Arms Importation: Buhari Meets Turkish Leader

By Bayo Bernard High level diplomatic talks are currently on going between the Nigerian government and its Turkish counterpart. The meeting taking place in Ankra, the Turkish capital, the magazine learnt was at the instance of President Muhammadu Buhari. Buhari had arrived Turkey, yesterday October 18 where he was expected to take part in the 9th summit of the Developing 8 (D-8) tomorrow.. The relations between the two friendly nations have recently been challenged by incessant importation of dangerous arms into the country. Four times within the last eight months…

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Waking Up From Slumber

By Stephen Ubanna Mohammed Aliyu, Comptroller, Seme Command and his counterpart at Onne , Bashir Abubakar, appears to have woken up from sleep to take the Customs anti-smuggling operations serious. The duo , according to sources have been on holiday over the months as smugglers had their way in their areas of control . Aliyu, a source told the Magazine was forced to sit up with his anti-smuggling personnel when information began to make the rounds that  Seme, a  border town between Nigeria and Republic of Benin has become a…

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BDCs: End of the Road

The Central Bank of Nigeria, CBN and the Association of Bureau de Change Operators of Nigeria, differ on funding and blanket generalization of ABCON as dreadful By Shedrack Ifurueze The new regulations on foreign exchange, FOREX by the apex bank has brought to an end in the funding of BDCs on weekly basis. The CBN scheme that had been in operation for about 12 years has cost the apex regulator of the commercial banks nearly $9 billion annually based on more than $60,000 per regulator. However, in the interim the…

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Hurricane Ali

By Stephen Ubanna When President Muhammadu Buhari appointed Hameed Ali, a retired Colonel as Comptroller General, Nigeria Customs Service, NCS, with a mandate to restructure, reform and improve the Service revenue generation base, nobody gave him opportunity to succeed. This is because of the rot in the Service. Moreso, he was coming from a military background, quite different from the Customs  which has the responsibility to generate revenue  and enforce anti-smuggling operations in the country. Given his lack of knowledge of Customs operations and its internal politics, most Customs officials…

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Plummeting Naira

At last, the Central Bank of Nigeria, CBN sells the naira at all time low of N366 per dollar, thus confirming periods of speculation on the lowering of the ailing Nigerian currency rate By Shedrack Ifurueze The positive closing of the Nigerian stock market on Tuesday, October 10, 2017, was short lived as the All Share Index, ASI depreciated by 0.71 percent to close at 32,115.84 from 33,875.26 on Monday, October 9, 2017 while market capitalization increased to 11.26 trillion from 11.18 trillion was like a mixed blessing. This is…

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Why Ali’s Wings Are Clipped?

By Stephen Ubanna More facts have emerged why Hameed Ali, a retired Colonel and Comptroller General, Nigeria Customs Service, NCS, could not appoint substantive Assistant and Deputy Comptroller Generals barely two years after assumption of office. This is because he is making the appointments without the approval of the Nigeria Customs Board and operating as a Sole Administrator as against the letter of his Presidential appointment. Going by the At establishing the Customs Board, it is the only Authority that has powers to approve such appointments and confirm it. Indeed,…

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Aishah Ahmad becomes Deputy CBN Governor

In a not so surprising move, President Muhammadu Buhari has sent the name of Aisha Ahmad to the Senate for confirmation as the substantive Deputy Governor of the central Bank of Nigeria, CBN. However, the appointment has come with its own baggage of controversies. For one, the rapid promotions from AGM of Diamond bank to full fledged Director in the same Bank and appointment as Deputy CBN Governor all on the same day. This was contained in an anonymous post that alleged that the newly appointed Deputy Governor has his…

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FOU : More Troubles For Comptrollers

By Stephen Ubanna Abudulaziz Yahaya,  Usman, Superintendent , Narcotics and officer- in -charge of the Strike Force, Nigeria Drug Law Enforcement Agency, NDLEA, Lagos state and other senior officials of National Agency for Food and Drug Administration  Commission, NAFDAC and Standard Organisation of Nigeria, SON, took a time out o be at the the Nigeria Customs Service, NCS, Federal Operations Unit, FOU, Zone A, Ikeja, on Wednesday, October 4, 2017. They were at the Command on the invitation of Mohammed UbA, the Comptroller . At the Customs premises the officials…

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N3.2 Billion Fraud: ANLCA Begs Jukwe

By Bayo Bernard President Association of Nigeria Licensed Customs Agent, ANLCA Prince Olayiwola Shittu may have been embarrassed by the association’s sudden changed of gear over allegation of mismanagement of the Council funds against Registar and Chief Executive Officer of the Council for the Regulation of Freight Forwarders in Nigeria, CRFFN, Sir Mike Jukwe. ANLCA had in August this year accused Jukwe of mismanaging over N3 billion belonging to the council. The spokesman of ANLCA, Kayode Farinto raised the allegation while addressing journalists on the directive by the Minister of…

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Ibe Kachukwu letter sparks controversy

With the current trending letter of the Minister of state , Ibe Kachikwu,anti corruption war of the present All Progressives Congress government appears to have taken a hard knock in recent times as reports of financial recklessness inundate the media space. From the scandal of the former Secretary General of the Federation, SGF, Babachir Lawal,who allegedly used N270 million to clear the grass at the Internally Displaced People’s, IDP, camp by awarding the contract to his own private firm against civil service rules; to the chief of Staff, Mallam Abba…

