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Customs, CBN clash over e- valuation, e-invoice policy

The Nigeria Customs Service (NCS) and the Central Bank of Nigeria (CBN) have expressed divergent views over the introduction of e-valuation, e-invoice policy for import and export introduced by the apex bank.

Both agencies of government expressed contrary opinions over trade policy last week when their representatives  appeared before the House of Representatives Committees on Customs and Excise, as well as Banking and Currency to address issues arising from the introduction of the new system by the CBN

The CBN explained that the new policy would block leakages and generate more revenue for the government.

The Customs Service, however, countered their claim on grounds that it was in violation of the existing law, insisting it did not follow due process and would hinder trade as well.

In their submission, the Manufacturers Association of Nigeria (MAN) said the apex bank was too hasty in implementing the policy without inputs from relevant stakeholders.

The CBN had issued a circular that the new system would kick off on February 1, 2022, but the House had on January 27, 2022, suspended it and directed the apex bank to adopt a 90-day timeline for the implementation of fiscal measures to avoid destabilising effects on the economy.

Director, Trade and Exchange, Dr. Ozoemena Nnaji, who represented the CBN, said the new system was seamless and integrated with the import and export process in a manner that does not hamper any of the stakeholders.

“This would be one way of ensuring what we should earn in trade comes to us without loss of foreign and duties.

” The main aim is to ensure that we allocate our scarce foreign exchange resources to imports and we collect the export duties and transaction values due to us at valued market rates,” she stated.

She also revealed that an analysis of trade invoicing in Nigeria in 2014, shows that the potential loss of revenue to the government was approximately 2.2 billion for the year.

This amount, she says, represents four percent of total annual government revenue (as reported by the IMF), and fifteen percent (approximately) of the country’s total trade.

On his part, the Assistant Comptroller-General of the Customs Service, Galadima Saidu, said the new CBN policy was in violation of the World Trade Organisation’s Facilitation Agreement (WTO TFA) of which Nigeria is a signatory.

“The introduction of the CBN initiative is against Article 7 of General Agreement on tariff and trade 1994 and Article 1, 2 and 6 of the WTO TFA. The agreement aims for a fair, uniform, and neutral system for the valuation of goods for Customs purpose and it conforms to commercial realities and which outlaws the use of arbitrary or fictitious customs values.

Nigeria is a signatory to the WTO trade facilitation agreement. The agreement is legally binding with punitive measures that would adversely affect the Nigerian economy.”

He added that WTO agreement emphasises the need for a timeframe for the publication of any additional fees or charges, hence the CBN’s circular introducing the policy dated 21st January 2022, with an effective date of 1st February 2022 violated this.

He further pointed out that the use of bench-marking in valuation would negate the aim of the agreement on Customs valuation and would result in delays and uncertainties.

“The use of bench-marking in valuation would negate the aim of our agreement on Customs valuation and would result in delays and uncertainties. The use of benchmarking in valuation was abolished due to the dynamic nature of pricing, especially in this current time when technology is rapidly evolving,” he said.

Saidu claimed that the Customs Service was only informed through newspaper publications about the introduction of the policy and effective date of the CBN initiative, as there was no consultation done prior to the release to the public.

He also said the window which is just 10 days apart, is too short and would disrupt the trade supply chain and revenue collection

“The introduction of additional fees and or charges and procedures though the e-evaluating and e-invoicing would definitely set back Nigerian traders and adversely affect Nigerian economy which has struggled to recover from two recessions in the past five years.

It would not be in the best interest of CBN, NCS, or the Nigerian Government to proceed with any initiative that would hinder Nigerian traders from being able to compete in these trying times,” he said.

Earlier, the representative of MAN, Folurunsho Adeyemi, said there is a need to ensure the CBN doesn’t go ahead with implementing the policy without accommodating constructive inputs of stakeholders, especially those whose businesses would be negatively impacted.

This, he said, is necessary to ensure the government does not create a regime of chaos that would decelerate the already low level of activity in the economy.

The Joint Committee Chairman, Leke Abejide (ADC, Kogi), in his ruling directed the CBN and Customs Service to harmonise their differing opinions on the import/export electronic invoice policy and report back on March 17, 2022, for further action.

