Maritime
Customs To Impose 3% Penalty On Commercial Banks Over Delay In Remittances Of Collected Revenue
The Nigerian Customs Service has warned that commercial banks which fail to remit Customs revenue within contracted timeline will now pay a penalty of 3% above the prevailing Nigerian Interbank Offered Rate (NIBOR) for the duration of the delay.
The Customs in a statement on Wednesday said some banks designated to collect import and export duties on the B’Odogwu platform had turned on their delay tactics for too long, warning that such banks would pay heavily for the delay in remitting public funds collected through it.
The statement signed by the agency’s national spokesman, Dr Abdullahi Maiwada read in part: “The Nigeria Customs Service (NCS) has noted instances of delayed remittance of Customs revenue by some Designated Banks following reconciliation of collections processed through the B’odogwu platform. Such delays constitute a breach of remittance obligations and negatively impact the efficiency, transparency, and integrity of government revenue administration.
“In line with the provisions of the Service Level Agreement (SLA) executed between the Nigeria Customs Service and Designated Banks, the Service hereby notifies stakeholders of the commencement of enforcement actions against banks found to be in default of agreed remittance timelines.
“Accordingly, any Designated Bank that fails to remit collected Customs revenue within the prescribed period shall be liable to penalty interest calculated at three percent (3%) above the prevailing.
By: Nkpemenyie Mcdominic, Lagos
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The International Transport Workers’ Federation (ITF), says over 6,223 seafarers were abandoned in 2025
ITF also said the abandoned Seafarers were recorded across 410 ships,
The Data shows that the numbers represent 31% increase in such ship abandonments compared to 2024, and a 32% increase in seafarers abandonment.
ITF data, which will be submitted to the International Maritime Organization (IMO) ahead of its discussion at a legal committee meeting this year, also shows that seafarers were owed a total of $25.8m in 2025 as a consequence of the abandonments.
The report said ITF has recovered and returned $16.5m to seafarers.
David Heindel, Chair, ITF Seafarers’ Section“ said it’s nothing short of a disgrace that, yet again, we are seeing record numbers of seafarers abandoned by unscrupulous shipowners,”
“Every day, all around the world, seafarers face horrific violations of their human and labour rights, all so that bottom-feeding companies can make a quick buck at their expense.
” It’s very clear that this is a systemic issue in the industry – and that means we need the entire industry to come together with seafarers and their unions to say, ‘enough is enough’, and take action together to end this crisis.”
“We are normalising, treating seafarers like disposable pawns”
The International Maritime Organization IMO and the International Labour Organization (ILO) run a joint seafarers abandonment database.
Indian seafarers were the worst affected national group in 2025, as in 2024, with 1,125 seafarers abandoned. At the end of 2025, the Indian government announced that blacklisting measures would be taken to protect seafarers from ships with a record of repeat abandonments and other bad practices.
Filipino Seafarers were the second worst affected, with 539 abandoned, followed by Syrians with 309 abandoned.
The worst region for abandonment was the Middle East, followed by Europe.
The two countries where most ship abandonments took place,the countries with the highest number of vessels on which abandonments occurred both of which have significantly higher abandonments than any other country, were Türkiye (61) and the United Arab Emirates (54).
Flag of convenience (FOCs) vessels feature prominently in abandonment: 337 vessels abandoned in 2025 – 82% of the total – were flying FOC flags.
Commenting on the statistics, founder of Seafarer Social Consultants, Carl King told Splash today: “Every abandoned seafarer is a step backwards for the shipping industry. With one hand we talk about a retention crisis; with the other, we normalise treating seafarers like disposable pawns.”
King called the data a “disgrace”, warning shipowners and flag states need to fix the issue quickly, or accept an even steeper decline in the skilled people needed to crew vessels.
International operations manager at the International Seafarers Welfare and Assistance Network (ISWAN),Chirag Bahri, described how abandonment has lasting impacts on the mental wellbeing of seafarers and their families ashore, alongside severe financial distress.
“Many seafarers are left struggling with unpaid wages, ongoing loans, and money lost to fraudulent agents in the hope of securing work.
The continued rise in abandonment cases highlights systemic failures that necessitate immediate attention and coordinated action across the industry,” Bahri said.
ITF General Secretary Stephen Cotton urged the International Maritime Organization to be given more power to play a coordinating role in eradicating abandonment.
The ITF has three ideas to tackle seafarer abandonment which includes, flag states must be compelled to log a ship’s beneficial owner, including contact details, as a pre-condition for registration.
