Business
NDLEA Impounds Tramadol, Cash At MMIA
For the umpteenth time, the National Drugs Law Enforcement Agency (NDLEA) said it intercepted 649,300 capsules of Tramadol, 225mg and 809,850 Euros cash.
The Agency said all of the impounded items were among consignments from Pakistan, Austria and Italy, and was at the Murtala Muhammed International Airport, (MMIA), Ikeja Lagos .
It was also disclosed that various quantities of Heroin and other illicit drugs were blocked from being exported to the United States, United Kingdom and Canada by operatives of the NDLEA.
A statement signed by Femi Babafemi, Director, Media & Advocacy, NDLEA Headquarters, Abuja, said the seizure took place at the Skyway Aviation Handling Company cargo warehouse at the airport.
According to the statement, “anti-narcotic officers seized 649,300 capsules of Tramadol 225mg weighing 460.95kg imported from Pakistan via Addis Ababa, through Ethiopian Airline on Wednesday 16th Feb and a suspect, Nwadu Ekene Christian, was arrested in connection with the seizure.
It noted that on the same day, a female passenger, Ms. Ayeki Happy, who arrived the airport from Italy on Turkish Airline flight was arrested with 69,850 Euros cash concealed in her luggage.
The Agency’s spokesman further explained that, “this was four days after another lady, Precious Idahagbon was arrested with 740,000 Euros cash hidden in her luggage and undeclared upon her arrival at the airport from Vienna, Austria via Istanbul, Turkey.
“Both cash seizures are currently under investigation to establish if they are proceeds of drug business.
“At the NAHCO export shed of the airport, operatives seized a consignment of 131 parcels of Cannabis concealed in packages of black soap (Dudu-Osun), during outward clearance of cargo going to the UK.
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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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