Would you like to receive notifications on latest updates of the following headlines?

NCS Auctions 11,270 Literso of Seized Petrol At Official Rates

POSTED ON June 10, 2024 •   Business      BY Abiodun Saheed Omodara
Comptroller-General of Customs is Bashir Adewale Adeniyi l Credit:@CustomsNG l X

The Sokoto/Zamfara Customs Area Command has sold off 11,270 litres of confiscated Premium Motor Spirit to the public at the approved price of N180. 

This action was taken in line with the directive from the CGC to block all routes used for illegal transportation of petroleum products.

The Nigeria Security and Civil Defence Corps (NSCDC) received a truck carrying a 20ft container filled with railway tracks and three suspects from the Comptroller of Customs, Kamal Muhammed. 

The interception of 11,270 litres of premium spirit (PMS) by the Zone ” B” whirlwind tactical team, with support from the Sokoto/Zamfara Area Command, was part of the Customs Service's efforts to combat smuggling and economic sabotage of petroleum products.

The Comptroller-General of Customs, Bashir Adewale Adeniyi MFR, inaugurated the Whirlwind tactical team on May 22, 2024, to specifically target the smuggling of petroleum products to neighboring countries. The maritime and cross-border smuggling of PMS has a detrimental impact on the product's supply chain and could potentially fund criminal activities.

Despite the removal of subsidy, the smuggling of PMS imposes additional costs on the country in terms of security and foreign exchange usage. 
The Customs Service remains committed to safeguarding Nigeria's economic interests within the boundaries of the law.
In accordance with existing laws and approval from the Comptroller General of Customs, the seized PMS will be auctioned to the public at a price of 180 Naira per litre. Additionally, the Whirlwind Zone B tactical team recently auctioned 20,142 litres of PMS at the Kebbi Area Command.
On June 8th, 2024, law enforcement officials from the Command apprehended a well-known criminal organization that specializes in damaging railway tracks. 
The Command's monitoring team intercepted a truck carrying a 20-foot container filled with vandalized railway tracks and detained three suspects at Kajiji along Kebbi road. 
The suspects failed to provide evidence of authorization from the Federal Ministry of Transport and attempted to bribe the officers with N1.5 million, offering an initial cash sum of N300,000. However, the officers upheld their integrity and detained the suspects at the Command Headquarters.
The Area Command handed over the suspects, the truck, its contents, and the N300,000 cash to the Commander of NSCDC Sokoto Command for further investigation and prosecution. 
The Commander warned smugglers to stop their criminal activities as they will inevitably face the consequences of the law. 
The Command expressed gratitude to the media for their ongoing support in upholding the rule of law and protecting the nation's interests.

READ ALSO
IMF urges Nigeria to exercise fiscal caution amid economic reforms
BY Abiodun Saheed Omodara April 24, 2025 0

The International Monetary Fund (IMF) has called on Nigeria to exercise caution in its expenditures...

READ ALSO
FG urges IMF, World Bank to bolster economic reforms in sub-saharan Africa
BY Abiodun Saheed Omodara April 24, 2025 0

Finance Minister Wale Edun has emphasized the need for increased global assistance to reform economi...

READ ALSO
Nigeria's Economic Reforms Boost Sovereign Credit Profile - IMF
BY Abiodun Saheed Omodara April 23, 2025 0

The Assistant Director for Global Markets at the International Monetary Fund (IMF), Jason Wu,  ...

READ ALSO
Trade Wars Take Center Stage at IM ,World Bank Spring Meetings
BY Abiodun Saheed Omodara April 22, 2025 0

Global finance leaders are convening in Washington this week for the semi-annual meetings of the Int...

READ ALSO
Kano secures $10bn investment for renewable energy, minerals in partnership with Morocco
BY Abiodun Saheed Omodara April 21, 2025 0

KANO, Nigeria (NAN) - The government of Kano state has announced that it will secure more than $10 b...

READ ALSO
RMAFC, ALGON collaborate to strengthen LG financial autonomy
BY Abiodun Saheed Omodara April 18, 2025 0

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bell...

READ ALSO
LCCI, NIXIN call for government support to revitalize Nigeria's paper manufacturing industry
BY Abiodun Saheed Omodara April 18, 2025 0

The Lagos Chamber of Commerce and Industry (LCCI), in collaboration with NIXIN Paper Mill Nigeria Li...

READ ALSO
Cross River to rejuvenate rubber estates after out-of-court settlement with Enghaut industries
BY Abiodun Saheed Omodara April 18, 2025 0

CROSS RIVERS, Nigeria - The Cross River State Government, along with Enghaut Industries, has reached...

OUR CHANNELS:

Oyebanji, Ooni Urge traditional rulers to support investment for state development
BY Abiodun Saheed Omodara April 27, 2025 0

EKITI, Nigeria - Governor of Ekiti State, Biodun Oyebanji, alongside the Ooni of Ife, Oba Adeyeye En...


Police arrest 16-year-old with locally made firearm in Lagos
BY Abiodun Saheed Omodara April 27, 2025 0

LAGOS, Nigeria - The Lagos State Police Command has taken into custody a 16-year-old boy found with...


Lagos  taskforce launches major clean-up operation, Arrests 52 at mid hour
BY Abiodun Saheed Omodara April 28, 2025 0

LAGOS, Nigeria - The Lagos State Environmental and Special Offences (Enforcement) Unit conducted a r...


JAMB clarifies examination center allocation process amidst misinformation
BY Abiodun Saheed Omodara April 27, 2025 0

The Joint Admissions and Matriculation Board (JAMB) is offering a substantial financial incentive to...


NDLEA seizes ₦1bn worth of cannabis, Arrest three suspects
BY Abiodun Saheed Omodara April 27, 2025 0

LAGOS, Nigeria - The National Drug Law Enforcement Agency (NDLEA) has detained three alleged busines...


Family seeks Justice following Police arrest and disappearance
BY Abiodun Saheed Omodara April 27, 2025 0

The family of Osas Azenabor, who was allegedly arrested by police on November 1, 2024, in the Mile 1...


Local groups seek FG backing to fight insecurity in Nigeria
BY Abiodun Saheed Omodara April 27, 2025 0

In the face of increasing insecurity nationwide, hunters and farmers are urging the Federal Governme...


Zulum raises alarm over Boko Haram resurgence in Borno State
BY Abiodun Saheed Omodara April 27, 2025 0

Borno, Nigeria - The Governor of Borno State, Babagana Zulum has expressed concern about the re-emer...


Atiku declares 2027 elections a referendum against Tinubu's administration
BY Abiodun Saheed Omodara April 27, 2025 0

Former Vice President Atiku Abubakar has stated that the upcoming 2027 general election will not be...


CBN allows cash transactions for 2025 pilgrims to Mecca following VP intervention
BY Abiodun Saheed Omodara April 27, 2025 0

ABUJA, Nigeria - The Central Bank of Nigeria (CBN) has granted permission for the 2025 intending pil...


More Articles

Load more...

Menu