OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...
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CUSTOMS SHED LIGHT ON DUTY VALUE VARIATIONS FOR USED VEHICLES,OTHERS.[PHOTO].#PRESS RELEASE.

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Customs Sheds Light on Duty Value Variations for Used Vehicles, Others

As part of efforts to make clarifications with regards to duty value on certain items, the Nigeria Customs Service (NCS) has disclosed that there is no uniform value for used items including vehicles.

This was made known by the Deputy National Public Relations Officer of the NCS, Timi Bomodi during a media parley held in Lagos. He added that the degree of depreciation on used Cars may not be the same even if the Cars were manufactured same period while stating that the NCS is currently looking into complaints by some importers and agents that there are variations in value and duty, using an improvised system of checking degradation of the used item being imported.

Deputy Comptroller of Customs, Bomodi also faulted the behaviour of some vehicle importers who allegedly adjust odometers on new vehicles to give a false impression of being a used vehicle that has covered high mileage with a view to evading accurate duty payment. He further highlighted several cases of false declarations, concealments and other unlawful antics by some importers and their agents to underpay taxes.

Speaking on the theme, ‘Trade Facilitation, A Tool For Enhanced Revenue Generation: The NCS Perspective’, he said the Service has achieved 90 percent automation of its operation and has surpassed it’s 2021 revenue collection target.

He also noted that despite the harsh operating atmosphere occasioned by the Covid-19 pandemic, the service collected a total of N2.3trillion between January 2021 to date thereby surpassing it’s target.

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