NDIC, EFCC STRENGTHENS COLLABORATION FOR ASSET RECOVERY, PROSECUTION OF BANK FAILURE OFFENCES

NDIC, EFCC STRENGTHENS  COLLABORATION FOR ASSET RECOVERY,  PROSECUTION OF BANK FAILURE OFFENCES

caption: MD, NDIC Mr. Thompson Oludare Sunday, Executive Chairman of the EFCC, Mr. Olanipekun Olukoyede,

Bisi Akingbade 

The Managing Director and Chief Executive of the NDIC, Mr. Thompson Oludare Sunday, has reaffirmed NDIC commitments to strengthened corporation with the  Economic and Financial Crimes Commission, EFCC to enhance the recovery of failed banks’ assets and debts as well as the investigation and prosecution of persons who contribute to the failure of banks.

Mr. Sunday made this known during a courtesy visit by the Management of the Corporation to the Executive Chairman of the EFCC, Mr. Olanipekun Olukoyede, at the Commission’s Headquarters in Abuja. The delegation included the Executive Director, Corporate Services, Mrs. Emily Osuji, the Executive Director, Operations, Dr. Kabir Katata, as well as other key Directors of the Corporation.

He explained that effective collaboration with the EFCC is critical to the successful liquidation of failed banks, which involves asset realisation and debt recovery, the proceeds of which are applied to the payment of uninsured deposits. He noted that addressing cases of asset stripping and concealment of assets requires close partnership with the EFCC through enhanced asset tracing, recovery and enforcement actions. He also identified areas of collaboration in the Corporation’s efforts in addressing banking fraud and financial crimes in the banking system and the prosecution of individuals who contribute towards bank failure.

He emphasised that, through the effective implementation of its four core mandates of Deposit Guarantee, Bank Supervision, Distress Resolution and Bank Liquidation, the NDIC contributes significantly to ensuring the stability of the financial system. He added that the ultimate objective of the Corporation is the protection of depositors’ funds, prompt payment of depositors in the event of bank failure and strengthening public confidence in the financial system. Noting that the NDIC and the EFCC share core values of integrity, professionalism and collaboration, he described the visit as a formal engagement towards strengthening institutional partnership, particularly in areas where EFCC’s investigative and prosecutorial capabilities are crucial to the achievement of NDIC’s mandates.

In his response, the Executive Chairman of the EFCC, Mr. Olanipekun Olukoyede, reaffirmed the Commission’s strong working relationship with the NDIC in addressing financial crimes in the banking sector. He acknowledged the longstanding cooperation between both institutions, especially in investigations and capacity building on the intricacies of banking operations.

Mr. Olukoyede informed the delegation about key departments within the Commission, including the Bank Fraud Section, which handles NDIC-related cases. He urged the Corporation to bring forward any pending cases for prompt review to ensure better traction and effective monitoring of progress.

He also highlighted the role of the EFCC’s Fraud Risk Assessment and Control Department, which focuses on proactive monitoring of compliance, promotion of sound risk management processes, and internal controls within public and private sector 

institutions. 

He described this as part of the EFCC’s broader efforts to support and safeguard the Nigerian economy.

The EFCC Chairman pledged the Commission’s continued commitment to deepening collaboration and strengthening synergy with the NDIC in combating financial crimes, enhancing asset recovery, and prosecuting those whose actions undermine the stability and integrity of Nigeria’s banking sector.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

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SIFAX Marine Targets Asset-Led Growth in 2026

SIFAX Marine Targets Asset-Led Growth in 2026

Executive Director of SIFAX Marine, Afolabi Olayinka, 

…Positions for Stronger Participation in the Oil and Gas Market

SIFAX Marine Services Limited has announced a far-reaching expansion strategy for 2026 aimed at driving asset-led growth and repositioning the company as a stronger contender in Nigeria’s offshore and oil and gas marine services market.

According to Afolabi Olayinka, Executive Director of SIFAX Marine, the plan marks a decisive shift from revenue growth driven mainly by rate increases to a more sustainable and scalable model built on vessel ownership and fleet expansion.

He said: “Our experience over the past year has made one thing very clear, sustainable and exponential growth will only come from deliberate investment in marine assets that we own and control. While rate adjustments supported revenue performance in the last financial year, the future of SIFAX Marine lies in building a strong owned fleet that gives us capacity, resilience, and long-term competitive advantage.”

To translate this vision into action, SIFAX Marine plans to acquire additional sea-going barges, creek vessels, and offshore support vessels. These assets are expected to significantly boost operational capacity, deepen market reach, and unlock higher-value contracts, particularly within the oil and gas sector.

By expanding its owned fleet, SIFAX Marine aims to retain more value within the business while offering clients greater consistency, responsiveness, and certainty in service delivery.

