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Comptroller Dera Nnadi records 139% revenue surplus for Q1 2024

 

By Ajibola Adedoye

Tin Can Island Port Command of the Nigeria Customs Service has recorded a total collection of Three Hundred and Three Billion, Nine Hundred and Thirty Seven Million, Five Hundred and Forty-Seven Thousand, Two Hundred and Sixty Five Naira and Forty Seven Kobo (₦303,937,547,265.47) in the first quarter of 2024 (Q1 2024).

This was made known by Comptroller Dera. A. Nnadi, the Area Controller of the Command in media briefing, he stressed that this is against One Hundred and Twenty Six Billion, Eight Hundred and Fifty Eight Million, One Hundred and Eighty Nine Thousand, Two Hundred and Thirty One Naira Thirty One Kobo (₦126,858,189,231.31) recorded in the same period of 2023.

“I sincerely wish to congratulate Officers & men of the Command for embracing service delivery for our stakeholders and for teamwork which resulted to the Area Command surpassing it’s first Quarter Revenue Target for 2024 by one hundred and thirty nine percent (139%) with a difference of One Hundred and Seventy Seven Billion, Seventy-Nine Million, Three Hundred and Fifty Eight Thousand, Thirty five Naira, Thirty-Six Kobo (₦177,079,358,035.36), when compared to the same period of the year 2023.

“All effort put into place by all Units in the Area Command for this success recorded is highly appreciated.

The CAC also reminded the officers that stakeholders should be held in high esteem and treated with respect but with due diligence to identify compliant and non-compliant traders.

While giving the breakdown of revenue generated for the quarter, Compt. Nnadi stated that “The command collected a total of Eighty Eight Billion, Four Hundred and Thirty Million, One Hundred and Twenty Six Thousand, One Hundred and Twenty two Naira, Seventy-Two Kobo only (₦88,430,126,122.72) in the month of January 2024 this indicates a 107.9% upscale from the revenue collected for same period of January 2023; Forty-two Billion, Five Hundred and Thirty Six Million, Three Hundred And Thirty-Six Thousand, Thirty-Eight Naira, Eleven Kobo (₦42,536,336,038.11)

“In the month of February 2024, the Command generated One Hundred Billion, Three Hundred and Ninety-Nine Million, Three Hundred and Fifty-four Thousand, Eight Hundred and Eighty Seven Naira, Seventy-One Kobo only (₦100,399,354,887.71), this is 141.8% higher than the value collected in the same period in 2023 which is Forty-One Billion, Five Hundred and Eighteen Million, Seven Hundred and Thirty Eight Thousand, Six Hundred and Forty-Nine Naira and Nine Kobo (₦41,518,738,649.09).

“In the month of March 2024, the Command recorded the sun of One Hundred and Fifteen Billion, One Hundred and Eight Million, Sixty Six thousand, Two hundred and Fifty Six Naira, Twenty Kobo only (₦115,108,066,256.20) as against the Forty two Billion, Eight Hundred and Three Million, One Hundred and Fourteen Thousand, Five Hundred and Forty-Four Naira and Eleven Kobo (₦42,803,114,544.11) collected for March 30 2023; this is 163.9% increase”

“The Command’s Enforcement and Anti-Smuggling Unit has not relented in its effort to combat snuggling and all forms of criminality. Customs being the lead Agency at the Ports through it’s Enforcement Unit has coordinated several 100% physical examination under my supervision in collaboration with Critical Stakeholders to ensure that the command is freed of any form of non-compliance in line with the International trade cycle.

“A total of 57 packets of Heroine weighing 56.390kg with a street value of (₦902, 240,000.00); 3612 packets of Colorado Indica weighing 956.772kg with a street value of (₦4,055,400,000.00). All the seized illicit drugs have been handed over to the relevant sister agencies as directed by the Service.

Also, giving an update on the Time Release Study (TRS), the CAC said, “I have the honour to inform you that irrespective of the challenges observed, the Area Command has not relented on its efforts to ensure that the aim is achieved. The TRS as a Customs Process aims to enhance efficiency and effectiveness within Customs Operations by assessing the time it takes for goods to be released from terminals within the port premises. This will be unveiled with time, yet be assured that there is progress” he confirmed.

 

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