Customs Boss, Adeniyi, Gives Account of 12 Months in Office, Announces N4.49tn Revenue, Massive Seizures
ADENIYI
By Our Reporter
The Comptroller General of the Nigeria Customs Service (NCS), Mr. Adewale Adeniyi on Wednesday gave account of his 12 months in office , announcing a revenue generation of N4.49trillion and massive seizures of different goods.
Adeniyi disclosed that the N4.49trillion revenue was a considerable rise of 74 per cent when compared with the figure for the same period last year which was N2.58 trillion.
The amount was realized between June 2023 and May 2024.
He disclosed that there has been a sustained increase of 70.13 per cent in average monthly generation since he assumed office compared to the trend in the previous year.
The CG also added that there has been an average monthly revenue collection of N343 billion in the past one year as against N202 billion during the same period last year.
According to him, there was a continued 122.35 per cent increase in revenue collection in the first quarter of 2024 as against the trend last year.
He disclosed that in June, the Service recorded an all-time-high daily collection of N58.5 billion on June 13, this year.
The customs boss explained that the impressive performance was due to strategic initiatives introduced by the Service.
He identified some of the strategies as N15 billion recovered by the “Revenue Review Performance Recovery exercise; N2.79 billion also recovered from the 90-day window for the regularisation of the documents of uncustomed vehicles; and N1.5 billion recovered from 1,705 overtime containers and 981 vehicles from the seaports”.
On anti-smuggling, he said the Customs recorded massive seizures of different goods, including 63 seizures of animal and wildlife products with duty paid value of N566 million.
Others were seven seizures of arms and ammunition at the ports and borders, a combined total of 127 cases involving narcotics and pharmaceutical products valued at over N6 bn, 724 seizures, involving 2.93 million litres of Premium Motor Spirit (PMS) which were about to be smuggled out of the country.
The Comptroller General of the Nigeria Customs Service (NCS), Mr. Adewale Adeniyi on Wednesday gave account of his 12 months in office , announcing a revenue generation of N4.49trillion and massive seizures of different goods.
Adeniyi disclosed that the N4.49trillion revenue was a considerable rise of 74 per cent when compared with the figure for the same period last year which was N2.58 trillion.
The amount was realized between June 2023 and May 2024.
He disclosed that there has been a sustained increase of 70.13 per cent in average monthly generation since he assumed office compared to the trend in the previous year.
The CG also added that there has been an average monthly revenue collection of N343 billion in the past one year as against N202 billion during the same period last year.
According to him, there was a continued 122.35 per cent increase in revenue collection in the first quarter of 2024 as against the trend last year.
He disclosed that in June, the Service recorded an all-time-high daily collection of N58.5 billion on June 13, this year.
The customs boss explained that the impressive performance was due to strategic initiatives introduced by the Service.
He identified some of the strategies as N15 billion recovered by the “Revenue Review Performance Recovery exercise; N2.79 billion also recovered from the 90-day window for the regularisation of the documents of uncustomed vehicles; and N1.5 billion recovered from 1,705 overtime containers and 981 vehicles from the seaports”.
On anti-smuggling, he said the Customs recorded massive seizures of different goods, including 63 seizures of animal and wildlife products with duty paid value of N566 million.
Others were seven seizures of arms and ammunition at the ports and borders, a combined total of 127 cases involving narcotics and pharmaceutical products valued at over N6 bn, 724 seizures, involving 2.93 million litres of Premium Motor Spirit (PMS) which were about to be smuggled out of the country.
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