A central pillar of the 2026 strategy is increased participation in oil and gas projects. The company plans to acquire vessel types required for higher regulatory categorization, enabling it to access more opportunities on industry tender platforms and improve its prequalification prospects with major operators.

“Asset expansion is not just about growth, it is about readiness,” Olayinka explained. “Our focus is to ensure that SIFAX Marine is properly equipped to respond swiftly to market demand, especially in offshore support and oil and gas marine services where capacity, compliance, and reliability are critical.”

This regulatory readiness drive is expected to position the company for technically demanding and higher-margin offshore contracts that have traditionally been out of reach for operators without sufficient owned assets and compliance credentials.

Beyond vessel acquisition, SIFAX Marine is also exploring strategic partnerships and joint ventures to accelerate market entry and scale operations faster. In addition, the company is considering expansion into vessel management and other complementary services that support offshore operations, further strengthening its value proposition as a full-spectrum marine services provider.

About SIFAX Marine Services Limited

SIFAX Marine Services Limited is a leading provider of marine logistics and offshore support services in Nigeria, serving ports, terminals, and oil and gas operations across the country’s coastal and inland waterways.

-end-

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Oyo/Osun Command Seizes Contrabands worth N2.7 billion, Generates N8.3billion Revenue

Oyo/Osun Command Seizes Contrabands worth N2.7 billion, Generates N8.3billion Revenue 

Bisi Akingbade 

The Customs Area Controller, Oyo/Osun , Comptroller Wale Moses Adewole, has disclosed  a significant seizure with the sun of ₦2,701,762,558.00k made within the period under review and generated ₦8,374,471,941.10k as revenue in December 2025

He made this disclosure during his maiden  press briefing at the command 

His word: "I warmly welcome you to my first press briefing of the year 2026 as the Acting Customs Area Controller of the Oyo/Osun Area Command. 

"Within the period under review, the Oyo/Osun Area Command recorded notable operational successes in line with the Service’s mandate of revenue generation, suppression of smuggling, and protection of the national economy.

"Within one month of my assumption as the acting-controller, the Command made significant seizures with a cumulative Duty Paid Value (DPV) of Two Billion, Seven Hundred and One Million, Seven hundred and Sixty-Two Thousand, Five Hundred and Fifty-Eight Naira Only (₦2,701,762,558.00k); 

The  seized items are highlighted as follows:

Foreign Parboiled Rice

2,234 (50kg) Bags

₦385,210,215.00k, Used Tyres

1,112 Pieces, ₦256,392,990.00k, Premium Motor Spirit

562 (25Litre) Kegs ₦33,683,119.00k, 

Used Clothes 124 Bales ₦782,444,250.00k, Cannabis Sativa (Indian Hemp) 37 Wraps ₦4,256,156.00k

Codeine Syrup

15 Pieces ₦432,169.00, Tramadol

10 Packs (250MG) ₦17,286,750.00k

Used Shoes 42 Sacks ₦424,507,242.00k

Others includes Foreign Spaghetti 110 Cartons ₦8,549,888.00k, Used Compressors 150 Pieces ₦15,000,000k

Pharmaceuticals 107 Cartons ₦119,180,250.00k TOKUNBO: Toyota 1 ₦95,862,375.00k Camry 1 ₦59,590,125.00k, Hyundai Sonata

1₦95,862,375.00k, Hyundai Jeep 1₦47,931,188.00k, Chevrolet EQ, Mercedes GLE 1 ₦103,635,000.00k

MEANS OF CONVEYANCE:₦69,018,750.00k

Volvo Truck 1 ₦42,673,275.00k

Volkswagen Bus  J5 3 ₦140,246,441.00k with total amount ₦2,701,762,558.00k

He said these items were intercepted at various flashpoints across the Command’s Area of Responsibility through credible intelligence, sustained patrols, and strategic enforcement operations.

In the area of revenue generation, the command collected the total amount  of ₦8,374,471,941.10k (Eight Billion, Three Hundred and Seventy-Four Million, Four Hundred and Seventy-One Thousand, Nine Hundred and Forty-One Naira, Ten Kobo) for the month of December 2025. 

However, it is worthy of note that the Command’s surpassed the Revenue target of the year 2025; ₦86,297,581,081.00k (Eighty-Six Billion, Two Hundred and Ninety-Seven Million, Five Hundred and Eighty-One Thousand, Eighty-One Naira Only) with a Revenue Target Surplus of ₦13,135, 424, 793.29k (Thirteen Billion, One Hundred and Thirty-Five Million, Four Hundred and Twenty-Four Thousand, Seven Hundred and Ninety-Three Naira, Twenty-Nine Kobo) resulting to a 15.22% increase in the year 2025 revenue target. This reflects on improved compliance, effective monitoring, and the commitment of officers to lawful trade facilitation.

