Connect with us

COVER

NCS Raises Concerns Over N3.09trn Revenue Target in 2022

Published

on

Share

By Mathew Dadiya, Abuja

The Nigeria Customs Service (NCS) has raised the alarm over its ability to meet up with the N3.09 trillion revenue target for the 2022 fsical year.

It disclosed the collection of  N2.143 trillion out of the N3.

019 trillion target given by the Federal Government for the fiscal year.

Comptroller-General, Col.

Hameed Ali, who  Spoke at the 54th Session of the State House Briefing organised by the Media Department at the Presidential Villa, Thursday in Abuja,  said agency might not be able to meet the target this year but said there better hope for 2023.

He said one key area of President Muhammadu Buhari’s administration was laying a solid foundation to expand the revenue base of the nation and ensure a steady progression in the economy through institutional reforms.

Ali disclosed that the Customs had deployed strategic approaches to block revenue leakage and had succeeded to identify the leakages and blocked them.

According to him, the NCS was generating N876 billion annually to the federation account but after the leakages were blocked its revenue increased to N2.1030 trillion in a year.

He revealed that total collections from these items under excise between 2015 and May 2022 amounted to N610.865 billion.

“From June 2022 to the present time the collection from non-alcoholic, sugary and carbonated drinks totalled N20.391 billion with an outstanding revenue at the close of business in September of N773.943 million.

“By the end of the last quarter of 2022, the Service anticipates collecting about 35 billion naira from this sector alone or 10.2% of its total collectable duty from excise taxes on sugary/carbonated drinks,” he said.

The Customs boss who said, there was no room for under declaration of goods; stressed that “I’m looking forward to the day we will be collecting more excuse /industrial duty.”

Ali said that the only way Nigeria can protect her border is by huge investment in technology, adding, “we are working electronically and scientifically to generate revenue.”

Automation of the Nigeria Customs Service will generate about $176 billion and instill paperless Customs (Office Automation System, Human Resource Management, Document & Asset Management System), Infrastructure upgrades (Customs Data Centre & Network) and Marine Deployment.

The Comptroller-General said he aligned the organizational structure with the reforms agenda and unbundling of Commands/Units and creation of new Commands to achieve strategic objectives in non-intrusive inspections, marine, air-wing, excise, Oil & Gas Free Trade Zones, and export.

“I have enhanced Human Resource Management by ensuring proper placement of officers and men, define clear paths for career progression and ensure promotions based on merit; enhanced welfare for officers and men, salary increase, better housing facilities, well equipped administrative facilities, regular postings to prevent favoritism/corruption and better healthcare,” he said.

The Finance Act 2021 provided for the amendment of section 21 of the Customs Excise Tariff and allows for the collection of excise duties on non-alcoholic, sugary and carbonated drinks from June 2022.

Meanwhile, the Customs boss said he has sacked over 2000 officers for indulging in corrupt practices waring that it would ensure the service is sanitized.

Excise duty, prior to this amendment, was levied on the local manufacture, sale and consumption of beer, spirits, other alcoholic beverages, cigarettes and tobacco among others, Ali said.

One excise on telecommunications services, Ali explained that the Finance Act 2021 provided for the amendment of section 21 of the Customs Excise Tariff and allows for the collection of excise duties on telecommunications services from June 2022 adding that the current statistics puts the total number of phone users in Nigeria at over 204 million persons.

According to the NCS boss, the Federation Account provides for the collection of 5% on all telecommunications services, voice, data and others.

“NCC data reveals Nigerians spent N3.25 trillion on telecommunications service in 2021, extrapolating that the Service anticipates a collection of about N162.5 billion from this Service alone.

On creation of dedicated export command, Ali explained that exports have long since been identified as having huge potentials in foreign exchange earnings and the value of non crude exports (agricultural products) in 2021 was over N500 billion, assuring that the sector has the potential of growing over 100% with the right incentives and support.

He said the challenges faced by exporters have been addressed through the creation of dedicated export Commands, saying that the pilot scheme is located in an accessible off-dock facility at Lilly-Pond Ijora Lagos.

Export Commands are being modified to simplify and harmonize documentation while insisting on standardized packaging to make Nigerian goods more acceptable in the international market, the Comptroller-General said.

