Business
Ex-ANCLA Boss Carpets Amaechi Over POF
The immediate past Chairman, Board of Trustees of the Association of Nigeria Licensed Customs Agents, ANLCA, says the Transportation Minister and former Governor of River State, Hon. Rotimi Chibuike Amaechi, is wasting his time in trying to use his weight to bulldoze the collection of controversial freight forwards Professional Operating Fee, POF, despite a subsisting court ruling for the maintenance of the status quo by all parties.
Elochukwu nailed the coffin on the controversial collection, as he declared that “POF is fraud” which he said emerged from the blues with no official foundation.
The respected frontline customs broker and business tycoon said POF was sadly promoted through members mental lethargy and indulgence, barefaced fallacy, unethical permissiveness, voodoo imposition and inexplicable industry complacency.
In a no holds bar media chat with reporters, the petit intellectual guru explained that the matters was never discussed by the Governing Council which is the highest organ of the CRFFN, averring that some smart Alecs” merely rode on the permissive indulgence of the industry to fly the POF kite, which unfortunately metamorphosed into the ongoing “fraudulent distractions and uncanny arm twisting”.
He said: POF is a fraud- it is a fraud in relation to the CRFFN 2007. It is a fraud contrived and promoted by some smart alec.
The governing council as the highest organ of the CRFFN is the sole authority and clearing house for all council businesses. It is not the employee, the registrar or any other structure to the CRFFN but the Governing Council that takes decisions and makes the rules.
“The Registrar is an employee of the CRFFN and merely drives the CRFFN administrative vehicle, he has no power to make or unmake decisions taken by the Governing Council. The Governing Council is composed of elected members of the federating associations, and others drawn from the Federal Ministry of Transport and elsewhere”.
“It is the Governing Council the Minister of Transportation, should relate with. In 2011, the Governing Council made regulations which was gazette that in view of the fact that there was a recommendation by a panel which suggested a Transaction Fees by members as a means of funding. Therefore, a Committee of Governing Council was formed to liaise with registered associations and members. It was in the cause of this dialogue that the associations demand certain percentage of the proposed transaction fee to enable them run their associations. The committee reported back the decisions taken, but the civil servants in the Governing council objected that such is not allowed in government business.
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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.
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