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Nigeria Customs to facilitate temporary importation of Military Equipment @ Africa’s First Defence and Security Exhibition

Nigeria Customs to facilitate temporary importation of Military Equipment @  

Africa’s First Defence and Security Exhibition

Bisi Akingbade 

Nigeria Customs Service, NCS, has reaffirmed its strong institutional support for Africa’s first-ever comprehensive Defence and Security Exhibition, scheduled to be hosted by Nigeria in 2026, in what is expected to be a landmark event positioning the country as a continental hub for defence innovation, security collaboration, and industrial advancement.

The exhibition, tagged Africa International Defence and Security Exhibition, AFRIDECS, was unveiled during a courtesy visit by the AFRIDECS Steering Committee to the Nigeria Customs Service Headquarters in Abuja on Tuesday, 21 January 2026.

The delegation was led by the Director-General of the Defence Industries Corporation of Nigeria, DICON, Major General Babatunde Alaya, who disclosed that the 2026 exhibition would convene military institutions, security agencies, government ministries, defence manufacturers and international partners from across the globe.

Major General Alaya explained that AFRIDECS is designed to showcase Nigeria’s indigenous defence manufacturing capacity and technological innovation across land, sea, air, cyber and space domains, while also providing a global platform for the exchange of cutting-edge security solutions.

“AFRIDECS is conceived to showcase indigenous capabilities and manufacturing, while leveraging the expertise and experience of international defence manufacturers. It will serve as a convergence point for defence, security and technology stakeholders to exchange ideas and innovations,” he stated.

He added that the exhibition is strategically positioned to become Africa’s premier defence and security showcase, reflecting Nigeria’s growing influence in defence industrialisation, regional security cooperation and strategic innovation.

According to him, a multi-agency Steering Committee constituted by Defence Headquarters is overseeing the planning and execution of the event.

Representing the Comptroller-General of Customs (CGC), Adawale Adeniyi, Deputy Comptroller-General of Customs (DCG), Dera Nnadi reaffirmed the Nigeria Customs Service’s readiness to play a critical facilitative and regulatory role in ensuring the success of the exhibition.

DCG Nnadi describes AFRIDECS not only as a security-driven initiative but also as a significant economic, cultural, and diplomatic opportunity for Nigeria.

“This is beyond the security implications. For us in the Nigeria Customs Service, it is an economic opportunity, a cultural gain and a platform to project the best of Nigeria to the international community. Customs will play its role in facilitating legitimate trade while ensuring strict regulatory compliance,” he said.

He assured the Steering Committee of the Service’s commitment to providing seamless Customs processes, particularly in the temporary importation of exhibition equipment, to guarantee ease of entry and exit without compromising national security standards. 

Also speaking, Deputy Comptroller-General of Customs Timi Bomodi, in charge of Enforcement, Inspection and Investigation, commended DICON for initiating what he described as a bold and strategic exhibition with far-reaching implications for national security and economic development.

DCG Bomodi noted that while the Nigeria Customs Service has extensive experience in handling international exhibitions, AFRIDECS is particularly unique due to the sensitive nature of the items involved, which will primarily consist of military hardware and defence equipment.

He explained that Customs would adopt simplified, transparent temporary importation procedures, provided that all regulatory requirements are met. He stressed the importance of advance notification, detailed documentation and the submission of End User Certificates to ensure proper control, accountability and compliance with national and international regulations.

The Africa International Defence and Security Exhibition, the first of its kind on the continent, is expected to further strengthen Nigeria’s image as a leader in defence innovation, deepen international cooperation, unlock economic opportunities, and reinforce the country’s national security architecture, with the Nigeria Customs Service positioned as a key enabler of its success.

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Post-Clearance Audit: WCO, WBG Trains Customs on WCO Accelerate Trade Facilitation Programme

Post-Clearance Audit: WCO, WBG Trains Customs on  WCO Accelerate Trade Facilitation Programme 

Bisi Akingbade 

The Nigeria Customs Service, NCS, in collaboration with the World Customs Organisation, WCO, and the World Bank Group, WBG, on Monday, 19 January 2026, commenced the WCO Accelerate Trade Facilitation Programme as part of ongoing efforts to strengthen trade facilitation, enhance compliance, and deepen customs modernisation in Nigeria.

The programme is designed to review previously agreed objectives and confirm the strategic approach for implementing key reform initiatives, particularly in the area of Post-Clearance Audit (PCA). The mission provides a platform for assessing progress made so far, while identifying practical steps for improving efficiency, transparency, and risk-based compliance management across customs operations.

Speaking at the opening session, the Deputy Comptroller-General of Customs, Kikelomo Adeola, who represented the Comptroller-General of Customs, Adewale Adeniyi, emphasised that Post-Clearance Audit remains a critical pillar of modern customs administration. She noted that an effective PCA framework supports informed risk management, strengthens voluntary compliance and facilitates legitimate trade without compromising revenue assurance.

