Business

“We don’t fix customs clearing rates” – Customs CG

The Comptroller General of the Nigeria Customs Service (NCS), Bashir Adeniyi has said that the Service does not fix rates for custom payment, and as such the fluctuations in import duty rates over the past few months cannot be attributed to the Service.


Adeniyi disclosed this during an interview session on Arise TV when asked why the exchange rate quotation for imported goods increased twice over the past six months.


The Comptroller General noted that the merger of various sectors of the forex market by the current administration has had repercussions on how Customs conducted its operations as it could no longer use rates independently unless specified through the merged windows.