Connect with us

News

Customs auctions 25,162 litres of seized petrol to public in Sokoto

Published

on

The Nigeria Customs Service, NCS, Sokoto/Zamfara Command has auctioned 25,162 litres of seized petrol to the public in Sokoto State.

Kamal Muhammed, the Area Controller, stated this while addressing newsmen in Sokoto on Wednesday.

According to Mr Muhammed, the auction is in line with extant laws and the approval of the Comptroller General of Customs, Bashir Adeniyi.

“A few weeks ago, under the directive of the Comptroller General, we auctioned 11,270 liters of PMS intercepted by operatives of Operation Whirlwind.

“However, due to the intensified clampdown on smugglers of petroleum products, the service seized 55,164 liters of PMS within the period under review.

“This is with a Duty Paid Value (DPV) of about N39 million,” Muhammed said.

The area controller explained that the price difference of petrol between Nigeria and other West African countries made smuggling of the product a profitable venture for the smugglers.

“Even with the subsidy removal, Nigeria remains among the countries with the cheapest PMS.

“PMS is sold at an average of N701.99 per liter in Nigeria, while in Cameroon it is sold at N2,061.55, in Mali at N2,128.20, and in the Republic of Benin at N1,672.05,” he stated.

Mr Muhammed added that the smuggling of PMS has continued to create artificial scarcity in some parts of the country.

“This has also added an additional burden on the country’s scarce foreign exchange used to import the product,” he added.

He said that the auction to the general public was at a token of N180 per liter.

Mr Muhammed assured that the service would continue to protect Nigeria’s economic interests with dedication, justice, and integrity.

READ ALSO:  PDP Chairman Secondus lead protests to INEC office

Delivering the Comptroller General’s message to smugglers, he stated, “the NCS will run you out of your illegitimate business.”

NAN

 

Continue Reading

Latest from DDM TV

Latest Updates

Israel faces manpower strain as Gaza City offensive begins

Vance faces fierce protests during DC national guard visit

Texas House passes GOP redistricting bill amid fierce Democratic opposition

JUST IN: Irish rapper Mo Chara faces terror charge as free speech debate intensifies

COPDEM blasts Nigerian delegation over empty Japan trade fair stand

Coca Cola launches 2025 technical trainee program for Nigerians

Seun Kuti blasts Dangote Group over truck accident, demands accountability

Nigerian police publish official PPRO contacts for all commands

JUST IN: Tears as Nollywood legend Fabian Adibe passes away sadly

EFCC arrests 36 suspected internet fraudsters in port harcourt sting

Subscribe to DDM Newsletter for Latest News

Copyright © 2023 -2024 Diaspora Digital Media (DDM) www.diasporadigitalmedia.com. All Rights Reserved . NOTE: All opinion articles published on Diaspora Digital Media are ENTIRELY those of the authors and do not necessarily reflect the opinion of the publishers.

Get Notifications from DDM News Yes please No thanks