“This mission underscores the strong partnership between the WCO and the Nigeria Customs Service. It reflects our shared commitment to strengthening PCA frameworks, enhancing officers’ technical competencies and institutionalising best practices that promote voluntary compliance while safeguarding revenue,” she remarked.

Quoting renowned author Brian Herbert, she added; "The capacity to learn is a gift, the ability to learn is a skill, but the willingness to learn is a choice. The Nigeria Customs Service has chosen to make PCA work in our country.”

Also addressing participants, James Clark, a Trade Facilitation Expert with the WCO, commended the NCS for the significant progress achieved within a short period. He observed that Nigeria’s trade facilitation reforms reflect a broader national commitment to improving the ease of doing business and aligning customs procedures with global best practices.

“The creation of the PCA Manual was an impressive piece of work. Beyond that, the steps taken to operationalise it and your commitment to building a world-class PCA programme within the NCS have been remarkable,” he said.

“It is not an easy task to achieve what you have done. There is still more work ahead, but the progress recorded so far has been truly commendable.”

In her remarks, the Deputy Comptroller-General of Customs in charge of Tariff and Trade, Caroline Niagwan, highlighted the deliberate steps taken by the Service in strengthening Post-Clearance Audit and risk management systems. According to her, these measures are aimed at enhancing compliance, improving revenue collection, facilitating legitimate trade, and safeguarding national economic interests.

Similarly, the Assistant Comptroller-General of Customs in charge of Post-Clearance Audit, Babatunde Olomu, described the week-long programme as timely and strategic. He noted that the engagement comes at a critical stage in the Service’s reform journey and will further strengthen institutional capacity in audit-driven compliance and trade facilitation.

The WCO Accelerate Trade Facilitation Programme, which runs from 19 to 23 January 2026, underscores the Nigeria Customs Service’s sustained commitment to collaboration with international partners in driving reforms that promote efficient trade, transparency, and economic growth.

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Oyetola Hosts Ambassador of Denmark, Woos Danish Investors to Nigeria’s Blue Economy Sector

Oyetola Hosts Ambassador of Denmark, Woos Danish Investors to Nigeria’s Blue Economy Sector

CAPTION
L-R: Permanent Secretary, Federal Ministry of Marine and Blue Economy, Mrs. Fatima Sugra Mahmood; Honourable Minister of Marine and Blue Economy, His Excellency Dr Adegboyega Oyetola, CON and the Ambassador of Denmark to Nigeria, Mr Jens Ole Bach Hansen, when the Danish Ambassador visited Minister Oyetola in his office in Abuja on Tuesday.

... Commends APM for strategic contribution to modernisation, Efficiency of Nigeria's Maritime infrastructure 

Bisi Akingbade 

The Honourable Minister of Marine and Blue Economy, His Excellency Dr Adegboyega Oyetola, CON, today, Tuesday 20th January 2026, hosted the Ambassador of Denmark to Nigeria, Mr Jens Ole Bach Hansen, in his office in Abuja, using the occasion to strongly court Danish investors to Nigeria’s fast-growing marine and blue economy sector.

Welcoming the Ambassador, Dr Oyetola described Denmark as a valued maritime partner and expressed Nigeria’s readiness to deepen bilateral cooperation in unlocking the enormous opportunities within the marine and blue economy. He assured Danish investors of a favourable investment climate, strong institutional support and promising returns in Nigeria’s maritime sector.

The Minister thanked the Government of Denmark for its support towards Nigeria’s election into Category C of the International Maritime Organization (IMO) Council in November 2025, noting that the achievement has further strengthened Nigeria’s standing in global maritime affairs. 

He also commended Danish investment in Nigeria’s port sector through APM Terminals, which operates in the Apapa and Onne Ports, describing it as a strategic contribution to the modernisation and efficiency of Nigeria’s maritime infrastructure.

In the press release issued by the Special Adviser to the Honourable Minister, Federal Ministry of Marine and Blue Economy, Dr. Bolaji Akinola highlighted that Dr. Oyetola briefed the Ambassador extensively on the Ministry’s ongoing reforms and initiatives aimed at harnessing Nigeria’s marine and blue economy potential. These include the development of a National Policy on Marine and Blue Economy, strengthened maritime security that has led to the elimination of piracy in Nigerian waters and a significant reduction of incidents in the Gulf of Guinea, port modernisation programmes, revitalisation of inland waterways, fisheries and aquaculture development, and conservation of marine biodiversity.

He noted that these initiatives are designed to drive sustainable economic growth, create employment, boost trade facilitation and position Nigeria as a leading maritime hub in Africa. The Minister reiterated his invitation to Danish investors to take advantage of these opportunities, assuring them of government’s commitment to protecting investments and ensuring long-term sectoral growth.

