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Experts laud NNPC’s acquisition of 20% stake in Dangote Refinery

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Experts laud NNPC’s acquisition of 20% stake in Dangote Refinery

Experts have backed the Federal Executive Council’s approval of the acquisition of 20 per cent minority stake by the Nigerian National Petroleum Corporation in the Dangote Petroleum and Petro-Chemical Refinery.

They made their views known in separate interviews in Lagos.

According to reports, Chief Timipre Sylva, Minister of State for Petroleum Resources, announced the approval after the virtual FEC meeting on Wednesday in Abuja.

Sylva said the acquisition was in the sum of $2.76 billion.

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Reacting to the development, Prof. Chris Onalo, Registrar and Chief Executive Officer, Institute of Credit Administration, said oil and gas sector remains the major source of revenue for the government and requires massive investment.

Onalo said the Dangote Group had taken the bull by the horns by making a huge investment that was needed to jumpstart the industry.

He said the company needed the support of all and sundry including the government.

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Customs Corner

JBPT Sector 2 Records Seizures Worth N1.6 Billion Within Six Months

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Author: Abass Quadri.

The Joint Border Patrol Team (JBPT) Sector 2, Southwest Zone, has recorded seizures of illegal goods, with a Duty Paid Value of N1.6 billion.

Deputy Comptroller Mohammed Shuaibu in charge of JBPT Sector 2, availed the team’s activities under his stewardship in a press briefing held at Abeokuta on Wednesday, 24 April 2024.

The coordinator noted that the team’s area of responsibilities, which covers all six southwestern states, is mandated to “curbing anti-smuggling activities, channelling of procedures, and combating other cross border crimes that threaten Nigeria’s national and economic security.

“The sector wishes to announce the seizures of illegal goods, which include Cannabis Sativa, secondhand clothings, and means of conveyance smuggled into the country with a Duty Paid Value of N1,663,646,360 and petroleum products valued at N52,486,215 which were auctioned out due to their inflammable nature.”

According to him, the seized goods were recorded between November 2023 and April 2024, adding that “no fewer than 15 suspects were arrested with some charged to court and others prosecuted”.

Handing over the seized Cannabis Sativa at Ogun II Command to the representative of the National Drug Law Enforcement Agency (NDLEA), Deputy Commandant Narcotics Ogun state, Nnyigide Alexander, DC Shuaibu commended the dedication, doggedness and professionalism of officers involved in the interception of the substances which would have caused more security threat.

On revenue generation, the border drill coordinator stated that N36,318,727 was generated through the issuance of Demand Notices (DN) on vehicles and other goods improperly imported into the country.

Receiving the seized Cannabis Sativa, DC Alexander thanked Shuaibu for his hard work, adding that this synergy fulfils the existing Memorandum of Understanding (MOU) between NCS and NDLEA.

In his words, “I feel highly happy that we are doing what we call sister agency collaboration, which has led to the result we have here. I expect to see more in the future because I know they are capable.”

Similarly, DC Shuaibu, who was also on a working visit to Seme and Ogun 1, Idiroko Area Commands, also handed over seized Cannabis Sativa to representatives of the NDLEA at Seme.

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Customs Corner

Customs Sensitise Retired Senior Officers on Automated Retiree Verification System

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Customs Sensitise Retired Senior Officers on Automated Retiree Verification System

By Muhammad Bashir

The Nigeria Customs Service (NCS) commenced the sensitisation program on Monday, 22 April, 2024, for the enrollment of an automated retiree verification system for high-ranking officers who have retired from the Service.

The programme, the first of its kind, was designed to serve as a platform through which all retired Deputy Comptroller Generals (DCGs), Assistant Comptroller Generals (ACGs), and Comptrollers could be electronically verified to modernise the analogue process of benefits application for retired officers.

Addressing the retirees at the Customs Headquarters in Abuja, the Comptroller-General of Customs, Bashir Adeniyi, represented by Deputy Comptroller-General of Customs (DCG) in-charge of Finance Administration & Technical Service, Festus Okun, described the initiative as timely and assured them of a seamless verification exercise.

He said, “Esteemed retirees, it is with great honour that I address you today on behalf of the Comptroller-General of Customs, Bashir Adewale Adeniyi. This initiative to engage in a seamless verification exercise is timely and proof of the service’s commitment to ensuring your welfare and well-being after years of dedicated service to the Customs Service.”

“We understand the importance of this verification process in ensuring that you receive the benefits and entitlements you rightly deserve. Rest assured, we are dedicated to making this process as smooth and efficient as possible, with the utmost transparency and accountability.

“As Deputy Comptroller-General of Customs overseeing Finance Administration & Technical Service, I assure you that your concerns and needs are our top priority. We value your contributions to the Customs, and we are committed to supporting you in every possible way as you transition into retirement. Thank you for your service, and we look forward to assisting you through this verification process.”

During the verification exercise, some retired officers who voiced their feedback applauded the initiative, stating, “This positive reception emphasises the significance of this endeavour in streamlining access to benefits and entitlements, reaffirming the dedication to serving retirees with the utmost care and diligence.”

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Customs Corner

Compt Awe Charges Officers On Performance Towards Increased Revenue Generation

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Compt Awe Charges Officers On Performance Towards Increased Revenue Generation

By Femi Anamelechi

Comptroller Michael Awe, in charge of Murtala Muhammed Airport Command, has called on officers and men of the command to rededicate themselves to duty to ensure an increase in revenue generation.

The new Customs Area Controller (CAC), while addressing officers at his inaugural parade at the command on Wednesday, 24 April 2024, called for synergy and cooperation of officers while also warning against any act of sabotage.

He said, “I need your synergy not less than 100% and above. You can do your job diligently with diplomacy, and you will achieve results. Please, and please, try to strategise to ensure your objectives are achieved. Your examination should be 100%. Our pledge is to surpass what we have been generating monthly and daily.”

The CAC also noted the need for all officers to ensure due diligence and maintain discipline in their official duties, as it is the only way to increase revenue generation.

Stating further, Comptroller Awe assured regular appraisal and commendation of officers based on outstanding performance.

“Henceforth, any officer that performs very well, either monthly or quarterly, will be appraised and commended,” he noted.

The Area Controller also urged officers to always dress properly and smartly in the official uniforms approved by the Nigeria Customs Service so as to attract self-respect and dignity.

He assured of a rewarding work relationship with their cooperation.

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