By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.
  • News
    • News Menu
  • Business
  • Economy
  • Governance
  • Politics
    • North Central
      • Benue Update
      • Kogi Update
      • Kwara Update
      • Nasarawa Update
      • Niger Update
      • Plateau Update
      • FCT Update
    • North East
      • Adamawa Update
      • Bauchi Update
      • Borno Update
      • Gombe Update
      • Taraba Update
      • Yobe Update
    • North West
      • Jigawa Update
      • Kaduna Update
      • Kano Update
      • Katsina Update
      • Kebbi Update
      • Sokoto Update
      • Zamfara Update
    • South East
      • Abia Update
      • Anambra Update
      • Ebonyi Update
      • Enugu Update
      • Imo Update
    • South South
      • Akwa Ibom Update
      • Bayelsa Update
      • Cross River Update
      • Delta Update
      • Edo Update
      • Rivers Update
    • South West
      • Ekiti Update
      • Lagos Update
      • Ogun Update
      • Ondo Update
      • Osun Update
      • Oyo Update
  • Sports
    • SOCCER
      • Football
      • Sports
      • AFCON
      • NPFL
      • Premier League
    • EURO SOCCER
      • Champions League
      • Europa Conference
      • Europa League
      • La Liga
      • Boxing
      • Tennis
      • UFC
  • Editorial
  • MORE
    • Opinion
    • Entertainment
    • Investigation
    • Politics Lite
    • Publications
    • Travelogue
Reading: Customs Auctions 462 Seized Vehicles For N556m
Share
Notification Show More
Font ResizerAa
Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.
Font ResizerAa
  • Politics
  • Business
  • Technology
  • News
    • News Menu
  • Business
  • Economy
  • Governance
  • Politics
    • North Central
    • North East
    • North West
    • South East
    • South South
    • South West
  • Sports
    • SOCCER
    • EURO SOCCER
  • Editorial
  • MORE
    • Opinion
    • Entertainment
    • Investigation
    • Politics Lite
    • Publications
    • Travelogue
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports. > Blog > Business > Customs Auctions 462 Seized Vehicles For N556m
BusinessNews

Customs Auctions 462 Seized Vehicles For N556m

admin
Last updated: February 17, 2024 12:05 pm
admin
2 years ago
Share
SHARE

The Nigeria Customs Service (NCS) has announced a successful outcome from its ongoing e-auction, raking in a substantial N556.74 million from the sale of 462 impounded vehicles.

Dismissing rumours of impropriety, the NCS refuted claims by the National Association of Government Approved Freight Forwarders (NAGAFF) 100 Compliance team, which had accused the e-auction committee of engaging in a monumental fraud.

According to Alhaji Tanko Ibrahim, the National Coordinator of the Compliance Team, the committee allegedly allotted over 300 impounded vehicles to a single individual at the remarkably low rate of N10,000 per vehicle.

However, the NCS National Public Relations Officer, CSC Abdullahi Maiwada, countered these accusations in a statement, revealing that 13,605 applicants registered on the e-auction portal during five successful bidding windows. 

Out of the 476 impounded vehicles uploaded, 462 found new owners, resulting in a revenue of N556,738,736 for the government.

Maiwada strongly denied any fraudulent activities or underhand dealings within the e-auction process, emphasizing the NCS’s commitment to accountability and transparency. 

He expressed concern over the serious allegations, asserting that the NCS operates within the confines of the law, adhering strictly to established guidelines for disposing of seized/overtime goods.

In response to claims of allotting vehicles to a single individual, Maiwada stated, “This is entirely false, misguided, and spurious.” He also refuted the suggestion of a token sum of N10,000 collected as duties, emphasizing that such claims were misleading and a misrepresentation of facts.

The NCS reaffirmed its dedication to maintaining a high level of integrity in the ongoing e-auction process, designed to provide a fair playing field for all Nigerians.

You Might Also Like

We’ll Not Be Moved By Public Opinion – CJN
2023 Hajj: 14 Nigerian pilgrims die in Saudi Arabia
Oil price to hit $100, analysts forecast
IPMAN raises concerns over rising pipeline vandalism in Lagos
Alleged N2.7bn Fraud: Fmr Aviation Minister, Sirika, Daughter, others arraigned …granted 100m bail each
TAGGED:CBNFEDERAL GOVERNMENT OF NIGERIAlaw enforcementNigeria Custom ServicesSeized Vehicles
Share This Article
Facebook Email Print
Previous Article FG Reopens Abuja Store After Being Sealed Over Misleading Pricing
Next Article FG Meets Dangote, BUA Over Rising Cement Prices
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Find Us on Socials

© Nigerian Anchor. All Rights Reserved.
na_logo
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
[mc4wp_form]
Zero spam, Unsubscribe at any time.
NA Logo For Search
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?