Senate Blows Whistle On Customs, Uncovers Leakages

SAN FRANCISCO, May 05, (THEWILL) – The senate has expanded its panel probing the alleged N30 trillion revenue leakage in the Nigeria Customs Service (NCS) following an indication of more leakages in the NCS.

To this end, the Senate has upper added its committee of marine transport to join in the efforts of its committee on customs which has been carrying out the probe.

Moving a motion on the floor of the Senate, the Chairman of Senate Customs Committee, Hope Uzodinma, said it has discovered that shipment meant for Nigeria was diverted to Benin Republic.

He said his committee identified that between 2006 and 2017, there was over N30 trillion worth of foreign exchange in form of approved Form M and there is no evidence that such goods came into the country.

“The recent one which is mind-blowing is that shipping companies will load full cargoes worth billions of naira, come into the country and go to bonded terminals, offload and Nigerian government will not collect one kobo,” he said.

“All they do is informal negotiation with the terminal operators, the regulators and then they will offload. This is an international crime.

“We have identified over 228 vessels with their registration numbers, the terminals where they offloaded and we are going through customs database tracking every shipment and vessel that came and offloaded.

“There is another fraud we discovered, which is, all the Asian companies moving all their goods to Cotonou in Benin Republic and these goods are meant for Nigerian market.

“From our investigation, the companies change their documents by mid night as if the shipment is either done from Cote d’ivoire  or Cotonou and they move into Nigeria.

“We have gone into this assignment and honestly speaking, we have identified between 2006 and 2017, over N30 trillion worth of foreign exchange in form of approved Form M and there is no evidence that the goods came into the country.

“The commercial banks apply for this foreign exchange and the Central Bank of Nigeria allocates it to them and these monies are transferred to foreign banks and there is no evidence to show that the goods came into the country. So they have been round-tripping with the limited foreign exchange we have in Nigeria.”

On his part, Deputy Senate President, Ike Ekweremadu, said the country could not afford to be borrowing money when it could recover funds lost through corrupt practices.

He said the senate should be praised for “blowing a whistle” on the NCS.

“The committee on marine transport will join the committee on customs to have a holistic investigation into this matter,” he said.

“I think this is one area the law enforcement agencies must move in quickly to ensure that these monies are recovered.

“We cannot be going to China and all over the world trying to borrow money when we can recover easily all the monies that were lost through some corrupt practices.

“This is one area the senate must be praised for blowing a whistle. This is the real whistle.”

Facebook Comments

comments

Source: The Will

61 thoughts on “Senate Blows Whistle On Customs, Uncovers Leakages

  • 28th November 2020 at 11:01 am
    Permalink

    If you are going for most excellent contents like myself, simply go to see this web site all the time for the reason that it provides feature contents, thanks|

    Reply
  • 10th December 2020 at 3:22 am
    Permalink

    Excellent goodss from you, man. I have understand your stuff previous to and you’re just extreemely fantastic.

    I really like what you’ve acquired here, really like what you are saying and the way in which you say it.
    You make it entertaining and you still take care of to keep it wise.
    I can’t wait to read far more from you. This is actuallly a
    terrific web site.

    Reply
  • 13th December 2020 at 6:01 am
    Permalink

    Hey I am so delighted I found your blog, I really founnd you by error,
    while I was searching on Digg for something else,
    Nonetheless I am here now and would just like to say thanks a lot for a incredible poost annd
    a all round interesting blog (I aldo love the theme/design), I don’t have
    time to read it all at the moment but I have saved
    it and also included your RSS feeds, so whben I have
    time I will be back to ead more, Pleasee do keep up the fantastic jo.

    My webpage; glouicester chinese takeaway food (Wilhemina)

    Reply
  • 13th December 2020 at 6:02 am
    Permalink

    Wow that was unusual. I just wrote ann really long comment but after I
    clicked submit my comment didn’t appear. Grrrr… well I’m
    not writing aall that over again. Regardless, just wanted
    to say great blog!