Speaking earlier, Ambassador Jens Ole Bach Hansen congratulated Nigeria on its election into Category C of the IMO Council, describing it as a recognition of Nigeria’s growing leadership in maritime affairs. He explained that membership of the IMO Council offers Nigeria a strategic platform to influence global maritime policy, contribute to international ocean governance, and participate in key decisions on maritime safety, security and environmental protection.

The Ambassador expressed confidence that Nigeria would bring its experience and regional influence to bear in advancing international maritime cooperation. 

He noted that Denmark and Nigeria share common interests in the marine and blue economy and expressed delight that APM Terminals has invested approximately USD 1.2 billion in Nigerian ports, with plans to make further investments to expand its operations.

He also highlighted Denmark’s global expertise in wind energy and green maritime technologies, stating that his country is open to sharing knowledge and experience with the Federal Ministry of Marine and Blue Economy in renewable energy and other sustainable maritime solutions. He affirmed Denmark’s readiness to explore broader collaboration with Nigeria in developing its marine and blue economy sector.

Both parties agreed to sustain engagement and work together to identify further areas of partnership, investment and technical cooperation in advancing Nigeria’s maritime and blue economy agenda.

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Comptroller Matawale Emphasises Discipline, Integrity, Professionalism @ Kebbi Area Command 1st 2026 Parade

Comptroller Matawale Emphasises Discipline, Integrity, Professionalism @ Kebbi Area Command 1st 2026 Parade 

Bisi Akingbade 

The Kebbi Area Command of the Nigeria Customs Service, NCS, has convened its first parade of the 2026 operational year, bringing together officers and men of the Command in a ceremony that combined solemn remembrance, renewed commitment to national duty and a comprehensive health screening for all personnel.

Comptroller Ibrahim MM MNIM, fdc extended New Year wishes to officers and their families, and paid tribute to fallen colleagues who lost their lives in service, offering prayers for their souls and comfort for their families.

In his address, he  expressed deep appreciation to the Comptroller General of Customs, Bashir Adewale Adeniyi MFR, PhD, Chairperson of the World Customs Organization, WCO, Council, for his visionary leadership, unwavering support, and dedication to the welfare of officers across the nation.

He noted that the CGC’s commitment to professionalism, innovation, and discipline continues to inspire the Service to new heights of excellence.

Comptroller Matawalle emphasized that the parade was more than a routine gathering, it was a moment of reflection, recommitment, and renewed dedication to the Service’s core mandate; securing Nigeria’s borders, protecting the national economy, preventing smuggling and economic sabotage and facilitating legitimate trade and revenue generation. He urged all officers to embody loyalty, vigilance, and excellence in their duties.

He charged officers to uphold the 7Cs of the Nigeria Customs Service Courtesy without loss of dignity, Clear questions, Careful examination, Clean hands in all respects, Command attention, Control situations, and Consult colleagues. These principles, he stressed, are essential guides for conduct at border posts, in the field, and within the Command.

Discipline was highlighted as the bedrock of the Service. The CAC made clear that negligence or any betrayal of trust would not be tolerated while dedication, loyalty, and excellence would be recognized and rewarded. He reminded officers that each is an ambassador of the NCS, and their conduct reflects on the Service’s reputation in both public and private life.

The Command is located  on critical international borders with Niger and Benin Republics, Kebbi Area Command plays a frontline role in combating smuggling and illegal trade.

Comptroller Matawalle expressed concern over prevailing security challenges within the border corridors and charged officers to remain vigilant, proactive, and security-conscious at all times. He emphasized the need for improved intelligence gathering, strict adherence to operational procedures, and strengthened collaboration with sister security agencies, host communities, and other stakeholders to effectively tackle insecurity.

The Command also reaffirmed its commitment to Corporate Social Responsibility, CSR, initiatives, including the construction of boreholes and the supply and installation of solar-powered street lights in border communities. These efforts aim to foster goodwill, improve living conditions, and enhance security in the region.

As part of the parade, a comprehensive health check was carried out for all officers, underscoring the Command’s commitment to the well-being of its personnel. Recognizing that _health is wealth_, the leadership prioritized this exercise to ensure that every officer is physically fit, mentally alert, and prepared to perform their duties with maximum effectiveness.

Comptroller Ibrahim noted that a healthy force is a strong force, capable of safeguarding borders, combating smuggling, and facilitating trade with vigor and precision. The initiative reinforces the Service’s dedication to maintaining a resilient, disciplined, and high-performing team.

The Kebbi Area Command reaffirmed its commitment to discipline, professionalism, and the 7Cs, standing united as a frontline force protecting Nigeria’s borders and economy. By prioritizing the health and readiness of its officers, and by engaging in meaningful community development, the Command ensures it remains prepared to fulfill the Nigeria Customs Service’s mission with excellence and honor, under the inspiring leadership of CGC Bashir Adewale Adeniyi MFR, PhD.

