Tin Can Customs collects N274.320 billion in 6 months

 

The Tin Can command of the Nigeria Customs Service has grossed revenue in excess of N274.320billion within the first six months of the year 2022.

Giving the operational performance of his command from January to June, 2022, the Command’s Area Controller, Comptroller Adekunle Oloyede, revealed that the half year revenue performance recorded a 27.50 per cent increase over the sum of N229.321 billion collected within the corresponding period in 2021.

He however disclosed that the revenue figure is just a tip of the iceberg as the command will shock the nation with its galloping and astronomical increase in its revenue in the coming months.

“We are working 24- hours from the back end of our system and we have also put all the necessary mechanism in place to block all revenue leakages”

“Even when had problem with Five-Star, I had not had anything less than 2.5 billion per day.

“Yesterday (last week Thursday), I had N4.2 billion.
” As we are rushing into the ember months, we will surprise this nation” Comptroller Oloyede boasted.

He disclosed that the controversial Vehicle Identification Number (VIN) valuation policy, whose initial teething problems have been surmounted, boosted the revenue profile of the command.

” So far, the VIN valuation has helped the command to achieve an expedited clearance process due to predictability of value- assessment, increase in revenue generation, improved ease of doing business, generation of accurate statistics for federal government and a host of others”  Comptroller Oloyede noted.

However, the command, within the first six months, made seizures with duty paid value of N1.301billion.
Some of these seizures included 145kg of Colorado(Indian Hemp), 206,000 pieces of Machetes, 640 bales of used clothes, 236,500 pieces of used shoes, 62,500 pieces of new lady’s shoes , various numbers of banned drugs and other contrabands.
According to the Customs Chief, the command also recorded an outward throughput in export cargo of 138,246.50 metric tons representing an increase by 73 per cent from 100,500 metric tons recorded in 2021, with an F.O.B value of N100,447,304,814.00 which represents an increase of 60 per cent from N66,294,630,421.00 recorded in the fiscal year 2022.

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