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

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

NGX Records Sluggish Growth As Market Cap Rises By N9.12bn

Trading was sluggish in the Nigerian Exchange (NGX) on Monday, February 2, as the all-share index (ASI) expanded slightly by 14.23 basis points. The ASI closed at 165,384.63 index, up from the 165,370.4 ASI reported on Friday, January 30.Join our WhatsApp Channel
Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Femi Otedola’s Investment In First HoldCo Now N362.48bn

Femi Otedola, the chairman of First HoldCo, has increased his stake in the financial institution by 6.32 percent, from 11.8 percent held at the end of 2024 to 18.12 percent as of December 31, 2025. In the company’s unaudited consolidated and separate
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

With N1.36bn Gain, Berger Paints Shareholders Profit From Robust Bottom Line

Berger Paint is having a positive run in the second
Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Traders Pay More For Forex As Dollar Rate Rises In Official, Black Markets

The Dollar was sold at N462.73 kobo on the official