Business
Freight Forwarders Seek Probe Of N250m Allocation
The Central Working Committee of the Freight Forwarders of Nigeria has urged the Economic and Financial Crimes Commission to probe the N250m allocated by the Federal Government to the Council for the Regulation of Freight Forwarding in Nigeria.
The Publicity Secretary of the committee, Dr. Frank Ukor, told newsmen in Lagos that the EFCC should investigate how the council spent the money.
Ukor said the council should be a private organisation entitled to only grants in line with the 2007 Act establishing it.
He wondered why the council suddenly began to present budgets for statutory allocations from the Federal Government.
According to him, appropriation of funds by the National Assembly to public institutions and parastatals must be differentiated from grants to private organisations.
Ukor said that it was proper for the National Assembly to find out if the law establishing the council was being violated.
He said, “The Act of 2007 charged the council with the responsibility, among others, to determine standards of knowledge and skills to be attained by persons seeking to be freight forwarders.
“The Central Working Committee objects also to the recognition given to the council by the Federal Ministry of Transport as a parastatal.”
Ukor said, going by the Act, the council ought to be a regulatory body and not a parastatal.
He said that about 43 professional councils were operating in the country and none was regarded as a government parastatal.
Ukor added that the intention of those who drafted the Act was not to make it a parastatal.
Ukor cited Section 10, First Schedule of the Act, which says that “a person shall not by reason of his membership of the council be treated as holding an office in the public service of the federation.”
An effort by The Tide source to speak with the Registrar and Chief Executive Officer of the council, Mr. Mike Jukwe, was not successful.
The Chairman of the council, Alhaji Hakeem Olanrewaju, told our source that the group’s complaints should be disregarded.
Olarewaju said the council would not recognise the committee, adding that only five freight forwarding associations were recognised by the council.
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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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