Connect with us

News

NCS Reports ₦1.9trn Revenue Growth, Pursues Exchange Rate Stability with CBN

Published

on

 

The Nigeria Customs Service (NCS) has announced a staggering ₦1.9 trillion increase in revenue over the past year, marking a substantial rise from its previous financial performance.

 

The Comptroller-General (C-G) of Customs, Adewale Adeniyi, disclosed this achievement during a press conference in Abuja on Wednesday, highlighting the Service’s efforts and successes under his leadership.

 

Adeniyi underscored the NCS’s impressive 74% growth in revenue collection, reaching a total of ₦4.49 trillion between June 2023 and May 2024, compared to ₦2.58 trillion in the corresponding period of the previous year.

 

He attributed this remarkable performance to a consistent 70.13% increase in average monthly revenue collection, amounting to ₦343 billion per month, up from ₦202 billion previously. Notably, the first quarter of 2024 alone saw a notable 122.35% surge in revenue collection compared to the same period in the previous year.

 

The C-G highlighted several factors contributing to this success, including the recovery of ₦15 billion through the Revenue Review Performance Recovery exercise, ₦2.79 billion from the regularization of uncustomed vehicles’ documentation within a 90-day window, and ₦1.5 billion from the decongestion of 1,705 overtime containers and 981 vehicles at ports.

 

In a bid to stabilize exchange rates for imports, Adeniyi confirmed that the NCS has commenced collaboration with the Central Bank of Nigeria (CBN). He expressed concern over the disruptive impact of fluctuating exchange rates on business planning, underscoring the necessity of achieving stability in this regard.

 

The C-G also highlighted the NCS’s remarkable improvement in governance performance rankings, noting a significant leap from a lower position to achieving a perfect score of 100%, tying with other top-performing agencies.

 

This transformation, he emphasized, resulted from effective trade facilitation measures implemented over the past year.

 

Adeniyi further detailed operational enhancements, such as the designation of a dedicated export terminal at Lilypond Command, which significantly boosted processing efficiency. Initially managing 317 Single Goods Declarations (SGDs), the terminal now handles 7,464 SGDs, representing 19.49% of the total 38,294 export transactions recorded in 2023.

 

By the first quarter of 2024, this figure had increased to 10,786 transactions, with 29.32% processed through the dedicated export terminal.

 

Regarding anti-smuggling efforts, the C-G reported substantial interceptions, high-value seizures, and numerous arrests, including the confiscation of 63 shipments related to animal and wildlife products valued at ₦566 million.

 

Adeniyi concluded by reaffirming the NCS’s commitment to sustaining these achievements through continued innovation, collaboration, and stringent enforcement measures, ensuring robust revenue generation and trade facilitation across Nigeria’s borders.

Comments

News

Kano Assembly Moves to Impeach Deputy Governor Gwarzo Over ₦1.6bn Alleged Fraud

Published

on

By

Deputy Governor of Kano State Aminu Gwarzo

The Kano State House of Assembly has initiated impeachment proceedings against Deputy Governor Aminu Abdussalam Gwarzo over allegations of gross misconduct, abuse of office, and breach of public trust.

The notice was presented yesterday during plenary by the Majority Leader, Lawan Hussaini Dala, who said the action follows Section 188 of the 1999 Constitution of the Federal Republic of Nigeria.

Dala said the allegations stem from Abdussalam’s tenure as Commissioner for Local Government (2023–2024) and his current role as deputy governor. He accused the deputy governor of diverting funds meant for the 44 local government councils.

According to the majority leader, Abdussalam allegedly received N1.5 million monthly from each council between June 2023 and January 2024, totaling N462 million. Between February and July 2024, he allegedly collected N3.255 million monthly from each council under the guise of special assignments, amounting to N726 million.

Dala also accused the deputy governor of abuse of office, claiming he facilitated payments of N10 million from each council to NovoMed Pharmaceuticals Limited, totaling N440 million, in violation of state procurement laws.

