Comptroller-General of Customs orders auction of seized petrol at N630 per litre

Oct. 11, 2024 - Nairametrics

The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi has ordered the auction of seized petrol in Adamawa at N630 per litre. He further announced the immediate auction of the seized products at two petrol stations in Yola, priced at N630 per litre.

Additionally, one suspect has been apprehended in connection with these smuggling activities,”The Customs chief emphasized that the seizures highlight the ongoing challenges and the need for continuous vigilance and action. What you should knowIn the years prior to the deregulation of the downstream sector of the oil industry, smuggling of petroleum products to neighbouring countries like Niger, Cameroon and Benin Republic.

In June, up to 1,800 petrol stations in the Northeast were shut down due to a row between petroleum marketers and the Nigeria Customs Service (NCS) over the Customs clampdown on petrol smuggling targeting some marketers...