Business

Apapa Customs Command generates N86bn revenue in October

The Apapa Area Command of the Nigerian Customs Service (NCS) said it collected a total of N86.02 billion as revenue for the month of October, despite initial glitches that slowed its operations

The Customs Area Controller (CAC), Comptroller Malanta Yusuf, gave the figure in a statement signed by Abubakar Usman, Public Relations Officer of the Command, on Friday in Lagos.

According to Yusuf, the tempo of increased revenue collection is being sustained through the volume of trade, strategies raising stakeholders’ compliance level, and inter-agency collaboration between the Command and other government agencies.

“A breakdown of the total collection shows federation and non-federation figures.

“Figures under the federation account are as follows: Import duty at ₦38,436,536,897.00; Excise duty at ₦199,038,533.00; CET Levy at ₦5,625,077,502.00; and Fees at ₦401,830,622.00, with a sub total of N44, 662,483,554. 00.

“Figures for the Non-federation Account are as follows: Port Levy at ₦2,690,572,938.00; NAC at ₦165,872,139.00; 1 per cent CISS at ₦4,612,963,465.00; 0.5% ETLS at ₦2,688,286,656.00; Sugar Levy at ₦598,518,814.00; Wheat Flour Levy at ₦488,959.00.

“Others are; Iron Levy at ₦47,220,994.00; Wheat Grain Levy at ₦7,892,567,890.00; Ness Levy at ₦102,989,524.77, with a sub-total of ₦18,799,481,379.77.

“For Value Added Tax, the command collected ₦22,560,783,616.00 leading to a grand total of ₦86,022,748,549.77,” he said.

The comptroller commended port users and stakeholders for their increasing level of compliance, urging them to continually avoid unlawful activities such as concealment with intent to smuggle; false declaration and under valuation to evade accurate duty payments.

According to him, any importation that runs contrary to the provisions of Sections 46 and 47 of Customs and Excise Management Act CAP C45 LFN 2004 and Customs and Excise Notices No.1491, will not be allowed into the country.

Yusuf noted that the command would not compromise wherever and whenever the need arises to make arrests and seizures for infractions deserving of such actions.

He directed the command’s Compliance Team to maintain their zero tolerance for infractions, as a way of protecting the national economy.

The CAC described the inter-agency collaboration between the Apapa Customs Command and other government agencies as an operational masterstroke, yielding great results.

Yusuf lauded the sustained intelligence sharing between the command and sister agencies like the National Drug Law Enforcement Agency (NDLEA), Department of State Service (DSS), Nigeria Police, Nigerian Navy, Nigerian Army and others.

Editor

Recent Posts

Zenith Bank, Int’l Breweries, NNPC, Others Shine at 2024 SERAS Awards

It was a night of glitz, glamour and celebration at the 18th edition of the…

10 hours ago

Tinubu felicitates Christians on Christmas, says Nigeria on path of restoration

President Bola Tinubu has felicitated Christians on Christmas celebration in the country, saying the nation…

10 hours ago

Uba Sani inaugurates 12 road projects on Xmas Eve

Governor Uba Sani has inaugurated 12 asphaltic roads  within Kaduna metropolis on Tuesday, 10 months…

11 hours ago

Court sends oil magnate to prison for diverting $26m refinery fund

A Federal High Court sitting in Abuja has remanded the Founder and Chairman of Platform…

12 hours ago

Minister’s aide to MURIC: Wike not running FCTA based on religion

Lere Olayinka, Senior Special Assistant on Public Communications and New Media to the Federal Capital…

12 hours ago

NIWA warns Nigerians: Avoid rickety boats,  drunk operators

...Oyebamiji advocates Passage Of Coast Guards Bill The National Inland Waterways Authority (NIWA) has again…

14 hours ago

This website uses cookies.