The Comptroller-General, Nigeria Customs Service (NCS), Hameed Ali, on Wednesday in a submission to the Senate Committee on Finance said that big companies like Dangote Group and Stallion had no need of waivers.




“if the big companies are given waivers, is it the smaller companies that should then pay custom duties?”

Ali, said waivers should be discontinued for big companies to allow other small firms to grow.

Investigations revealed that the abuse of waivers have been routine over the years in favor of some business leaders and politicians in a manner that has continued to undermine the nation’s economy as they issue fraudulent waivers to themselves and their associates.

Other beneficiaries of these waivers at the expense of millions of tax payers are Chief Mike Adenuga, and Alhaji Saminu Turaki, former Jigawa State governor.

The administration of former President Jonathan granted a N50billion waiver to the Stallion group to import rice into the country, Per Second News gathered.

A senator speaking under the condition of anonymity revealed that the Federal Government has lost billions of naira that would have been used for provision of infrastructure and other contending needs of the downtrodden masses to the granting of waivers to business.



The Aluminium Smelter Company of Nigeria Limited (ALSCON) got N477.789million and N13.71million as waivers despite not producing since 2007.

Energy Resources Management Limited incorporated on June 18, 1999, with Mr. Jide Omokore and Richard Idowu as its directors also got waiver to import 250,000 metric tons of rice.

Investigations also reveal that in 2005, then Governor of Ogun State, Mr. Gbenga Daniel had applied to President Obasanjo for “import waivers” of N500million on vehicles meant to be imported for the 15th National Sports Festival tagged “Gateway Games 2006” in Ogun State . The Presidency immediate approved the request. However, rather than use the waiver for its purpose, it was allegedly sold to Globe Motors.

A major automobile dealer was granted N698.177million for importing fully built four-wheel drive motor vehicles, motorised tanks and other armoured fighting vehicles.

In 2003, losses suffered by government from concessions in the name of waivers was N12.4billion and in 2004 it climbed to N56billion and the Nigeria Customs Service, Apapa command lamented the loss of N6. 6 billion in 2013 to what it described as duty exemptions, concessions and waivers granted to certain organizations, between January and October 2013, which accounted for about 4.6 percent of the total revenue collected in the period under review.

Though without a source, this is a nice submission by the writer. And this goes to show the unstructured pattern in which the markets are run on partiality and ethnic sentiments... and dvllard says he is fighting corruption

Can u imagine d nonsense?

kingbasil:
Though without a source, this is a nice submission by the writer. And this goes to show the unstructured pattern in which the markets are run on partiality and ethnic sentiments... and dvllard says he is fighting corruption

Yeah what fair country. Dangote imports 500 tonnes of cement...pays zero kobo. Ibeto imports 100 tonnes...pays 100m naira. One Nigeria indeed!

kingbasil:
Though without a source, this is a nice submission by the writer. And this goes to show the unstructured pattern in which the markets are run on partiality and ethnic sentiments... and dvllard says he is fighting corruption

Liberty90:


Yeah what fair country. Dangote imports 500 tonnes of cement...pays zero kobo. Ibeto imports 100 tonnes...pays 100m naira. One Nigeria indeed!

Most of this rubbish was not just instituted but also allowed to flourish right under Jonathan's nose. GEJ continued to grant fraudulent import waivers to every 'big man' that promised to support his re-election, at a point, the Nigerian Customs was bitterly lamenting a loss of revenue in trillions of Naira due to these import waivers granted to big men and even NOI was not spared in their attacks.
http://www.premiumtimesng.com/news/153709-nigeria-customs-service-indicts-okonjo-iweala-says-import-waivers-massively-abused-under-her.html

But while the NCS accused NOI, little did we know that the woman was not only innocent and just following orders from above, she at a point also began lamenting the same fraudulent import waivers being granted by GEJ himself.
http://www.thisdaylive.com/articles/okonjo-iweala-huge-revenue-lost-to-fraudulent-waivers/208949/

But now some ignoramuses think it is Buhari's handwork and they even go ahead to paint an ethnic/religious/tribal colouration to it.

