Business
Impounds 16 Trailers Of N350m Contraband
A total of 16 trailers carrying contraband goods worth N350 million have been seized by men of the Eastern Command of Nigeria Customs Service.
The consignments which were seized in the creeks of Obolo in Cross River State by the marine arm of the service were said to be the largest in the history of the command.
Addressing newsmen in Port Harcourt, the Assistant Comptroller General, Mohammed Othman, credited the success story of the command to the amnesty programme of the Federal Government which he said, made the creeks safer for their men to patrol and chase smugglers.
He recalled that in November last year, the same command at Oron made a similar seizure where contraband goods worth N300 million were also seized and stocked at the Federal Government’s warehouse at Onne Port, Port Harcourt, before the current seizure.
The Assistant Controller-General, however stated that the smugglers, suspected to have hauled the contraband goods from Malabo in Equatorial Guinea, escaped before they could be apprehended by men of the command who were on their trail for over 48 hours.
He assured that smuggling has become increasingly unprofitable due to the crackdown his men have mounted on the illegal trade while also working on motivating the morale of their officers with incentives.
Othman promised to reward those who were part of the success through submission of their names to the comptroller-general who will decide whether to use promotion or other forms of reward to appreciate their effort.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
Business
Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
-
Niger Delta2 days agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Sports3 days agoSimba open Nwabali talks
-
News4 days agoDon Lauds RSG, NECA On Job Fair
-
Nation3 days agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta3 days ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta2 days ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Oil & Energy3 days agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
-
Rivers3 days ago
Fubara Restates Continued Support For NYSC In Rivers
