Business A.M
No Result
View All Result
Monday, March 16, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Transport Business

Customs: Owners of seized vehicles will pay complete duty with 25% penalty

by admin
July 29, 2025
in Transport Business

Hameed Ali, comptroller-general of the Nigeria Customs Service, has directed that owners of vehicles seized or detained will pay the complete duty with 25% penalty levy.

In a circular released by AOB Fatade, assistant comptroller-general, all operations units were mandated to report action on this to the headquarters on a weekly basis.

 

“The Comptroller-General of Customs has directed that henceforth, all vehicles detained or subject to detention should be allowed to pay the correct and complete Customs duty with the 25% penalty levy.

“Furthermore, you are directed to note that all vehicles seized and taken into Customs custody (condemned by a competent court of jurisdiction in accordance with the provision of Section 167 of CEMA Cap C45 LFN 2004)shall not enjoy the above privilege consented in paragraph 1.

“Consequently, it shall attract the penalty prescribed in Section 167 referred thereto.”

Section 167 of the Customs and Excise Management act states that: “Any officer or police officer, or any other person authorised in that behalf by the Board, may at any time seize or detain anything liable to forfeiture under the customs and excise laws or which such officer, police officer or other person has reasonable grounds to believe are liable to forfeiture thereunder.

“Anything seized or detained under the customs and excise laws shall forthwith be delivered into the care of the Board and, subject to the provisions of the Third Schedule to this Act, shall, pending the determination as to its forfeiture or disposal, be dealt with, and, if condemned or deemed to have been condemned as forfeited, shall be disposed of, in such manner as the Board may direct.”

Operatives of service recently carried out an operation on a five-star hotel in Abuja and seized four vehicles.

admin
admin
Previous Post

States’ revenue collection rises by 46% in 3yrs

Next Post

Minister pledges to place priority on funding of agricultural research

Next Post

Minister pledges to place priority on funding of agricultural research

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Stress-testing systems:A financial imperative, not technical exercise

Our children’s social media use and Nigeria’s policing plan

March 16, 2026
Oil shock: Before Iran 2026, there was Yom Kippur 1973

Oil shock: Before Iran 2026, there was Yom Kippur 1973

March 16, 2026
Analysing Legend Internet beyond the NGX award

Putting commodity exchanges at centre of Nigeria’s economic policy

March 16, 2026
Handful of winners but many, many more losers in war

Handful of winners but many, many more losers in war

March 16, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Stress-testing systems:A financial imperative, not technical exercise

Our children’s social media use and Nigeria’s policing plan

March 16, 2026
Oil shock: Before Iran 2026, there was Yom Kippur 1973

Oil shock: Before Iran 2026, there was Yom Kippur 1973

March 16, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M