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Customs Rejects N50m Bribe From Smuggler

The Tincan Island Command of the Nigeria Customs Service said it rejected the N50million bribe offered by a smuggler involved in the importation of tramadol and other drugs for his container release.
The Customs Area Comptroller of Tincan, Mr Adekunle Oloyede, disclosed this on Monday while addressing journalists at the command.
He said that the suspect, Mr Boniface Ike, accepted ownership of two 40-foot containers arrested carrying drugs with the duty paid value of N550m.
He added that the money brought by the suspect would be tendered as an exhibit.
“One of the suspects in custody, Mr. Boniface Ike, accepted that he is the owner (importer) of the two containers and sought to discuss privately with the command. I instructed my officers to play along, the request was granted with expectations of receiving vital information from the suspect. But to their bewilderment, the suspect pleaded for his freedom from detention and release of the containers while offering gratification to the tune of N50m which is equivalent to $54,330 at the current exchange rate of N920/$. The money was collected and kept in safe custody at the enforcement unit to be tendered as an exhibit”, Oloyede said.
He added that a total of two suspects were arrested and are currently in the custody of the enforcement unit of the command.
He said that the seized containers of pharmaceuticals were coming from India.
Giving details of the seizure he said, “The command received timely intelligence from the command’s intelligence unit on the suspected importation of illicit dangerous, unregistered regulated pharmaceutical products concealed in two 40ft containers with bill of lading numbers 227578945 and 227898171.”
Oloyede said on the arrival of the vessel at Tincan Island Container Terminal, the containers with numbers, MRSU 592397/0 and MRKU 553432/1 were transferred immediately to the enforcement station for 100 per cent physical examination and further investigation.
He said one of the containers with the number, MRSU 592397/0 and bill of lading number, 227578945, was said to contain, 1016 packages of electrical goods but the examination showed something different.
“Examination showed the container contained, five cartons of Timaking 120 Tapentadol (Tramadol) Hydrochloride Carisoprodol capsule. Each carton contains 50 rolls, each roll contains 5 packets, each packet 200 tablets, 84 cartons of Gastro Resistant Omeprazole capsule BP 200mg, each carton contains 50 packets, each packet contains 10 capsules, 876 cartons of CSMIX cough syrup containing codeine each bottle 100ml each carton contains 200 bottles. 50 cartons of manual grater machine-70 pieces per carton as a means of concealment. One carton of ceiling fan as a means of concealment”, he said.
He said the second container with the number, MRKU 553432/1, and bill of lading number, 227898171, was said to contain 1, 021 packages of electrical materials.
“But 100 per cent physical inspection showed that that the container contained, 10 cartons of Super Royal 225 Tramadol, each carton contains 50 rolls, each roll contains 10 packets, each packet 10 tablets. 105 cartons of Omeprazole Capsule BP 200mg each carton contains 50 packets, and each packet contains 10 capsules. 754 cartons of barcadin with codeine 100 ml. Each carton contains 200 Bottles. 50 cartons of manual grater machine, 70 pieces per carton as means of concealment. One carton of Compo Ceiling Fan as means of concealment”, he explained.
Oloyede said that the unregistered pharmaceutical products intercepted are regulated products by the National Agency for Food Drug Administration and Control.
He reiterated that the drugs didn’t have the required permits and certificates for importation.
According to him, “The documents are to ascertain the safety of the products to Nigerians, hence these illicit dangerous drugs were concealed.”
He said that the suspects, containers and the exhibit would be handed over to the agencies that are in charge of regulation of such importation.
He added that the service may decide to prosecute according to the Service Act, Nigeria Customs Service Act.
Oloyede also added that another container with registration number, TTNU 804678/9 carrying frozen poultry products was also intercepted.
“The SDG and other supporting documents like FORM M, others, stated tangerine which was used to conceal the frozen poultry products imported. The container has been seized”, he said.
Oloyede noted that the persistent fraudulent nature of importers and agents drives the command to be more innovative in putting methods and measures to combat smuggling activities.
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INEC To Unveil New Party Registration Portal As Applications Hit 129

The Independent National Electoral Commission (INEC) has announced that it has now received a total of 129 applications from associations seeking registration as political parties.
The update was provided during the commission’s regular weekly meeting held in Abuja, yesterday.
According to a statement signed by the National Commissioner and Chairman of the Information and Voter Education Committee, Sam Olumekun, seven new applications were submitted within the past week, adding to the previous number.
“At its regular weekly meeting held today, Thursday 10th July 2025, the commission received a further update on additional requests from associations seeking registration as political parties.
“Since last week, seven more applications have been received, bringing the total number so far to 129. All the requests are being processed,” the commission stated.
The commission revealed the introduction of a new digital platform for political party registration. The platform is part of the Party Financial Reporting and Auditing System and aims to streamline the registration process.
Olumekun disclosed that final testing of the portal would be completed within the next week.
“INEC also plans to release comprehensive guidelines to help associations file their applications using the new system.
“Unlike the manual method used in previous registration, the Commission is introducing a political party registration portal, which is a module in our Party Financial Reporting and Auditing System.
“This will make the process faster and seamless. In the next week, the commission will conclude the final testing of the portal before deployment.
“Thereafter, the next step for associations that meet the requirements to proceed to the application stage will be announced. The commission will also issue guidelines to facilitate the filing of applications using the PFRAS,” the statement added.
In the meantime, the list of new associations that have submitted applications has been made available to the public on INEC’s website and other official platforms.
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Tinubu Signs Four Tax Reform Bills Into Law …Says Nigeria Open For Business

President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.
The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.
The ceremony took place at the Presidential Villa, yesterday.
The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.
The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.
“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.
Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.
Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”
Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”
He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.
“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.
According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”
He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.
The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.
However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.
At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.
They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.
After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.
By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.
In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.
“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.
“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.
He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.
The President added, “We are not just signing tax bills but rewriting the social contract.
“We are not there yet, but we are firmly on the road.”
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Senate Issues 10-Day Ultimatum As NNPCL Dodges ?210trn Audit Hearing

The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.
Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.
However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.
Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.
A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.
It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.
The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.
“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.
“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”
But lawmakers rejected the request.
The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.
“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.
“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.
Other lawmakers echoed similar frustrations.
Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.
The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.
Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.
Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”
Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.
The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.
Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.
The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.