Anyway, I am very confident this mess would be stopped very soon the moment this government remembers it. If not for any other reason but for the want of revenue.

obailala:
Most of this rubbish was not just instituted but also allowed to flourish right under Jonathan's nose. GEJ continued to grant fraudulent import waivers to every 'big man' that promised to support his re-election, at a point, the Nigerian Customs was bitterly lamenting a loss of revenue in trillions of Naira due to these import waivers granted to big men and even NOI was not spared in their attacks.
http://www.premiumtimesng.com/news/153709-nigeria-customs-service-indicts-okonjo-iweala-says-import-waivers-massively-abused-under-her.html

But while the NCS accused NOI, little did we know that the woman was not only innocent and just following orders from above, she at a point also began lamenting the same fraudulent import waivers being granted by GEJ himself.
http://www.thisdaylive.com/articles/okonjo-iweala-huge-revenue-lost-to-fraudulent-waivers/208949/

But now some ignoramuses think it is Buhari's handwork and they even go ahead to paint an ethnic/religious/tribal colouration to it.

Anyway, I am very confident this mess would be stopped very soon the moment this government remembers it. If not for any other reason but for the want of revenue.

Started under Obasanjo.

obailala:
Most of this rubbish was not just instituted but also allowed to flourish right under Jonathan's nose. GEJ continued to grant fraudulent import waivers to every 'big man' that promised to support his re-election, at a point, the Nigerian Customs was bitterly lamenting a loss of revenue in trillions of Naira due to these import waivers granted to big men and even NOI was not spared in their attacks.
http://www.premiumtimesng.com/news/153709-nigeria-customs-service-indicts-okonjo-iweala-says-import-waivers-massively-abused-under-her.html

But while the NCS accused NOI, little did we know that the woman was not only innocent and just following orders from above, she at a point also began lamenting the same fraudulent import waivers being granted by GEJ himself.
http://www.thisdaylive.com/articles/okonjo-iweala-huge-revenue-lost-to-fraudulent-waivers/208949/

But now some ignoramuses think it is Buhari's handwork and they even go ahead to paint an ethnic/religious/tribal colouration to it.

Anyway, I am very confident this mess would be stopped very soon the moment this government remembers it. If not for any other reason but for the want of revenue.

So in essense you are positing that the practice continue

It is this type of corruption that frustrates the youths of this country. How do you expect the youths to grow when the law is rigged against them.

You see, every waiver granted to the big guns of any industry stifles the growth potential of every startup within the same industry.

This country would not see meaningful development until the private sector too is liberated from jaws of a cartel.

Many rich men in Nigeria feed on fire!
End time rich men!

kingbasil:


So in essense you are positing that the practice continue

Read the last paragraph of what I wrote, I'm sure the answer to your question is well spelt out in that text. Thanks

Liberty90:


Started under Obasanjo.

Of course it started under Obasanjo, however it was not only allowed to continue, it got worse under GEJ. Hopefully the new guy on board would do something about it, if not for anything else, but for the want of revenue.

obailala:
Read the last paragraph of what I wrote, I'm sure the answer to your question is well spelt out in that text. Thanks

Be cool....

Obasanjo granted a one time waiver to the telecoms industry to aid the development of the industry. Those waivers were for the capital intensive equipments after they complained about the price they paid for licences.

kingbasil:
Though without a source, this is a nice submission by the writer. And this goes to show the unstructured pattern in which the markets are run on partiality and ethnic sentiments... and dvllard says he is fighting corruption

You 've never disappointed me. Wail non-stop.

Nice one
Just like the Privatization and subsidy payment, Custom waiver is one of the reasons why the gap between the poor and the rich will continue growing wider in Nigeria

Many wailers and e warriors will never know what is going on up there, yet they will burn their little hard earn yo support thieves.

Many shocking stories would soon surface.

I am sure it will stop now that money is desperately needed to fund this year's budget.

Fact

9ja I hail! Paddy Paddy, wayo wayo, arrangee govts of Nigeria. Baba fela of blessed memory was a prophet.

The customs boss is right.