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Nigeria records N177.2 billion drop in vehicle importation to VIN valuation implementation in 6 months

—- as importation of used cars dropped 
Customs brokers kick
The Eyewitness reporter

The Federal Government may have lost a whopping sum of N 1772.2 billion in revenue in the first half of the year to the implementation of the Vehicles Identification Number (VIN) valuation policy of the Nigeria Customs Service.

It could be recalled that the policy, which seeks to harmonise the tariff system on all imported second-hand vehicles into the country, was first introduced in January 2022.
The VIN valuation system was introduced for the purpose of allocating standard values to all vehicles coming into Nigeria. According to the NCS, the system automatically determines the value of import duty payable on a vehicle immediately the vehicle goes through a dedicated scanning machine.
But due to the outcry and agitation of freight forwarders over some perceived imperfections, the policy was suspended, reviewed and relaunched in May 2022.
However, the implementation of the policy has led to astronomical increases in the tariff of tokunbo vehicles as high as 200 percent.
 This has led to a sharp decrease in the importation of the item arising from the implementation of the policy by the Customs.
According to the data released by the National Bureau of Statistics (NBS), the number of used cars imported into Nigeria dropped in the first half of 2022 by N177.2 billion
The statistics show that N72.3bn and N96.7bn worth of used vehicles were imported in the first and second quarters of 2022.

In comparison, during the same period of 2021, N174.2 billion worth of used cars were imported in Q1 and N172 billion in Q2.

Analysts claimed that the drop might not be unconnected with the introduction of the VIN policy by Customs for proper valuation of imported used vehicles.

Importers had challenged the Nigerian Customs Service over the implementation of the VIN Valuation policy.

They noted that the scheme had increased the cost of clearing vehicles at the various ports of the country.

The costs of used vehicles, popularly known as Tokunbo, imported into Nigeria dropped in the first half of 2022 (January to June) by N177.2 billion, according to data released by the National Bureau of Statistics (NBS).

Data from NBS titled ‘Foreign Trade in Goods Statistics’, showed that N72.3 billion and N96.7 billion worth of used vehicles were imported in the first and second quarter of 2022 respectively, which amounted to N169bn.

In comparison, Nigerians spent N346.2 billion to import used vehicles during the same period of 2021, including N174.2 billion worth of used cars in Q1 and N172 billion in Q2.

Also, in the second half of 2021, N185.4 billion and N85.7 billion were spent on used vehicles in Q3 and Q4 respectively, which amounted to N271.1 billion.

The drop in the cost of used cars imported into the country might be connected with the introduction of the Vehicle Identification Number (VIN) early this year for proper valuation of imported used vehicles.

Customs brokers have claimed that the policy has led to a drop in the importation of second-hand vehicles with the attendant drop in revenue to the federal government.
They urged the government to abide by the auto policy and ensure that used vehicles from 2010 were allowed to pay normal duties, rather than the 2013 duties which were imposed on all imported vehicles.

The National Automotive Industry Development Plan Bill, popularly known as Auto Policy, is central to the development of the automotive industry.

 The NAIDP represents the Federal Government’s boldest step at reviving local car assembly in over three decades, according to experts.
The policy, which was introduced in 2014, seeks to encourage local manufacture of vehicles while phasing out the importation of used vehicles. The policy classifies private vehicles above 15 years as overage vehicles.
The Acting National President of the Association of Nigerian Licensed Customs Agents, Mr. Kayode Farinto, said that VIN was supposed to recognize vehicles from 2010 instead of those from 2013 upwards.
He said that the policy had made a lot of people consider bringing in vehicles through unapproved routes.

“What happens is that they started their valuation from 2013. I remember sending a letter to the CG of Customs about this particular issue.

” I told him it was wrong that the policy was for 12 years. They are supposed to start from 2010 or 2011 and up till now, they have not reversed it, which is very bad.
“The issue of the year is a very big one and that is what is discouraging the importation of used vehicles, with people bringing in these vehicles through unapproved routes like Cotonou.
” If the Comptroller General of the Customs works with the Federal Government on that and brings down the VIN valuation to 2011 or thereabout, it will be fine. The loss is big because since they started the VIN valuation, they have not reversed it.”
The National President of the National Council of Managing Directors of Licensed Customs Agents, Mr Lucky Amiwero described the VIN valuation policy as illegal.
“VIN is not legal; it is not a procedural thing anywhere in the world”. he declared.
” Vehicle Identification Number is chassis number and it is not tied to valuation. What Customs have done is in contravention of the law.
” There is a law, Act 20 0f 2003, passed through the Nigerian Shippers Council. That is the law that is based on value. The Customs do not have any other right to put value.”, Amiwero noted.

He said that the VIN had created more problems, noting that the government needed to intervene, if not there would be more problems.

“What they have done is that they are creating a lot of problems. They call it VIN valuation, but it is wrong. It is the vehicle identification number, which is the chassis number.

” It has nothing to do with valuation. The government will lose more if the government does not intervene. I have written to the government on this issue to tell them that what they are doing is wrong.
“What they are doing is illegal. Customs don’t have the right to implement VIN without passing through the National Assembly. It is not legal, it has no legal bearing, and the sooner the government goes back to what they were doing the better.
“Customs introduced that thing and it has created a lot of revenue setbacks for the government. The government should look at it seriously and reduce it and cancel the VIN. It is illegal and should be canceled.”, Amiwero declared.

Meanwhile, a member of the National Association of Government Approved Freight Forwarders, Nnadi Ugochukwu, accused the government of punishing people unnecessarily with the policy.

He said that the government was forcing people to pay for vehicles of nine years old and above instead of the 15 years the law stipulated.

According to him, “The government policy is 15 years, so, it is supposed to start from 2008 for private vehicles.

“So, the government is punishing people unnecessarily, breaking the laws that they made. Is it not the government that said the policy is 15 years now? When you come, they won’t allow you to pay for the 15 years but will make you pay as if the vehicle is nine years old.”

But the Federal Government, through the Minister of Finance, Budget and National Planning, Zainab Ahmed, stated that the VIN which is under the National Vehicle Registry (VREG) was to increase revenue and curb smuggling and other criminal activities.

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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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