National Economy
Sunday, June 22, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Lead-In Cover

Lagos Port: Imported Vehicles Trapped Over Suspension Of Terminal Operator

by Yusuf Babalola
3 years ago
in Cover, News
Reading Time: 2 mins read
Lagos Port,Imported Vehicles Trapped Over Suspension Of Terminal Operator
Share on FacebookShare on TwitterShare on Telegram

Thousands of imported used and new vehicles are currently trapped at the Five Star Logistics Ltd, operator of terminal D at the Tin Can Island Port Complex, Lagos after the Nigeria Customs Service (NCS), removed the terminal operator from its portal over N97.3million indebtedness.

NATIONAL ECONOMY reports that the public relations officer of the Tin-Can Island Command of the Customs Service, Uche Ejisieme, disclosed that, in the course of investigation and auditing, the system revealed an unpaid accumulated amount, hence, the reason for the blockage of the terminal.

“I can authoritatively confirm to you that the Service has blocked the exit access for Five-Star Logistics following an investigation that led to the discovery of unpaid assessment to the tune of N97.3million,” the Command’s spokesman declared.

However, speaking to NATIONAL ECONOMY on the debt and consequences of the blockage, the acting president, Association of Nigerian Licensed Customs Agents (ANLCA), Kayode Farinto, however, warned the terminal operator to solve the issue before Tuesday or be sued for breach of agreement.

You May Like

Telegram Founder Pavel Durov To Share $17bn Wealth Among 106 Children

EFCC Arraigns Medical Doctor Over Alleged N39.1m Visa Scam In Rivers

He said, “It has been brought to the notice of the National Executive Committee (NECOM),  that our members are unable to exit the already released vehicles and cargoes from the five Star Logistics because the terminal operator has been deactivated from Customs portal as a result of unpaid assessment running into millions of naira.

“We wish to inform our members that,l ANLCA is on top of this issue and we are saddened about the development.However,we shall give the terminal operator between now and next Tuesday to resolve their issue with Nigeria Customs Service if not, we will be taking them to court for beach of agreement and failure to deliver these cargoes to the importers representative.

“Also, Five Star should know that she e will be responsible for all demurrages and storages charges that may accrue withing these period (6th of July to date).

“Finally, we urge our members to be calm and law abiding and I will advise we keep the receipts of all payments during these period.”

ShareTweetShare
Previous Post

Zenith Bank Holds 7th Annual Trade Seminar On Non-oil Export

Next Post

As Inflation Soars, Will MPC Hold Rate Or Not?

ANOTHER GOOD READ

Telegram Founder Pavel Durov To Share $17bn Wealth Among 106 Children
News

Telegram Founder Pavel Durov To Share $17bn Wealth Among 106 Children

9 hours ago
EFCC Arraigns Woman, Herbalist Over Alleged N24.3m Land Scam In Akwa Ibom
News

EFCC Arraigns Medical Doctor Over Alleged N39.1m Visa Scam In Rivers

9 hours ago
Only 2 States Generated Enough Revenue To Cover Expenses–BudgIT
News

Rivers: Sole Administrator Ibas Jerks Up 2025 Budget By ₦365bn

9 hours ago
LG Introduces 4K TV For Better Home Entertainment
News

LG Introduces 4K TV For Better Home Entertainment

10 hours ago
EFCC Arraigns Woman, Herbalist Over Alleged N24.3m Land Scam In Akwa Ibom
News

EFCC Nabs 19 Suspected Cyber Criminals In Akwa Ibom, Cross River

2 days ago
LG Unveils New Campaign To Promote Healthier, Smarter Living
News

LG Unveils New Campaign To Promote Healthier, Smarter Living

2 days ago
Next Post
Economic Challenges And CBN’S Policies

As Inflation Soars, Will MPC Hold Rate Or Not?

Most Recent

Telegram Founder Pavel Durov To Share $17bn Wealth Among 106 Children

Telegram Founder Pavel Durov To Share $17bn Wealth Among 106 Children

June 22, 2025
EFCC Arraigns Woman, Herbalist Over Alleged N24.3m Land Scam In Akwa Ibom

EFCC Arraigns Medical Doctor Over Alleged N39.1m Visa Scam In Rivers

June 22, 2025
Only 2 States Generated Enough Revenue To Cover Expenses–BudgIT

Rivers: Sole Administrator Ibas Jerks Up 2025 Budget By ₦365bn

June 22, 2025
LG Introduces 4K TV For Better Home Entertainment

LG Introduces 4K TV For Better Home Entertainment

June 22, 2025
EFCC Arraigns Woman, Herbalist Over Alleged N24.3m Land Scam In Akwa Ibom

EFCC Nabs 19 Suspected Cyber Criminals In Akwa Ibom, Cross River

June 20, 2025
LG Unveils New Campaign To Promote Healthier, Smarter Living

LG Unveils New Campaign To Promote Healthier, Smarter Living

June 20, 2025
Senate Passes 2 Remaining Tax Reform Bills, Recommends Tax Tribunal

Audit Reports: Senate Gives NNPCL 1 Week To Account For ‘Missing’ ₦210trn

June 20, 2025
First LNG-powered Container Ship To Visit West Africa Berths At Lagos Port

First LNG-powered Container Ship To Visit West Africa Berths At Lagos Port

June 20, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy