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Concerns Over N142bn E-customs Contract Approval By Buhari’s Government

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Concerns of palpable wrongdoing have been raised over the recently approved N142.24 billion e-custom project by the Federal Executive Council.

Wole Badmus, the National Coordinator Forum of Non-Governmental Organizations in Nigeria, FONGON, disclosed this on Thursday while briefing journalists in Abuja.

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FEC okayed the e-Customs modernization project at N142.24 billion despite controversy.

The project was awarded to Trade Modernization Project Ltd (TMPL).

READ ALSO: Senate Approves Restructuring Of N22.7tn Debt

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But, Badmus claimed that the Minister of Finance, Budget and National Planning, Zainab Ahmed; Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN; and the Comptroller General of the Nigerian Customs Service, Col Hameed Ali, are collaborating to deplete the Comprehensive Import Supervisor Scheme (CISS) and Nigeria Export Supervision Scheme accounts.

He said the contract approval controversy is some of the clear landmines for the incoming administration.

He also alleged that Ali is collaborating with the Executive Secretary of Buhari Support Group, Hajia Zainab Jummai Ajijola, using TMPL to siphon the nation’s commonwealth.

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He added that President Muhammadu Buhari, billed to exit the seat of power in less than 26 days, must come clean to Nigerians on why he allowed Ali to hijack the e-customs project in favour of TMPL.

READ ALSO: Nigeria Serviced Debt With 96% Of Its Revenue In 2022 – World Bank

The fraudulent intention of the CG Customs further manifests in the fact that investigations at CAC show that Trade Modernisation Project Limited and Buhari Support Organization, BSO, are Siamese twins. Hameed Ali is the Chairman, while Hajia Zainab Jummai Ajijola is the Executive Secretary of BSO.

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“The foregoing has exposed the intention of Hameed Ali, with the support of the AGF and HMOF, to deplete the CISS/NESS accounts with funds running into hundreds of billions of naira.

“These are clear landmines being laid in place for the incoming administration. The desperation to access the CISS/NESS accounts before the departure of the current administration is quite suspicious.”

However, in an interview with DAILY POST, CSC Abdullahi Aliyu Maiwada, the Public Relations Officer of the Nigeria Customs Service (NCS), described the claim as false and baseless.

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According to him, the e-custom project, when actualized, would improve service delivery of Nigeria Customs.

READ ALSO: Nigeria’s Rising Debt Stock Will Affect Infrastructural Projects, Economy – Expert

This is a distraction to the successful implementation of the e-customs project. The project would improve Nigeria’s customs service delivery and reduce corruption within the sector”.

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“There is no truth in the claim”, he added.

Similarly, the Special Assistant on Media to the Minister of Finance, Budget and National Planning, Mr Yunusa Abdullahi, said the allegation is untrue.

Meanwhile, the Spokesperson to the Attorney General of the Federation and Minister of Justice, Mr Umar Gwandu, has yet to respond to a text and call by DAILY POST on Thursday.

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The development comes amid some Nigerians’ concerns about the project’s hasty approval amounting to billions by the Buhari administration in the twilight of its exit.

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NNPCL Increases Fuel Price

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The Nigerian National Petroleum Company Limited, NNPCL, has increased the pump price of premium motor spirit across its retail outlets.

It was gathered that NNPCL retail outlets in Abuja have adjusted their fuel pump price to N955 per litre from N890.

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This is the case in NNPCL retail outlets along Kubwa Expressway, Wuse and other parts of Abuja.

READ ALSO:Fuel Station Manager, Three Others Arrested For Robbery

Similarly, the pump price hike has been implemented at filling stations in Kogi and Nasarawa.

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This means that the petrol pump price was increased by N65.

This comes after independent petroleum product marketers and filling station owners in Abuja increased petrol pump prices to between N950 and N971 per litre at the weekend. Their decision followed an upward review of the ex-depot petrol price by Dangote Refinery to N858 per litre, up from N820.

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Naira Appreciates Against Dollar As External Reserves Swell

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The naira appreciated against the dollar at the official foreign exchange market on Monday to begin the week on a bullish note amid swelling external reserves.

According to the Central Bank of Nigeria’s exchange data, the naira appreciated to N1,531.95 against the dollar on Monday from N1,533.74 traded last week Friday.

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READ ALSO:Naira Continues To Appreciate Against Dollar On Official Market

This showed that the Naira strengthened by N1.79 when compared to the N1,533.74 exchanged at the close of work last week.

Meanwhile, at the black market, the naira remained stable at N1560 per litre, the same exchange rate traded on Friday.

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The development comes as Nigeria’s external reserves had maintained a modest rise to $39.54 billion as of August 1st, 2025, up from $39.36 billion on July 30th.

 

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Naira Continues To Appreciate Against Dollar On Official Market

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The naira continued its appreciation against the dollar at the foreign exchange market on Tuesday.

Accordingly, the naira strengthened further to N1,533.18 against the dollar on Tuesday, from N1,534.21 traded the previous day.

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This represents a gain of N1.03 against the dollar on a day-to-day basis and marks the second consecutive day of appreciation at the official FX market.

READ ALSO:Woman Arrested For Killing, Selling Pregnant Nurse’s Body Parts

Meanwhile, on the black market, the naira depreciated further to N1,545 per dollar on Tuesday from N1,537 traded on Monday.

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Recall that the naira had similarly closed Monday’s trading session with mixed sentiments, recording gains at the official market but depreciating at the parallel market.

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