• Privacy Policy
  • Terms
  • About us
  • Contact Us
Friday, August 12, 2022
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Apapa Customs generates N86bn revenue in October

The Matters Press by The Matters Press
November 6, 2021
Reading Time: 2 mins read
0
Jaiz Bank expands with new branches

Naira

Naira

The Apapa Area Command of the Nigerian Customs Service (NCS) has collected a total of ₦86.02 billion as revenue for the month of October, despite initial glitches that slowed its operations

RELATED POSTS

MTN boss tasks youths on self-development

Equity market posts losses, market capitalisation down by 0.12%

NEPC urges exporters to utilise bank interventions for exports

The Customs Area Controller (CAC), Comptroller Malanta Yusuf, gave the figure in a statement signed by Abubakar Usman, Public Relations Officer of the Command, on Friday in Lagos.

According to Yusuf, the tempo of increased revenue collection is being sustained through the volume of trade, strategies raising stakeholders’ compliance level, and inter-agency collaboration between the Command and other government agencies.

“A breakdown of the total collection shows federation and non-federation figures.

ALSO READ  Apapa Customs Command generates N870.39bn in 2021

“Figures under the federation account are as follows: Import duty at ₦38,436,536,897.00; Excise duty at ₦199,038,533.00; CET Levy at ₦5,625,077,502.00; and Fees at ₦401,830,622.00, with a sub total of N44, 662,483,554. 00.

“Figures for the Non-federation Account are as follows: Port Levy at ₦2,690,572,938.00; NAC at ₦165,872,139.00; 1 per cent CISS at ₦4,612,963,465.00; 0.5% ETLS at ₦2,688,286,656.00; Sugar Levy at ₦598,518,814.00; Wheat Flour Levy at ₦488,959.00.

“Others are; Iron Levy at ₦47,220,994.00; Wheat Grain Levy at ₦7,892,567,890.00; Ness Levy at ₦102,989,524.77, with a sub-total of ₦18,799,481,379.77.

“For Value Added Tax, the command collected ₦22,560,783,616.00 leading to a grand total of ₦86,022,748,549.77,” he said.

The comptroller commended port users and stakeholders for their increasing level of compliance, urging them to continually avoid unlawful activities such as concealment with intent to smuggle; false declaration and under valuation to evade accurate duty payments.

ALSO READ  Nigeria disburses N56bn to MSMEs

According to him, any importation that runs contrary to the provisions of Sections 46 and 47 of Customs and Excise Management Act CAP C45 LFN 2004 and Customs and Excise Notices No.1491, will not be allowed into the country.

Yusuf noted that the command would not compromise wherever and whenever the need arises to make arrests and seizures for infractions deserving of such actions.

He directed the command’s Compliance Team to maintain their zero tolerance for infractions, as a way of protecting the national economy.

The CAC described the inter-agency collaboration between the Apapa Customs Command and other government agencies as an operational masterstroke, yielding great results.

Yusuf lauded the sustained intelligence sharing between the command and sister agencies like the National Drug Law Enforcement Agency (NDLEA), Department of State Service (DSS), Nigeria Police, Nigerian Navy, Nigerian Army and others.

ALSO READ  Borno governor's steward commits suicide

He attributed the recent joint seizures of 32.9kg of cocaine uncovered in a vessel, MV Cha Yanee Naree, in Apapa Port in October and 74.119kg of captagon pills, hidden in various components of machine parts, which was seized in September to intelligence sharing.

The CAC stated that only importers and agents who either want to smuggle or evade duty payments would fault the command and its growing synergy with other agencies, which was strengthened through collaboration.

He advised all importers and agents to take advantage of the one-stop shop compliance and dispute resolution mechanism, aimed at achieving trade facilitation without compromising national revenue and security.

Tags: Customs
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Central Bank, MTN resolve crisis
Business

MTN boss tasks youths on self-development

August 11, 2022
Trading in Nigerian stock market dips further N83bn
Business

Equity market posts losses, market capitalisation down by 0.12%

August 11, 2022
Nigeria targets $1.2bn export capacity for every state
Business

NEPC urges exporters to utilise bank interventions for exports

August 11, 2022
Experts seek implementation of economic development plans
Economy

ACAMB seeks enhanced synergy for economic growth

August 11, 2022
Vulnerable Nigerian farmers to get $1m grant
Agriculture

Expert calls for end to over reliance on agro-imports

August 11, 2022
Edo unveils plans for investment desks
Business

Nigeria seeks $400m private investment to complete millennium tower

August 11, 2022
Next Post
Remembering the famous Green March after 46 years

Remembering the famous Green March after 46 years

Osinbajo advises world leaders to consider the poor in addressing economy, health issues

Nigeria, Cote d’Ivoire should build closer economic ties - Osinbajo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Nigeria suspends mining in Zamfara

Governors now support state police

June 21, 2019
Nova Merchant Bank lists N50bn commercial paper

Nova Merchant Bank lists N50bn commercial paper

February 10, 2022
Egypt’s economic strides excite AfDB

AfDB’s president begins visit in South Africa

March 23, 2022

Popular Stories

  • Rising prices of goods causes protests in Morocco

    Rising prices of goods causes protests in Morocco

    0 shares
    Share 0 Tweet 0
  • INEC wants to make you rich, bid for new jobs

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Universities approved to operate distance learning centres

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • MTN boss tasks youths on self-development
  • Equity market posts losses, market capitalisation down by 0.12%
  • NEPC urges exporters to utilise bank interventions for exports

Categories

  • Agriculture
  • Business
  • Economy
  • Entertainment, Religion
  • Features
  • Foreign
  • Health
  • Multimedia
  • News
  • Oil, gas, solid mineral
  • Opinion
  • Photo
  • Politics
  • Security
  • Sports
  • Technology
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?