Business
Customs Nabs 14 Suspects Over 125 Seizures …Recovers N28.860m In One Week
The Federal Operation Unit of the Nigeria Customs Service Zone “A” Lagos said it arrested fourteen (14) Suspects in connection with One Hundred and Twenty-Five (125) seizures made between the period of April 10th to May 15th, 2018.
The Customs Area Controller Compt. Mohammed Uba who disclosed this in Lagos while briefing newsmen recently said the Unit intercepted various Uncustomed goods and other goods on detention with a Duty Paid Value(DPV) of N1,010,296,666.02 (One billion, ten million, two hundred and ninety-six thousand, six hundred and sixty-six naira).
The Customs boss also said that the Unit through its interventions recorded N28,860,788.00 (Twenty Eight Million, Eight Hundred and Sixty Thousand, Seven Hundred and Eighty Eight Naira).
Comptroller Uba listed the detained seized items to includes, 30 Exotic Vehicles which included 7 Toyotta Hilux (2018 models), 3 Toyotta Prado Jeep (2017), 1Range Rover, 1 Ford Edge (2015), 5,516 bags of Parboiled Rice (9 Trailers).
Others include 1,078 cartons of Frozen Poultry products, 216 Jerrycans of Vegetable Oil, 683 piece of use tyres.
Among the items seized in the past one month by the unit include 173 bales of used clothing and 8 sacks of Indian hemp.
The Customs Area Controller also told newsmen that importers who could not pay correct duties were compelled to pay the appropriate duties when they were caught, adding that this was the best way to handle non-compliant traders.
In his words, “ for non-complaint traders who do not confirm to import rules, whenever we have such information, we cross check and if we discover that the Federal Government Money is not fully collected, we don’t allow that and we make sure that such money is collected”.
Uba also revealed that his men were already aware of the smugglers antics of concealing smuggled products, warning those who have chosen the path of smuggling to earn a new leaf as the service and indeed the unit will not renege on it statutory functions most especially in suppressing smuggling.
Meanwhile, the Customs Area Controller, Fou Zone “A” compt. Mohammed Uba has hinted that following court processes and condemnation , the Presidential committee on IDPs chaired by the Comptroller General of Customs, Col. Hammed Ali (Rtd) had approved the evacuation of some seized items to the Borno State Government for distribution to the Internally Displaced Persons (IDPs) through the Nigerian Army Corps of Supply and Transport (NACST).
The items according to the CAC includes 25,318 Bags of Rice 50kg, (42 trailers), 3,366 Jerry cans of 25 Liters, 175 Gallons of Vegetable Oil (5 Liters), 1,564 Bales of used clothing and 122 Sacks and 938 Pairs of used Shoes.
Nkpemenyie Mcdominic, Lagos
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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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