• Thu. Jul 18th, 2024

Tin Can Island Customs Command Generates Over N500bn Revenue – Comptroller Oloyede

Byadmin

Jan 27, 2023

The Customs Area Controller, Tin Can Island Customs Command, Comptroller AAS Oloyede said the command collected  a total of Five Hundred and Seventy-Four Billion, Two Hundred and Ninety Million, Two Hundred and Ten Thousand, Five Hundred and Ninety-Nine Naira, Thirty-Eight Kobo only (N574,290,210,599.38) between January to December, 2022.

Oloyede while addressing journalists in Lagos said Tin Can Island Customs Command ended the year, January to December 2022 with modest achievements in the Areas of Revenue Generation, Trade Facilitation, Enforcement/Anti-smuggling.

“This figure when compared to the Four Hundred and Ninety-Three Billion, Six Hundred and Eighty-Two Million, Three Hundred and Sixty-Nine Thousand, Two Hundred and Sixty-Four Naira, Thirty-Five Kobo (N493,682,369,264.35) collected in 2021 indicated an increase of Eighty Billion, Six Hundred and Seven Million, Eight Hundred and Forty-One Thousand, Three Hundred and Thirty-Five Naira, Three Kobo (N80,607,841,335.03).

This, he said  “represents a percentage increase of 16.33% over the previous year’s revenue collection and this feat could be attributed to the constant rejiging of the existing measures geared towards sustaining the Command’s Revenue profile as well as utilization of some disruptive strategic measures.”

The measures according to him includes; “periodic capacity building, reshuffling and redeployment of officers using the SWOT analysis, implementation of the VIN Valuation, Automation of the 846 procedure, re-introduction of the NIIT after the deployment of a Non-Intrusive Inspection Technology Equipment to the Command, Proper Profiling, System Audit, Proper recheck or Examination and detailed but clearly inputed Inspection Acts.”

Comptroller Oloyede said in order to sniff out improper declarations as well as offending items the command  increased surveillance on declarations and “a total of thirty-eight (38) seizures with a Duty Paid Value (DPV) of One Billion, Eight Hundred and Forty-Six Million, Three Hundred and Seventy-Two Thousand, Eighty-Three Naira, Fifty Kobo only (1,846,372,083.50)”.

“These seizures comprise of 763pkgs of Colorado (Cannabis Sativa) weighing 345.1kg with a street market value of Seven Hundred and Fourteen Million, Six Hundred Thousand Naira (N714,600,000.00) only as given by the NDLEA”

Other seizures are “5 x 40 Containers of used Motor Tyre (5060 pieces), 1,150 Bales of second hand clothings, 1,190 Cartons of 20per Cartons of Potassuem Bromate and Baking Powder, 11,392 Cartons of 1200 per Carton Armcol Injection Chloroquine Phosphate 322.5mg.5ml (IV and IM), 206,000 pieces of finished matchets, 1383 cartons of 50 rolls per carton of cigarettes and 650 cartons of 50 pieces per carton of New Ladies Shoes.

“2,666 pieces in 36 pallets of New Starter Ex-Premium Inverter Battery, 1980 cartons of Assorted Non-Alcoholic Beverages and 1048 Cartons of Tilda Basmatic Rice, others include 2594 pieces of Ammunition and 20 pieces of Arms comprising of 1 Pistol with 611090 (S/W) model JCP 40mm, 1 Used Co2 Air Pistol with accessories Cal 117(4.5m)BM, 1 Marksman repeater pistol, 6 Mace pepper gun and 10 suspected arms of various Types”.

This seizure record when compared with the 2021 record of twenty-seven (27) seizures with a DN of six hundred and seven million, two hundred and sixty-seven thousand, six hundred and seventeen naira (N607,267,617.00) only.

This shows an increase of eleven (11) seizures and one billion, two hundred and thirty-nine million, one hundred and four thousand, four hundred and sixty-six naira, fifty kobo only  (N1,239,104,466.50). 

He said in the year under review,  on export and import  “the command recorded significant increase in the FOB of Exports to the tune of $589,696,648 (#242,365,322,333.00) as against the $496,075,796 (141,985,109,159.00) recorded in the year 2021 which  represents an improvement on the FOB by 34.4% and this increase is attributed to the high quality and value of the exported commodities”.

“However, the Export report shows a decrease in Tonnage of Export from 1,723,986.8 in 2021 to 336,179.5 in 2022. The decrease in tonnage could be connected to current Government Fiscal Policy which prohibited the export of wood and wood products as well as the Global unrests with its concomitant Economic challenges.

“The increase in DPV rate could be associated with increased surveillance and intensified anti-smuggling drive, high value of seized items and the Naira-Dollar depreciation which leads to high exchange rate on imported items.

On the implementation of VIN Valuation, he said the command has “simplified and facilitated the Customs Clearance Process of Legitimately imported vehicles by providing a uniform, fair and neutral value across board on vehicles with identical brands, model and year of manufacture in line with the provisions of Article VII of the General Agreement on Tariffs and Trade (GATT) of 1994. 

“The VIN Valuation Platform helped the Command to achieve expedited Clearance Process due to predictability of value-assessment, increased Revenue Generation, improved ease of doing business as well as generation of accurate statistics for the Federal Government.

“It is pertinent to mention that most of the initial challenges at the early stages of implementation have been reduced to the barest minimum.

Comptroller Oloyede added that expectations of the command for the 2023  includes:  improved Revenue Profile, Facilitation of Legitimate Trade amongst others. 

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