Author: Saint Augustine

The Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu has described as inappropriate the Central Bank of Nigeria (CBN)’s policy which requires banks to charge fifty naira (N50) stamp duty on N1000 deposited in the banks by customers. Speaking in an interview with Primetime Reporters in Lagos on the matter, Chukwu argued that stamp duty could only be charged on receipt issued for services rendered saying that depositing money in one’s bank account in the bank did not amount to paying for services in the real sense of it. He maintained that imposing a stamp duty payment on lodgement…

The Nigerian Shippers’ Council (NSC) has solicited for support of Nigeria Customs Service to enhance the efficiency of Nigerian ports. Hassan Bello, the Executive Secretary and Chief Executive Officer of the Council, who led his management team on a courtesy visit to Apapa and Tin can Area Command of Nigeria Customs Services, called for a synergy that would transform the nation’s ports to regional maritime hub in African sub region. His words, ‘’since 2006 when the ports were concessioned, Nigeria has recorded mass improvement in terms of turnaround time of vessels but still other problems persist at the ports. We…

By David Oba In Nigeria’s present situation of increasing road risks and dangers, the statistics on road fatalities and injuries are scary. Going by the World Health Organisation (WHO)records on global Road Traffic Injuries (RTIs), Nigeria is rated second on the top of the ladder. This was confirmed in 2012 by the then Health Minister, Prof. Onyebuchi Chukwu when he declared that Nigeria has the second highest road traffic accident fatalities among the 193 countries in the world. In 2009, Dr. John Akanya, the then Director-General, Standard Organisation of Nigeria affirmed that Nigeria records 34,000 deaths annually on the highways…

The anti-corruption drive of the National Association of Government Approved Freight Forwarders (NAGAFF) on Tuesday received a boost as it entered into a strategic understanding with the Special Fraud Unit (SFU) of the Nigeria Police to fight the menace of corruption that is confronting the nation. This understanding was sealed when the Founder of NAGAFF, Dr. Boniface Aniebonam led some members of the Anti Corruption Committee of the Association on a courtesy visit to the Commissioner of Police SFU, Anthony Mike Ogbizi. Speaking on the occasion, Dr. Aniebonam submitted that it was now time for Nigerians to support every effort…

The Federal Operations Unit Zone A’ Ikeja, Lagos has said that it recorded remarkable seizures of smuggled frozen Poultry products comprising three thousand, three hundred and twenty eight (3328) cartons valued at N17.9million few weeks into the assumption of office of the new Customs Area Controller, Comptroller Dahiru Muar. The Controller, Federal Operations Unit Zone ‘A’ Ikeja, Comptroller Umar, made this disclosure while conducting the media round some of the seized products. He stated categorically that the seizures were effected at different locations within the flanks and flashpoints under the supervisory authority of the unit. The controller further stated that…

…Generates N10.7billion in 2 weeks The Apapa Area Command of the Nigerian Customs Service has raised an alarm over massive drop in revenue collection on bulk cargo import from the Lagos Ports Complex (LPC) which is affecting revenue collection role of the service. The Customs Area Controller (CAC),Comptroller Willy Egbudin who raised the alarm when members of the Maritime Correspondent Organisation of Nigeria (MARCON) paid a courtesy visit to the command in Lagos Tuesday, disclosed that the command under Apapa port was notable for bulk cargo import adding that in the last couple of years, there had been a sharp…

The truckers under the auspices of the Joint Council of Seaport Truckers (JCOST) has given kudos to the Commissioner of Police Lagos State, Mr. Fatai Owoseni for his concerted efforts at arresting the gridlock that has become synonymous with Apapa and which had defied solution over the years. Speaking in an interview with Primetime Reporters in Lagos on Friday, the Secretary of JCOST, Mr. Godwin Ikeji stated that the CP had succeeded where others including the Ports Authority Police Command and the Nigerian Ports Authority (NPA) had failed through their various task forces. Ikeji also noted the fact that the…

The Counsel representing the Incorporated Trustees of the National Association of Government Approved Freight Forwarders (NAGAFF), Barr. Okwudili Alagbu has given reasons why the Association of Nigerian Licensed Customs Agents (ANLCA) may not diligently prosecute the suit it instituted against Mohammed Bashir, Permanent Secretary, Federal Ministry of Transport and 11 others. Alagbu who was speaking in an exclusive interview with Primetime Reporters in Lagos recently said that ANLCA being the plaintiff and having seen the barrage of objections raised by the defendants on the matter, most of them very weighty and formidable discovered that it could not move forward. According…

Following the March 1, 2016 deadline given by the Nigerian Ports Authority (NPA) Western Zonefor all the trucks operating in the nation’s seaport to register and get its sticker, the Joint Council of Seaport Truckers (JCOST) has scheduled to meet on Thursday next week to review the situation and take a position on the matter. It will be recalled that NPA on the 1st of this month commenced registration of trucks operating at the nation’s seaport with the issuance of stickers upon payment of the sum of ten thousand naira (N10, 000.00) adding that by 1st of March, 2016, trucks…

The three flyovers under construction in Awka Capital of Anambra State will be completed ready for use by end of April 2016 while construction on access road to Coscharis Farm Anaku, has commenced in earnest. This assurance was given today by the Governor of the State, Chief Willie Obiano‎ during an inspection visit to the Kwata flyover project site and the Coscharis Farms. Speaking shortly after the inspection, the governor said that he was hopeful that based on the assurances of the contractors handling the project, the Kwata flyover would be delivered on time. Chief Obiano expressed satisfaction with the…