Business A.M
No Result
View All Result
Friday, March 6, 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

Multinationals enjoy special customs services, get fast-track cargo clearance at Nigerian ports

by Admin
July 31, 2019
in Transport Business

By Samson Echenim

Despite its demerits of allowing certain trade malpractices, more multinational companies are now enjoying the fast track cargo clearance system in Nigerian seaports.

The fast track system allows the multinational companies and large Nigerian firms to take their imported goods from the seaport to their warehouse without Customs check. Customs officers are later dispatched to such warehouses to do the inspection and raise debit notes for tariffs considered appropriate.

The system has allowed importation of banned goods and drugs. For instance, in October 2016, 200 parcels of cocaine were found by Customs officials inside one of the containers of one of such multinational companies, which imported building materials through the Tin Can Port in Lagos. Nothing has been heard of the event till date, after the company denied importing the drug and pointed accusing fingers at the shipping agent who was not mentioned.

On assumption of office, the Comptroller General of Customs, Hameed Ali, a retired military colonel, had questioned the fast track system and stopped it. The system however, was reinstated to ease release of cargoes from the ever-congested seaports.

business a.m gathered that ports in Lagos have now segmented their importers into three categories, with the first segment filled by multinationals, which enjoy the fast tract cargo clearance system. The multinationals are heavy importers such as breweries, beverage makers and companies in the fast moving consumer goods sector (FMCG), whose goods need to leave the seaport as soon as they arrive, to create space for other goods and avoid congestion.

The second segment, according a Customs source, is filled by importers who have genuine excuses for not meeting up with trade benchmarks. The source however, did not detail how the intention of such importers are known.

The third category, which the customs source said are just about five percent of the importers are those who want to beat the rules. They are the non-compliant importers, who intentionally flout trade rules as required by the Customs Excise Management Act and other trade regulations, which importers are expected to abide by.

“The multinational companies are given fast track clearance as compliant traders. There is a standing order at Tin Can Port today that the if big names, such as Cadbury, Coca Cola, Nestlé and others, have a shipment at the port, it is taken by fast track. If the Customs found out later that they have underpaid in any way, the post-clearance audit section is there to address the underpayment. They can always go back to them and give them a debit note for additional payments. They are not running away,” said Segun Oduntan, chairman, Association of Nigerian Licenced Customs Agents.

“The second category are the people who would want to be compliant but for some reasons, maybe due to lack of knowledge, they will go back and compete their documentation. There is a third segment which contain those who would not want to do anything the proper way. Such people are in the minority, about five percent of the importers,” he added.

He advised clearing agents with genuine complaints to approach the chapter and provide documentary evidence with which their case can be pursued.

“If they cannot provide this, it means they belong to the third category,” he said.

Uche Ejisieme, public relations officer, Tin Can Port Customs Command, said the command was trying to “rejig and fine-tune” its operational modalities in such a way that compliant importers are treated “expeditiously in the clearance process.”

“Further to this, is our renewed commitment in ensuring that fast track beneficiaries are treated with dispatch in the value chain,” he said.

He further explained, “The command took cognisance of three distinct categories of traders: those that are ever ready to comply with the extant law as it relates to trade; those that are willing but sometimes are indeterminate; and those who are out-rightly adamant with penchant for circumventing the fiscal policies.

“Our focus is on the second category of traders. For the second category, we will continue to engage them through sensitisation for them to see the need for compliance. For the third category, we will continue to decimate their criminal content as appropriate.”

Admin
Admin
Previous Post

Adeniyi, new Lagos Int’l Airport Customs chief, seeks support of aviation stakeholders

Next Post

Cassava value chain analysis

Next Post

Cassava value chain analysis

  • 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

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

November 20, 2017

How UNESCO got it wrong in Africa

May 30, 2017

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

July 29, 2025

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

Global food prices higher in July on stronger meat, vegetable oil costs

Global food prices rise for first time in five months on cereal, oil gains

March 6, 2026
inDrive retains top download ranking amid expansion into African mobility markets

inDrive rolls out Ramadan Shukran driver appreciation campaign in Abuja

March 6, 2026
Gold hits fresh record above $3,640 as Fed rate cut bets intensify

Gold extends rally to $5,222 as weaker dollar, Asian demand lift prices

March 5, 2026
All federal airports fully insured , says Kuku

FAAN to adopt hybrid payment system at Airport toll gates after Tinubu suspends cashless rollout

March 5, 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
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

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

    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
  • Elumelu leads corporate mourning after UBA staff die in Afriland Towers fire

    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

Global food prices higher in July on stronger meat, vegetable oil costs

Global food prices rise for first time in five months on cereal, oil gains

March 6, 2026
inDrive retains top download ranking amid expansion into African mobility markets

inDrive rolls out Ramadan Shukran driver appreciation campaign in Abuja

March 6, 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