Business
Seme Realises N1.16bn Revenue In Two Months
The Nigeria Customs Service (NCS), has Seme Border Command, said it realised a total of sum of N1.160 billion from its operations between January and February.
The figure, according to the Customs Area Controller, Compt. Timi Bomodi, represents the shortfall of about 88 percent of total expected revenue.
“The shortfall in expected collections can be attributed to total aggregate decline in imports occasioned by high exchange rate”, he stated.
He gave a breakdown which showed that N643,038,611.16, was realised in January, and N517,950,286.14 in February.
While briefing newsmen in Lagos, Bomodi said the customs headquarters gave the Command a target of N7.875 billion as revenue for this year .
According to him, this represents an increase of over 400percent in collections compared to the target of 2023 which translates to a monthly collectable revenue of N656.258 million.
He further explained that the drastic reduction in the importation of general goods accasioned by high exchange rate and low volume of economic activities across the frontier made the Command fall short of her expected monthly target.
On anti- smuggling, the customs boss said the Command also intercepted 400×30 litres of petroleum products equivalent to 12,000 litres, with a duty payable value of N8,347,680.
He explained further that cannabis sativa, parboiled rice, general goods, codeine , with a duty value of N365,888,696 was also recorded.
Bomodi said a total of thirteen suspects were arrested in connection with these seizures, and some of them have been handed over to relevant authorities for further action, while six of them were granted administrative bail, three handed over to NDLEA for further investigation, and three suspects still under customs detention.
Nkpemenyie Mcdominic, Lagos
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