Home News Finance Customs Auction 26,625 Litres of Seized Petrol At N9000/25-litre Keg In Cross River
FinanceNews

Customs Auction 26,625 Litres of Seized Petrol At N9000/25-litre Keg In Cross River

415
Customs Auction Petrol
Descriptive Image| Gettyimages

The Nigeria Customs Service (NCS) Cross River/Akwa Ibom Command has auctioned 26,625 litres of seized petrol to the public. This is according to the National Coordinator of Operation Whirlwind, Controller H.K. Ejibunu, who announced the auction in Calabar on Monday.

The seized petrol, which was intercepted five days ago, was auctioned at a discounted rate of N9000 per 25-litre keg. The petrol had been smuggled in 1,065 kegs, with a duty-paid value of N40,054,125. The kegs were seized across various locations, including Agbalagba-Ikom, Akansoko Road, and Ikom-Ogoja Road.

According to Ejibunu, the seizure followed recent interceptions in zones A and B, covering Lagos and Kebbi states. The operation was coordinated by the Office of the National Security Adviser and the NCS, in collaboration with the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The auction was reportedly approved by the Controller-General of Customs, Bashir Adeniyi.

Ejibunu stated that the NCS will continue to target petrol smuggling activities and enforce the law against those involved.

He said: “We will continue to go after them as economic saboteurs, as there’s no place for their illegal activities.”

Read alsoDangote Accuses Government of Sabotage, Offers to Sell 650,000 BPD Dangote Refinery To NNPC

After WAW Story, NSIB To Investigate Max Air Boeing 737 Landing Tyres Burst

Tanzanian Information Minister Dismissed For ‘Joking’ He Does Not Mind Rigging Elections

About The Author

Related Articles

Nigeria’s External borrowing
FinanceNews

Tinubu Government Delays Release of Signed Tax Acts to the Public

Four days after President Bola Tinubu announced the signing of four tax...

one-party state in Tinubu's administration
News

As Tinubu Urges Africa-Caribbean Unity in Saint Lucia, Over 272 Nigerians Killed in June Alone

While Nigerians deal with deadly violence, worsening hunger, and mass flooding, President...

BusinessNews

You Can’t Tax a Dead Economy: Nigeria Is Suffocating Under Its Own Policies

As Nigeria’s Central Bank clings to its benchmark interest rate of 27.5...

News

“Wike is Not a Blessing to Us, He’s a Disaster” — Workers Protest in Nigeria’s Capital Over Unpaid Wages, Poor Working Conditions

Staff members of the Federal Capital Territory Administration (FCTA) in Abuja barricaded...