The Edo and Delta Area Command of the Nigeria Customs Service generated a total sum of N30,638,073,795.75 from January to August 2023. Customs Area Controller, Comptroller Babatunde Olomu said this in a statement on Thursday. According to Olomu, the service remitted same to the Federation and Non-Federation Accounts of the Federal Government. “When compared to […]
The Nigerian Customs Service has urged importers of vehicles to imbibe transparency while declaring their cargos during clearance. Speaking during a stakeholders’ engagement to sensitize importers on the importance of the Vehicle Identification Number (VIN) valuation system of the service, Comptroller Saidu Abba Yusuf, being the Customs Area Controller of Ports Terminal Multiservices Limited, specifically […]
The ongoing detention of already cleared cargo from the seaports by Nigerian Police Force (NPF) officials has drawn criticism from the Nigerian Shippers Council (NSC), which claims that doing so slows down trade. “If Police have intelligence on a cargo, they should escort the container to the final spot of discharge and then check the container […]
Welcome to our blog, where we bring you exciting updates and highlights from the world of Auctions. This Friday, we’re thrilled to take you down memory lane. Calling on all automobile enthusiasts to kick back, and relax while we take you on a nostalgic journey accompanied by a wide array of vintage collectibles and iconic […]
The Lagos State Ministry of Commerce, Industry and Cooperatives (MCIC) has commenced the drive for compliance with the Auction Law Cap. A12 (2015) of Lagos State. This was revealed by the Permanent Secretary, Ministry of Commerce, Industry and Cooperatives, Mrs. Adetutu Ososanya while receiving the leadership of the National Association of Auctioneers (NAA) and Certified […]
The Nigeria Association of Auctioneers (NAA) has cautioned the federal government against plans to engage in online auctioning of forfeited or recovered assets. The group said adopting the online platform to dispose what it described as “unserviceable and perishable” items was tantamount to delay and loss of revenue, which could neither benefit sellers nor potential […]
The Nigeria Customs Services has allegedly sold about 6,000 impounded vehicles and other items to selected firms and individuals, The PUNCH has learnt. The auction of the vehicles, it was gathered, was done without open competitive bidding, contrary to the Bureau of Public Procurement Act, 2007. The vehicles were allegedly branded as scraps and sold […]
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