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Finance

Nigerian officials signed loan documents in Chinese language-Ben Ibakpa, Reps member.

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officials loan Nigerian chinese language

Nigerian officials signed loan documents in Chinese language-Ben Ibakpa, Reps member.

Ben Ibakpa, a member of the house of reps, said Nigerian officials signed loan documents in the Chinese language without looking at the terms properly.

He added that the National Assembly is not being carried along by the federal government when taking loans from China.

The lawmaker who represents Ethiope Federal Constituency said the national assembly will start playing more active roles in the loan procurement process.

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On Tuesday, May 14, Ben Ibakpa, a member of the house of reps made the allegation while appearing as a guest on Channels Television.

The member of the house of reps, Ibakpa said that the loans are obtained via the China Civil Engineering Construction Corporation (CCECC). According to him, the loans are overpriced.

His words: “The National Assembly is kept in the dark in all these loans. The National Assembly is not part of it.”

President Muhammadu Buhari-led administration which campaigned with an anti-corruption mantra to do better, saying corruption is fueled by awarding of contracts. The lawmaker said.

The Senate had resolved to give approval to President Buhari’s request to raise a fresh loan of N850 billion from the domestic capital market to fund projects in the 2020 budget.

On Tuesday, April 28, the request made by President Buhari was read by Ahmad Lawan, the president of the Senate, on the floor of the Senate.

Which after the letter was read, the Senate approved the request made by the President.

The Senate also made mandated its finance and Appropriation Committees to liaise with Zainab Ahmed, the minister of finance, budget and national planning to obtain more information on the loan request.

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Agriculture

Customs Reiterates Commitment to Improve Border Security Using Smart Technology

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Author: Abass Quadri.

The Comptroller-General of Customs, Adewale Adeniyi, has reiterated the service’s commitment to using smart border technology to enhance regional security.

The CGC made this statement at the West Africa Border Security Week held in Lagos on Tuesday, 3 September 2024.

The Customs Chief, who was represented by Comptroller Babatunde Olomu, in charge of the Apapa Area Command, said that the service is meeting the demands of border protection.

He stated, “The conduct of Time Release Studies and the deployment of non-intrusive inspection technology have ensured that we can meet the demands of our border protection.

“Implementing this smart border technology in West Africa will also require a collaborative effort from governments, international organisations, and stakeholders to address the unique challenges and needs of the region.”

Regarding synergy with sister agencies, the CGC noted that numerous illicit items have been intercepted in recent months with the assistance of relevant security agencies.

“Regarding smuggling, the Nigeria Customs Service has intercepted a series of arms and ammunition. Just two months ago, we recorded 10 containers at Onne ports, as well as some at other ports,” he emphasised.

For her part, Assistant Comptroller General of Immigration Mosunmola Onilade stated that effective interagency coordination is not only desirable but essential for reducing wasteful overlap and unnecessary rivalry.

According to her, an interagency approach to crime prevention and control, as well as in preventing irregular migration, is not only imperative but very urgent. “We cannot allow rivalry between stakeholders to affect our work, which would jeopardise our national security.”

A paper was presented by the Assistant Provost Marshal, Customs Police Unit Zone ‘A’, AC Tasiu Sanusi, on the topic: “Illicit Trade and Its Implications on Border Security: The Role of the Nigeria Customs Service.”

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Customs Corner

Governor Zulum Visits Comptroller General of Customs, Emphasises Collaboration on Border Security, Trade Facilitation

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Author: Folusho Adeogun.

Borno State Governor Babagana Umara Zulum visited the Comptroller General of Customs (CGC), Bashir Adewale Adeniyi, earlier today, Friday, August 16, 2024, to express gratitude for the Nigeria Customs Service’s continued support to the State in the aspect of trade facilitation and border security.

During the meeting, Governor Zulum acknowledged the strategic importance of Borno State, which shares borders with three countries. He emphasised the need for strategic collaboration to enhance security and trade within the State.

He further expressed his appreciation to the CGC and the Nigeria Customs Service for their unwavering support in addressing the unique challenges faced by Borno State. “We are grateful for the dedication and assistance the Nigeria Customs Service has provided to Borno State. Our borders with Cameroon, Chad, and Niger require robust management, and we are keen to strengthen our relationship with the Nigeria Customs Service to ensure the safety and prosperity of our state,” Governor Zulum stated.

In response, Comptroller General Adeniyi expressed his appreciation for Governor Zulum’s visit and reaffirmed the Nigeria Customs Service’s commitment to supporting Borno State. “We appreciate the support we have received from Borno State in carrying out our core responsibilities. The Customs Service is committed to enhancing and facilitating legitimate trade while ensuring the protection of our borders,” CGC Adeniyi assured.

The meeting concluded with Governor Zulum extending an invitation to the CGC to visit Borno State, emphasising the importance of building on the existing partnership between the state and the Nigeria Customs Service.

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Customs Corner

Customs Chief Showcases N1.8B Worth of Seized Expired Drugs, Warns Against Dangerous Imports

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Author: Lucy Nyambi.

The Comptroller General of Customs (CGC), Adewale Adeniyi, has showcased tramadol seizures, expired and unregistered pharmaceutical products worth N1.8 billion at Apapa Port.

The CGC, who showcased the items during a press briefing on Thursday, 15 August 2024, highlighted the Nigeria Customs Service’s (NCS) resolve to prevent any importation that could be detrimental to the health and well-being of Nigerians.

 

His words, “While our commitment to facilitating legitimate trade remains unwavering, we are equally dedicated to ensuring that any import consignment or export cargo transiting through our ports under customs control is thoroughly checked using our non-intrusive (scanning) measures and physical examinations where necessary”.

“Today, I am here to present seizures made by our officers at the Apapa Port Command, which comprise expired and controlled pharmaceutical products with a Duty Paid Value (DPV) of NGN 1.8 billion. Aside from being expired, some of the seized drugs were imported without undergoing the necessary regulatory requirements, such as obtaining a National Agency for Food Drug Administration and Control (NAFDAC) number. We also have containers seized due to false declarations, ostensibly to evade duty payments, which amounts to smuggling”, he explained.

 

The Customs Boss noted that, in total, 12 containers were seized and in flagrant violation of Section 233 of the Nigeria Customs Service Act (NCSA) 2023.

 

In addition to the pharmaceutical products, there were two 40ft containers with 15,540 and 12,000 pieces of cutlasses and machetes. A total of 27,540 pieces of cutlasses and machetes were contained in the two containers.

 

The CGC advised port users to remain compliant and vowed to run importers of illicit items out of business.

 

“Port containers are on parade today, the owners of these truck containers, we are going to run them out of business and use them as a deterrent to others who still believe they can doubt our resilience and our commitment to rid Nigeria of dangerous products and prohibited items”, he stated.

 

He commended the response of the Customs Area Controller, Comptroller Babatunde Olomu and all his officers and men for responding adequately to the challenge he had thrown at them. “They have shown commitment and passion, and they have shown that they can indeed be counted when we are talking about patriotic Nigerians”.

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