Skip to content
August 2, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Senate probes Customs over suspected revenue leakages
  • National News

Senate probes Customs over suspected revenue leakages

Admin October 26, 2016

Senate in session

Senate in sessionThe Senate on Wednesday started comprehensive probe into the activities of the Nigeria Customs Service to block revenue leakages and enhance generation.

The probe, launched by the Senate Committee on Customs and Excise, will look into ways to increase revenue generation capacity of the service.

The Chairman of the committee, Sen. Hope Uzodimma, during an oversight visit to the NCS headquarters in Abuja, said the service should generate enough revenue to fund the nation’s budget.

He expressed displeasure at a report by the Ministry of Finance, which indicated that the NCS had generated less than N400bn so far in 2016.

Uzodinma said the committee might re-enact the law establishing the service for optimal performance.

He said, “We are looking into the operations of Customs Service; looking at the areas of revenue generation and possible leakages with a view to finding solutions.

“We have done detailed work and we have established contacts with all commands under the service.

“All we are interested in is to evolve a robust framework that will help the NCS earn more revenue.

“In order to do that effectively, we are examining its current mode of operations with a view to refining how things are done.

“By the time we finish looking at the operations of some of the ports, we will come back and look at how best to amend the existing Act.

“We want to create a situation where the NCS will be able to fetch the country the kind of revenue we are looking for from non-oil sector.”

Commenting on the revelation that the service could not access some oil companies for payment of levies, Uzodinma said that was part of the impediments that require enabling laws.

He said, “There are some limitations that have not made it possible for the customs service to perform its mandate the way it should.

“Those are things that we will also look into so as to remove all obstacles to enable it function effectively.”

While interacting with the Comptroller-General of the Service, Col. Hameed Ali (Rtd.), Uzodinma requested that certain documents be submitted to enhance the committee’s probe.

The committee gave the service till Oct. 28 to submit the documents and answer all the queries posed.

It sought to know how the seven per cent Negotiable Duty Credit was managed and how the service handled seized cargoes and overtime cargoes.

The NCS is expected to render details of how it handles seized cigarette and alcohol, record of auctioned overtime and seized cargoes.

The committee also demanded for record of all waivers granted in the last three years, value of the waivers, detailed record of sugar levy and other details of revenue accrual.

Uzodinma expressed displeasure at the inability of the service to collect duty from oil companies, promising that a legislation to review the law would be initiated.

In his remark, the Custom CG, Col. Hameed Ali, assured that the service would fully cooperate with the committee.

He directed NCS officials to provide the committee with all the information and documents it required.

(NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous Crowd take over court premises as Federal High Court hears Dame Jonathan’s fundamental human rights case
Next FG begins recruitment into ministries, parastatals: Here is how to apply

Related Stories

Police neutralises suspected bandit in Katsina, recover AK-47 rifle Police
  • National News

Police neutralises suspected bandit in Katsina, recover AK-47 rifle

August 1, 2026
Troops dismantle criminal syndicate operating in South East, South South, recover stolen weapons
  • National News

Troops dismantle criminal syndicate operating in South East, South South, recover stolen weapons

August 1, 2026
Oriire Abduction: Judicial Commission seeks public memoranda ahead of Aug. 14 oyo
  • National News

Oriire Abduction: Judicial Commission seeks public memoranda ahead of Aug. 14

August 1, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Police neutralises suspected bandit in Katsina, recover AK-47 rifle Police
  • National News

Police neutralises suspected bandit in Katsina, recover AK-47 rifle

August 1, 2026
Troops dismantle criminal syndicate operating in South East, South South, recover stolen weapons
  • National News

Troops dismantle criminal syndicate operating in South East, South South, recover stolen weapons

August 1, 2026
Oriire Abduction: Judicial Commission seeks public memoranda ahead of Aug. 14 oyo
  • National News

Oriire Abduction: Judicial Commission seeks public memoranda ahead of Aug. 14

August 1, 2026
67 dead, stores closed, 80,000 residents of Spanish Ceuta confined to their homes
  • International News

67 dead, stores closed, 80,000 residents of Spanish Ceuta confined to their homes

August 1, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.