“Nigeria Customs Service has contributed its quota in the notable economic achievements of this administration over the past 7 years, especially through exemplary accountability that has been the fulcrum of NCS Management,” the Comptroller-General said.

The purpose of this briefing was to highlight some of the incentives and critical policy initiatives introduced by the Comptroller General and his Management team to support the vision of Mr. President and his administration to further grow the economy and sustain the anti-corruption fight.

Ali said that the NCS multi-strategy approach has yielded record seizures with total Duty Paid Value of N188.626 billion on all prohibited and offensive items.

COVER

DAILY ASSET Appoints Torough, Editor, Names Eze, Deputy

Published

on

Share

By Laide Akinboade, Abuja 

As part of efforts to reposition the newspaper for optimum corporate performance, the management of Asset Newspapers Limited, Publishers of DAILY ASSET, has announced the appointment of David Torough as the Editor of the Abuja-based national daily.

A statement by the management said the appointments were part of the company’s new strategy to further penetrate the various states in the country and raise its readership and patronage.

“DAILY ASSET is widely acceptable across the country and to maintain our leadership position, we need to increase management presence, hence the need to create new Bureau offices in some locations outside Abuja and Lagos,” the statement quoted the Publisher/ Editor-in-Chief, Dr Cletus Akwaya to have said.

In a statement yesterday, Publisher and Editor-in-Chief of the fast-growing daily, Dr. Cletus Akwaya said the appointment was part of the new strategy to properly situate the paper for better productivity.

“DAILY ASSET has a commitment with the Nigerian people. We are determined to weather the storm and give Nigerian readers a Newspaper that satisfies their yearnings and reading pleasure and we can only do that with the right set of professionals,” the statement said.

Akwaya, a former Commissioner of Information from Benue State said the difficult times being faced by Nigerians posed a great challenge to the media as the people deserved credible information with which to make choices.

“We have a bond with the people, to offer credible information at all times in the best tradition of the Nigerian Press and on this scale of objectivity, truth and fairness, we pledge to remain steadfast no matter the challenges,” Akwaya was quoted to have said.

He said the newspaper will maiantin its daily print run and circulation to all states of the federation and urged advertisers to take advantage of the deep penetration of the Daily Asset brand to send their messages.

Torough, the new Editor has had a steady rise in the Newspaper in the last five years.

A graduate of Mass communication of the Benue State University, Makurdi, Torough joined the company in 2022 as Benue State Correspondent. He was spotted for his brilliance and redeployed to Abuja the following year and promoted to Deputy News Editor.  He was subswuently named Deputy Editor of the paper, a position he held until the recent appointment. 

Torough  has  attended several journalistic workshops and trainings to properly equip himself for the task ahead.

The statement also said the Management named Eze Okechukwu as Deputy Editor.

Before his elevation as Deputy Editor, Eze has been Deputy Politics Editor and  DAILY ASSET Newspaper correspondent  covering the Senate, having joined the organization in 2021.

Born on March 10, 1975, Eze holds a Masters Degree in Mass Communication from the Enugu State University of Science and Technology.

Eze began his journalism career with Daily Star, Enugu and later worked with Daily Trust Newspaper, Abuja as sports reporter.

Aside from his journalistic excellence, he has a great deal of passion for sports.

Continue Reading

COVER

Insecurity: Northern Govs, Monarchs Seek Six-month Mining Suspension

Published

on

Share

From Ngutor Dekera, Kaduna and Aliyu Askira, Kano

Northern governors and traditional rulers yesterday called for the suspension of mining activities across the region for six months, blaming illegal mining for worsening insecurity in many states.The resolution was contained in a communiqué issued after a joint meeting of the Northern States Governors’ Forum and the Northern Traditional Rulers’ Council held at the Sir Kashim Ibrahim House, Kaduna.