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Oyetola Inaugurates Nigerian Shippers’ Council Governing Board

Oyetola Inaugurates Nigerian Shippers’ Council Governing Board

*CAPTION* 

Honourable Minister of Marine and Blue Economy, His Excellency Dr Adegboyega Oyetola, CON (seventh from left); Permanent Secretary, Federal Ministry of Marine and Blue Economy, Mrs. Fatima Sugra Mahmood (fifth from left); Chairman, Nigerian Shippers’ Council Governing Board, Dr Ibrahim Shehu Shema (fourth from right); Executive Secretary/CEO of Nigerian Shippers' Council, Dr Pius Akuta (third from right) and other Board Members of the Nigerian Shippers' Council at the inauguration of the NSC Governing Board in Abuja, on Monday.

Bisi Akingbade 

The Honourable Minister of Marine and Blue Economy, His Excellency Dr Adegboyega Oyetola, CON, today, Monday 19th January 2026, formally inaugurated the Governing Board of the Nigerian Shippers’ Council. 

The inauguration ceremony was held at the Honourable Minister’s Conference Room at the Ministry in Abuja. 

In his address at the event, Dr Oyetola described the inauguration as a significant milestone in strengthening institutional governance and accountability within Nigeria’s Marine and Blue Economy sector. He stated that the constitution of the Board, approved by His Excellency President Bola Ahmed Tinubu, GCFR, in furtherance of the Renewed Hope Agenda, underscores the Federal Government’s commitment to good governance, institutional effectiveness, and the strategic repositioning of the maritime sector as a catalyst for national economic transformation.

The Minister emphasised that the Nigerian Shippers’ Council, as the designated Port Economic Regulator, occupies a critical position in promoting efficiency, fairness, and transparency in port pricing, charges, and service delivery. He noted that effective regulation remains essential to reducing the cost of doing business at Nigerian ports, facilitating trade, protecting the interests of shippers, and enhancing Nigeria’s competitiveness in regional and global commerce.

Dr Oyetola charged members of the newly inaugurated Board to provide strategic direction, policy guidance, and vigilant oversight in line with statutory provisions and government policies. He urged the Board to work harmoniously with the Management of the Council, uphold professionalism, and ensure that every meeting and decision delivers measurable outcomes in trade facilitation, cost reduction, and sectoral competitiveness. 

He further assured the Board of the Ministry’s full support and collaboration, calling on members to justify the confidence reposed in them by the President and through integrity, discipline, and demonstrable results.

The Governing Board of the Nigerian Shippers’ Council is chaired by Dr Ibrahim Shehu Shema, former Governor of Katsina State. Other members include Dr Pius Akutah, Executive Secretary and Chief Executive Officer of the Council; Dr Emi Membere-Otaji, representative of the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA); Mr John Aluya, representative of the Manufacturers Association of Nigeria (MAN); Rt Hon Chiji Collins; Mrs Olufunmilayo Olaseinde; Dr Funmilola Rashidat Adeoti; Alhaji Mele Kofo Gladem; Mrs Hafsatu Mohammed, representative of the Nigerian National Petroleum Corporation Limited (NNPCL); Hon Maharazu Adamu Dayi; and Mrs Uzoamaka Okereke, representative of the Federal Ministry of Marine and Blue Economy.

Responding on behalf of the Board, the Chairman, Dr Ibrahim Shehu Shema, expressed profound gratitude to President Bola Ahmed Tinubu for the opportunity to serve the nation in such a strategic capacity. He also thanked the Honourable Minister of Marine and Blue Economy for the confidence reposed in the Board and for his visionary leadership in repositioning the sector. 

Shema assured that the Board would discharge its responsibilities with dedication, professionalism, and integrity, and pledged its commitment to providing effective oversight, strengthening regulatory efficiency, and supporting initiatives that will enhance port performance, improve trade facilitation, and advance the national economic agenda. 

He further assured that the Board would work in close collaboration with the Ministry and the Management of the Council to deliver tangible and sustainable results for Nigerian shippers and the wider economy.

The Nigerian Shippers’ Council is the designated Port Economic Regulator responsible for promoting efficiency, transparency, competitiveness, and fairness in port operations and service delivery, while protecting the interests of shippers and improving Nigeria’s maritime trade environment. 

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"Your tenure as Comptroller-General has been defined by strategic foresight, institutional discipline and an unwavering commitment to national service,” Dr. Afolabi

"Your tenure as Comptroller-General has been defined by strategic foresight, institutional discipline and an unwavering commitment to national service,” Dr. Afolabi 

 Bisi Akingbade 

The Chairman, SIFAX Group, Dr. Taiwo Afolabi, CON, has extended warm 60th  birthday felicitations to the Comptroller-General of the Nigeria Customs Service, NCS, Alhaji Bashir Adewale Adeniyi, MFR, commending his exemplary leadership and far-reaching contributions to Nigeria’s economic growth and global trade standing.

