CGC Adeniyi  Marks One Year In Office With  N4.49trn Revenue Leap, Massive Seizures

CGC Adeniyi  Marks One Year In Office With  N4.49trn Revenue Leap, Massive Seizures
Adeniyi addressing the press in Abuja on Wednesday

  The Nigeria Customs Service (NCS) has marked the one year appointment of Comptroller General of Customs(CGC) Adewale Adeniyi, with the  announcement of  over N4.49 trillion revenue generated in 12 calendar months of the CG’s stay in office.

Briefing the media on Wednesday in Abuja the CG also  disclosed that the NCS under his watch has become prepared to fight smuggling and other illegal trade practices in the ports and border stations.

On the revenue collection, Adeniyi said that the N4.49trillion revenue was a quantum rise of 74 per cent when compared with the figure for the same period last year which was N2.58 trillion.

According to him, the amount was realized between June 2023 and May 2024.

He disclosed that there has been a sustained increase of 70.13 per cent in average monthly generation since he assumed office compared to the trend in the previous year.

The CG also added that there has been an average monthly revenue collection of N343 billion in the past one year as against N202 billion during the same period last year.

CGC Adeniyi disclosed that there was a continued 122.35 per cent increase in revenue collection in the first quarter of 2024 as against the trend last year.

He disclosed that in June, the Service recorded an all-time-high daily collection of N58.5 billion on June 13, this year.

The customs boss explained that the impressive performance was due to strategic initiatives introduced by the Service.

He identified some of the strategies as N15 billion recovered by the “Revenue Review Performance Recovery exercise; N2.79 billion also recovered from the 90-day window for the regularization of the documents of un-customed vehicles; and N1.5 billion recovered from 1,705 overtime containers and 981 vehicles from the seaports”.

On anti-smuggling, he reiterated that NCS recorded massive seizures of different goods, including 63 seizures of animal and wildlife products with duty paid value of N566 million.

Others were seven seizures of arms and ammunition at the ports and borders, a combined total of 127 cases involving narcotics and pharmaceutical products valued at over N6 billion, 724 seizures, involving 2.93 million litres of Premium Motor Spirit (PMS) which were about to be smuggled out of the country.

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