shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Senate’s Probe Opens Can Of Worms in Customs Revenue

Senate’s Probe Opens Can Of Worms in Customs Revenue

by Joshua
April 26, 2009
in Uncategorized

The much-publicised  probe of the Nigeria Customs Service by the Senate has commenced in Abuja where the committee on public accounts specifically queried the accounts presented to it by the Comptroller General, Customs Dr Bernard Shaw Nwadialo on the collection of the port development levy and the Comprehensive Import Supervision Scheme (CISS). 
Although, the Nigeria Customs Service was queried alongside the Central Bank of Nigeria and the Ministry of Finance over the CISS collections, Customs single-handedly shouldered responsibilities for questions that arose form the port development levy.  
Skip to next paragraph The CISS; one per cent of value of imports is payable by importers as component of duty payable. It is paid to the destination inspection agencies for their services. On the other hand, the port development levy of seven per cent is also payable by importers on all their consignments. Both levies are collected by the Customs
The Senators started being suspicious when discrepancies appeared in the figures tendered by the Customs and the Finance ministry as revenue from the CISS. The ministry of finance had told the Senators that N114.5bn had accrued to CISS fund between 2003 and 2008 and was paid into the pool account domiciled at the CBN.
Since the return to destination inspection scheme, the agents namely:  Global Scan has received N6.45bn; SGS, N5.081bn; Contecna, N24.93bn; and Wolfenton, N21.373 bn.
But the apex bank had put the balance of the CISS account in its custody at N21.6bn as at April 2009.
But the Customs boss had a difficult time convincing the Senator  Ahmad Lawan-led committee about the where about of N10Billion out of the N86 billion which the Service  collected as port development  levy between 2003 and 2008.
Admitting that  the  Nigeria Customs Service collected N13 billion in 2003; N14.7 billion in 2004; N14.9 in 2005; N13 billion in 2006; N14.7 billion in 2007 and N18.4 billion in 2008, the Customs boss however confirmed that the missing N10 billion was with the commercial banks, even as he exonerated the customs from the custody of the money.
“The money is not with the Customs but with the commercial banks which are doing business with the monies. The sad thing is that the Central Bank that is supposed to penalise the erring banks has refused to take any action till date”, he disclosed to the chagrin of the Senators.
“Certainly, this money is not with Customs because we do not collect the money, but we believe that it can be traced between the collecting banks and the various branches of the CBN,” he said, even as he admitted that some of the funds might have gone with those collecting banks that were distressed and had not been acquired.
Last week’s grilling comes ahead of a similar exercise which the House of Representatives is contemplating and for which it has already invited some former Comptrollers General of Customs.


Related Posts

CVFF Portal Unveiling

CVFF Portal: Game-changer For Indigenous Ship Owners’ Financing – Oyetola

January 23, 2026

Customs Hands Over N2.3bn Cash to EFCC At Lagos Airport

December 17, 2025
Vessels Expected At Lagos Ports As At 2nd December, 2025

Vessels Expected At Lagos Ports As At 2nd December, 2025

December 2, 2025
Customs Intercepts Over $480,000, Other Foreign Currencies in Q3 2025

Customs Intercepts Over $480,000, Other Foreign Currencies in Q3 2025

November 10, 2025

Discussion about this post

Latest News

MONDAY INTERVIEW: “Accountability is not an act of hostility; it is a responsibility of citizenship”---Bola Oyebamiji

Oyebamiji Set to Receive ‘Most Media Friendly Maritime CEO’ Award in Abuja

February 9, 2026

FG Says National Single Window To Cut 21-Day Cargo Clearance Time To 24 Hours

Over 200 Jobs on the Line as Ètò Call-Up Concession Expires, Uncertainty Deepens  

Freight Forwarders Skeptical Over CRFFN’s Plan to Standardise Service Charges

Amidst Global Seafarers Abandonment Crises, Nigerian Seafarers Cry Out Over Unemployment   

FAAN, Freight Forwarders at Loggerheads Over 2010 Cargo Village Land Agreement

FG Reopens Tsamiya Corridor to Boost Legitimate Trade, Strengthen Border Governance

Former ANLCA Acting President Raises Alarm Over Maritime Industry Dysfunction

FG Commends NIMASA Boss On Nigeria’s IMO Council Election

PEBEC, NPA Conclude Stakeholder Engagement On 7-Day Cargo Dwell Time

Merchant Navy Task NIMASA to Fast-Track NJIC, Enforce CBAs for Seafarers

Appraising The Electronic Call Up System

kindly like our Facebook page

Health

58% Women Of Reproductive Age Are Anaemic- FG
Health

58% Women Of Reproductive Age Are Anaemic- FG

February 2, 2026

The Federal Government says Nigeria is battling a largely preventable nutrition crisis, with 58 per cent of women of reproductive...

Harmattan And The Effect Of Dust On The Lungs

Harmattan And The Effect Of Dust On The Lungs

February 2, 2026

Take A Lot Of Fluid To Assist Your Kidneys Function Well–Experts

January 26, 2026
Take A Lot Of Fluid To Assist Your Kidneys Function Well–Experts

NAFDAC Begins Enforcement Of Ban On Sachet Alcohol

January 26, 2026
Customs Seize Vehicles, PMS, Donkey Products Worth N229m In Bauchi

Customs Seize Vehicles, PMS, Donkey Products Worth N229m In Bauchi

January 24, 2026

Cervical Cancer:  Preventable, Curable — UN

January 19, 2026
Energy drinks

Cardiologist Warns Against Excessive Consumption Of Energy Drinks

January 19, 2026
More Reasons You Must Exercise

More Reasons You Must Exercise

December 15, 2025
Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

December 15, 2025
Nigeria At Risk As Youth HIV Awareness Declines, Expert Warns

Nigeria At Risk As Youth HIV Awareness Declines, Expert Warns

December 8, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Editorial Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition