Business
Edo/Delta Customs Step-Up N156m Crude Barrels … Post N30bn Revenue
The Edo/Delta States Customs Command of the Nigeria Customs Service (NCS) with guided modalities put in place has generated a total of N30,638,073,795.75 as revenue from January to August 2023.
It also remitted same into the Federal Government treasure, and processed crude oil export amounting to 156,836,264 barrels and 268,319.522 metric tonnes of Liquified Petroleum Gas (LPG) for the first eight months of the year.
Comptroller Babatunde Olomu disclosed this at a press briefing recently, while showcasing the activities of his Command, where he also said N138,587,468 was recovered through issuance of demand notice.
Olomu, the Command’s helmsman, described the revenue collection feat as outstanding, saying it was achieved in the face of numerous challenges, including low draft and near collapse of the Warri channel, low trade influx, swings in transaction rate, and the unstable economic environment.
He also attributed the successes recorded to leakage prevention, zero compromise for duty evasion and due diligence in the face of low volume of trade.
Olomu also sad the Command sniffed out some offending items as seizures, with a duty paid value of N331,181,600.
The seizures comprised bales of used clothes, rice, vegetable oil, used fridges, red wines, tomato paste and sacks of cannabis.
On excise duty collection, he disclosed a collection of N4,507,700,028 from factories engaged in production of excisable products manufactured by Guinness Nigeria PLC, Coca-Cola and 7up Bottling Company and others.
”The Command has never relented in its strive to make sure it hits and surpasses its target against all odds; low draft and near collapse of the Warri channel, low trade influx, swings in transaction rate and the unstable economic environment.
“The Command had been able to make outstanding revenue input into the Federation Account within the period under review, that is January to August 2023.
“This was made possible through leakage prevention, zero compromise for duty evasion, and due diligence in this period of low volume of trade influx into the port, as well as the cooperation of our stakeholders”.
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