The Federal Inland Revenue Service (FIRS) at the weekend ordered banks in the country to lift its earlier imposed lien on tax defaulters’ bank accounts, saying the measure will enable the banks to contact the affected customers for regularisation of their tax positions. The federal tax administration agency gave the directive in a letter dated […]
The Strike Force Team of the Nigeria Customs Service (NCS) on Wednesday announced that it seized 5,662 bags of suspected smuggled rice and 137 bales of second hand clothes both valued at N137 million. The National Coordinator, Headquarters of the NIS Strike Force Team, Abuja, Mr Abdullahi Kirawa, gave this hint while briefing journalists in […]
Bi-Courtney Aviation Services Limited (BASL), operators of the domestic wing of Murtala Muhammed Airport Terminal Two (MMA2), Lagos, has flawed the Federal Airports Authority of Nigeria’s (FAAN’s) alleged claim of its indebtedness to the tune of N1, 943,323,516.50, saying the claim lacks merit In a statement issued on Monday to debunk the FAAN’s allegations, the […]
Licensed freight forwarders have decried what they described as the proliferation of Customs units at the Lagos ports, alleging that the units are being used to extort them and make the cargo clearance procedures more cumbersome. In addition, the concerned agents also alleged that the multiple Customs units aside complicating the clearing process, but have […]
With just N1.788 billion raked in as revenue in nine months, there are strong indications that the Nigeria Customs Service (NCS) Niger/Kwara/Kogi Area Command may not be able to meet its N3.7 billion revenue target for this fiscal year. This is despite the command’s efforts targeted at curbing smuggling and other trade and economic vices […]
The Ogun Urban and Physical Planning Board on Friday reported that its internally generated revenue (IGR) stood at over N1 billion from January to August this year. The state Commissioner for Urban and Physical Planning, Mrs Ronke Sokefun, made the disclosure when members of the state House of Assembly Committee on Lands and Housing visited […]
The Federal Government, States and Local Governments in the country shared N698.7 billion in October from the total revenues that accrued to the Federation Account in the month of September this year. The Minister of Finance, Mrs Zainab Ahmed, gave this hint on Thursday while briefing journalists on the decisions taken at the Federation Account […]
The Federal Operations Unit, Zone A Ikeja, Lagos of the Nigeria Customs Service (NCS) has arrested eight suspects in connection with 25 goods seized valued at N2, 055, 321,389.84 in the last two weeks. The items seized include a heavy duty MAN Diesel truck with registration number XB 286 BEN carrying 2,748 cartons of DSP […]
The Nigeria Customs Service, Seme Command, today disclosed that it generated N438.6 million revenue in May. The command’s spokesman, Mr. Saidu Abdullahi, who made disclosure, explained that during the month in review, the command made 130 seizures with a Duty Paid Value (DPV) of N95.5 million. He explained: “In the month of May, the command […]
The Nigerian Ports Authority, NPA, yesterday stated that it generated N299.5 billion revenue in 2017, representing its highest revenue collections in the past five years.