Secondly, National blacklisting of ships should happen to protect seafarers from ships with repeated involvement in abandonment cases.
Finally, the ITF is calling on governments to investigate the use of flags of convenience.
Steven Jones, the founder of the Seafarers Happiness Index, hit out at how regulators were not dismantling the mechanisms which allow bad actors,
“the fundamentally evil owners” who have such blatant disregard for seafarers.
“Until we drive real change, until the regulation aligns with the response, and until we get more agile in spotting the warning signs and in dealing with them, then next year the numbers will be bigger. And the year after that,” Jones said.
By: CHINEDU WOSU
The Sea Empowerment and Research Centre (SEREC) says poor regulation of shipping lines could undermine the credibility of the Nigeria Customs Service (NCS) reforms.
Head of Research SEREC, Dr Eugene Nweke made this Known to Newsmen in Abuja
Nweke said that customs efficiency was linked to the performance of the Nigeria’s maritime and trade ecosystem.
Hr described the NCS as central to the success of the National Single Window (NSW) risk-based clearance and trade facilitation reforms.
“However, Customs efficiency gains are systematically eroded when upstream shipping practices introduce artificial delays, speculative charges, remote cargo release approvals and opaque cost structures”.
“In effect, weak regulation of shipping line conduct externalises inefficiencies into the Customs clearance process, inflates transaction costs, distorts compliance behavior and undermines the credibility of customs-led trade reforms,”
Nweke said that SEREC had submitted a white paper to the government advocating that shipping line governance, port economic regulation, and customs trade administration should be treated as inseparable policy domains.
SEREC said Nigeria’s Port challenges were not only infrastructure-driven but governance-related, warning that weak regulation, missing oversight reports and unchecked discretion in systems like the NSW could undermine reform efforts.
SEREC recommended reforms for Nigeria’s shipping sector, including public release of committee findings, statutory refund timelines with penalties, banning speculative demurrage billing, mandatory local cargo release and alignment of shipping practices with the NSW among others.
Nweke said that the aim of the white paper was to draw attention to sharp practices and regulatory weaknesses that had evolved beyond operational inconveniences into macroeconomic and governance risks.
“For NCS trade reforms to deliver their full impact in 2026 and beyond, shipping practices must align with the same principles guiding Customs modernisation: transparency, predictability, automation, accountability and local control.
Nweke said that by 2026, stakeholders in Nigeria’s maritime industry hope to transition from opaque and arbitrary port operations to a transparent, rules-based system managed through digital technology.
He stressed that the shift should align with ongoing reforms and international best practices, facilitated by the government through providing enabling environment and enforcing regulations
“These include predictable costs, enforceable service standards, transparent billing, time-bound cargo release, and institutional accountability particularly as Nigeria advances the National Single Window (NSW), port economic regulation, and revenue optimisation objectives.
“The expectation is not the creation of new laws, but disciplined enforcement of existing instruments, public disclosure of regulatory outcomes, and insulation of regulators from political and commercial capture,” Nweke said.
By: CHINEDU WOSU
Nigeria President, Bola Ahmed Tinubu has approved the immediate take-off of the Olokola Deep Seaport project in Ogun Waterside Local Government Area
The approval brings to an end years of delay surrounding the multi billion dollar Port.
Gov. Dapo Abiodun of Ogun made this Known to Journalists during an interactive session
Governor Abiodun said the Seaport would help decongest Lagos ports, while oil drilling at Tongeji Island would boost economic activities and inclusion in coastal communities.
“The Olokola deep seaport project, which has been on the drawing board for several years, has been revived following a series of meetings with the President”.
“I want to sincerely thank Mr President because this is solely his initiative. In the last two weeks alone, we have held several meetings on Olokola, and he has clearly expressed his desire to see the port become a reality,” he said.
The Governor said the seaport would be known as the Blue Marine Economic Zone, would leverage the coastal road as an alternative logistics corridor and further ease pressure on the Lagos ports.
He commended the Nigerian Navy for establishing a Forward Operations Base at Tongeji Island, saying the move would enhance security and prevent infiltration from neighbouring Benin Republic.
The Governor said that the state government was working to provide basic amenities for residents of the island to improve living conditions and support emerging economic activities.
Abiodun thanked the Navy for its contribution to security in the state, attributing the relative peace in Ogun to collaboration among security agencies.
By: CHINEDU WOSU
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