Published On: Tue, Jul 25th, 2017

Customs e-auction generates N25.27million as Ali accuses banks of sabotage

The newly-introduced Customs electronic bidding exercise which started on July 1st, 2017, has so far yielded the sum of N25,375,500 into the coffers of the Federal government.

The Comptroller- General of Customs, Col,(rtd) Hameed Ali, make this disclosures in Abuja while meeting with the Chief Executive officers of duty –collecting banks.

Ali, who expressed surprise at the non-participation the banks in the e- auction process, accused them of sabotage as it was only Jaiz bank that took part in the exercise.

“I am surprised and I don’t know what to say. This is an economic sabotage. The money you are going to collect is not coming to Customs, it is not coming to me as a person, it is going to the federation account that will be distributed to the three tiers of government. So, you deny that,” he said.

He wondered that the same banks that participated in auction exercise when it was run manually distanced themselves from the on-going automated auction system, leaving only Jaiz Bank as the sole participants.

With the participation of one bank, the process was cumbersome for the bidders, who concluded that the exercise was skewed to favour Northerners and Muslims.

He was surprised that the same banks that collect duties for the Customs were reluctant to be part of the e-auction bidding process.

“For us to initiate this process and the banks pull out calls for concern. One is that we want to get some funds from there. Two, it’s going to ease the process of what we do, and it will encourage transparency in what we do. And the essence of what we do is to ensure that there is transparency in collected revenue for the federation,” he said.

Ali however said he was glad the bank CEOs were in the session to lay bare their minds on the issue for possible solution.

“I want to know if there are problems, and what the problems are,” he said.

Ali noted that fraudulent bidders had infiltrated the process by conniving with one another to circumvent the transparency and integrity of the exercise.

According to him, whoever cuts corner will be delisted from the system.

So far, he said, he could not readily state how much the service has lost as a result of the non-participation of the banks in the exercise.

The bank chiefs however took turns to explain their challenges with the e-auction bidding which were mostly technical issues.

Zenith Bank Plc said it was still trying to work on its software to participate in the exercise.

Guaranty Trust Bank said no bank would deliberately sabotage the process, but Citi Bank noted that the agreement it had with the NCS that elapsed in December 2014 was yet to be revalidated. According to the bank, the gap is that the banks were not involved in developing the e-auction process.

The parties resolved that a technical committee with representatives from all concerned parties would meet from time to time to iron out all the technical issues until the stabilization of e-auction process.

The Customs Comptroller-General also directed the e-auction committee to work with the Federal Inland Revenue Service (FIRS) to resolve the issue of Joint Tax Board Tax Identification Number.

Civil servants had complained of inability to access the platform which would enable them to benefit from the auction through the TIN required by the service.

He said civil servants were regular payers of tax, adding that their tax was usually deducted from their salary even before getting paid.

Ali said that there was the need to resolve the issue of JTB TIN, mostly used by civil servants.

“About the TIN for civil servants, I am sorry to hear this because I am also a civil servant. The problem here is we have to talk to FIRS because this is an issue which is very serious.

“Because if you have no TIN you cannot participate on this platform. I will discuss the issue with my colleague in FIRS to see how this can be resolved.

“I think civil servants should also be given this opportunity because their tax is deducted at source.

“Others will go and pay tax when they want to, so we will raise the issue with them (FIRS) and see what can be done, “Ali said.

© 2017, Hallmarknews. All rights reserved. Reference and link to this site is required if you wish to reuse any article.

Reactions from Facebook

comments and opinions

Displaying 1 Comments
Have Your Say

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Most Shared

Recent posts

  • China offshore oil coy to invest $3bn in Nigeria

    The China National Offshore Oil Corporation (CNOOC) is to invest an additional three billion dollars in its existing stakes in offshore oil and gas operations in Nigeria. Mr Ndu Ughamadu, the Nigeria National Petroleum Corporation (NNPC) spokesman said this in a statement on Sunday in Abuja. Ughamadu said Mr Yuan Guangyu, the Chief Executive Officer […]

  • Ecobank risk assets deteriorate as Kie bows out

    By FELIX OLOYEDE The exit of Ecobank Nigeria’s erstwhile Managing Director, Charles Kie, has raised a groundswell of speculation in the financial community as sector analysts believe that his exit was abrupt, untimely and suspicious. Over a period of two years, Kie had succeeded in reversing the banks bedraggled balance sheet and profit and loss […]

  • Blood, blood everywhere: Herdsmen, rustlers on the rampage

    –  Violence, a well-articulated plot to grab land – Expert  By AYOOLA OLAOLUWA Nigeria is gradually descending into a Hobbesian state with the growing killings in the Middle Belt, in addition to the destruction of lives and properties in the North West and Boko Haram insurgency in the North East. Defenseless citizens are being killed like […]

