In response to recent interceptions of arms and ammunition destined for Bonded Terminals and Free Trade Zones, the House of Representatives Committee on Customs and Excise announced plans on Wednesday, July 10, to investigate activities within these zones nationwide.
Chairman Hon. Leke Abejide emphasized that the investigation aims to ensure compliance with regulations and prevent these areas from becoming havens for illegal activities. Non-compliant terminals may face closure as part of the committee's efforts to safeguard national security and economic stability.
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The committee commended recent Customs Service interceptions in Lagos and Rivers States, highlighting the need for vigilance and effective border protection to prevent illicit items from entering the country. Abejide underscored the importance of international cooperation and intelligence sharing in these efforts.
Furthermore, discussions on waivers and revenue targets have sparked concern, with the committee noting challenges posed by exemptions and concessions. Despite these challenges, the Customs Service exceeded its revenue target for the first half of 2024, demonstrating efficiency despite revenue loss due to policy suspensions.
The committee also expressed interest in the progress of the e-Customs modernization project, emphasizing the need to address network disruptions to enhance customs operations and revenue collection.
