Customs Makes N486bn In Six Months, Breaks Revenue Record - Politics

Customs Makes N486bn In Six Months, Breaks Revenue Record - Politics - Nairaland

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Customs Makes N486bn In Six Months, Breaks Revenue Record by Teewhy2(op): 1:41pm On Jul 26, 2017

The Nigerian Customs Service has hit a record in revenue collection, making N486bn in six months as against N385bn in 2016.

The NCS Public Relations Officer (PRO), Mr. Joseph Attah, confirms.

Details later…

http://punchng.com/breaking-customs-break-revenue-record/

4 Likes

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by swiz123(m): 1:43pm On Jul 26, 2017

2nd most corrupt force in Nigeria

25 Likes 4 Shares

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by tuniski: 1:54pm On Jul 26, 2017*

Teewhy2:
A whopping 100 billion was made within 6 months, that is why they don't want the man to succeed , half of the money would have gone to individuals pocket.
The best way to silence critics is performance , if he likes he should put on Boxers and Tee shirt to work. Nigeria is blessed with opportunities and resources but corruption is the other of the day. Even with the drop in Volume of importation they could achieve this feat is something to be proud of.
i hope the excess money can be put to good use.

Lie! They are comparing with themselves 2016 and now,was the NCS Established last year? This govt and lies in real term they are making far less than under OBJ!

13 Likes

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by vedaxcool(m): 2:05pm On Jul 26, 2017

[s]

tuniski:
Lie! They are comparing with themselves 2016 and now was the NCS Established last year? This govt and lies in real term they are making far less than under OBJ!

[/s]

Please visit www.IamPained.com for immediate assitance before you Kpa!!

74 Likes 10 Shares

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by StakerLives(m): 2:59pm On Jul 26, 2017

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by RoyalUc(m): 3:12pm On Jul 26, 2017

vedaxcool:
[s][/s]

Please visit www.IamPained.com for immediate assitance before you Kpa!!

The guy seems to be diehard PDP supporter.

Politics aside, whether they are comparing themselves against themselves, the result is commendable and should encouraged.

Just like someone said up there, we pray and hope the revenue will be used judiciously.

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Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by Arabiandude: 3:15pm On Jul 26, 2017

tuniski:
Lie! They are comparing with themselves 2016 and now was the NCS Established last year? This govt and lies in real term they are making far less than under OBJ!

Who is this thing?

33 Likes 6 Shares

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by Arabiandude: 3:16pm On Jul 26, 2017

vedaxcool:
[s][/s]
Please visit www.IamPained.com for immediate assitance before you Kpa!!

hahahahahahaha, this is brutality bro

24 Likes 6 Shares

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by dannytoe(m): 3:43pm On Jul 26, 2017

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by dannytoe(m): 3:46pm On Jul 26, 2017

You mean after subtracting, their loot, dont be shocked thats just 5% out of the %100 acctually made.

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Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by ZombieTAMER: 3:49pm On Jul 26, 2017

Where are they using the money
What use is the money meant for
huh

??
It's not only to extort the people to generate money for politicians

Nigerians are still going to Cotonou and lome to buy cars because of the rip off by our customs ...

9 Likes 1 Share

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by ZombieTAMER: 3:52pm On Jul 26, 2017

swiz123:
2nd most corrupt force in Nigeria

after the police force
An encounter with any road safety officer will convince you that they are also up there

6 Likes

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by Ekykool(m): 3:57pm On Jul 26, 2017

I'm not surprised. I was charged 57k custom duty for a wrist watch and birthday candles I received through USPS, excluding the 100 USD the sender paid already.

They should keep on feeding fat off the masses smh.

21 Likes 1 Share

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by deji68: 4:01pm On Jul 26, 2017*

make u no mind them ... last year compared to previous year was one of the worst. one of the best years was 2014 1 trillion/ year when they break 2014 record they can jubilate over their bogus cost saving scheme.

tuniski:
Lie! They are comparing with themselves 2016 and now was the NCS Established last year? This govt and lies in real term they are making far less than under OBJ!

9 Likes 1 Share

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by Kyase(m): 4:21pm On Jul 26, 2017

vedaxcool:
[s][/s]

Please visit www.IamPained.com for immediate assitance before you Kpa!!

lol

1 Like 1 Share

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by SLIDEwaxie(m): 4:33pm On Jul 26, 2017

No by uniform dem dey use do am...

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by Realdeals(m): 4:35pm On Jul 26, 2017

There are is holes to be blocked.

Ex-Custom CG, Dikko’s boy in Corruption racketeering at Customs Valuation Unit, Apapa—Lagos

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by Oladelson(m): 4:35pm On Jul 26, 2017

is okay

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by Nobody: 4:36pm On Jul 26, 2017

hw much Atiku make with intels in the same period huh

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by IMASTEX: 4:37pm On Jul 26, 2017

Lol. . .broke a record or decided to remit such amount. The formal CG of customs will just be laughing seeing the so called record.

All the same, it is a good thing you increase the remittance. At least more money to the legislative and executive Ogasssss.

2 Likes

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by NwaAmaikpe: 4:39pm On Jul 26, 2017

Col. Hamid Ali is so stupidly stubborn.

The customs would have made double this profit if only he wore the Customs Uniform.

1 Like 1 Share

Re: Customs Makes N486bn In Six Months, Breaks Revenue Record by ProWalker: 4:39pm On Jul 26, 2017

Teewhy2:
A whopping 100 billion was made within 6 months, that is why they don't want the man to succeed , half of the money would have gone to individuals pocket.
The best way to silence critics is performance , if he likes he should put on Boxers and Tee shirt to work. Nigeria is blessed with opportunities and resources but corruption is the other of the day. Even with the drop in Volume of importation they could achieve this feat is something to be proud of.
i hope the excess money can be put to good use.

There is no magic to what led to the increase.

I will explain what occurred.
They were initially assessing FOB using the CBN rate of N200/USD but then changed to the inter bank rate that floats between 305/USD to 315/USD, an increase of over 50%.

In practical terms 385B to 486b, is just a 26% increase. What this means is that there is a huge reduction in cargo incoming due to forex restrictions on some 41 items.

So they have done nothing really for the increase except to increase the assessment rate of Naira/USD of FOB and freight.

Truth is if you look at the two periods in USD term, there would have been a reduction rather that increase they are talking about.

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