Business

Abakaliki Rice Millers Threaten To Down Tools

Published

12 years ago

April 25, 2014

Rice millers at Abakaliki
Rice Mill Company have threatened to stop work, if the state government persists with its threat to forcefully relocate them.
The Chairman of the mill, Chief Joseph Ununu, made this known in an interview with The Tide source on Tuesday in Abakaliki.
Ununu who was reacting to the governor’s recent statement that the environmental status of the mill made the rice unhygienic, saying, “This relocation issue is distracting us; we will be forced to down tools to see whether the government will be pleased.
“We will mill and preserve enough rice that will sustain our families and gather at our office daily without doing any work.”
According to him, there has not been any reported case of ill health caused by the consumption of the rice.
”Environmental experts continually assess our surroundings and have always certified us fit for operation.
“Elechi buys our rice always; he used our rice for campaigns during his first and second tenures.
“The rice used by local government chairmen and traditional rulers to pay him homage are all from the Abakaliki Rice Mill.”
He noted that millers would readily relocate to any site, if facilities that would enable them to operate optimally were provided.
“Our machines do not operate under the sun or in the rain; so we need facilities where we will instal the machines and preserve our produce.

Business

Customs Operation Whirlwind Siezes Fuel Tankers Hand Over To NMDPRA, Auctions 1,275 Jerrycans

Published

4 seconds ago

February 27, 2026

The Tide

The Operation Whirlwind ,a special unit of the Nigeria Customs service has again dealt a big blow on recalcitrant economic saboteurs who specialize on trans-border smuggling as its operatives last week intercepted four tankers laden with a combined 154,000 litres of Petroleum products,hand over to the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for appropriate sanctions.

The coordinator of the special unit, Deputy comptroller general,Lucky Aliyu speaking with journalists at the Customs Training College in Lagos on Friday, quoted the Comptroller General of Customs, Adewale Adeniyi as saying that the intercepted tankers with capacities of 60,000, 49,000, and 45,000 litres respectively were seized for illegal diversion along the Owode Apa, Seme and Baragry axis.

Represented by the National Coordinator of Operation Whirlwind, Deputy Comptroller General, Lucky Aliyu, Adeniyi added that 1,630 jerry cans of 25 litres each amounting to 40,750 litres were also seized across notorious smuggling routes including Ado- Odo, Seme, Seme- Owode Apa, Ajilete, Ijoun, Iaro, Badagry, Idiroko, Eree and Imeko Axis within nine weeks. The products valued at N40, 750,000 were subsequently auctioned to members of the public.

“In a space of nine weeks, our operatives relentlessly intestified surveillance and enforcement operation across critical borders communities. As a result, a monumental volume of 1,630 jericans of 25 litres each of PMS yielding a total of 40,750 litres were seized across notorious smuggling routes including Ado- Odo, Seme, Seme- Owode Apa, Ajilete, Ijoun, Iaro, Badagry, Idiroko, Eree and Imeko Axis “The total duty paid value of intercepted 1,630 jericans litres each of PMS product is in the tune of N40,750,000, ” he said. Adeniyi emphasized that the operation is intelligence driven and aimed at safeguarding Nigeria’s energy security.

He explained that the transportation and movement of petroleum products are governed by a clearly defined regulation framework and standard operating procedure established to prevent diversion, smuggling, hoarding and economic sabotage.

“The items in question were found to have contravened the established SOP of Operation Whirlwind. Such violation undermines government policy, distorts market stability and deprives our nation of critical revenue.

The border corridors of Owode Apa, Seme and Baragry remain sensitive economic actors.

“These routes have historically been exploited by illegal cross-border petroleum movement.

However, let it be clearly stated, under our watch, there will be no safe haven for economic sabotage, ” he warned.

Adeniyi said the seized tankers were handed over to NMDPRA authority in line with established interagency collaboration for appropriate sanctions.

“This singular action underscores institutional synergy. While the Nigeria Customs Service enforces border control and smuggling mandate, NMDPRA regulates distribution and ensures compliance with the downstream state.

This collaboration ensures due process, transparency and regulates safety and integrity. “The public auction is in line with the regulatory procedure that demonstrates our commitment to accountability.