In a goodwill message issued on behalf of the Board, Management and Staff of SIFAX Group,  Afolabi described Adeniyi as a transformational leader whose tenure has brought renewed professionalism, efficiency and credibility to the Nigeria Customs Service.

According to him, Adeniyi’s leadership has been instrumental in driving significant reforms across customs operations, leading to sustained revenue growth, improved trade facilitation, enhanced border security and accelerated digital transformation within the Service.

“Your tenure as Comptroller-General has been defined by strategic foresight, institutional discipline and an unwavering commitment to national service,” Dr. Afolabi stated. “These achievements have not only strengthened Nigeria’s trade ecosystem but have also positively impacted the ease of doing business for stakeholders across the maritime, aviation and logistics sectors.”

He noted that the milestone reflects Adeniyi’s competence, integrity and global outlook, adding that it is a source of pride for Nigeria and inspiration for public service leadership across Africa.

As the Chairman of a leading pan-African conglomerate with interests in maritime, aviation, logistics, oil and gas and hospitality,  Afolabi affirmed that SIFAX Group deeply appreciates the Comptroller-General’s stakeholder-focused approach and his commitment to collaboration in building a more efficient, transparent and globally competitive customs system.

Dr. Afolabi concluded by praying for continued good health, wisdom and strength for Adeniyi as he consolidates ongoing reforms and attains greater milestones in service to Nigeria and the international community.

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President Tinubu Hails CG Adeniyi @ 60

President Tinubu Hails CG Adeniyi @ 60 

... Commends Adeniyi landmark Reforms, , Recognition as WCO Chairman 

 

Bisi Akingbade 

President Bola Ahmed Tinubu has congratulated the Comptroller-General of Customs , CGC, Comptroller Bashir Adewale Adeniyi on his 60th birthday with the milestone heralded by dedicated service to the nation, and landmark reforms since he assumed leadership that have repositioned the organization. 

The Special Adviser to the President on Information & Strategy, Bayo Onanuga stated this in a press statement made available for journalists that 

President Tinubu noted the efforts of Dr Adeniyi to graduate the NCS into a globally competitive, and relevant institution, resulting in the remarkable recognition and election of the Comptroller-General as Chairman of the World Customs Organization, WCO, in June, 2025. 

The President commends the Comptroller-General for projecting Nigeria and Africa on the global stage by providing inclusive, practical and charismatic leadership at the WCO and rallying of Customs Administrations and critical stakeholders for implementation of the AFCTA through C-PACT platform. 

President Tinubu notes the integration of the Authorized Economic Operator Programme in Nigeria, supported by the WCO, to improve cargo clearance times at ports, improve revenue performance and strengthen partnership with traders, and the adoption of WCO SAFE Framework of Standards to Secure and Facilitate Global Trade. 

The President affirms that the internal reforms, evidenced by streamlining of operations through automation and digitization, upskilling and training of officers, high level diplomacy and adoption of global best practices have resulted in commendable changes in trade facilitation and revenue collections. 

President Tinubu acknowledges the visionary leadership of the Customs boss that has resulted in better community relations, steady surpassing of revenue targets, enhanced trade partnership with countries and multilateral institutions, and improved security around the borders. 

 As the Customs boss turns 60, the President prays that the Almighty God will grant him more strength, good health and wisdom to keep serving the nation. 

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4th Quarter 2025: Kaduna Area Command Generates N14:686bn as Revenue

4th Quarter 2025: Kaduna Area Command Generates  N14:686bn as Revenue 

Bisi Akingbade 

The Customs Area Controller of the Kaduna Area Command, Comptroller Sa'ad Hassan has announced a greater success in the 4th quarter of the year 2025 which yielded tremendous revenue generation to the tune of fourteen billion, six hundred and eighty-six million, two hundred and fifty-six thousand, two hundred and seventy-naira, forty-nine kobo . N14,686,256,270.40

Comptroller  Hassan made this disclosure at a press briefing held at Kabala  Doki, Kaduna state.

According to the press release issued by the Deputy Superintendent of Customs 

Public Relations Officer of Kaduna Customs Area Command, Dauda Adamu, indicated that Comptroller Hassan said "Permit me at this juncture to report that the Command generated the sum of fourteen billion, six hundred and eighty-six million, two hundred and fifty-six thousand, two hundred and seventy-naira, forty-nine kobo N14,686,256,270.40 as revenue for the period under review. This can be compared to ten billion, eight hundred and sixty-two million, eight hundred and fifty-two thousand, four hundred and twenty-seven-naira, seventy-one kobo, N10,862,852,247.71, generated in the corresponding period of last year, 2024. There is therefore a differential of N3,823,403,842.78kobo. which is a significant increase of 35%."