The meeting, chaired by the Gombe State Governor and NSGF Chairman, Muhammadu Yahaya, had in attendance the 19 northern governors and chairmen of the 19 states’ traditional councils.
The Forum expressed concern over the escalating violence in parts of the North, including the killings and abductions recently recorded in Kebbi, Kwara, Kogi, Niger, Sokoto, Jigawa and Kano states, as well as renewed Boko Haram attacks in Borno and Yobe.
“The Forum extends its deepest condolences and solidarity to the governments and good people of the affected states,” the communiqué said, noting that the attacks on schoolchildren and other citizens had become “unacceptable tragedies” that required urgent collective action.It commended President Bola Tinubu for what it described as the Federal Government’s “firm response” to recent abductions and insurgency threats, especially the rescue of some abducted pupils.The governors also saluted security agencies for their sacrifices on the frontlines.“We resolved to renew our support for every step taken by the President and Commander-in-Chief to take the fight to insurgents’ enclaves in order to end the criminality,” the Forum stated.A major highlight of the meeting was the North’s renewed push for the establishment of state police, with governors and traditional rulers insisting that decentralised policing had become inevitable.“The Forum reaffirms its wholehearted support and commitment to the establishment of state police,” the communiqué added, urging federal and state lawmakers from the region to “expedite action for its actualisation.”On illegal mining, the governors said criminal mining networks were fuelling violence and providing resources for armed groups.As a corrective measure, they asked Tinubu to direct the Minister of Solid Minerals to impose a six-month suspension of mining activities in order to allow for a full audit and revalidation of licences.“The Forum observed that illegal mining has become a major contributory factor to the security crises in Northern Nigeria. “We strongly recommend a suspension of mining exploration for six months to allow proper audit and to arrest the menace of artisanal illegal mining,” it said.To strengthen the fight against insecurity, the governors also announced the creation of a regional Security Trust Fund.Under the proposed arrangement, each state and its local governments will contribute ₦1bn monthly, to be deducted at source under an agreed framework.They said the fund would help provide sustainable financing for joint operations, intelligence-driven interventions and coordinated security responses across the region.At the end of the meeting, the Forum reaffirmed its commitment to unity and collective responsibility.“Only through unity, peer review and cooperation can we overcome the pressing challenges before us,” it declared.The Forum agreed to reconvene on a date to be announced.Meanwhile, Nigeria’s worsening security crisis took a grim turn on Monday as bandits launched fresh attacks in Kano State, abducting 25 villagers, even as the Federal Government raced to secure the release of more than 300 Catholic school children kidnapped in Niger State.In the early hours of Monday, armed bandits invaded Unguwar Tsamiya—popularly called Dabawa—in Shanono Local Government Area of Kano State, whisking away nine men and two women after shooting into the air and assaulting residents. The attackers also rustled two cows.A resident lamented the community’s helplessness: “We cannot do otherwise; most of us cannot leave because we have nowhere to go. This is our place, our land and everything is here.”The assault came less than 24 hours after a similar attack on Yan Kamaye in Tsanyawa LGA, a community along the volatile Katsina border.In Niger State, National Security Adviser Nuhu Ribadu has assured distraught families of St. Mary’s Co-Education School, Kontagora that the more than 300 students and staff abducted on November 21 will return home “soon.” Ribadu, who led a high-level federal delegation to the school on Monday, said the abductees are safe, though he offered no specifics on their location or the status of rescue operations.According to Daniel Atori, spokesman for the Catholic bishop overseeing the school, the NSA reassured officials: “The children are where they are and will come back safely.”The St. Mary’s attack is part of a worrying resurgence of mass kidnappings reminiscent of the 2014 Chibok schoolgirls’ abduction. Security analysts warn that banditry has evolved into a “structured, profit-seeking industry,” with hundreds of Nigerians abducted in November alone.The Kontagora school abduction occurred the same week 25 girls were kidnapped in Kebbi State—victims who authorities say have since been rescued through “non-kinetic” means. About 50 of the St. Mary’s hostages have also managed to escape.Ribadu’s delegation, which included the Minister of Humanitarian Affairs and the Director-General of the Department of State Services (DSS), reaffirmed the government’s commitment to securing the freedom of all abducted citizens.As communities from Kano to Niger continue to bear the brunt of these violent incursions, the escalating spate of kidnappings underscores the urgent national demand for a more decisive and coordinated security response.

Continue Reading

COVER

Abacha Loot Probe: Malami Faces EFCC Panel Daily in December

Published

on

Abubakar Chika Malami SAN Attorney General
Share

By David Torough, Abuja

The Economic and Financial Crimes Commission (EFCC) said former Attorney‑General of the Federation and Minister of Justice,  Abubakar Malami, will face a team of interrogators at its office daily throughout December.A credible source in the EFCC said on Monday that the daily appearance was part of an ongoing investigation into the whereabouts of an alleged 490 million dollars Abacha loot secured through a Mutual Legal Assistance (MLAT) request.