He also said the policy remains suspended until they report back and conclude on the matter.

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Customs

Ogun Customs spurns claims of Smugglers’ takeover of Idiroko–Sango Ota trading Route

Funso OLOJO, Editor

The Ogun I Area Command of the Nigeria Customs Service (NCS) has dismissed as false reports alleging that smugglers had taken over the Idiroko–Sango Ota trading route in Ogun State, describing the claims as a deliberate misrepresentation of a traffic incident.
In a statement issued by the Command’s Public Relations Officer, Superintendent of Customs (SC) Chado, the Command clarified that the traffic gridlock on the route resulted from the breakdown of an articulated commercial trailer after it fell into a badly deteriorated section of Atan Road, temporarily obstructing the free flow of traffic.
According to the Command, the vehicles caught in the ensuing congestion were legitimate commercial trucks transporting red palm oil to various local markets and had no connection whatsoever with smuggling activities.
It explained that the large number of heavy-duty trucks trapped in the gridlock may have led some members of the public to wrongly conclude that smugglers had taken over the road.
“The reports that smugglers blocked the road are inaccurate. The disruption resulted from a road accident and poor road conditions. The vehicles involved were lawful commercial vehicles transporting red palm oil for legitimate trade,” Chado stated.
The Command urged journalists, social media users and the general public to verify information before disseminating reports capable of creating unnecessary panic or undermining public confidence in security agencies.
Observers within the border trade sector noted that the allegation does not reflect the prevailing security situation within the Ogun I Area Command, where anti-smuggling operations have been intensified under the leadership of the Acting Customs Area Controller, Comptroller O.O. Afeni.
Since assuming office, Comptroller Afeni has strengthened intelligence-driven surveillance, enhanced collaboration with other security agencies and host communities, and sustained pressure on economic saboteurs operating along the Ogun border corridors.
These measures, according to stakeholders, have resulted in significant seizures of prohibited goods and reinforced the Command’s resolve to safeguard Nigeria’s economy and territorial integrity.
Maritime and border trade stakeholders also cautioned against the spread of unverified information capable of undermining the efforts of security personnel or creating a false impression of lawlessness in border communities.
They stressed that while combating smuggling remains an ongoing responsibility, responsible and accurate reporting is equally critical to ensuring that operational achievements are not overshadowed by misinformation.
The Ogun I Area Command reaffirmed its commitment to sustaining its anti-smuggling campaign while facilitating legitimate cross-border trade in line with the statutory mandate of the Nigeria Customs Service.

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Customs

Customs puts smiles on faces of 4,237 retirees as Adeniyi releases N7.61bn to 9 PFAs for payment

Funso OLOJO, Editor

The Nigeria Customs Service (NCS) has disbursed N7.61 billion to nine Pension Fund Administrators (PFAs) for the payment of retirement benefits to 4,237 retired Customs officers, reaffirming its commitment to the welfare of its former personnel.

Comptroller-General of Customs (CGC), Adewale Adeniyi, disclosed this during a dialogue with retired officers held on Tuesday, July 14th, 2026, where he announced that the funds had already been released to the PFAs for immediate credit to the retirees’ individual Retirement Savings Accounts.

According to the beneficiary breakdown, Premium Pension has the highest number of beneficiaries with 2,268 retirees, followed by Access-ARM Pension Managers with 1,223.

Leadway Pensions will pay 403 retirees, TrustFund Pensions 156, FCMB Pensions 144, Veritas Glanvills Pensions 28, Norrenberger Pensions 11, while Fidelity Pension Managers will pay four retirees, bringing the total number of beneficiaries to 4,237.

Addressing the retirees, Adeniyi stressed that the Customs Service remains committed to ensuring the welfare of both serving and retired officers, noting that the institution’s future is closely tied to how it treats those who devoted their careers to its service.

He said the Service must remain financially strong and capable of meeting its obligations, emphasizing that retirees deserve dignity and timely access to their benefits.

The CGC also called for sustained engagement between the Service and its retirees, explaining that the dialogue was convened to address concerns, foster mutual understanding, and dispel misinformation.

