Home News Nigeria Losing Billions To Fuel Smuggling – Customs CG
News

Nigeria Losing Billions To Fuel Smuggling – Customs CG

521

The Comptroller General of Nigeria Customs Service, Bashir Adewale Adeniyi, has disclosed that Nigeria loses billions of naira to fuel smuggling.

Adeniyi, while speaking at a press briefing in Yola, Adamawa State, on Monday, described the scale of fuel smuggling in the country as an “epidemic”.

“The situation is dire… Smugglers are exploiting the price difference to reap huge profits, depriving the nation of much-needed revenue,” he said.

However, he noted that the customs had launched Operation Whirlwind, which helped it seize over 150,950 litres of Premium Motor Spirit (PMS) valued at N105.9 million in two weeks.

He admitted that the seizure was a fraction of the illegal trade’s estimated billions.

“The consequences of inaction are severe. If left unchecked, this epidemic will further deplete our foreign exchange reserves, exacerbate economic challenges, and fund illegitimate activities,” he said.

Meanwhile, an Investigative report by FIJ has indicted men of the Nigerian Customs for complicity in smuggling. 

Notably, the CG has not made any public comment on the report since it was published in February.

Read: Malawian Vice President’s Aircraft Missing, Rescue Operations Underway
Visit http://www.westafricaweekly.com for more.

 

About The Author

Related Articles

News

From St. Lucia to Brazil — Tinubu Abroad While Nigeria Bleeds

President Bola Tinubu has come under mounting criticism for embarking on back-to-back...

News

Outrage as Benue Governor Joins Tinubu in Brazil Despite Recent Massacre Crisis and Insecurity

Despite ongoing violence and humanitarian crises in Benue State, the state’s Governor,...

Image Source: AIB
NewsSecurity

Burkina Faso Raises Over $183 Million in Patriotic Support Fund in First Half of 2025

The government of Burkina Faso has raised over 101.8 billion CFA francs...

Burkina Faso Church Construction Materials
News

Burkina Faso: Assemblies of God Church Donates Construction Materials Worth $18,000 to Support Faso Mébo Initiative

The General Council of the Assemblies of God Church of Burkina Faso...