They are processed strictly in line with external law and guidelines, ” he said.

Adeniyi clarified that Operation WhirlWind is not against legitimate trade but against those who circumvent national laws for personal gains.

He lauded NMDPRA for their technical expertise, noting that their robust regulatory framework.ensures that enforcement actions align with global best practices while at the same time addressing systemic vulnerabilities within the petroleum distribution chain.

The Customs boss also commended operatives of Operation Whirlwind, attributing the success of the operation to their professionalism, vigilance, discipline and courage.

Earlier, the representative of NMDPRA, Mrs. Grace Dauda, said that the agency has the responsibility to ensure that petroleum products produced in the country are consumed here.

“It is unfortunate that some few businessmen, instead of ensuring that this product is consumed within Nigeria attempt to take it across neighboring countries.

It is in the light of this that the NMDPRA, in conjunction with the Nigeria Customs, the Office of the ONSA. and the Office of the Attorney General of the Federation, have ensured that all products that is being attempted to be smuggled out of the country are intercepted,” she said.

By: Nkpemenyie mcdominic, Lagos

Business

NSC Sensitises Cross-Border Traders, Business Community Use Of Border Information Centre

Published

34 minutes ago

February 27, 2026

The Tide

The Nigerian Shippers’ Council (NSC), in collaboration with the Economic Community of West African States (ECOWAS) Commission, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), Nigeria Customs Service (NCS) on Wednesday carried out a sensitization exercise for traders and farmers around the Seme border axis on the need to make use of its Border Information Centre (BIC) located at the border.

The BIC according to the agency was established in 2014 to encourage cross border trade. It is to solve challenges faced by traders at the borders who are not aware of what is required of them in getting goods across the border.

Speaking at the event theme: “Trade Now: Empowering Cross-Border Traders through the Trade Information Desk (TID),” the Executive Secretary of NSC, Dr. Akutah Pius expressed satisfaction at the recent surge in the use of the BIC

“We are encouraging you all to start using the BIC, we are happy that the use of the facility has increased” he said

Akutah thanked the GIZ and ECOWAS Commission for their strategic roles in organising the event, even as he also appreciated their efforts at the Seme Border to simplify cross-border business.

Earlier, the Director of Consumer Affairs Department of the ShippersCouncil, Mrs. Ify Okolue, said the mandate of the Council goes beyond seaport, and covers the border posts.

She noted that the BIC initiative aligns with the Council’s mandate as Port Economic Regulator and complements other interventions, including Inland Dry Ports, Vehicle Transit Areas, and dispute resolution platforms.

According to her, the Council’s Border Information Centre (BIC) at Seme Border provides traders with accurate information on tariffs, documentation, standards, and dispute resolution, reducing delays and trade costs.

Noting that BICs are already operational at Seme-Krake, Jibia-Maradi, Illela-Birnin Koni, and Mfum-Nkot borders, she observed that Idiroko BIC will become operational before the end of the second quarter of 2026.

She urged traders, especially women and youth, to utilise the centres to enhance transparency, compliance, and regional trade efficiency.

“The BIC serves as a structured platform for transparency, guidance, and dispute resolution. It provides traders with accurate information on tariffs, documentation requirements, import and export procedures, standards, sanitary and phytosanitary measures, and other regulatory obligations. By reducing information gaps, the Centre directly addresses one of the key barriers to trade formalisation and competitiveness” she said

Meanwhile, the Director of Trade, ECOWAS Commission, Mr. Kolawole Sofola, stressed the need for regular sensitisation and awareness campaigns on the best approaches, documentation and dispute resolution at the Seme Border area.

Sofola, who was represented by Sarah Okporufe, also observed that the role of e-Commerce, gender-inclusive trade and sustainable practices should be prioritised in the sensitisation campaigns.

The ECOWAS team observed that a lot of traders at the Seme border corridor aren’t exploring the ECOWAS Trade Liberalization Scheme (ETLS) to enjoy the export or import of goods that are devoid of Customs tariffs, especially goods that originate from the subregion.

“Another right that traders have is that as soon as they have a valid passport, they can move to any ECOWAS country to reside or transact businesses.