The source said that Malami, who was summoned for interrogation by the EFCC on Saturday, was barred from leaving Nigeria for the next one month.According to the source, one of the conditions for his release on Saturday was that he should report daily to the EFCC Headquarters in Abuja for further interrogation.
The source said Malami would have to appear daily at the anti-graft office due to the volume of the investigation and the seriousness of the charges against him.”We seized his passport, it is the normal routine during investigation, but he has to report at the EFCC headquarters in Abuja every day for the next month.”He will be reporting for further investigation throughout December.”He will be reporting every day, starting from Dec. 1st to Dec. 31st.He will appear before the team of investigators for the entire month of December.”He will be reporting to EFCC for investigation for the period because of the volume of the investigation and the seriousness of the charges against him,” the source added.According to the source, a fact sheet on the former minister revealed that Malami had several issues to clarify with the EFCC within the coming weeks.“We have asked him to explain the whereabouts of the $490 million Abacha loot secured through MLAT.“We didn’t say he stole money, but he should account for the loot. This is one of the issues he will clarify to our investigators.”The commission cited the large volume of documents he must review and the need for extensive interviews as reasons for seizing his passport.The source said EFCC would not engage in a war of words but would release its findings after a thorough investigation.Malami, in a statement by his media aide, Mohammed Doka, on Monday in Abuja, however, described the EFCC investigation as a political witch‑hunt.He confirmed he honored an EFCC invitation on Nov. 28, describing the engagement as fruitful and expressing confidence that the probe would vindicate him.Malami described the EFCC’s allegations as baseless, illogical and devoid of substance, insisting they collapse under factual scrutiny.

Continue Reading

Advertisement

Read Our ePaper

Top Stories

Foreign News1 hour ago

Hong Kong votes in Election as City Mourns Deadly Fire

ShareHongkongers are voting in an election seen as a test of public sentiment following a deadly fire that angered some...

NEWS1 hour ago

PDP Crisis: Wike Camp Moves to Conduct Fresh Congresses, Convention

ShareBy Laide Akinboade, Abuja The factional Board of Trustees (BoT) of the Nyesom Wike tendency in the Peoples Democratic Party...

OPINION9 hours ago

Is Community Parenting Still Relevant?

ShareBy Dorcas Jonah In the Nigerian culture, extended families and communities play a crucial role in care-giving, instilling values, and...

EDITORIAL9 hours ago

Tinubu’s Ambassadors Should Undergo Rigorous Senatorial Scrutiny

ShareMore than two years after terminating the services of all ambassadors, appointed by the previous administration; precisely on September 2,...

SPORTS9 hours ago

Former Liverpool Co-owner Hicks Dies at 79

ShareFormer Liverpool co-owner Tom Hicks has died at the age of 79. The American, who owned the club alongside George...

BUSINESS9 hours ago

NGX Says Reforms Set to Strengthen Nigeria’s Investment Climate

ShareChairman, Nigerian Exchange Group (NGX), Dr Umaru Kwairanga, said ongoing regulatory reforms are positioning țhe nation’s capital market to attract...

Uncategorized10 hours ago

Adebayo, Obi Have Capacity, Knowledge Determination to Lead Nigeria – Pastor Ituah Ighodalo

SharePastor Ituah Ighodalo is a prominent man of God who supritends Trinity House, a non denominational Christian fellowship centre. He...

NEWS10 hours ago

SDP Leader, Adebayo Celebrates Tanko Yakasai at 100

ShareBy Mike Odiakose, Abuja The National leader and former presidential candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo,...

POLITICS10 hours ago

PDP BoT Vows to Restore Confidence, Holds

ShareBy Laide Akinboade, Abuja The Peoples Democratic Party (PDP) Board of Trustees (BoT), Wike’s fraction on Sunday, vowed to restore...

POLITICS10 hours ago

LP Reps Accuse Tinubu, APC of Choosing 2027 over Citizens’ Security, Welfare

ShareBy Ubong Ukpong, Abuja The Labour Party Caucus in the House of Representatives has accused President Bola Tinubu and his...