  • 2018 budget in jeopardy

    . Delay alone has reduced performance by 13% – Experts By UCHE CHRIS In all likelihood the 2018 budget will end like the three previous budgets of the President Buhari administration: a failure. Having been passed seven months after its presentation and half year gone; and with all the controversies surrounding its passage by the […]

  • MTN to miss market listing target

    By OKEY ONYENWEAKU A weak domestic economy in Nigeria may force telecommunications giant MTN to shift its earlier proposed August 2018 date for a local listing on the Nigerian Stock Exchange (NSE). Analysts believe that the date shift will allow the parties to the Offer plan a more successful listing arrangement that would guaranty full […]

  • APC crises deepens: Amaechi battles for relevance, Modu-Sheriff is new strongman

    By OBINNA EZUGWU Key actors in the ruling All Progressives Congress (APC) managed to keep up appearance to allow for a smooth transition at the party’s recently held national convention. Except for the exchange of blows among Imo and Delta States delegates, the convention was largely a success. But beneath the facade of orderliness, tensions […]

  • INEC declares Fayemi governor-elect in Ekiti

    The Independent National Electoral Commission (INEC) has declared Kayode Fayemi of the All Progressive Congress (APC) winner of the Ekiti Governorship Election held on Saturday. INEC’s Chief Returning Officer for the election, Professor Idowu Olayinka declared the result on Sunday. According to the Returning Officer, Kayode got 197,459 votes to defeat the Deputy Governor of […]

  • President Muhammadu Buhari said on Wednesday that Nigeria will soon sign up to a $3 trillion African free-trade agreement. Nigeria is one of Africa’s two largest economies, the other being South Africa. Buhari’s government had refused to join a continental free-trade zone established in March, on the grounds that it wishes to defend its own […]

  • PDP meets Obasanjo for advice on how to beat Buhari in 2019 polls

    The National Working Committee (NWC) of the Peoples Democratic Party(PDP) will meet with former President Olusegun Obasanjo in Abeokuta on Saturday to seek advice on how to achieve victory in the 2019 polls and beat incumbent Muhammadu Buhari. The National Chairman of PDP, Uche Secondus, made this known in Abeokuta while addressing journalists after a […]

  • GTBank Launches Social Impact Challenge, Aims to Fund Community Development Projects Nationwide

    Following more than two decades of consistent investment in community development, Guaranty Trust Bank plc is taking its Corporate Social Responsibility (CSR) another step further by launching a Social Impact Challenge that will fund dozens of innovative ideas designed and executed by members of the general public. Tagged #SimpleChangeBigImpact, the Social Impact Challenge invites individuals […]

  • Akpobome gives indigent girls educational lifeline

    Akpobome gives indigent girl The hope of indigent girls who have been struggling with their education has been rekindled as Mrs. Mary Akpobome, former executive director, Heritage Bank and her husband,  Mr. Atunyota Akpobome, fondly called Alli-Baba have jointly floated The Purple Girl Foundation with the purpose  of helping them live their dreams. Giving reasons […]

  • Buhari’s NLNG signature project back on track

    President Muhammadu Buhari has congratulated the board, management, staff and shareholders of the Nigerian Liquefied Natural Gas company (NLNG), the NNPC and other Joint Venture partners, Shell, Total and AGIP on the signing of the contracts for the Front End Engineering Design (FFED) of Train 7 of the Nigeria Liquefied Natural Gas Project. The President […]

  • Buhari creates unit to snoop on illegal money transfers

    President Muhammadu Buhari has signed the Nigerian Financial Intelligence Unit bill (NFIU) 2018 into law, creating a body that will henceforth monitor illegal money transfers and money laundering. The Senior Special Assistant to the President on National Assembly Matters (Senate), Sen. Ita Enang, confirmed this development while briefing State House correspondents in Abuja on Wednesday. […]

  • NCC wades into MTN’s labour issues

    The Nigerian Communications Commission (NCC) on Monday said the organisation has opened talks with critical stakeholders on MTN’s labour issues. Mr Tony Ojobo, NCC’s Director of Public Affairs, made this known in a statement by in Abuja. “NCC under the leadership of Prof. Umar Danbatta has opened talks with other critical stakeholders  through the office of […]

  • Weak purchasing power responsible for slowing inflation rate, says Chukwu

    FELIX OLOYEDE The continuous decelerating inflation rate in the country was largely due to weak purchasing power amongst Nigerians, said Johnson Chukwu, Managing Director, Cowry Asset Management Ltd. Speaking on the theme: “Economy: H1 2018 review and prospect for year end” at the second edition of the Bloomberg Media Initiative Africa (BMIA) Cohort 4 quarterly […]

  • Global outrage grows over incessant herdsmen killings

    …there is anarchy in the land – Utomi   By OBINNA EZUGWU The incessant killings in Nigeria by Fulani herdsmen seem to attracting more global attention as U.S. and U.K. have taken the government to task to stop it. During his recent visit to the U.S. by President Buhari, American President Donald had expressed concern […]