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.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.