“I acknowledge your concerns and suggestions, and it is in view of this that we convened this dialogue to promote better understanding and reduce the effect of rumours and unofficial information on the relationship between the Service and its retired personnel,” Adeniyi said.

Also present at the meeting were the Deputy Comptroller-General of Customs in charge of Human Resources Development, DCG Tijjani Abe, and other members of the Customs Management Team, who assured the retirees that the issues raised would receive due consideration at both the Board and Management levels.

The retired officers commended the Comptroller-General and the Management for creating a platform for direct interaction, describing the engagement as timely and beneficial.

They appealed for the dialogue to become a regular feature to strengthen the bond between the Service and its retired workforce.

The meeting comes against the backdrop of ongoing Federal Government efforts to improve pension administration, following plans to review relevant statutory provisions, including Section 15(4) of the Pension Reform Act 2014, in line with Section 173(3) of the 1999 Constitution (as amended), with the aim of enhancing the welfare of pensioners across the public service.

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Customs

Apapa Customs intercepts ₦26.57bn cannabis hidden in imported vehicles

Gloria Odion Maritime reporter 

The Nigeria Customs Service (NCS), Apapa Area Command, has dealt a major blow to drug trafficking networks with the interception of 4,143.5 kilograms of Cannabis Indica valued at ₦26.57 billion, cleverly concealed inside a 40-foot container carrying imported used vehicles.

The illicit consignment was uncovered during a joint examination conducted by officers of the Nigeria Customs Service and the National Drug Law Enforcement Agency (NDLEA) at the Command’s Enforcement Unit.

The interception followed credible intelligence, which prompted the Customs Area Controller (CAC), Comptroller Emmanuel Oshoba, to order a comprehensive examination of 40-foot container No. FANU1933352.

The operation, carried out on Friday, July 10, 2026, led to the discovery of one of the largest cannabis seizures recorded at the nation’s premier port.

The container had been declared to contain three used vehicles—a 2015 red Nissan Micra, a 2019 black Toyota Corolla S, and a 2015 grey Toyota Corolla.

However, a meticulous inspection revealed 162 bags containing 8,287 parcels of Cannabis Indica, each weighing 500 grams, bringing the total weight of the narcotics to 4,143.5 kilograms.

Investigators found that four of the bags had been concealed inside the red Nissan Micra, while the remaining 158 bags were strategically hidden beneath the container floor and in the spaces between the three vehicles.

No narcotics were found inside either the black Toyota Corolla S or the grey Toyota Corolla.

Speaking on the seizure, Comptroller Oshoba described the interception as another demonstration of the Apapa Area Command’s unwavering resolve to prevent the importation of prohibited items, particularly illicit drugs that threaten public health, national security, and the economy.
He noted that the successful operation aligns with the zero-tolerance policy of the Comptroller-General of Customs, Dr. Bashir Adewale Adeniyi, MFR, against smuggling and all forms of illicit trade.

The Customs Area Controller reiterated the Command’s commitment to facilitating legitimate trade while sustaining robust enforcement against prohibited and restricted imports.

He also commended the officers involved for their professionalism, vigilance, and dedication.

“This seizure once again demonstrates our unwavering commitment to ensuring that only legitimate trade thrives at Apapa Port,” Oshoba said.

“As investigations continue, we remain resolute in making the port inaccessible to those engaged in unlawful activities prohibited by our laws.

“I also wish to reassure our compliant traders of our continued support. They will continue to benefit from the trade facilitation measures introduced by the Comptroller-General of Customs to promote seamless and legitimate business operations.”

Following the interception, Comptroller Oshoba ordered the seizure of the container in accordance with the provisions of the Nigeria Customs Service Act, 2023, and other relevant laws.

The seized Cannabis Indica will subsequently be handed over to the National Drug Law Enforcement Agency (NDLEA) for further investigation, prosecution of those involved, and other necessary legal actions.

The seizure underscores the growing synergy between the Nigeria Customs Service and the NDLEA in combating transnational organised crime, particularly the trafficking of illicit drugs through the nation’s seaports, while reinforcing the Federal Government’s commitment to safeguarding Nigeria’s borders and protecting the public from the devastating effects of narcotics.

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