Business
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.
Continue Reading
A boat accident in Bayelsa state has killed a serving Pastor, Wife and other church members along Brass waterways
The sad incident happened at Odioama in Brass local government area of Bayelsa State when the Pastor, wife and members of his church were in a programme.
?
?Tide confirmed that the lifeless body of the Pastor’s wife has been found and deposited in a mortuary while the remains of her husband ,the Pastor is yet to be recovered
as search party are still ongoing.
Although the real cause of the boat Mishap is not yet known as at the time of this report, our Correspondent gathered that the identities of the Pastor, wife and church members were not disclosed to the public.
The mishap, Tide gathered occurred on Friday morning when the church members were on a boat transit
The Bayelsa State government and the state police command are yet to issue official statement’s on the sad accident
By: CHINEDU WOSU
The Rivers State Council of Nigeria Civil Service Union has called on the State Government to urgently scrap the contributory pension scheme, describing it as unfavourable to long-serving civil servants in the state.
Chairman of the union, Chukwuka Osuma, said this in an interview with newsmen in Port Harcourt, recently.
Osuma said the current pension structure has continued to worsen post-retirement hardship for workers.
He noted that the contributory pension scheme had failed to provide adequate retirement security for workers who had spent many years in service, especially those approaching retirement age.
According to him, civil servants who had served for more than 20 years were among the worst affected under the scheme, insisting that many retirees could no longer cope with prevailing economic realities.
He also informed that the Union has made moves to showcase their concerns, pleading with Governor Siminalayi Fubara to abolish the pension policy and introduce a more favourable arrangement for affected workers.
“The union was not opposed to pension reforms, the contributory scheme should only apply to newly employed workers or those with fewer years in service”, he said.
Osuma explained that workers who had already spent decades in the civil service ought to remain under a more secure pension structure capable of guaranteeing stability after retirement.
The labour leader further noted that inflation and the rising cost of living had continued to erode the value of retirement savings, thereby increasing the suffering of pensioners across the country.
He also appealed to the state government to consider extending the years of service in the civil service from 35 to 40 years and the retirement age from 60 to 65 years.
Osuma argued that such adjustment had become necessary in view of present-day economic realities and changing conditions in the workplace.
The unionist also reviewed that similar policies had already been adopted in some sectors and jurisdictions, expressing optimism that the State could also implement the reforms for the benefit of workers.
He however, commended Governor Fubara for approving an N85,000 minimum wage for workers in the state, noting that the amount was above the national benchmark of N70,000.
Osuma also acknowledged the government’s efforts in the area of workers’ promotions and bonuses, but insisted that pension reforms and extension of years of service remained critical to the long-term welfare and stability of civil servants in Rivers State.
By: King Onunwor
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.