from EMEKA OKONKWO in Abuja, NigeriaNigeria BureauABUJA, (CAJ News) – THE Nigeria Customs Service (NCS) is set to inaugurate an electronic auction (e-auction) platform to enhance revenue generation. The platform would be for goods, especially vehicles, confiscated by the tax collector in Africa’s largest albeit struggling economy. Bashir Adewale Adeniyi, the Comptroller General of Customs, said the platform to be live in the coming week, has been designed to enhance transparency in the auction process. NCS generated over N3,2 trillion (US$3,34 billion) as revenue last year. The customs agency made over 3 800 seizures in 2023, with duty paid value totalling above N16 billion ($16,7 million).

Source: Ethiopian News January 15, 2024 15:02 UTC