The taskforce team of the Nigeria Customs Service today stormed the Lagos home of billionaire businessman, Olu Okeowo, and seized his Rolls Royce cars. According to Sahara Reporters, the luxury cars were seized because the businessman is yet to pay the import duties on the cars.




https://mobile.twitter.com/SaharaReporters/status/958642707781619713/photo/1

Lalasticlala ohhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

Cost of 2016 model of Phantom: N260,000,000 (as per olx etc)
Customs charge per unit : (Luxury category treatment: import car - min 35% + 35% + 5%) or N195mil

Legend:
CET Code: 8703.2319.00 (Other)
SU=System Unit, (U)
ID=Import Duty, (35%)
VAT=Value Added Tax, (5%)
LVY=Levy, (35%)
EXC=Excise Duty (0%)

How did he move the car from the port without paying duties? These are some of the privileges an average Nigerian can never have. But why should a billionaire evade tax?

12submarine:
How did he move the car from the port without paying duties? These are some of the privileges an average Nigerian can never have. But why should a billionaire evade tax?

Good question, it is the same useless criminals called customs that aide almost every irregularities in the port, I recalled when I brought in a container, my clearing agent told me that he was advised to reduce the original age on all the vehicles in the container so that he could pay less duty, I frowned at it but before I knew what was happening they cleared the container, my point is customs and almost all the security apparatus at the port are criminals and they deserve to be flogged

mtxheew

Na wah.

custom duty stuff

He don offend one Customs oga...

AngelicBeing:
Good question, it is the same useless criminals called customs that aide almost every irregularities in the port, I recalled when I brought in a container, my clearing agent told me that he was advised to reduce the original age on all the vehicles in the container so that he could pay less duty, I frowned at it but before I knew what was happening they cleared the container, my point is customs and almost all the security apparatus at the port are criminals and they deserve to be flogged

So you gave your agent instructions not to falsify information and he did? Against your wish? What did you do about it?

if Chelsea and Manchester City win today i will be millionaire tomorrow
share my mtn card on Friday, marry lady f on Saturday give her belle on sunday

This Rolls Royce will end up with a crony of Buhari from the North if Okeowo does not do the needful. Customs will auction it to the usual suspects.

wetin concern me

You are a multi billionaire and you cannot pay common import duties on your cars.

What a contradiction.

How does this affect the price of garri in Bariga market?

.The rich are our problem in this country. The poor pay tax while the rich evade it/spend their money on owambe/okpekes

Keneking:
Lalasticlala ohhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

Cost of 2016 model of Phantom: N260,000,000 (as per olx etc)
Customs charge per unit : (Luxury category treatment: import car - min 35% + 35% + 5%) or N195mil


Legend:
CET Code: 8703.2319.00 (Other)
SU=System Unit, (U)
ID=Import Duty, (35%)
VAT=Value Added Tax, (5%)
LVY=Levy, (35%)
EXC=Excise Duty (0%)

Is that the import duty? @ the bolded??
Even me I will abscond

Impound all of them.

ok

Okeowo na awo man.


Some people want to die.

Let the rich help the nation to grow instead they will prefer hate speech to instigate and to confuse the state so as to carry on with there cheating and looting

AngelicBeing:
Good question, it is the same useless criminals called customs that aide almost every irregularities in the port, I recalled when I brought in a container, my clearing agent told me that he was advised to reduce the original age on all the vehicles in the container so that he could pay less duty, I frowned at it but before I knew what was happening they cleared the container, my point is customs and almost affll the security apparatus at the port are criminals and they deserve to be flogged

The whole country is covered in rot!

...From the smallest to the biggest

Both followers and leaders

AngelicBeing:
Good question, it is the same useless criminals called customs that aide almost every irregularities in the port, I recalled when I brought in a container, my clearing agent told me that he was advised to reduce the original age on all the vehicles in the container so that he could pay less duty, I frowned at it but before I knew what was happening they cleared the container, my point is customs and almost all the security apparatus at the port are criminals and they deserve to be flogged

NLders and their fake stories.
You did not import anything. I dey lie?

AngelicBeing:
Good question, it is the same useless criminals called customs that aide almost every irregularities in the port, I recalled when I brought in a container, my clearing agent told me that he was advised to reduce the original age on all the vehicles in the container so that he could pay less duty, I frowned at it but before I knew what was happening they cleared the container, my point is customs and almost all the security apparatus at the port are criminals and they deserve to be flogged

the kind sharp practice that is going on their. nah only God go save man pikin.

Thank God he is not from the land of the fallen sun. The children of hate would have called this a different thing by now

The port these cars passed through must be investigated and the custom officers be made to loss their 6months salaries plus ranks. Criminals make legit hardworking guys look lazy and unfortunate. Morons!

corruption corruption corruption

Evading Tax is another way of becoming a Billionaire, Don Trump did

Good to know the law isn't only made for the poor

Are they allowed to do that? That is , raid a home because of unpaid duties?? Especially as it was due to thier negligence the car left the ports n the first place mcheeewwww

I still dont understand the sense behind the high duty fee nigerians pay for cars 75% of the car's value, this is crazy coming from a country that can't boast of multiple car production or asembly plants. IMO before they can charge anything more than 20% the government should give toyota,nissan,honda,...... chance to bring their plant to 9ja entice them with low tax, in turn they will provide jobs and we have cars from nigeria at not too high cost for brand new then at that point if you want to buy from outside 9ja or buy luxury cay slam them with 75% duty fee.
on the second note policies like this just hurt deep to the bone, the low and middle class citizen will pay 75% duty while the few 10% rich and politicians buy overrated expensive cars and find their way around not paying I bet Okeowo will be calling his contacts to to go go around this issue instead of doing the needful