Finance Minister orders suspension of $300m Customs modernisation deal

  • 📰 TheNationNews
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 69%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

THE Minister of Finance, Zainab Ahmed, has directed the suspension of a $300m Customs modernisation deal.The directive comes

THE Minister of Finance, Zainab Ahmed, has directed the suspension of a $300m Customs modernisation deal.

According to the letter, “the House of Representatives on Thursday 10th October 2019 at the plenary passed resolution No. HR132/10/2019 mandating a joint committee on Finance, Customs and Public Petitions to investigate the curious proposed concession agreement between the consortium Bionaca Technologies West Africa Limited- , Bergman Security Consultant and Supplies – , African Finance Corporation and Huawei .

Alagbaoso said: “There are some foreign companies who are very eager to sponsor, finance and provide technical services to what they call the modernisation of Customs, without recourse to the National Assembly. “This contract was to last for seven years, from 2005 to 2012 when the service providers handed over to Nigeria Customs Service.

“In 2017 another move for customs modernisation was made by the Technical Committee on the Comprehensive Import Supervision Scheme, purported to be acting on behalf of the Federal Government called Adani Systems Nigeria Limited to modernise, maintain, develop the scanning of goods in the country in line with the pre shipment inspection act for a period of 25 years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria’s Finance Minister, Zainab Ahmed, bags new degree from ‘PMB School of Good Governance’

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Contestation as Finance minister insists FIRS will collect stamp duties, others disagree – Daily TrustThe Minister of Finance Budget and National Planning. Zainab Ahmed, has said that the Federal Inland Revenue Service (FIRS) would be in charge of sales and collection of stamp duties. This is coming despite the Senior Staff Association of Statutory Corporations and Government Owned Companies (SSASCGOC) and NIPOST workers got the assuarance of the senate … Get Minister of Communication and digital economy view on this please.
Source: Daily Trust - 🏆 13. / 51 Read more »

Kudos Nigerian Customs! – Daily TrustI have seen several reports of how the Nigerian customs officials have intercepted goods at the border. Despite the tricks and gimmicks of the smugglers. Customs have managed to uncover their moves and apprehend these criminals. This is cheering news. The rice market in Nigeria has improved since the borders have closed. I, personally, have …
Source: Daily Trust - 🏆 13. / 51 Read more »