The Nigeria Customs Service (NCS) says it has officially introduced its ‘One-Stop-Shop (OSS)’ initiative aimed at reducing cargo clearance time to 48 hours.

NCS spokesperson, Abdullahi Maiwada, made this known in a statement on Sunday in Abuja.

Maiwada said the initiative was unveiled recently during a meeting between NCS management and Customs Area Controllers, chaired by the Comptroller-General (C-G), Adewale Adeniyi, in Abuja.

He said the meeting deliberated on the service’s modernisation agenda and the role of leadership in driving reforms across commands.

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Maiwada quoted the C-G as describing the OSS as a “transformative shift” which aligned with global best practices and the Federal Government’s Ease of Doing Business policy.

Adeniyi said the reform was designed to sanitise operations, reduce duplication of efforts and ensure predictability in customs procedures.

“The OSS initiative will not only shorten clearance time from 21 days to 48 hours, but it will also strengthen trader confidence, restore transparency and make our operations more business-friendly,” Adeniyi said.

The C-G acknowledged the role of technology in customs operations but also emphasised the importance of physical engagement with officers.

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“As much as technology has helped us, it has its limits. There are moments when physical presence, coming together under one roof, adds weight and value to our deliberations,” he said.

The NCS boss said the reform would be piloted at Apapa, Tin Can Island and Onne Ports before being rolled out nationwide.

He added that the initiative was constitutionally supported by the NCS Act 2023 and aligned with the World Trade Organisation’s Trade Facilitation Agreement (TFA).

“This is not just a policy. It is a statement of intent that reflects our determination to build a modern, transparent and trader-friendly Customs Service,” he said.

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The spokesperson said that under the OSS framework, all customs units would work jointly on flagged declarations, eliminating multiple checks and reducing delays.

According to him, consignments cleared under the OSS will not be subject to re-interception, thereby reducing costs and enhancing trade facilitation.

He said the meeting also provided a platform to review the NCS accountability framework, including a new central dashboard that tracks clearance times, interventions and stakeholder satisfaction.

The Securities and Exchange Commission (SEC) has warned Nigerians to be cautious of a rising wave of artificial intelligence (AI)-driven scams that are targeting unsuspecting investors with promises of guaranteed profits and fake celebrity endorsements.

The Commission, in a statement, recalled that platforms such as CBEX, Silverkuun, and TOFRO were operating illegally by advertising AI-powered trading systems that promised unrealistic returns.

“These platforms are not registered or regulated by the SEC, yet they continue to mislead the public with false claims of AI-driven investments. They pose serious risks to investors; hence, the Commission issued a series of disclaimers against their activities,” the Commission stated.

READ ALSO:20-year-old TikToker Peller Buys N350m Lekki Mansion, Promises To Reveal Secret Benefactors

The SEC explained that fraudsters are increasingly turning to deepfake videos and AI-generated content to lure victims, noting that manipulated videos featuring politicians, celebrities, and television hosts are being shared through Facebook adverts, Instagram reels, and Telegram groups to give fraudulent platforms an air of credibility.

According to the Commission, “Scammers are exploiting AI to fabricate endorsements and testimonials that appear genuine. This has made traditional fraud detection methods less effective, hence the need for tech-enabled regulation and greater public awareness.”

To counter the growing threat, the SEC explained that it is adopting advanced surveillance systems capable of detecting fraudulent activity in real time, adding that partnerships with the Central Bank of Nigeria (CBN) and the Nigerian Financial Intelligence Unit (NFIU) are being strengthened to enable data sharing and joint enforcement actions.

READ ALSO:FG Security Agency, Nigerian Army Move To Tackle Illicit Small Arms, Light Weapons

“We are moving from reactive to predictive oversight. This is essential in combating fraud and systemic risks in our market,” the Commission emphasised.

The regulator said it has also engaged social media companies to clamp down on misleading adverts and cautioned influencers against promoting unlicensed investment schemes.

“Any influencer or blogger found to be complicit in promoting illegal platforms will face regulatory sanctions or even prosecution,” the SEC warned.

READ ALSO:US Commits $32.5m To Support Food Security In Nigeria

The Commission urged Nigerians to take extra precautions before investing, stressing that any scheme promising daily profits, zero risk, or celebrity-backed endorsements should be treated with suspicion.

It stated: “Any investment that guarantees unrealistic returns or uses manipulated videos of public figures should immediately raise a red flag.”

The Commission further encouraged Nigerians to verify the registration status of any investment platform on its website, where a list of licensed Capital Market Operators is available.

It added that investors should confirm that registration numbers displayed on company websites match the details on the SEC portal and avoid platforms that only operate through Telegram or WhatsApp without a verifiable office address.

The newly crowned 44th Olubadan of Ibadanland, Oba Rashidi Ladoja,
The newly crowned 44th Olubadan of Ibadanland, Oba Rashidi Ladoja, has assured both local and foreign investors of an enabling business environment as he reeled out his socio-economic plan.

Ladoja, who made his first appearance at a Thanksgiving service in his honour at the Ascension of Christ Catholic Church, Bodija, Ibadan, stressed the need for the resuscitation of moribund businesses as well as the employment of the teeming youths in Ibadanland.

He said this had become imperative in order to grow the economy of not only Ibadan but Oyo State as a whole.

He stated that the throne of Olubadan was not about status or bead-wearing but about facilitating the socio-economic growth of Ibadanland.

The monarch added that this could only be achieved with the support of all stakeholders.

READ ALSO:BREAKING: Ladoja Crowned 44th Olubadan, Set To Receive Staff Of Office

According to him, “The major assignment before me as Olubadan of Ibadanland is the growth of Ibadanland.

“The status of Olubadan is not about the wearing of status but ensuring the all-round growth of the town.

“To achieve this feat, I will collaborate with the government at all levels to ensure that Ibadan and Oyo State at large maintain their pace-setter status.

“We are all governing Ibadan. I am just the coordinator. You people are the small Olubadans; I am the big Olubadan.

“Ibadan will be greater by God’s grace and with your support. I am now the king of all religious groups in Ibadan.

READ ALSO:BREAKING: Akoko Leaves Placed On Ladoja Ahead Of Crowning As 44th Olubadan

“We have never had a record of religious crisis in Ibadan because members of the various religious groups are represented in each family in Ibadanland.

“Ibadan is a fertile land for investment and economic growth. It shall continue to be well with Ibadan.”

In his congratulatory message, the Archbishop of the Catholic Archdiocese of Ibadan, Most Rev Dr Gabriel Abegunrin, described Ladoja’s installation as the new Olubadan as the unfailing providence of God, who had preserved the life of the monarch with strength and wisdom.

According to him, Ladoja’s longevity is a crown of grace, and his enthronement is a divine mandate which entrusted him with peace, unity and the progress of the Ibadan people.

The cleric hailed Ladoja for commencing his reign with an act of thanksgiving in the house of God, saying the gesture of the new monarch reflected not only his humility before God but also his deep recognition of the sacred duty of fostering harmony among all faiths.

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“Oba Ladoja has set forth a shining example of interfaith goodwill and mutual respect which will long endure as a legacy of his reign.”

Abegunrin said the church and Christian community in Ibadanland commended Ladoja as a father, leader and custodian of Ibadan heritage, pledging the church’s continued prayers and support as it looked forward to collaborating with the monarch in promoting justice, peace and the common good for all residents of Ibadan.

He, however, prayed that God would bless Oba Ladoja with continued good health, wisdom from above and divine guidance to rule with justice, compassion and courage.

The event was attended by the Olubadan-in-Council, the family of the monarch, Iyalodes and well-wishers.
(TRIBUNE)