The Nigeria Customs records seizures worth N4.7 billion in 2016 - Comptroller
The Comptroller, Federal Operations Unit, the Nigeria Customs Service, Owerri, Uba Mohammed, revealed that there was a total seizure of 307 contraband worth N4.75 billion in 2016. According to him, the figure was a combination of both the Duty Paid Value, DPV, of N3.98 billion for the contraband and N770. 34 million being an underpayment recovered as revenue.
He announced this while giving an annual report for the year 2016 to journalists in Owerri on Monday. He said the figure was in contrast to a total seizure made in the preceding year (2015) which was N2.84 billion, comprising a DPV of N2.71 billion and an underpayment recovering of N129.5 million.