Connect with us

News

Senate Approves N5.079trn 2024 Budget For Nigeria Customs Service 

Published

on


By Chukwuka Kanu

The Nigerian Senate has approved 2024 budget of N5.079 trillion for the Nigeria Customs Service (NCS).

The approval followed the adoption of recommendations of report of Committee on Customs, Excise and Tarrifs on Thursday at plenary.

Presenting the report, Chairman of the Committee, Senator Jibrin Isah (APC-Kogi) said the total capital expenditure emarked for the fiscal year was N706.43 billion for the 2024 financial year.

Advertisement

He said personnel cost stood at N225.99 billion representing 31.99 percent of the budget, while overhead cost was N111.76billion representing 15.82 percent.

He said cost for on going capital projects stood at N148.42billion, while new projects was earmarked N220.26billion representing 52.19 percent.

According to him, the service hopes on timely roll out of the 2024 fiscal policy measures to enable it commence implementation promptly.

He said as part of its strategy, the National Single Window project that has lingered in past years was still being pursued for better process harmonisation, standardisation and enhanced revenue generation.

Advertisement

He said the service intends to provide flexible windows for the perfection of illegally imported vehicles.

This, he said was to ensure the collection of expected import duties and 25 percent penalty charge from such category of transactions.

He said the measure would enable the government to realise more revenue.

“There will be intensive revenue recovery drive, using number of mechanisms. This shall include the Systems Audit, real time auditing, post clearance auditing, institution of revenue recovery committee and other intelligence gathering tools.

Advertisement

“The revised penalties and charges in the new Nigeria Customs Service Act, 2023 will improve the service’s revenue generation.

“The service is looking forward to the area of cargo tracking in collaboration with relevant Government agency ,Shippers Council for effective monitoring of cargo, vessel movement to diversion or theft”.

He also said decongestion of the nation’s ports was proposed towards efficient and effective port operation, adding that it was capable of yielding more revenue.

“The service anti smuggling campaign, using all required operational guide as provided within the confines of Customs laws, will be intensified. This is to ensure that illicit trade that creates sphere for revenue leakages as well as economic sabotage are reduced to the barest minimum” he said.

Advertisement
Continue Reading
Advertisement

News

BREAK-IN ! Rivers boils as CSO sh0t d3ad by 5 gunmen with his 23-year-old son

Published

on

By Kayode Sanni-Arewa

Gunmen have killed the Chief Security Officer (CSO) of the Adokiye Amiesimaka Stadium, Richard Timothy, and his 23-year-old son, Silas, at their residence in Igwuruta-Ali, near Port Harcourt, Rivers State.

Timothy’s widow, Grace, said about five gunmen dressed in black attire attacked her husband as they drove into their residence.

She explained tthat her son, a new graduate of the University of Port Harcourt, waiting for the compulsory one year National Youth Service Corps (NYSC) was also shot dead by the assailants.

Grace said: “Around 9pm on 31th January, we went to get some things. As we were coming and about entering the house, we called my son to open the gate.

“As he opened the gate we were about to enter, we saw people in black, fully armed entering with us in their car.

” They started shooting and immediately my husband opened the door, they shot him in the head, not once, not twice. They saw his son with him.

“I was able to escape but by the time I entered the house, I met my son who just graduated from UNIPORT ready to go for NYSC, his corpse on the floor.

“The police came and took his corpse and deposited at the morgue,”

The woman said the gunmen later took her into a nearby bush after shooting her husband and her son dead and requested she gave them money.

She said: “I was able to escape to the backyard. They came there, saw me and took me out of the compound towards the bush, like 50 meters from the house. At that time I knew there was no hope for me again.

“Then I tried to find out from them what the problem was and who sent them. They said they didn’t come for me but my husband. They now asked me to bring money. I told them I don’t have any money.

“Along the line they shot one of their members. So for them to be able to escape with the one with a gunshot, they left me and asked me to go back.”

She said her husband had hitherto received multiple threats from some individuals, who opposed his stance against the looting of properties at the Adokiye Amiesimaka Stadium.

She said: “The DPO (Divisional Police Officer) took me to the House and tried to find out a few things from me and said they will get back to me.

“They have been threatening him. If they go to the Igwuruta Police Station, I think they will have many files of those that have been threatening him, those that have been stealing from that stadium.

“If they (police) go there at least they will know where and how the case will look like. That will even help them because he has been going there to register all these threats in the police station because he didn’t want them to empty the Stadium.

“I think on one or two occasions around June, July he arrested two people, one from the Stadium, the other from his yard. Nigerians should help me, I don’t want my husband to die in vain because he fought for the truth.”

The Spokesperson of the State Police Command, Grace Iringe-Koko confirmed the incident saying investigation to ensure those behind the killings are apprehended and brought to book.

Iringe-Koko, in a statement said the police “received a distress call from late Timothy’s daughter about the attack and immediately dispatched its men who raced down and recovered three expended AK-47 ammunition.”

She said Timothy and his son were rushed to the hospital but were confirmed dead by the doctor on duty, adding Commissioner of Police had deployed necessary intelligence to ensure the arrest of the fleeing suspects and make them face the law.

