Nigeria: Govt’s Revenue Dwindles As Customs Abandon N20 Billion Worth of Cars

As against the earlier promise by the Comptroller General of the Nigeria Customs Service (NCS), Col Hameed Ali on assumption of duty as head of the service to increase federal governments revenue by auctioning seized and abandoned cars, vehicles worth over N20 billion are currently rotting away at various ports and warehouses of the service, THISDAY investigation has revealed.

Aside the over N10 billion worth of seized cars rotting away in Customs warehouses across the country, about 6,000 vehicles worth over N10 billion have been abandoned by importers at the Lagos ports.

Ali had introduced e-auction system to auction seized and abandoned vehicles last year, but the NCS under him has since abandoned the system due to its inefficiency.

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In the first week after the system was inaugurated, spokesman of the service, Joseph Attah, had said the service generated N272,115,366 from the auction of 646 vehicles under its electronic auction scheme.

Since then, nothing has been heard from the service concerning the auctions despites frequent seizures and its warehouses going out of space for vehicles.

As against the earlier promise by the Comptroller General of the Nigeria Customs Service (NCS), Col Hameed Ali on assumption of duty as head of the service to increase federal governments revenue by auctioning seized and abandoned cars, vehicles worth over N20 billion are currently rotting away at various ports and warehouses of the service, THISDAY investigation has revealed.

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Aside the over N10 billion worth of seized cars rotting away in Customs warehouses across the country, about 6,000 vehicles worth over N10 billion have been abandoned by importers at the Lagos ports.

Ali had introduced e-auction system to auction seized and abandoned vehicles last year, but the NCS under him has since abandoned the system due to its inefficiency.

In the first week after the system was inaugurated, spokesman of the service, Joseph Attah, had said the service generated N272,115,366 from the auction of 646 vehicles under its electronic auction scheme.

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Since then, nothing has been heard from the service concerning the auctions despites frequent seizures and its warehouses going out of space for vehicles.

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