National Economy
Thursday, July 17, 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 News

Tin-Can Island Customs Debunks N76m Bribe Allegation From Vehicle Importer

by Yusuf Babalola
6 months ago
in News
Reading Time: 2 mins read
Customs
Share on FacebookShare on TwitterShare on Telegram

You May Like

‘Nigeria’s BRICS Membership Will Unlock Global Markets For Local Innovators’

Customs Arrests India-bound Passenger With $29,000 At Lagos Airport

The Nigeria Customs Service (NCS) Tincan Island Port (TCIP) Command, has dismissed allegations that it demanded N76million bribe from Olukayode David-Albert, insisting that it only demanded legitimate customs duty of about N34.9million.
NATIONAL ECONOMY reports that a 70-year-old US returnee, David-Albert, alleging frustration over the sum of N76 million purportedly demanded to clear his two vehicles and personal belongings.
However, in a press statement by the customs public relations officer, Ngozi Okwara, said the American returnees comment were untrue.
Okwara said the command considered it necessary to address the claims and provide the public with factual clarity regarding the situation.
“In with the ECOWAS Common External Tariff (CET) 2022–2026, Schedule 2 No. 8 (3), it is expressly stated that goods classified as baggage for Nigerian citizens who have resided outside Nigeria for at least nine months may be brought in duty-free. However, this provision explicitly excludes vehicles or goods intended for sale, barter, or exchange.
“Consequently, while Mr. David-Albert is eligible to import his personal belongings duty-free, the two vehicles in his consignment are not exempted from duty payments. Specifically, the luxurious 2024 Hyundai SUV attracts an Import Duty rate of 20 per cent, a levy of 20 per cent, and a Value Added Tax (VAT) of 7.5 per cent, in compliance with Nigeria’s customs regulations. The Command determined the appropriate duty value for the two vehicles to be N34,969,374.00. This value is significantly less than the N53.5 million alleged as a compromise amount in the publication,” he noted.
While expressing dissatisfaction at Mr. David-Albert’s claims in the media, the customs command admonished him to rather comply with established procedures.
“The command categorically states that at no point did any officer of the Tincan Island Port Command request for N76 million as alleged. If Mr. David-Albert has evidence of such misconduct, he is encouraged to come forward and identify the said officer for further necessary action,” it said.
While reassuring the public that trade facilitation is sacrosanct at the command as one the core roles of the Service is to facilitate the clearance of legitimate goods, it maintained that the onus is on Mr. David-Albert to meet the statutory requirements for duty payment.
“It is pertinent to note that similar regulations apply in advanced countries where Mr. David-Albert previously resided, and such behavior of attempting to circumvent due process would not be entertained there.
“The Nigeria Customs Service remains committed to upholding transparency, professionalism, and fairness in its operations. The Tincan Island Port Command will continue to enforce the law without fear or favor while supporting legitimate trade,” it stated.

Tags: customsImporter
ShareTweetShare
Previous Post

170 Graduates Benefits From Shell, Partners’ Internship Programme

Next Post

AP Agrees Bulk Purchase Framework With Dangote Refinery

ANOTHER GOOD READ

‘Nigeria’s BRICS Membership Will Unlock Global Markets For Local Innovators’
News

‘Nigeria’s BRICS Membership Will Unlock Global Markets For Local Innovators’

3 days ago
Customs Arrests India-bound Passenger With $29,000 At Lagos Airport
News

Customs Arrests India-bound Passenger With $29,000 At Lagos Airport

3 days ago
Bolt Engages Riders, Policymakers On Safer Urban Mobility
News

Bolt Engages Riders, Policymakers On Safer Urban Mobility

3 days ago
Energy Stakeholders Discuss Funding For Local Industry Players
News

Energy Stakeholders Discuss Funding For Local Industry Players

3 days ago
Netherlands Renegotiates Double Taxation Agreement With Nigeria
News

Netherlands Renegotiates Double Taxation Agreement With Nigeria

3 days ago
FIRS, AFRITAC West 2 Deepen Collaboration On Taxpayer Services, Digital Reforms
News

FIRS, AFRITAC West 2 Deepen Collaboration On Taxpayer Services, Digital Reforms

3 days ago
Next Post
AP Agrees Bulk Purchase Framework With Dangote Refinery

AP Agrees Bulk Purchase Framework With Dangote Refinery

Most Recent

Where Is The Fighting Ground Of Fintech Firms?

Where Is The Fighting Ground Of Fintech Firms?

July 14, 2025
FIFA Opens Office In Trump Tower

FIFA Opens Office In Trump Tower

July 14, 2025
Delta Gears Up For Groundbreaking CNS Swimming Championship

Delta Gears Up For Groundbreaking CNS Swimming Championship

July 14, 2025
Jeremiah, Sani-Inabo Advance To VEMP Doubles Quarterfinals

Jeremiah, Sani-Inabo Advance To VEMP Doubles Quarterfinals

July 14, 2025
WAFCON 2024: Super Falcons Battle Botswana, Eye Quarter-Final Spot

WAFCON 2024: Super Falcons Battle Botswana, Eye Quarter-Final Spot

July 14, 2025
Between Depleting Workforce And Declining Productivity

Between Depleting Workforce And Declining Productivity

July 14, 2025
Driving Aviation Growth Through Regional Collaboration

Driving Aviation Growth Through Regional Collaboration

July 14, 2025
PalmPay Targets 35m People With Digital Insurance Services

PalmPay Targets 35m People With Digital Insurance Services

July 14, 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