News - News Agency Of Nigeria

Revenue Leakages: Reps panel demand pre-shipment records from key agencies (Page 146)

By EricJames Ochigbo

An Ad hoc Committee of the House of Representatives has asked relevant government agencies to provide all necessary documents on pre-shipment inspection of exports and the non-remittance of crude oil proceeds.

The agencies include the Nigeria Customs Service (NCS), the Nigerian Ports Authority (NPA), the Central Bank of Nigeria (CBN) and the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA)

The Chairman of the committee, Rep Seyi Sowunmi (LP-Lagos) gave the directive at a public hearing in Abuja on Wednesday.

He said that the document already submitted were not up to date saying that the committee needed to be updated before the next date of appearance.

The lawmaker said that the investigation was crucial as it seeks to address some the issues making the country to lose the needed revenues through leakages.

“Part of the problems President Bola Tinubu is trying to solve is revenue leakage; we should account for every Naira that accrues to the nation. And that is what this committee seeks to achieve,” he said.

He said that all relevant the agencies will be informed on the dates to appear before the committee and when to submit the needed comprehensive documents requested for.

In his remarks, the Comptroller General, Nigeria Customs Service (NCS), Mr Bashir Adeniyi explained the role of the service in line with its establishment Act and other extant laws of the country.

Represented by the Deputy Comptroller General (DCG) Mrs Caroline Diagwan,Adeniyi said that the service only ensure documents tally at the point of exports saying that collection of duties is outside the purview of the agency.

“We make sure that those documents tally with what has been exported at the point of export. So we do examination as well as physicalisation of food.

“That is the role we play, we make sure that what is being exported tallies with the documents sent to us by the Central Bank of Nigeria (CBN) and NXP Semiconductors and then the export permit from Nigerian Upstream Petroleum Regulatory Commission (NUPRC)

“We are there at the point of inspection. After inspection, that’s when they do the exportation. Customs are there with other government agencies.

“We do not collect export duties, actually. And we do not really know how much money they are paying to the government, because that is not our purview,” he said.

The CBN Governor, Mr Yemi Cardoso said that the apex bank acts as the rallying point of the activities of the other agencies through platforms that process the data and information.

Represented by a Director of the apex bank, Dr Musa Nakurji, Cardoso said that the Act of 1992 of the CBN saddled the agency with the responsibility of the administrative side of pre-shipment inspection.

He said that the pre-inspection Act, does not give the apex bank powers to appoint the pre-inspection agent.

On his part, the Managing Director, Nigerian Port Authority (NPA) Dr Abubakar Dantsoho explained that the authority appoints agents that are stationed at export terminals that relay all the information to the agency.

Represented by the General Manager (GM) Tariff, Mr Ibrahim Lookman Dantsoho said that the NPA works hand-in-hand with the other government agencies as provided by law and it has a defined jurisdictional role in what it does at the export termminals.

In his submission, a Director with The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Dr Emmanuel Akeh explained that, the organisation is the umbrella body of chamber of commerce in the country.

He said though the organisation does not have any role in Crude oil exports, it only issues certificates of origin which is a trade document to non-oil exports to certify their originality and authenticate the products going out of the country. (NAN) (www.nannews.ng)

EOO/SH

=======

Edited by Sadiya Hamza

Revenue Leakages: Reps panel demand pre-shipment records from key agencies

By: Nefisetu Yakubu

On: March 5, 2026

In: Politics

With: 0 Comments

By EricJames Ochigbo An Ad hoc Committee of the House of Representatives has asked relevant government agencies to provide all necessary documents on pre-shipment inspection of exports and the non-remittance of crude oil proceeds. The agencies include the Nigeria Customs Service (NCS), the Nigerian Ports Authority (NPA),Continue Reading

Lagos APC Chairman vows not to take fresh mandate for granted

By: Nefisetu Yakubu

On: March 5, 2026

In: Politics

With: 0 Comments

By Adeyemi Adeleye Pastor Cornelius Ojelabi, the Lagos State Chairman of the All Progressives Congress (APC), has vowed not to take his re-election for another four-year term for granted. Ojelabi made the pledge in a statement on Wednesday in Lagos, titled “Thank You Lagos, IContinue Reading

Reps threaten to arrest BOI MD over failure to appear before committee

By: Nefisetu Yakubu

On: March 5, 2026

In: Politics

With: 0 Comments

By EricJames Ochigbo An Ad hoc Committee of the House of Representatives has threatened to issue arrest warrant on the Managing Director of Bank of Industry (BOI), Dr Olasupo Olusi, following his failure to appear before it to account for performance of funds in the bank. TheContinue Reading

Wike promises C of O to indigenous people of FCT

By: Philip Daniel Yatai

On: March 4, 2026

In: Metro

With: 0 Comments

By Philip Yatai Minister of the Federal Capital Territory (FCT), Nyesom Wike, has promised to issue Certificate of Occupancy (C of O) to the indigenous people of FCT, living on their ancestral land. Wike made the promise on Wednesday, during a thank-you visit to the people of Abuja Municipal AreaContinue Reading

INEC presents certificates of return to AMAC chairman, others

By: Funmilayo Adeyemi

On: March 4, 2026

In: General News, Metro

With: 0 Comments

By Philomina Attah The Independent National Electoral Commission (INEC) on Wednesday presented certificates of return to the newly re-elected Chairman of the Abuja Municipal Area Council (AMAC), Christopher Maikalangu, and his Vice, Mohammed Nadabo. It also presented the certificates to other winners of the Feb. 21 Area Council elections. TheContinue Reading

Engineering expert establishes STEM initiative in IDP camp

By: Magdalene Ukuedojor

On: March 4, 2026

In: Education

With: 0 Comments

By Angela Atabo Dr Atinuke Owolabi, a member of the North Central Development Commission representing the Southwest, has established a 10-year Science, Technology, Engineering and Mathematics (STEM) empowerment initiative for Internally Displaced Persons (IDP) children. Owolabi, who is also a Society for Women Engineers (SWE) Ambassador in the United States,Continue Reading

NICA lauds CREDICORP board, advocates higher capital for credit institutions

By: Magdalene Ukuedojor

On: March 4, 2026

In: Economy/Business

With: 0 Comments

By Grace Alegba Prof. Chris Onalo, Registrar/Chief Executive Officer, National Institute of Credit Administration (NICA), has described the inauguration of the board of the Nigerian Consumer Credit Corporation (CREDICORP) as a positive development. The News Agency of Nigeria (NAN) reports that the Federal Government on Thursday inaugurated the board ofContinue Reading

N1.43bn Safety Net: Boosting NCoS’ staff welfare and retirement security

By: Magdalene Ukuedojor

On: March 4, 2026

In: Features

With: 0 Comments

By Ibironke Ariyo, News Agency of Nigeria (NAN) The morning sun filtered through the window of Mrs Esther Okoro’s modest home in Kaduna. She clutched an envelope containing a Correctional Welfare Insurance Scheme (CWIS) death benefit payout, her children playing quietly in the corner. Months of anxiety and uncertainty vanishedContinue Reading

CBN diversifies reserves with $3.5bn locally sourced LBMA gold

By: Abdulrahman Kadiri

On: March 4, 2026

In: Economy/Business

With: 0 Comments

By Grace Alegba Lagos, March 4, 2026 (NAN) The Central Bank of Nigeria (CBN) has taken delivery of responsibly sourced gold refined to London Bullion Market Association (LBMA) Good Delivery standards into its foreign reserves. A statement by the apex bank on Wednesday said that this brings the CBN’s totalContinue Reading

Organisation empowers 380 widows, orphans in Ibadan

By: Magdalene Ukuedojor

On: March 4, 2026

In: General News

With: 0 Comments

By Suleiman Shehu A non-governmental organisation, Channel for Widow Relief Initiative (CWRI), has empowered no fewer than 380 widows, orphans, and the less privileged in Ibadan with cash and food items. The News Agency of Nigeria (NAN) reports that the empowerment was carried out during CWRI 15th edition of Ramadan GiveawayContinue Reading

Follows Us

Revenue Leakages: Reps panel demand pre-shipment records from key agencies (Page 146)