News

Court Strips Transport Minister, CRFFN Regulatory Power Over Licensed Customs

Published

10 months ago

July 17, 2025

Editor

A Federal High Court sitting in Lagos has declared that Licensed Customs Agents, LCA shall not be subjected to regulatory control of the Minister of Transporation and the Council for the Regulation of Freight Forwarding, CRFFN or required to pay fees or obtain clearance as a condition for access to ports or renewal of their licenses under Customs Act.

The suit No. FHC/CS/765/2018 which commenced at the Federal High Court, Lagos Judicial Division, was instituted by the National Council of Managing Directors of Licensed Customs Agents, NCMDLCA against the Minister of Transportation, the Nigeria Authority, NPA and the CRFFN as defendants.

The court ruled that the Minister of Transportation lacks legal authority to issue directives regulating the business or operation of LCA, declaring null and void the directive published in the Vanguard Newspapers on August 1, 2017.

The landmark judgment delivered by Justice Daniel Osiagor, resolved that: “the regulation of LCA is governed squarely by the Customs and Excise Management Act, CEMA which provides a comprehensive legal frame for the licensing and oversight of Customs operation in Nigeria. Only the Minister of Finance, acting through the Nigeria Customs Service, NCS is statutorily authorized to regulate the business and operation of LCA.

“The Minister of Transportation is not recognized under the Customs Act as having any supervisory or regulatory role in this regard.

“Under section 4 the CRFFN is empowered to determine qualification, register freight forwarders and set standard for practice. LCA is a distinct profession from freight forwarders.

“The business and regulation of LCA fall exclusively under the Customs Act, which vests regulatory control in the Minister of Finance and NCS. The CRFFN established under the CRFFN Act 2007, is a separate regulatory body whose jurisdiction applies only to freight forwarders not LCA”

Speaking at a media briefing in Lagos, President, NCMDLCA, Lucky Amiwero, described the victory as long overdue, even as he maintained that the CRFFN and the Ministry of Transportation have no statutory authority to regulate the business or operations of LCAs.

“We are not freight forwarders. We are licensed under a different law, and this judgment affirms that distinction. “Meanwhile, Registrar of CRFFN Kingsley Igwe, said that the court ruling will not prevent the Council from collecting Practitioners operating Fee, POF from customs agents.

Speaking at a press briefing in response to the judgment, Igwe said that it remains the legally empowered authority to regulate freight forwarding in Nigeria under Act No. 16 of 2007.
(Vanguard)

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

3 hours ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

3 hours ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

5 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.