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Oyo/Osun Customs Net N20.48bn In Feb … Make N165.3m Worth Seizures
The Nigeria Customs Service (NCS), Oyo/ Osun Command, has announced the collection of ?2,048,487,969.00 as revenue covering the period of 1 February to 27 February 2025.
Briefing newsmen at the Command’s headquarters in Ibadan, the Customs Area Controller, Comptroller Joseph Olugbuyi Adelaja, said the Command has been able to reduce tax evasion through deployment of improved data analytics to monitor trade flows.
According him, “Under my leadership, the Command was able to collect the sum of ?2,048,487,969.00 (Two billion and forty-eight million, four hundred and eight seven thousand nine hundred and sixty-nine naira only) as revenue covering the period of 1 February to 27 February 2025.
“This revenue collected reflects the diligence and efficiency of our Officers and men in ensuring compliance with extant Customs laws and policies.
“The Oyo/Osun Area Command has significantly reduced tax evasion through the adoption of advanced technology, such as the deployment of improved data analytics, which has enabled the Command to monitor trade flows and identify discrepancies effectively”.
Comptroller Adelaja continued that “One of the core mandates of the Nigeria Customs Service is the suppression of smuggling, which undermines national security and economic growth.
“The Oyo/Osun Area Command has made significant strides in curbing smuggling activities, safeguarding the nation’s economy, and protecting local industries from the harmful effects of illicit trade.
“Within 2 weeks of my assumption of duty, the Command has intercepted and seized several high-profile smuggling consignments, including the seizure of foreign Rice, Second-hand clothing, Premium Motor Spirit and used tyres. These seizures have a duty paid valued of ?165,387,000.00k (One and sixty-five million, Three hundred and eighty-seven thousand naira only).
“The interception and seizure of these prohibited and uncustoms items have prevented the illegal inflow of products that undermine local industries, particularly rice farmers and manufacturers in the region.
“On this note, the interception of prohibited foreign parboiled rice has led to the increase in production and consumption of the local rice in Oyo and Osun State respectively”.
The seized items includes: 1043 bags of foreign parboiled rice (50 kg), with duty paid value of ?114,730,000.00k; 452 Pieces of used tyres, valued at ?43,392,000.00k; 2 bales of used clothes valued at ?1,440,000.00k; and 233 Kegs of premium motor spirit (25 Litres), at ?5,825,000.00k, with total duty paid value of ?165,387,000.00k.
“The Command in a bid to enhance border monitoring has intensified its surveillance of key entry points and transit routes within the Oyo/Osun region through a combination of physical inspections, surveillance technology, and intelligence sharing with other security agencies”, he explained.
He further said the command’s Anti-smuggling operations have been strengthened through increased collaboration with other security agencies, including the Nigerian Army, Nigerian Police Force, Department of State Services (DSS), Economic and Financial Crimes Commission (EFCC), and the Nigerian Immigration Service, (NIS).
These partnerships, he said, “have facilitated the exchange of intelligence and allowed the joint operations to dismantle smuggling networks operating in the region.
“The Command will further prioritize the sensitization of the members of the public to raise awareness about the negative impact of smuggling on the economy and the well-being of the nation.
“The economic downturn facing Nigeria has created a number of challenges for the Nigeria Customs Service, particularly in revenue collection and the prevention of smuggling.
“The low level of importation, fluctuating exchange rates, and inflation have all contributed to the economic challenges being faced”.
He, however, said the Command has responded strategically to these challenges, ensuring that the Command remains resolute on its mission.
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The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.
Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.
According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.
Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.
“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.
The minister noted the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.
According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.
Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.
He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.
“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.
He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.
“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.
Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.
“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.
“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.
Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.
She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.
Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).
“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.
“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.
The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, Ikeja, has impound Cocaine Substance valued at ?2.35 billion alongside 15 trailer-loads of foreign rice and a wide range of contraband across the South-West.
This was disclosed to Newsmen during a press briefing in Lagos by Controller of the Unit, Comptroller Gambo Aliyu,
Aliyu revealed that the seizures were made over an eight-week period, underscoring intensified enforcement efforts.
According to him, operatives foiled 473 smuggling attempts within the period, leading to the confiscation of 8,794 bags of 50kg foreign rice, 22 used vehicles, 328 bales of used clothing, and 31,705 litres of Premium Motor Spirit (PMS).
He said other seized items include a Mercedes-Benz vehicle and various food products such as poultry, vegetable oil, spaghetti, and sugar.
Aliyu clarified that the rice displayed at the briefing represented cumulative interceptions made at different locations and times across the zone.
“All the rice you see here are accumulative of seizures carried out at different places, at different times, and through different interdictions,”
Beyond the economic implications, the Comptroller emphasized the social cost of drug trafficking, warning that narcotics continue to destroy families and fuel criminal activities.
“It may surprise you to know that many homes are broken due to drugs.
” Our mandate is to cut off the supply chain, and that is exactly what we are doing,”.
Similarly Customs operatives at the Gbaji outpost intercepted a 71 year-old suspect along the Lagos-Abidjan corridor with 6.35kg of cocaine concealed in a Toyota Highlander.
The drugs, comprising both powdered and crystalline forms, were valued at ?2.35 billion.
Under a special enforcement drive, codenamed “Operation Hawk,” the unit also seized 3,340 parcels of synthetic cannabis, popularly known as “Ghanaian loud,” weighing 1,540kg.
The substances, along with three suspects, have been handed over to the National Drug Law Enforcement Agency (NDLEA) for further investigation and prosecution.
In a related operation, officers intercepted four cylinders of mercury hidden in a vehicle along the same corridor. Aliyu described the substance as hazardous and subject to international regulation.
Overall, the Duty Paid Value (DPV) of the seizures stands at approximately ?5.5 billion, reflecting the scale of enforcement activities.
Additionally, the unit recovered ?97.7 million through Demand Notices issued on under-declared consignments.
Aliyu reaffirmed the Service’s commitment to deploying modern technology—including geospatial intelligence, drone surveillance, and real-time tracking—to strengthen border security and clamp down on smuggling networks.
CHINEDU WOSU
Chief Executive Officer of Norges Bank Investment Management, Nicolai Tangen ( manager of the world’s largest sovereign wealth fund) has expressed interest in partnering with Dangote Group to expand investments across Africa, particularly in strategic sectors such as power, energy, renewable energy, agriculture, fertiliser and cement.
This was made known during a meeting of Chief Executive of Dangote Group, Aliko Dangote with Nicolai Tangen, the manager of Norwegian investment institution (with assets estimated at about $1.9 trillion) .
Also present at the meeting were Svein Tore Holsether, Chief Executive Officer of Yara International, and Terje Pilskog, Chief Executive Officer of Scatec, a global renewable energy company.
The engagement reflects growing international investor confidence in Africa’s industrial and infrastructure potential, as well as the increasing role of indigenous conglomerates such as Dangote Group in driving large-scale economic transformation across the continent.
Industry observers say the proposed collaboration could create significant opportunities for investments in critical sectors linked to energy transition, food security, industrialisation and infrastructure development.
The Norwegian sovereign wealth fund, regarded as one of the world’s leading institutional investors, has in recent years increased its focus on emerging markets, with Africa seen as a major frontier for long-term investment and value creation.
Analysts believe a partnership between Norges Bank Investment Management and Dangote Group could unlock substantial capital flows into infrastructure and industrial projects across Africa, helping to accelerate economic growth and regional integration.
Nkpemenyie Mcdominic, Lagos
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