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FG’s Revenue Dwindles as Customs Abandon N20bn Worth of Cars

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As against the earlier promise by the Comptroller General of the Nigeria Customs Service (NCS), Col Hameed Ali on assumption of duty as head of the service to increase federal governments revenue by auctioning seized and abandoned cars, vehicles worth over N20 billion are currently rotting away at various ports and warehouses of the service, THISDAY investigation has revealed.

Aside the over N10 billion worth of seized cars rotting away in Customs warehouses across the country, about 6,000 vehicles worth over N10 billion have been abandoned by importers at the Lagos ports.

Ali had introduced e-auction system to auction seized and abandoned vehicles last year, but the NCS under him has since abandoned the system due to its inefficiency.

THISDAY, August 10, 2018

 

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