The statement said: “The Rivers State Police Command is aware of a tragic incident which occurred on 31st, January, 2025, at about 2340hrs in Rivers State, where one Timothy, ‘m’ a 59-year-old Chief Security Officer of Adokiye Amieseimeka International Stadium, Omagwa, Port Harcourt and his first son were brutally murdered by unknown gunmen.

“The Igwuruta Division of the Rivers State Police Command received a report from Omolara, Timothy’s daughter, stating that four unknown gunmen ambushed her father and son, shooting them severely on the head, resulting in their death.

“The police swiftly responded to the scene, recovering three expended AK-47 ammunition. The victims were rushed to the hospital, but unfortunately, they succumbed to their injuries and were confirmed dead by the Doctor on duty.

“The Commissioner of Police, Rivers State, has directed the deployment of all necessary intelligence to apprehend the fleeing suspects and bring them to justice

Continue Reading

News

SEE Today’s Black Market Dollar To Naira Exchange Rate – 5th February 2025

Published

on

By Kayode Sanni-Arewa

Black Market Dollar to Naira Exchange Rate – 5th February 2025

What is the current Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki FX)?

Check out the latest black market exchange rate for the Dollar to Naira as of 4th February 2025 below. You can exchange your dollars for naira at these rates..

How much is 1 USD to NGN in the black market today?

According to sources from Bureau De Change (BDC), the exchange rate at the Lagos Parallel Market (Black Market) on Tuesday, 4th February 2025, is as follows:

Buying Rate: N1,595 per dollar
Selling Rate: N1,605 per dollar
CBN Exchange Rate for Dollar to Naira Today

It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) for forex transactions. The CBN has advised individuals and businesses to conduct foreign exchange transactions through their respective banks.

Here are the official CBN rates for 4th February 2025:

It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) for forex transactions. The CBN has advised individuals and businesses to conduct foreign exchange transactions through their respective banks.

Here are the official CBN rates for 4th February 2025:

Highest Rate: N1,502 per dollar
Lowest Rate: N1,494 per dollar
Disclaimer: The exchange rates mentioned above may differ from the actual rates at which forex is bought or sold, as prices fluctuate frequently.

Continue Reading

News

Popular Activist Najatu Insists On Ribadu’s Corrupt Remarks Against Tinubu

Published

on

By Kayode Sanni-Arewa

Popular activist and politician Najatu Mohammed has challenged National Security Adviser (NSA) Nuhu Ribadu to take legal action over her recent remarks about him

Mohammed had alleged that Ribadu previously described President Bola Tinubu as corrupt but has now aligned himself with Tinubu’s administration as NSA.

In response, Ribadu, through his lawyer Ahmed Raji, issued a letter dated February 4 demanding a public apology and retraction, stating that the claims had caused him “unquantifiable damage.”

The letter refuted the allegations, stating that Ribadu had never made such remarks about Tinubu, Senator George Akume, or Senator Orji Uzor Kalu. It also accused Mohammed of inciting public sentiment against him and attempting to damage his reputation.

The letter further warned that failure to retract the statement within seven days and publish an apology in five national newspapers would result in legal action seeking exemplary damages.

The letter read: “Privately or publicly, our client has never expressed the above viewpoint about President Tinubu and/or Senators George Akume and Orji Uzor Kalu, which you attributed to him.

“In fact, our client has never held such a viewpoint about the president; hence, it came as a complete surprise to him when his attention was drawn to the aforesaid publication by you against him.

“In the foregoing premise, our client hereby challenges you to provide evidence of your allegations therein against him; which have cast him as double-faced, duplicitous, and deceitful in the eyes of right-thinking members of the society.

“Although masked as a clarion call to the North to rise up to your perceived injustice against the North by the government of the day, your publication is also inciting violence towards our client.

“Given this far-reaching ramification of your publication, our client will not sit back and watch his hard-earned reputation and goodwill destroyed by your malicious decision to not only lay false allegations against him, but also to cause the same to be published for the world’s attention.

“Your intention to bring our client to public ridicule, opprobrium, scorn, and shame, etc., is laid bare when it is considered that you deliberately caused the same to be published on social media, where it has since gone viral.

“Surely, the damage occasioned to our client by your deliberate but ill-advised action is unquantifiable. However, our client will be assuaged if you retract the said publication and tender an unreserved public apology to him in at least 5 [five] national daily newspapers within 7 [seven] days of receipt of this letter.

“If not, we have our client’s further instructions to seek redress against you in a court of law where exemplary damages will be claimed against you. Kindly be advised.”

However, in a telephone interview with Premier Radio on Tuesday evening, Mohammed stood by her statement, insisting that Ribadu had made the remarks while serving as chairman of the Economic and Financial Crimes Commission (EFCC).

“As EFCC chairman, Ribadu once said that Tinubu was among the most corrupt persons. And among the Nigerian governors, Tinubu was number one,” she claimed.

She added that the alleged statement was available in a YouTube video and maintained that she would not issue a retraction

“What is wrong if I said he is bowing to Tinubu? What is he doing as NSA? What security is he providing to the nation? He does nothing other than praising Tinubu to secure his position,” she asserted.

Mohammed reiterated her refusal to retract her remarks and openly challenged Ribadu to take her to court.

“Nuhu Ribadu should take me to the Nigerian Supreme Court, please,” she declared.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News