Customs, AGF Summoned Over Nigerian Shippers’ Council Revenue

August 19, 2021
House of Reps
House of Reps

THE House of Representatives has summoned the Accountant-General of the Federation,  Nigeria Customs Service and Budget Office over Nigerian Shippers’ Council (NSC) revenue.

The committee said it needed explanation on issues surrounding the collection and appropriation of the council’s revenue, derived from a portion of the port develop levy imposed on imported items.

Join our WhatsApp Channel

The committee issued the summons in Abuja at the ongoing public hearing on the 2022-2024 Medium-Term Expenditure Framework and Fiscal Strategy Paper.

Executive Secretary of the NSC, Emmanuel Jime, had said the main source of the council’s revenue, which is a quarterly two of the seven percent ports development levy amounting to N3.1bn was collected by the Customs and sent to the AGF’s office.

Jime, a former member of the House, said, “There is also the extra challenge we have. The agency responsible for the collection of that particular two percent that is being given under the current arrangement is Customs. It is the Customs that determines what amounts to a percentage of the port levy. So, we’re not really involved.”

Jime also lamented that the NSC had been unable to access the one percent charge on export and import since the council was established in 1978, noting that it was one of its statutory sources of revenue.

“There is this statutory source of revenue: one percent charge on export and import. Since Shippers’ Council was established, that particular source of revenue has never been accessed and I am taking it up with the supervising ministry and it is also one area that I will ultimately be going to seek the support from the other side,” he said.

Faleke consequently directly the secretariat to invite those concerned for deliberation on Monday.

+ posts

Featured Stories

Latest from Top Stories

Black Market, Official Window Dollar Rates' Gap Widens To N127 After BDCs Hike USD Price

Dollar Rate Increases To N1,366/$ In Official Market

On Thursday, February 5, N1,366.05 per dollar was the official rate for the United States (US) currency in the Nigerian foreign exchange market (NFEM), rising above the N1,358.28 kobo per $1 reported on Wednesday, February 4. This represents a N7.72 kobo increase

Nigerian Stock Market Cap Hits N109.12trn — up by N1.26trn

The Nigerian Exchange (NGX) said the bourse’s market capitalisation increased from N107.86 trillion, recorded on Wednesday, February 4, to N109.12 trillion on Thursday, February 5, representing an increase of N1.26 trillion. NGX said the all-share index (ASI) expanded by 1,975.18 basis points
Petroleum
Previous Story

Petroleum Industry Act Designed To Enslave Niger Deltans – PANDEF

UNILAG
Next Story

UNILAG Reopens Hostels Amid COVID-19 Surge

Don't Miss

Michael B. Jordan Receives Star On The Hollywood Walk Of Fame

Michael B. Jordan Receives Star On The Hollywood Walk Of Fame

Actor Michael B. Jordan was honoured with a star on

Paystack Fires Co‑Founder Olubi Amid Sexual Misconduct Allegations

Paystack, one of Africa’s leading fintech companies, has terminated the