• Customs loses N600bn to diverted vehicle imports

    Customs loses N600bn to diverted vehicle imports

    Nigerian ports have lost a whopping N600 billion in the last three years due to diversion in the importation of vehicles from the nation’s ports to neighbouring ports, especially the Cotonou port in the Republic of Benin findings have revealed.

    This figure is said to be the value of the revenue that ought to have been collected by the Nigeria Customs Service (NCS) if the vehicles were shipped directly to Nigerian ports.

    This is even as activities at the terminals designated for […]