“The misuse of official capacity to confer undue advantage constitutes abuse of power and undermines public trust,” Dala told lawmakers, adding that the allegations amount to gross misconduct under the Constitution.

The impeachment notice was reportedly endorsed by 38 lawmakers, meeting the constitutional threshold to proceed. The Speaker has acknowledged receipt, and the House is expected to serve the allegations on the deputy governor.

If approved, a panel may be constituted by the state Chief Judge to investigate the claims.

As of filing, Abdussalam had yet to respond publicly to the allegations.

Continue Reading

News

IGP Inaugurates State Police Committee, Gives Four-Week Deadline

Published

on

By

State policing has been on the frontburner in Nigeria in recent years. Photo: X@PoliceNG

The Inspector-General of Police, Tunji Disu, on Wednesday inaugurated a seven-member committee on the establishment of state police, giving it four weeks to submit its report.

The inauguration was held during his maiden conference with senior police officers at the Peacekeeping Conference Centre, Force Headquarters, Abuja.

Charging members of the panel to discharge their duties with professionalism and objectivity, Disu described the assignment as “both significant and timely,” noting that it would shape the framework through which state policing may operate in Nigeria.

“In carrying out this assignment, your deliberations must be guided by professionalism, objectivity, and a clear appreciation of the unique complexities of policing a diverse nation such as our own,” the IGP said.

He stated that if properly designed and effectively implemented, state policing holds significant potential benefits for the country.

“By bringing law enforcement closer to communities, state police institutions can deepen local knowledge of security dynamics and enable quicker and more targeted responses to emerging threats,” he added.

The committee is expected to review existing policing models within and outside Nigeria, assess community security needs and emerging risks, and propose an operational framework for the establishment and coordination of state police structures.

It will also address issues relating to recruitment, training, standards and resource allocation, as well as develop accountability and oversight mechanisms to ensure professionalism and public trust.

The panel is chaired by Olu Ogunsakin, with Bode Ojajuni as secretary. Other members are Emmanuel Ojukwu, Okebechi Agora, Suleyman Gulma, Ikechukwu Okafor and Tolulope Ipinmisho.

Disu said the committee had about four weeks to conclude its assignment and submit a comprehensive report.
The move marks one of the first major steps taken by the new police chief since his appointment and confirmation a few days ago.

The development comes amid rising security concerns across the country, with several stakeholders advocating state policing as part of measures to tackle insecurity.

President Bola Tinubu had earlier asked the National Assembly to commence the process of amending relevant laws to pave the way for the creation of state police.

Continue Reading

News

Tinubu swears in Disu as IGP, inaugurates RMAFC, FCSC commissioners

Published

on

By

President Bola Tinubu on Wednesday swore in Olatunji Disu as the Inspector-General of Police (IGP).

Disu took the oath of office at the Council Chamber of the Presidential Villa, Abuja, shortly before the commencement of the Federal Executive Council (FEC) meeting.

The President also administered the oath of office to six commissioners of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) and two commissioners of the Federal Civil Service Commission (FCSC).

The ceremonies were witnessed by ministers, senior government officials and family members of the appointees.
The council meeting began shortly after the swearing-in.

In attendance were Vice President Kashim Shettima; the Secretary to the Government of the Federation, Senator George Akume; the Chief of Staff to the President, Femi Gbajabiamila; the National Security Adviser (NSA), Nuhu Ribadu; and the Head of the Civil Service of the Federation, Mrs EsthMrs.Walson-Jack.

Disu was appointed acting IGP on February 25, 2026, by President Tinubu, following the resignation of former IGP Kayode Egbetokun.

His appointment was subsequently endorsed by the Nigeria Police Council (NPC).

The former Assistant Inspector-General of Police assumed office last Wednesday.

He previously served as Assistant Inspector-General in charge of the Force Criminal Investigation Department (FCID) Annex, Alagbon, Lagos, after his promotion to the rank last year.

A former head of the Lagos Rapid Response Squad (RRS), Disu has pledged to deliver accountable, modern and professional policing.

Continue Reading

Advertisement

Entertainment

Advertisement

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Advertisement

Trending