    Reply
  • 13th December 2020 at 6:26 am
    Permalink

    I am curious to find out what blog system you aare working
    with? I’m experiencing some smalkl security issues with my latest website and I wokuld lkke to find
    something more risk-free. Do you have any recommendations?

    Reply
  • 14th December 2020 at 3:22 pm
    Permalink

    I’m really enjoying the theme/design of your blog.
    Do you ever run into any browser compatibility issues?
    A couple of my blog readers have complained about my website
    not operating correctly in Explorer but looks great in Firefox.
    Do you have any tips to help fix this issue?

    Reply
  • 17th December 2020 at 12:45 pm
    Permalink

    Hi there! I could have sworn I’ve visited this web site before but after browsing through many of the articles I
    realized it’s new to me. Anyhow, I’m certainly delighted I found
    it and I’ll be bookmarking it and checking back often!

    Reply
  • 25th December 2020 at 8:51 am
    Permalink

    I am really inspired with your writing talents as neatly as with the format for your blog. Is this a paid subject matter or did you modify it yourself? Anyway keep up the excellent quality writing, it’s uncommon to peer a great weblog like this one nowadays..|

    Reply
  • 25th December 2020 at 11:00 pm
    Permalink

    Quality articles is the secret to be a focus for the people to go to see the web site, that’s what this web site is providing.|

    Reply
  • 26th December 2020 at 2:23 am
    Permalink

    This webpage does not display correctly on my blackberry – you might want to try and repair that

    Reply
  • 28th December 2020 at 12:44 am
    Permalink

    I was suggested this blog by way of my cousin. I’m no longer sure whether or not this put up is written by him as nobody else realize such detailed about my trouble. You’re wonderful! Thanks!

    Reply
  • 28th December 2020 at 10:52 pm
    Permalink

    I have been absent for some time, but now I remember why I used to love this website. Thank you, I will try and check back more frequently. How frequently you update your website?

    Reply
  • 31st December 2020 at 7:23 pm
    Permalink

    I enjoyed reading your nice website. I see you offer priceless info. stumbled into this site by chance but I’m sure glad I clicked on that link. You definitely answered all the questions I’ve been dying to answer for some time now. Will definitely come back for more of this.

    Reply
  • 1st January 2021 at 9:01 pm
    Permalink

    Outstanding post, you have pointed out some fantastic points , I too conceive this s a very good website.

    Reply
  • 2nd January 2021 at 3:58 am
    Permalink

    I am curious to find out what blog system you are utilizing? I’m having some small security issues with my latest blog and I would like to find something more secure. Do you have any recommendations?

    Reply
  • 3rd January 2021 at 10:40 pm
    Permalink

    Hello! I simply would want to supply a enormous thumbs up for your great information you may have here about this post. I’ll be returning to your website for further soon.

    Reply
  • 4th January 2021 at 9:29 pm
    Permalink

    others, he is somewhat of an authority on youth suicide. I did a professional volunteers course

    Reply
  • 6th January 2021 at 6:13 am
    Permalink

    Howdy! I realize this is kind of off-topic however I had to ask. Does running a well-established blog like yours require a massive amount work? I am completely new to operating a blog but I do write in my journal everyday. I’d like to start a blog so I can easily share my experience and thoughts online. Please let me know if you have any kind of ideas or tips for new aspiring blog owners. Appreciate it!|

    Reply
  • 8th January 2021 at 6:48 am
    Permalink

    Hi there, I enjoy reading through your article post.
    I like to write a little comment to support you.

    Reply
  • 8th January 2021 at 1:08 pm
    Permalink

    I simply wished to thank you very much yet again. I do not know what I would have undertaken without those tips shared by you regarding this theme. Previously it was the terrifying setting in my view, nevertheless understanding your well-written technique you solved the issue took me to weep with joy. Now i’m thankful for your support and thus trust you really know what an amazing job you were putting in training the others via your website. Most probably you haven’t met any of us.