There is a process to have a biometric ECOWAS identity card that we expect will be adopted by Nigeria to allow traders and residents enjoy better access for businesses and other purposes,” the ECOWAS Commission representative said.

Speaking on behalf of the Comptroller-General of Nigeria Customs Service (NCS), Dr. Bashir Adewale Adeniyi, the Customs Area Controller, Seme Border Command, Comptroller Wale Adenuga, assured a maximum of 40 hours for the processing of legitimate imports and exports via the Seme Border.

According to him, farmers are particularly given consideration because of their perishable items.

While observing that trade facilitation is the core philosophy of the NCS under Adeniyi’s leadership, Comptroller Adenuga pledged the NCS’s continuous support at the Seme Border towards facilitating legitimate trade.

He encouraged traders to visit Seme Customs and the BICs to seek information about their trade in order to be informed about the requisite documentation, duties and goods that are prohibited.

“At Seme Customs, we will give you adequate information and adequate support.

By: Nkpemenyie mcdominic, Lagos

Business

PENGASSAN Rejects Presidential EO On Oil, Gas Revenue Remittance … Seeks PIA Review

Published

47 minutes ago

February 27, 2026

The Tide

The Natural Gas Senior Staff Association of Nigeria (PENGASSAN) Festus Osifo, has faulted the public explanation surrounding the Federal Government’s recent oil revenue Executive Order(EO).

President of the association, Festus Osifo, argued that claims about a 30 per cent deduction from petroleum sharing contract revenue are misleading.

Recall that President Bola Ahmed Tinubu, last Wednesday, February 18, signed the executive order directing that royalty oil, tax oil, profit oil, profit gas, and other revenues due to the Federation under production sharing, profit sharing, and risk service contracts be paid directly into the Federation Account.

The order also scrapped the 30 per cent Frontier Exploration Fund under the PIA and stopped the 30 per cent management fee on profit oil and profit gas retained by the Nigerian National Petroleum Company Limited.

In his reaction, Osifo, while addressing journalists, in Lagos, Thursday, said the figure being referenced does not represent gross revenue accruing to the Nigerian National Petroleum Company Limited.

He explained that revenues from production sharing contracts are subject to several deductions before arriving at what is classified as profit oil or profit gas.

Osifo also urged President Bola Tinubu to withdraw his recently signed Presidential Executive Order to Safeguard Federation Oil and Gas Revenues and Provide Regulatory Clarity, 2026.

He warned that the directive undermines the Petroleum Industry Act and could create uncertainty in the oil and gas industry, insisting that any amendment to the existing legal framework must pass through the National Assembly.

Osifo argued that an executive order cannot override a law enacted by the National Assembly, describing the move as setting a troubling precedent.

“Yes, that is what should be done from the beginning. You can review the laws of a land. There is no law that is perfect,” he said.

He added that the President should constitute a team to review the PIA, identify its strengths and weaknesses, and forward proposed amendments to lawmakers.

“When you get revenue from PSC, you have to make some deductibles. You deduct royalties. You deduct tax. You also deduct the cost of cost recovery. Once you have done that, you will now have what we call profit oil or profit gas. Then that is where you now deduct the 30 per cent,” he stated..

According to him, when the deductions are properly accounted for, the 30 per cent being referenced translates to about two per cent of total revenue from the production sharing contracts.

“In effect, that deduction is about two per cent of the revenue of the PLCs,” he added, maintaining that the explanation presented in the public domain did not accurately reflect the structure of the deductions.

Osifo warned that removing the affected portion of the revenue could have operational implications for NNPC Ltd, noting that the funds are used to meet salary obligations and other internal expenses.

“That two per cent is what NNPC uses to pay salaries and meet some of its obligations.The one you are also removing from the midstream and downstream, it is part of what they use in meeting their internal obligations. So as you are removing this, how are they going to pay salaries?” he queried.

Beyond the immediate impact on the company’s workforce, he cautioned that regulatory uncertainty could affect investor confidence in the sector.

“If the international community and investors lose confidence in Nigeria, it has a way of affecting investment. That should be the direction. You don’t put a cow before the horse,” he added.

According to him, stakeholders, including labour unions and industry operators, should be given the opportunity to make inputs at the National Assembly as part of the amendment process saying “That is how laws are refined,”