Home Maritime Tin-Can Customs Rakes In N274.3bn Revenue In Six Months

Tin-Can Customs Rakes In N274.3bn Revenue In Six Months

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The Tin-Can Island Port Command of the Nigeria Customs Service (NCS), said it collected over N274.3 billion in revenue in the first six months of the year, between January and June.
This represents about a 27.50 percent increase from the N229.3 billion collected in the same period in 2021.

Olakunle Oloyede, the Customs area controller of the command told newsmen on Friday that the enforcement and anti-smuggling unit of the command also recorded various seizures and detentions within the period under review.

The seizures, according to him, include 145kg of Indian Hemp concealed in two units of Ridgeline trucks and two units of Toyota Corolla vehicles; 206,000 pieces of machetes; 640 bales of used clothes; 236,500 pieces of used shoes; 62,500 pieces of new lady’s shoes; 1,670,400 pieces of chloroquine injections; 1,814,400 pieces of Novalgen injection; 48,850 rolls of cigarettes and 23,800 tins of sodium bromated and baking powder.

The CAC listed others to include 3,303 pieces of motor batteries found in three containers that were falsely declared as three units of used Toyota Hiace buses; four units of used Mack truck heads; one unit of used Toyota Sequoia 2008 model; one 2008 model of used Mercedes Benz GL450 and one unit of used 2011 Toyota 4 Runner.

Oloyede however disclosed that the command had handed over one suspect, one pistol gun, two empty magazines, and 300 rounds of live ammunition to the DSS for further action.

He said the items had over N1.3 billion duty paid value and that they also contravened some sections of the Customs and Excise Management Act (CAMA) of 2004.

The Customs boss further said that seizures were enabled by the interventions of the Customs Intelligence Unit, the valuation unit, Customs Strike Force, and other regulatory agencies including SON, and Nigeria Police among others.

On export, he noted that the command had recorded a throughput of 138,246.50 metric tons representing an increase of 73 percent from 100,500 metric tons recorded in 2021, with a Free on Board value of N100,447,304,814.00.

He said it represents an increase of 60 percent from N66,294,630,421 recorded in the fiscal year 2022.

“We commend the Nigeria Ports Authority management for their seamless collaboration in facilitating the clearance process of export-related cargo,” he said.

On the Vehicle Identification Number (VIN) Valuation system, he said that the initial challenges faced in the implementation of the VIN valuation had helped the command to achieve an expedited clearance process.

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