Business
Civil Service Reforms: Customs Sacks 30 Comptrollers
This year may have started on a gloomy note for 30 Comptrollers of Customs and their dependants as the Customs Board has confirmed their retirement from service.
According to competent sources at Customs headquarters, Abuja, the Federal Civil Service Commission has published names of 32 Comptrollers of Customs alongside 51 directors from various Federal Ministries.
Details of the lists sighted by our correspondent revealed that the federal civil service commission cited redundancy and stagnation in one rank for ten years and above as the reason why the officers must quit the service.
Ordinarily, the public service rule prescribes three years as the maturity period for officers to earn their promotion to the next grade level, between GL 08 and GL 14, while the maturity period to move between GL 14 and GL 17 is four years, our source revealed.
“If following simple logic, therefore, an officer entering the civil service with a first degree would require a minimum of 27years to attain the post of a director, “he said.
This invocation of the civil service rules, according to our source, was all that is needed to send these comptrollers back to their homes.
However, reports indicate that two comptrollers (names withheld) who hitherto fell among the retirees have been promoted to Assistant Comptrollers – General of Customs leaving 30 others, unlike 2004, were 75 comptrollers were sacked in what is today known as the Customs coup of 2004.
Some senior Customs officers who do not want their names in print perceive this as an ethnic cleansing. According to them, the premature sack of comptrollers is a plot to do away with a crop of officers who are seen as power mongers and aggrieved due to the maltreatment the service has meted to them.
An assistant comptroller who led the array of critics against the sack said, “it is a deliberate plot by the present Comptroller – General of Customs to sack because he is afraid of these officers some of whom have attained the rank of comptroller while he (Dikko) was still a Chief Superintendent of Customs (CSC).
While some of the critics accused the president of demystifying the strength of the North in the scheme of allocation of officers in the major parastatals, one of the affected retirees told our correspondent on phone that the present C.G., Alhaji Dikko plotted the coup to retire them in order to pave way for young and dynamic officers whom he will be able to control and manage without confrontation and insubordination having learned from the previous administration.
The Tide finding can authoritatively reveal that a look at the date of first appointment of the affected comptrollers shows that they joined the service in 1982 while the list of ages of the affected officers stand at 49,50,52 as provided by records sighted by our correspondent.
According to an inside source, there is a serious trouble brewing in the service due to this sack saga, adding that before the final ratification by the Customs board, the said officers had been lobbying to be posted to juicy commands to make something before their retirement but for those who don’t have political fathers or emirs and obas, they were left either in redundancy at the Customs headquarters or posted to unviable commands.
But on the sack of the 30 comptrollers, a maritime analysts Chief Chibuzor Ebere, noted that changes are usually meant for good, but when the changes come as a result of what could be avoided in the name of crisis, then the reason for the change is not genuine.
“It becomes more painful when these fellows are still very young (in their 50s) and below, very healthy and active. It means that over time you lose very useful materials in the name of changes,” Chief Ebere said.
He further remarked that what maritime experts want is modernization for efficiency, reinforcing the manpower by giving them more training to cope with the global changes in the maritime industry and not throwing the effective manpower.
A source confided in our correspondent that the 30 affected and aggrieved comptrollers may join the 75 comptrollers retired in 2004 and over15 ACGs and DCGs to challenge their premature sack in a law court and shore up support for their determination for re-instatement.
Business
Private sector gets N2.2tr credit in 30 days — CBN
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
Business
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Business
NDDC Intensifies Women Empowerment Initiative Across Niger Delta