    Reply
  • 15th January 2021 at 3:21 pm
    Permalink

    hello there and thank you for your information – I’ve certainly picked up anything new from right here. I did however expertise some technical issues using this web site, as I experienced to reload the site many times previous to I could get it to load properly. I had been wondering if your web hosting is OK? Not that I’m complaining, but slow loading instances times will sometimes affect your placement in google and could damage your quality score if ads and marketing with Adwords. Anyway I’m adding this RSS to my e-mail and could look out for a lot more of your respective fascinating content. Ensure that you update this again soon.|

    Reply
  • 17th January 2021 at 4:36 pm
    Permalink

    Hello there, You have done a fantastic job. I will certainly digg it
    and personally suggest to my friends. I’m confident they will be benefited from this web site.

    Reply
  • 21st January 2021 at 3:34 pm
    Permalink

    I am not sure where you’re getting your information, but good topic.
    I needs to spend some time learning more or understanding more.
    Thanks for excellent information I was looking for this information for my mission.

    Reply
  • 5th March 2021 at 1:32 pm
    Permalink

    Very good info. Lucky me I came across your blog by accident (stumbleupon). I have book-marked it for later!|

    Reply
  • 5th March 2021 at 3:08 pm
    Permalink

    This is a topic that’s close to my heart… Many thanks! Exactly where are your contact details though?|

    Reply
  • 5th March 2021 at 4:54 pm
    Permalink

    Attractive element of content. I just stumbled upon your website and in accession capital to assert that I get in fact loved account your blog posts. Anyway I’ll be subscribing to your feeds or even I success you get right of entry to persistently rapidly.|

    Reply
  • 7th March 2021 at 3:20 am
    Permalink

    Hello there! This is my first visit to your blog! We are a collection of volunteers and starting a new initiative in a community in the same niche. Your blog provided us valuable information to work on. You have done a marvellous job!|

    Reply
  • 7th March 2021 at 3:54 am
    Permalink

    Spot on with this write-up, I really think this web site needs a great deal more attention. I’ll probably be back again to read through more, thanks for the advice!|

    Reply
  • 7th March 2021 at 10:26 am
    Permalink

    Good post however I was wondering if you could write a litte more on this topic? I’d be very grateful if you could elaborate a little bit further. Kudos!|

    Reply
  • 8th March 2021 at 6:05 pm
    Permalink

    That is really attention-grabbing, You are an overly skilled blogger. I’ve joined your feed and sit up for looking for more of your fantastic post. Additionally, I have shared your web site in my social networks|

    Reply
  • 8th March 2021 at 11:11 pm
    Permalink

    I’m not that much of a internet reader to be honest but your sites really nice, keep it up! I’ll go ahead and bookmark your site to come back down the road. Many thanks|

    Reply
  • 10th March 2021 at 8:34 pm
    Permalink

    This is the right webpage for anyone who wants to find out about this topic. You realize a whole lot its almost tough to argue with you (not that I personally would want to…HaHa). You certainly put a new spin on a topic which has been written about for decades. Excellent stuff, just wonderful!|

    Reply
  • 11th March 2021 at 1:35 pm
    Permalink

    This post presents clear idea for the new people of blogging, that really how to do blogging and site-building.|

    Reply
  • 15th March 2021 at 6:23 am
    Permalink

    Oh my goodness! Amazing article dude! Many thanks, However I am going through problems with your RSS. I don’t understand why I can’t subscribe to it. Is there anyone else having the same RSS problems? Anyone who knows the answer will you kindly respond? Thanx!!|

    Reply
  • 19th March 2021 at 10:12 am
    Permalink

    you are in point of fasct a excellent webmaster. The site loading speed is incredible.

    It seems that you’re doinmg any distinctive trick.
    Furthermore, The contents are masterwork. you have performed a mqgnificent process on this subject!

