Headlines
Fadahunsi calls for restructuring of NPA as he tasks FG to set N6trn revenue target for customs
He said unless President Tinubu gives necessary instructions to relevant security and military agencies, the country would continue to bleed in terms of revenue leakages.
“Some International oil companies and highly influential Nigerians are behind the crude oil theft in Nigeria. It did not start today, the practice has been on for a long time.
“Unfortunately, the management of the Nigerian National Petroleum Company Limited is doing nothing spectacular to stop the theft.
“Each of the affected IOCs has separate channels with which they are siphoning crude to waiting vessels on the high seas with the active connivance of the military and security operatives saddled with the responsibilities of protecting the nation’s oil assets.
“If the practice continues unchecked, Nigeria will continue to experience a shortage in its daily oil production quota.
“Some highly influential Nigerians in and outside government are also smuggling crude with smaller vessels through the Benin Republic en route Lagos.
“Many powerful Nigerians in and outside the government also operate big departmental stores selling foreign products and they failed to pay duties on their goods.
“If President Bola Tinubu could focus special attention on Customs, the country would generate enough revenue for the nation.
“The President needs the support of competent, experienced professionals in both the executive and the legislature to stop the massive revenue leakages the country is currently experiencing.”
He decried the proposed planned merger of the Federal Inland Revenue Service with the NCS and Nigerian Maritime Administration and Safety Agency (NIMASA)
“The President should give customs, a target of N6trn per annum. The service has highly trained personnel that could meet the target
“Customs alone can generate the revenues the country needs to service its debts.
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