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Untold Story Of Arms Syndicate

By Stephen Ubanna The last may not have been heard about the Nigeria Arms syndicate based in Turkey who ship Arms to Nigeria. The syndicate , according to Nigeria Customs Service, NCS, investigation preside over the export of a haul of Pump Action rifles from Turkey to Nigeria  Hameed Ali, a retired Colonel and Comptroller General, Nigeria Customs Service, NCS, is still working round the clock to to get to the root of the matter using his military background. He had initiated a meeting with Hakan Cakil, the Turkish Ambassador…

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MPR, CRR Retention: Stakeholders React

By Shedrack Ifurueze Eager to stimulate economic growth and discourage inflation in the economy, commercial banks, the Monetary Policy Committee, MPC of the CBN for the upteenth time retained the benchmark of the Monetary Policy Rate, MPR by a record 200 basis points of 14 per cent. The Monetary Policy Committee of the CBN during its two-day meeting also announced that the Cash Reserve Requirement, CRR has been reduced from 25 percent to 20 per cent. It went farther to change symmetric corridor of 200 basis points around the MPR…

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Untold Story of Arms Syndicate

By Stephen Ubanna The last may not have been heard about the Nigeria Arms syndicate in Turkey who preside over the export of Pump Action rifles to Nigeria. This is because the resheduled meeting  between Hameed Ali, a retired Colonel and Comptroller Genneral, Nigeria Customs Service, NCS, and Hakan Cakil, the Turkish Ambassador to Nigeria was eventually held at the Abuja Customs Headquarters on Tuesday, September 26, 2017It was a very stormy meeting as Ali  looked at the Turkish Ambassador eye-ball to eye-ball. Joseph Attah,  a Deputy Comptroller and the…

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Arms Importation: DSS On Trail of Importer

By Bayo Bernard A week after the Controller General of Nigeria Customs Service, NCS, Col. Hameed Ali challenged the Department of State Services, DSS to disclosed identity of those behind recent importation of arms into the country, Nigerians wait endlessly for response from the nation’s secret police. The DSS, has however launched a manhunt for the importer, sources from DSS headquarters in Abuja informed the magazine. The customs boss had passed the buck of disclosing identities of arms importers in the country, to the DSS and other security agencies at…

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Arms Seizure: Trouble Looms

President Muhammmadu Buhari silence over  Arms  export by a syndicate of Nigeria importers in Turkey to the country  creates the  fear of  a likely diplomatic war and trade embargo against the European nation By Stephen Ubanna Worried  by the activities of a Nigeria syndicate  overseeing the exports of Pump Action rifles     from Turkey to the country , Area Comptrollers and their men at the seaports, Airports and the land border stations appear to be on the red alert. The renewed alert on ant-smuggling operations is  at the instance of Hameed…

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LASG Restricts Movement On Ikorodu Road

The Lagos State Government on Thursday said that there would be partial restriction of movement on Ikorodu Road to enable it replace the dilapidated and disused steel pedestrian bridge at Fadeyi Bus Stop with a new footbridge. In a statement signed by the Permanent Secretary in the Ministry of Works and Infrastructure, Mr. Olujimi Hotonu, the government said that in its continuous drive to protect the lives of pedestrians on the highway, the disused pedestrian bridge would be pulled down to give way for a new one worthy of the status of…

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Buhari Pleads At UNGA Meeting

President Muhammadu Buhari has told a gathering of over 150 world leaders that recovery of stolen wealth from Nigeria will only be possible through their cooperation. Buhari said this while delivering his speech at the 72nd United Nations General Assembly in New York on Tuesday. The President further stated that ISIS fighters who were under fierce attacks were fleeing to the Lake Chad Basin and the Sahel where armies had weaker capacities to defeat them. He, therefore, urged world leaders to cooperate better in the fight against terrorism. Buhari said,…

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Ikorodu Lighter Terminal, A Wasted Goldmine

Multi-billion Naira  Ikorodu Lighter Terminal, Lagos,  rots away in the full glare of Customs Authority and lack  of  patronage   By Stephen Ubanna   The euphoria that  greeted the takeover of the multi-billion naira  Ikorodu Lighter Terminal formerly under the management and control of the Nigeria Ports Authority, NPA, by the Nigeria Customs Service, NCS, appears to have been defeated. This is because  economic and social activities at the terminal have been grounded to a halt contrary to  Customs Authorities promise to run the off-dock facility profitably. In taking over…

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Osinbajo Says Nigeria’s Oil Will No longer Be Profitable Soon

VICE President Yemi Osinbajo, yesterday in Ondo State declared that the country’s oil will no longer be profitable in no distant future. He spoke during the Second National Council on Niger Delta, NCND, meeting held in Akure. Painting a gloomy future of oil in the Niger Delta area of the country, the Vice President said; “Many countries are getting alternatives to oil, the development which would make the resource unprofitable in a few years. Osinbajo pointed out that the United States of America, USA, which is the largest importer of…

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Arms Haul: Customs Strengthens Enforcement Units

By Bayo Bernard   The seizure of 1,100 pump action rifles at the Tin can Island Port, Lagos is an indication that it’s no longer business as usual with men and officers of the Nigerian Customs Service of the Command particularly, since assumption of office of the no nonsense Controller General of Nigerian Customs Service, Col. Hamid Ali (rtd). The command has been up and doing since Bashar Yusuf became the Area Customs Controller of the command sometimes last year. His deployment to the command has witnessed the interception and…

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