    Look into my site; double glazing (Marylin)

    Reply
  • 30th March 2021 at 8:52 pm
    Permalink

    Great blog! Is yiur theme custom made or did you download it from somewhere?

    A design like yolurs with a few simple adjustements would really make my blog jump out.
    Please let me know where you got your design. With thanks

    Also visit my web blog – double glazing (Daryl)

    Reply
  • 3rd April 2021 at 6:27 am
    Permalink

    Geat web site. A lot of useful information here. I’m sending it to a feew pals ans additionally sharing
    in delicious. And of course, thanks in your sweat!

    Stop by my web blog – gloucester chinese takeaway; Eulah,

    Reply
  • 27th April 2021 at 6:43 am
    Permalink

    Superb blog! Do you have any suggestions for aspiring writers?
    I’m hoping to start my own blog soon but I’m a little lost on everything.
    Would you recommend starting with a free platform like
    Wordpress or go for a paid option? There are so many choices out there that I’m completely overwhelmed ..
    Any tips? Cheers!

    Also visit my web page … building engineers (Holley)

    Reply
  • 27th April 2021 at 8:36 am
    Permalink

    I believe everything said mzde a great deal of
    sense. However, wat about this? what if you were
    to create a killsr headline? I ain’t saying your information isn’t good.,
    however suppose you added a post title that makes people desire more?
    I mean Senate Blows Whistle On Customs, Uncovers Leakages – OfofoZonne is kinda boring.
    You could peek at Yahoo’s home page and watch how they create news headline to grab viewers to open tthe
    links. Yoou might add a related video or a piic or two to
    grab people interested about everything’ve written. In my opinion, it might
    bring your blog a little livelier.

    Also visit my page civil engineering – Weldon

    Reply
  • 28th April 2021 at 10:20 am
    Permalink

    whoah this blog is great i like reading your posts.
    Keepp up the great work! You recognize, lots of persons are
    hunting around for this info, you can help them greatly.

    My weeb page; foundation design – Penelope

    Reply
  • 28th April 2021 at 2:39 pm
    Permalink

    That is really fascinating, You’re an ovefly professional blogger.
    I have joined your rss feed and look ahead to searching for extra of your wonderful post.
    Also, I have shared your website in my social networks

    Look at my web site – civil engineering (Rich)

    Reply
  • 28th April 2021 at 9:54 pm
    Permalink

    We are a bunch of volunteers and opening a new scheme in our community.
    Your website offered us with helpful info to worrk on.
    You’ve performed an impressive task and our entire neighborhood will likely be thankful to you.

    Here is my blog post; esign engineer – Cecila,

    Reply
  • 29th April 2021 at 5:15 am
    Permalink

    Just want to say your article is as surprising. The clarity in your post is simply spectacular and i can assume you are
    an expert on this subject. Well with your permission allow
    me to grab your RSS feed to keep up too date with forthcoming post.
    Thanks a million and please carry on the enjoyable work.

    Loook into my site structural repairs (Williemae)

    Reply
  • 30th April 2021 at 2:13 am
    Permalink

    Its lije you read my mind! You seem to know so much abnout this, like you wrote the ook in it or something.
    I think that you could do with some pics to drive the message home a little bit, but other than that,this is excellent blog.

    An excellent read. I will definitely be back.

    Also visit my blog – structural engineering – Stefan,

    Reply
  • 6th May 2021 at 3:51 am
    Permalink

    I really like reading through an article that will make men and women think. Also, thanks for allowing for me to comment!|

    Reply
  • 10th May 2021 at 8:42 pm
    Permalink

    Very nice post. I just stumbled upon your weblog and wished to say that I’ve really loved surfing around your blog posts. In any case I’ll be subscribing to your rss feed and I am hoping you write once more very soon!|

    Reply

Leave a Reply

Your email address will not be published.