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Home » Q1, 2012: PTML Customs Rakes in N16.5billion Revenue

Q1, 2012: PTML Customs Rakes in N16.5billion Revenue

by Joshua
June 10, 2012
in Uncategorized

The Ports and Terminal Multiservices Limited (PTML) command of the Nigeria Custom Service says it has generated the sum of N16,442,452,139.00 as the total revenue for the first quarter of the year2012 as against N10,469,643,767,00 it realized for same period last year, even as it declared that it has made the sum of 6,465,984,857,00 as revenue for the month of May 2012 alone.

The Ports and Terminal Multiservices Limited (PTML) command of the Nigeria Custom Service says it has generated the sum of N16,442,452,139.00 as the total revenue for the first quarter of the year2012 as against N10,469,643,767,00 it realized for same period last year, even as it declared that it has made the sum of 6,465,984,857,00 as revenue for the month of May 2012 alone.
The command also said that it has seized two 40-foot and one 20-foot containers of contraband and wrongly declared cargoes with combined Duty Paid Value (DPV) of N30Milion. Apart from these, two suspects were also reported to have been arrested in connection with the seizures.
Briefing newsmen at the command last Friday in Lagos, the PTML Custom Area Comptroller, Mr. Tunji Aremu said that even though the subsidy strike which was witnessed in January this year threatened the command’s N7.5billion revenue target, the officers quickly gathered themselves together to face the challenges arising from the setback.
Giving a breakdown of the revenue collected in the first quarter, 2012 Compt. Aremu said that the command realized N4.9billion in January as against N3.7billion realized in the corresponding month in 2011. February revenue stood at N5.6billion as against last year’s N2.6billion and in March the command realized N5.8Billion as against N4Billion it collected in March last year.
 Aremu also commended stakeholders operating in the command for their cooperation in ensuring that the command realizes its goals, even as he affirmed that the command was able to win the cooperation through several meetings that have been held with the stakeholders to chart the way forward.
He also commended the service provider, Global Scan, for the training of the PTML custom officers in batches and in all aspects of scanning, like image analysis, systems operations and maintenance.
In the export sector, Compt. Aremu said that the command has not fared badly as there has been an increase in the volume of commodities that were exported.
He however sounded a note of warning to smugglers, saying that, “that PTML will be a bad dream for anyone who wants to circumvent the law”.


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