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Govt loses N10b to fraud in goods’ clearing – The Guardian

November 19, 2009 by Bunmi Awolusi 

The Federal Government has recorded a N10 billion loss from its operations at the four sea ports in Port Harcourt and Onne in Rivers State, Warri (Delta State) and Calabar (Cross River).

The loss was attributed to fraud in the goods clearing procedure as several companies, including the oil majors, allegedly evaded payment of duties on their imported goods and equipment.

The Nigeria Customs Services (NCS) spokesman, Wale Adeniyi, an Assistant Comptroller of Customs, said in a statement that the fraud was discovered by the Duty Investigating Team B. He said the fraud by these firms had constituted a revenue loss to the government.

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Source website: The Guardian


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