• Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Facebook X (Twitter) Instagram
Saturday, May 16
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram
Oriental News Nigeria
  • Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Oriental News Nigeria
Home»Business»NCS Shuts Rice Importers Facilities Over N23.6Bn Duty
Business

NCS Shuts Rice Importers Facilities Over N23.6Bn Duty

By orientalnewsngJuly 30, 2015No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Hyacinth Chinweuba
Abdulla Dikko
The Nigeria Customs Service (NCS)has shut the warehouses and business premises of four major rice importing firms over N23.6 billion unpaid rice duty and levies.

The Public Relations Officer of NCS, Mr Wale Adeniyi, told a news conference in Lagos that the service would also not allow discharge of the companies’ imports in any of the nation’s ports.

Adeniyi said that altogether the companies had imported a combined excess of 750,253,03 tonnes of rice, for which the service expected payment of extant duty and levies.

The customs spokesman said the service had written the affected companies severally to notify them of their duty liability at normal rate if they exceeded their quotas.

“Similarly, we published many notices in national newspapers, including where affected importers were mentioned with outstanding payments,’’ Adeniyi said.

He explained that the importers were the beneficiaries of 2014 Rice Import Quota Policy, which specified a preferential duty rate of 10 per cent and levy of 20 per cent for their imports.

“The importers and their sister or associated companies have been blocked from the Nigeria Integrated Customs Information System (NICIS), thus denying them access to make declarations.

“All these will be done preparatory to instituting full legal proceeding to compel them (importers) to pay what they owe Nigeria, when the courts are back from recess,’’ the customs spokesman said.

Adeniyi said the service had issued several ultimatum to the companies to pay the outstanding charges against them, adding that “today, we are no longer issuing ultimatum.”

ORIENTALNEWS Nigeria reports that the Rice Import Quota Policy was meant to fill a national demand gap.

The beneficiaries were rice millers who have invested in the sector and created employment in the value chain.

The policy states that the quantity imported in excess of approved quotas will be subjected to the extant rate of 10 per cent duty and 60 per cent levy.

Share this:

  • Share
  • Click to email a link to a friend (Opens in new window) Email
  • Tweet
  • Click to share on Reddit (Opens in new window) Reddit
featured NCS Shuts Rice Importers Facilities Over N23.6Bn Duty
orientalnewsng

Related Posts

SEC Advises Nigerians To Ignore Ponzi Scheme Being Promoted On Social Media 

May 15, 2026

AI Data Centers To Enhance Nigeria’s Gas Supply Network 

May 15, 2026

Nigeria, UAE Partnership To Create Robust Integrated Economic Corridor For Trade Flows

May 15, 2026

Leave A Reply Cancel Reply

The latest
  • AS NIGERIA’S CHIEF MARKETER ATTENDS AFRICA CEOS FORUM
  • FirstMobile: How to Install and Register for FirstBank’s Mobile App
  • Heirs Insurance Group Named Among Africa’s Fastest-Growing Companies In Financial Times Ranking
  • EMT Foundation Cautions Public Against Fake Empowerment Forms 
  • CGC Adeniyi Presses For Human-Centred Digital Transformation At UNILORIN Int’l Conference
  • Onne Area II Command Records ₦77.3 Billion In One Month
  • APM Terminal To Make Fresh $600 Million Investment In Nigeria
  • NSC, NSCDC, Nigeria Correctional Services Boosts Security Measures In Oyo State 
  • TRIBEST Corporate Support Group Appoints Abel Fadebi As Group Executive Director 
  • PRESIDENT BOLA AHMED TINUBU’S STATEMENT ON THE COMMENCEMENT OF APC PRIMARIES NATIONWIDE
Categories
Quick Links
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Copyright © 2026 Oriental News Nigeria. All right reserved.

Type above and press Enter to search. Press Esc to cancel.