Customs
House of Reps. threatens to suspend Customs’ VIN over uncoordinated valuation method
The House of Representatives Committee on Customs and Excise has picked holes in the controversial Vehicles Valuation policy (VIN) policy of the Nigeria Customs Service.
Presenting the report, Hon. Abejide, disclosed that the committee had observed how the impasse over VIN valuation was causing
The committee also lamented how the issue was affecting revenue generation at Tin Can Island Port, Lagos which depends more on vehicle imports revenues.
“Revenue of the command is fluctuating due to VIN Valuation that is said to be of two types: standard and non-standard.
“This creates problems for operators of the command being an automobile port as importers abandoned their vehicles while some diverted to other neighbouring countries.
“Some refused to ship. The command may face dwindling revenue in a short while. If the VIN can’t be streamlined into one within this week, the committee will recommend for its suspension pending (the time) it works as one system.” the report stated.
Based on their years of manufacturing, VIN is the system used by customs to collect duty on vehicles imported into the country.
Customs
Relief as Customs grants January 31st, 2026 extension for fast track operators to migrate to AEO
Customs
Again, Customs, NDLEA Collabo intercepts 2,374 packages of Canadian Loud at Apapa Port

Customs
Comptroller Aliyu vows to sustain onslaught on smugglers as he assumes duties at FOU A
-
Headlines2 months agoNRC police tracks down mastermind of railway vandalism in Kaduna
-
Headlines2 months agoDenmark, Nigeria seek new areas of collaboration on maritime development
-
Headlines4 weeks agoEx-NIWA boss, Oyebamiji, emerges most media-friendly CEO in maritime industry
-
Headlines3 months agoNigeria dazzles Dominguez, IMO scribe, with practical demonstration of deep blue assets capabilities.
-
Headlines2 months agoWater Hyacinth: An imported invasive aquatic menace NIWA is determined to fight in Nigeria
-
Headlines3 months agoLagos government deploys 78 high-capacity electric ferries to kick- start launch of Omi Eko project
