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Business News of Monday, 2 August 2021

Source: legit.ng

Customs issues fresh order to private airplanes owners in Nigeria

File photo of an airplane File photo of an airplane

According to the Nigeria Customs Service (NCS), about 30 private airplanes owners who have undergone the verification exercise are liable to pay the required duties.

NCS's spokesman, Joseph Attah, made this revelation on Monday, August 2, during the exercise in Abuja, Channels TV reports.

Attah explained that some of these aircraft for which the duties should be paid to the federal government were shipped into the country by the Temporary Importation Agreement (TIA), a bond that allows them to bring the jets without payment, Nigerian Tribune also reported.

He said the verification became necessary and that the service imposed the duties because many of the owners failed to make payment upon the expiration of the TIA.

Attah said the exercise will continue for the next two weeks, meaning it will come to an end by Monday, August 16.

He noted: “Considering the rising number of compliance and the number of jets that are liable for payment of duties as well as indications by those people to do so, the comptroller- general has again graciously given them another two weeks.

“And also, it will ensure every collectible revenue is collected into the coffers of the federal government.”