WIKE TAKING LOANS FOR FCT WITHOUT NATIONAL ASSEMBLY APPROVAL – KINGIBE ALLEGES. (PHOTO).

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Wike taking loans for FCT without National Assembly approval – Kingibe alleges The senator representing the Federal Capital Territory, FCT, Ireti Kingibe, has alleged that the FCT Minister, Nyesom Wike, has been taking loans for the nation’s capital without the approval of the National Assembly. Kingibe made the allegation on Tuesday during an interview. She was discussing the FCT administration, the Abuja master plan and the oversight responsibilities of the National Assembly. According to her, records from the Debt Management Office, DMO, indicated that loans had been taken for the FCT between August 2023 and March 2026, despite Wike not appearing before the Senate to seek approval for such borrowing. “I am definitely saying Wike has been taking loans without the approval of the National Assembly. “I’m sorry to say, with all due respect to the Senate, of which I’m a member, we’re supposed to oversee him. “We’re supposed to approve, and I have brought to the attention of the leadershi...
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NIGERIA CUSTOMS SERVICE ACKNOWLEDGES STRATEGIC ROLE OF STAKEHOLDERS TOWARDS EMERGENCE AND IMPLEMENTATION OF NCS ACT 2023 . (PHOTO). #PRESS RELEASE.

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 PRESS RELEASE 


NIGERIA CUSTOMS SERVICE ACKNOWLEDGES STRATEGIC 

ROLE OF STAKEHOLDERS TOWARDS EMERGENCE AND 

IMPLEMENTATION OF NCS ACT 2023 


1. The Nigeria Customs Service (NCS) proudly recognises the invaluable 

contributions of stakeholders in shaping and actualising the Nigeria Customs Service 

Act (NCSA) 2023. This landmark legislation, which replaces the long-standing 

Customs and Excise Management Act (CEMA) and other related laws is a product 

of extensive consultations, constructive dialogue, and collaborative efforts with key 

industry players, government agencies, and other stakeholders. Their insights, 

expertise, and unwavering commitment have been instrumental in ensuring a 

robust legal framework that enhances efficiency, promotes innovation and strengthens transparency in customs operations. 


2. In line with the provisions of Section 18 (1) of NCSA 2023, the NCS is 

implementing a 4% charge on the Free On-Board (FOB) value of imports. The FOB 

charge, which is calculated based on the value of imported goods, including

 cost of goods and transportation expenses incurred up to the port of 

loading, is essential to driving the effective operation of the Service.


3. Furthermore, the NCS acknowledges concerns raised by stakeholders over the

sustained collection of 1% Comprehensive Import Supervision Scheme (CISS) 

fee (a regulatory charge imposed for funding Nigeria’s Destination Inspection 

Scheme) alongside the 4% FOB charge. As a responsive and responsible government agency, the Service wishes to assure the general public that extensive consultation is ongoing with the 

Federal Ministry of Finance to address all agitations raised by our esteemed stakeholders. 


4. Under the leadership of the Comptroller General of Customs, Bashir Adewale 

Adeniyi, the NCS reaffirms its commitment to transparency, fair 

trade practices, and efficient revenue management. All stakeholders are urged to 

support this legally binding initiative, as the measures introduced in alignment with the NCSA 

2023 reflects a balanced approach born out of extensive consultations with industry 

players, importers, and regulatory bodies.


ABDULLAHI MAIWADA

Assistant Comptroller of Customs

National Public Relations Officer

For Comptroller-General of Customs

5 February 2025

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