Customs Lost N1.3tn to Waivers – Adeniyi

The Comptroller-General of Customs, Adewale Adeniyi, has stated that the Nigeria Customs Service (NCS) lost N1.3 trillion to waivers and concessions granted to investors during the administration of former President Muhammadu Buhari this year.

Adeniyi made this statement during a public hearing organized by the Senate joint committee on the 2024–2026 Medium-Term Expenditure Framework and Fiscal Strategy.

He also mentioned that the NCS was not privy to details of the controversial Customs $3.2 billion modernization project, also known as e-Customs, approved by the Buhari administration in April.

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Represented by Deputy Comptroller General Mba Musa, the Customs chief said, “We are not privy to details of modernisation agreement of the Nigeria Customs modernisation project.”