Economy

NCS Auctions off Seized PMS @630 naira per litre

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By Abisola Oluremi

The Nigeria Customs Service, NCS, has auctioned seized petroleum motor spirit, PMS, at ₦630 per litre, in Ibadan, the Oyo State capital.

The move is part of their efforts to crackdown on fuel smuggling and promote cooperation from the public to tackle illegal trade.

The auction, which took place at a private owned fuelling station in Mosfala, Muslim Area of Ibadan gave the residents the opportunity to benefit directly from the recovered products.

At the commencement of the sales of the PMS, the Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, represented by the National Coordinator Operation Whirlwind, Hussein Ejibunu said the thirty kegs of petrol and a tanker filled with thirty thousand litres of PMS were seized at a border town between Oyo and Osun States.

Mr Adeniyi explained that the products which amounted to forty two million, seven hundred and fifty thousand naira duty paid value were seized during an attempt to smuggle it out of Nigeria.

Also speaking, the Oyo/Osun Area Controller, Dr Ben Oramalugo urged residents to report smuggling activities in their domain to the authority.

Some beneficiaries applauded the gesture, noting that they would be able to visit their loved ones during the yuletide season.

The people also admonished government to do the same with seized food items especially imported rice.

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Economy

NCS Oyo/Osun Command Intercepts Foreign Rice, Marcaroni Worth Over 150 Million Naira

By Web News 303

By Abisola Oluremi

As part of efforts to encourage local farmers, the Nigeria Customs Service, NCS, Oyo/Osun Command has intercepted foreign rice and macaroni worth duty paid value of over one hundred and fifty million naira.

The Area Controller of the command, Dr Ben Oramalugo stated this while briefing journalists on the achievements of the command in the outgoing year.

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Dr Oramalugo said the aim was to reduce the demand for foreign products and promote the consumption of locally produced alternatives. 

This he said was part of the federal government’s efforts to boost agricultural production, create jobs, and stimulate economic growth.

The interception according to him was also to prevent revenue loss through smuggling and other illicit activities.

“The customs service has been working tirelessly to enforce compliance with import regulations and prevent the influx of substandard or prohibited goods into the country.”

Speaking on the revenue generated into the federal government coffers, Comptroller Oramalugo said between January and November 2024, the Command has generated seventy-two billion, five hundred and sixty-eight million, four hundred and nine thousand, eight hundred and two naira, two kobo representing a significant increase of 13.17% compared to amount collected within the same period in 2023.

He attributed the success to the diligence and transparency of officers of the command.

Other items seized by the command, included premium motor spirit, PMS, second-hand clothing, used tyres, and banned unlicensed pharmaceuticals, among others.

A highlight of the programme was the handing over of seized pharmaceutical products to the National Agency for Food and Drug Administration and Control, NAFDAC, for further action.

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