The Nigeria Customs Service (NCS) has generated N1.293 trillion in the first six months of 2022 into the Federation Account.<\/p>\n
The NCS Public Relations Officer, Deputy Comptroller Timi Bomodi said this at a news conference in Abuja.<\/p>\n
He said the amount was an increase compared to N1.004 trillion generated for the corresponding period in 2021.<\/p>\n
According to him, the amount generated in 2022 surpassed the service\u2019s achievements for 2021 by N48 billion accounting for 28.8 per cent.<\/p>\n
He said the revenue generation was remarkable, given the fact that only 116,691 Pre-Arrival Assessment Reports (PAARs) were issued against 129, 667 processed within same period of 2021.<\/p>\n
\u201cThe revenue target given to the Nigeria Customs Service for the year 2022 is N3.019 trillion, exceeding the target for 2021 by 80.78 per cent,\u201d he said.<\/p>\n
Bomodi said that the sum of N156 billion was also generated into the non-federation account as collections on behalf of other government agencies.<\/p>\n
While giving a breakdown of the amount generated within the period under review, the PRO said it was generated from excise, free trade zones and industrial incentives, and anti-smuggling among others.<\/p>\n
On excise, free trade zones and industrial incentives, Bomodi said excise duty was tax levied on the manufacture, sale and consumption of goods under excise control.<\/p>\n
He said it was collected through 22 commands of the Service.<\/p>\n
The PRO said that a total of N68 billion was collected from manufacturers of alcoholic beverages as well as cigarettes and tobacco among other products<\/p>\n
\u201cIn the month of June, the service began collections from extant traders producing carbonated and sugary drinks newly added under schedule five of the CET.<\/p>\n
\u201cSo far, the service has collected more than N1 billion from carbonated and sugary drinks in the month of June.<\/p>\n
\u201cOther revenues from telecommunication, like call and data and digital network services are yet to be collected.<\/p>\n
\u201cThe service is expected to start collecting revenue on these products and services as soon as the modalities for collection are put in place.<\/p>\n
\u201cDuties from these revenue sources are expected to boost our collections in the current year,\u201d he said.<\/p>\n
ZBomodi also said that out of the 42 free trade zones in Nigeria, only 25 were active, with 15 of them operating in Zone \u2018A\u2019, 4 in Zone \u2018B\u2019, 5 in Zone \u2018C\u2019 and 1 in Zone \u2018D\u2019.<\/p>\n
On enforcement and anti-smuggling, Bomodi said in the period under review various goods with a total Duty Paid Value (DPV) of N39 billion were seized due to policy infringements.<\/p>\n
He said the top seven items seized were narcotics and other illicit drugs with a DPV of N8.8 billion, followed by foreign parboiled rice with a DPV of N8.3 billion<\/p>\n
The PRO said that illegal import of dangerous pharmaceuticals with a DPV of N7.6 billion were seized, including used clothing with a DPV of N4 billion and petroleum products with a DPV of N4 billion.<\/p>\n
According to him, textiles and made up fabrics with a DPV of three billion Naira and motor vehicles with a DPV of N2 billion were seized.<\/p>\n
Bomodi said the DPV value of seizures in the current year exceeded the ones made in 2021 by N34.8 billion.<\/p>\n
On anti-money laundering and financing of terrorism, he said the service made seizures of $339,800, 12,000 Pounds, 3.013 million Ryad, 20,005 CFA and 133 Automated Teller Machine (ATM) cards.<\/p>\n
He said that seven persons were arrested in violation of the Anti-Money laundering Act and were handed over to the Economic and Financial Crimes Commission (EFCC).<\/p>\n","protected":false},"excerpt":{"rendered":"
The Nigeria Customs Service (NCS) has generated N1.293 trillion in the first six months of 2022 into the Federation Account. The NCS Public Relations Officer, Deputy Comptroller Timi Bomodi said…<\/p>\n","protected":false},"author":1,"featured_media":90135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-98141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other-news"],"yoast_head":"\n