Britain Celebrate Nigerian In Covid Efforts

      Jul 26, 2020
      0
    • Zuckerberg Backs Trump Against Twitter

      May 28, 2020
      0
    • NAFDAC DG Sheds Light On Chloroquine, Herbals, Masks and Covid19

      May 12, 2020
      0
    • Reps Threaten MDAs

      Feb 24, 2020
      0
  • Maritime Info
    • 2023 POP: Minister Task Cadets On Blue Economy

      Dec 15, 2023
      0
    • Rector, Trainees Excited, Laud FG On Modern Academy

      Jan 26, 2023
      0
    • Buhari Redeploys Minister As NPA, NIMASA, MAN, Others Get New Boards

      Apr 7, 2022
      0
    • World Bank Endorse Nigerian Ports, Partners Navy On Capacity Building

      Mar 19, 2022
      0
    • NIMASA Commend Nigerian Navy, Reassures On Floating Dock

      Feb 9, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • shipping

      Singapore Strait Dangerous To Shipping-ReCAAP

      Jan 24, 2022
      0
    • Lekki Deep Sea Port Will Increase Port Efficiency-Amaechi

      Jan 24, 2022
      0
    • Fair Competition: NSC Partners FCCPC For Effectiveness

      Jan 21, 2022
      0
  • Photo Gallery
    • SERAP Calls for Probe of Entire Privatization Processes 1999-2011

      Dec 4, 2017
      0
    • IMO Election: South Africa, Kenya, Liberia, Morroco and Egypt Make Category C

      Dec 2, 2017
      0
    • Maersk Ship on Fire as Coy Launches Six Container Lifting Tech

      Nov 2, 2016
      0
    • Captured Seafarers Languish In Captivity without Ransom

      Nov 1, 2016
      0
    • Niger Delta: Militants Ask FG to Include Former Agitators in Negotiations

      Nov 1, 2016
      0
    • Self-Audit: NIMASA Set to Review 3% Freight Charge

      Nov 1, 2016
      0
    • Recession: Japanese Shipping Companies to Merge

      Oct 31, 2016
      0
    • NSC Partners ICS on Capacity Building

      Oct 31, 2016
      0
    • AGAIN, APAPA CUSTOMS SURPASS MONTHLY TARGET WITH N33B COLLECTION

      Oct 5, 2016
      0
  • Fact
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • “VIN Is A Trade Tool, Not Punitive”-Customs

      Mar 2, 2022
      0
    • Blackmailers, False Publishers and Their Agents: Court Clears Rector

      Feb 18, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • "APM Terminals Is Beyond Moving Boxes Around"-Laursen

      Jan 24, 2022
      0
    • MWUN: Welfare, Safety Our Priority-Adeyanju

      Dec 27, 2021
      0
    • Reversing the Trend: Koko Breaks Record at NPA

      Dec 24, 2021
      0
    • Minister Demands More From MAN At Passing Out Parade

      Dec 20, 2021
      0
    • MARITIME NIGERIA TASK NIMASA ON MARITIME DEVELOPMENT

      Dec 15, 2021
      0
  • Profiles
    • CMA CGM Brings AI Onboard

      Jun 5, 2018
      0
    • Customs Notify 577 Officers of Retirement by Eguono Odjegba

      Jan 12, 2018
      0
    • Over 100 Persons Feared Dead in Mediterranean Ship Wreck

      Nov 3, 2016
      0
    • Ballast Water: Panama Signs Up

      Oct 24, 2016
      0
    • Ist Half Report: Customs generate N385.7bn revenue

      Aug 15, 2016
      0
    • Minister/MD Speeches at the Launch of NPA's CCCIS

      Jul 23, 2016
      0
    • Face off Imminent as Dakuku Warn IOCs to Sit Up or Stay ...

      Jul 22, 2016
      0
    • Hadiza, Welcome to NPA

      Jul 16, 2016
      0
    • Habib Abdullahi Sacked Again from NPA

      Jul 12, 2016
      0
  • FG Commits To Enhance NSC Regulatory Capacity

  • NPA, Dangote Agree On Port Expansion, Export Promotion

  • “Tinubu Reforms Driving Surge In Customs Revenue”-CGC

  • Sea Port Efficiency: FG To Deepen Lekki Port Channel

  • Maritime Bank Takes Off, Gets President/CEO

News
Home›News›Senate Probes 30 Trillion Revenue Leakages in Customs

Senate Probes 30 Trillion Revenue Leakages in Customs

By Editor
May 5, 2017
1268
0
Share:

customs

The Senate has expanded its panel currently investigating alleged N30tn revenue leakage in the Nigeria Customs Service following the revelations of more irregularities.

This followed a “Point of Order’’ raised by the Chairman, Committee on Customs Excise and Tariff, Sen. Hope Uzodinma, at plenary.

The chamber also mandated the Committee on Marine Transport to collaborate with the committee on Customs, in the probe in view of more revelations emanating from the exercise.

Uzodinma, who was made the chairman of the joint committee, cited Order 42 and Order 52, and said that the committee discovered more startling discoveries beyond the N30tn currently being investigated.

According to him, the committee requires more hands in the investigation as it discovered that beyond foreign exchange fraud, more trillions of Naira was lost to shady deals by some Asian companies.

“The recent one which is mind-blowing is that shipping companies will load full cargoes worth billions of Naira, come into the country and go to bonded terminals, offload and Nigeria Government will not collect one kobo.

“All they do is informal negotiation with the terminal operators, the regulators and then they will offload. This is an international crime.

“We have identified over 228 vessels with their registration numbers, the terminals where they offloaded and we are going through Customs database tracking every shipment and vessel that came and offloaded.

“There is another fraud we discovered, which is, all the Asian companies moving all their goods to Cotonou in Benin Republic and these goods are meant for Nigerian market.

“From our investigation, the companies change their documents by mid night as if the shipment is either done from Cote d’Ivoire or Cotonou and they move into Nigeria,’’ he said.

While lamenting the level of decay in the system, Uzodinma added that the fraudulent activities were carried out through various infractions, including incorrect classification, undervaluation, under-declaration and incorrect origin.

He stressed that the money being lost through the infractions was more than what the country was getting from crude oil, lamenting that nothing serious was being done about it.

 

 

The lawmaker, who said the investigation panel would explore all available data on the matter, added that it would bring it to a logical conclusion to save the country from losing money that should have been used for development.

“On Tuesday, Nov. 15, 2016, we debated the motion on the need to examine the operations of the Nigeria Customs Service revenue drive.

“We resolved to mandate the committee on customs to carry out a holistic investigation into the activities of the service.

“This was with a view to identifying the leakages and irregularities in the import and export circle as well as causes of the reducing revenue profile of the service and come up with recommendations.

“We have gone into this assignment and honestly speaking, we have identified between 2006 and 2017, over N30tn worth of foreign exchange in form of approved Form M and there is no evidence that the goods came into the country.

“The commercial banks apply for this foreign exchange and the Central Bank of Nigeria allocates it to them and these monies are transferred to foreign banks and there is no evidence to show that the goods came into the country.

“So they have been round-tripping with the limited foreign exchange we have in Nigeria,’’ he said.

In his remarks, the Deputy President of the Senate, Ike Ekweremadu, who presided at the plenary, said the senate ought to be commended for blowing whistle on the fraud in the Customs Service.

He expressed concern that while Nigeria was seeking loans from foreign organizations, it was losing trillions of Naira that would have been used for developmental purposes.

“The Committee on Marine Transport will join the committee on customs to have a holistic investigation into this matter.

“I think this is one area the law enforcement agencies must move in quickly to ensure that these monies are recovered.

“We cannot be going to China and all over the world trying to borrow money when we can recover easily all the monies that were lost through some corrupt practices.

“This is one area the senate must be praised for blowing a whistle. This is the real whistle,’’ Ekweremadu said.

He commended the committee for a job well-done and urged it to expedite action on the investigation, adding that recovering such money would enable the country to implement the 2017 budget effectively.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Previous Article

Maritime Piracy on the Rise -IMB

Next Article

Fashola Calls for Improved Power Supply

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • News

    PSTT:  NSC Reviews Operations, Lament Attacks by State and Non-State Actors

    Aug 9, 2022
    By Editor
  • FeaturedNews

    Efficient Service Delivery: NPA Seek Improved PMS

    Jun 21, 2022
    By Editor
  • FeaturedNews

    Americans Reject Covid19 Vaccines

    May 21, 2020
    By Editor
  • FactFeaturedInterviewsMaritime InfoNewsPhoto Gallery

    Lagos Free Trade Zone: Customs Targets Maximum Revenue

    Aug 25, 2016
    By Editor
  • News

    NPA Set for Kaduna Trade Fair

    Jan 17, 2018
    By Editor
  • Customs OperationsNews

    CGC’s Q1 Report: Our Takeaways And Expectations

    Apr 4, 2024
    By Editor

Leave a Reply Cancel reply

  • Customs Operations

    Trade Facilitation Agreement: Ag. CGC Charge NTFC to Be Strategic

  • News

    Walking the Talk With Jamoh

  • News

    PMB Establish Food Security Council

Looking For Something?

Read From

  • Agriculture
  • Customs Operations
  • Fact
  • Featured
  • Interviews
  • Maritime Info
  • News
  • One Question
  • Photo Gallery
  • Profiles
  • sports

Just In

News

FG Commits To Enhance NSC Regulatory Capacity

Secretary to the Government of the Federation (SGF), Senator George Akume, has pledged the support of the Federal government to address and ensure that modern, the Nigerian Shippers’ Council, NSC, ...
  • NPA, Dangote Agree On Port Expansion, Export Promotion

    By Editor
    May 27, 2025
  • AfCFTA: Nigeria Launches Air Cargo Route To Boost Exports

    By Editor
    May 26, 2025
  • Canada Commends Nigeria On Anti Smuggling Efforts

    By Editor
    May 25, 2025
  • “Tinubu Reforms Driving Surge In Customs Revenue”-CGC

    By Editor
    May 25, 2025
  • Home
  • About Us
  • Contact Us
© 2013 Maritime Nigeria | All Rights Reserved