Comptroller Hassan said that this attainment is evidence of the diligence, professionalism and commitment of our officers and men who worked tirelessly to ensure that we met and exceeded the revenue targets given to our command. It is also evocative of our steadfast commitment to the growth of our national economy.

He added that"In addition, our activities in the command have improved tremendously, and this has brought greater success, which is evident in our monthly collection revenue from October to December.  In October, we raked in five billion, one hundred and sixty-four million, four hundred and sixty-one thousand, three hundred ninety-one-naira, ninety kobo N 5,164,461,391.90kb, in November, we made three billion, eight hundred and thirty-four million, seven hundred and ninety-two thousand, seven hundred and forty-seven-naira, seventy kobo. N3,834,792,747.70kb, while in December our revenue collection leapt to five billion, six hundred and eighty-seven million, two thousand, one hundred and thirty-naira, eighty-seven kobo N5,687,002,130.89 kb.

 

He recalled that the core mandate of the command remains the generation of revenue for the Federal Government, facilitation of legitimate trade and protection of national economic security.

 The command will continue to implement necessary measures to improve toll collections, with adequate support from other service units. We shall maintain success through synergy and continued dialogue, by engaging and sensitising the local and trader communities while discharging our statutory responsibilities of enforcing compliance with government fiscal policies.

The Customs Area Controller stressed that the success recorded in the revenue in the last three (3) months can be good motivation from the Management of the Service, which has boosted the morale of officers and always kept and continuous deployment of intelligence and reconnaissance by our monitoring compliance Team. 

"I must commend the dedication of my officers and men, and the cooperation of other units, especially the Customs Intelligence Unit, the Valuation Unit and the Customs Police Unit, in their prompt actions.  It has really contributed to the success of the command.          

"Our achievement is in line with the policy drive of the Comptroller General of Customs, Bashir Adewale Adeniyi (MFR, PhD), who has championed the principle of consolidation, collaboration and innovation. His visionary leadership and enabling support have been crucial in heightening our potential and have driven these spectacular results.

 "In conclusion, let me thank you and further solicit the cooperation of various factories and Terminal Operators in the timely payment of appropriate Excise Duty, Import duty and other charges payable. We appreciate the traders who are doing well and urge them to continue with their efforts. We also assure them that the Command remains committed to fulfilling its mandate as outlined in the Nigerian Customs Service Act (NCS, Act 2023).  

"My sincere appreciation goes to the CGC and Nigeria Customs Service Management for creating the enabling environment for our achievements. "

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Heritage Bank: NDIC Declares N24.3 BN for 2nd Liquidation of Dividend

Heritage Bank: NDIC Declares N24.3 BN for 2nd Liquidation of Dividend

Bisi Akingbade 

The Nigeria Deposit Insurance Corporation, NDIC, has announced a second liquidation dividend of ₦24.3 billion for depositors of Heritage Bank who had balances exceeding the ₦5 million insured limit when the bank's license was revoked in June 2024. This payment represents 5.2 kobo per ₦1.00 on outstanding uninsured balances, bringing the total liquidation dividend declared so far to 14.4 kobo per ₦1.00.

Upon its appointment, the Corporation commenced the processing of claims and payment of insured deposits up to the statutory limit of N5 million from its Deposit Insurance Fund. The Corporation also immediately commenced the disposal of physical assets, recovery of debts, and realization of investments of the defunct bank.

As a result of these efforts, the NDIC declared a first liquidation dividend of ₦46.6 billion in April 2025, at a rate of 9.2 kobo per ₦1.00. This amount was paid on a pro-rata basis to depositors whose account balances exceeded the statutory insured limit of ₦5 million at the date of closure. Subsequently, the Corporation continued to pursue the recovery of assets to enable further reimbursement to eligible depositors.

It is in continuation thereof, that the NDIC has now declared a second liquidation dividend of ₦24.3 billion. This amount, derived from debt recovery, sale of physical assets, and realisation of investments, will be applied to the payment of uninsured balances for depositors with funds exceeding the ₦5 million insured limit. The second liquidation dividend is payable at a rate of 5.2 kobo per ₦1.00 on outstanding balances, in accordance with Section 72 of the NDIC Act 2023. This brings the cumulative liquidation dividend declared to date to 14.4 kobo per ₦1.00. 

The Head, Communication & Public Affairs Department, Hawwau Gambo stated in a press release that payments will be effected using depositors’ details already in the NDIC records. Eligible depositors, who previously received the insured sum and the first tranche of liquidation dividends, will have their alternative bank accounts automatically credited using their Bank Verification Numbers (BVN). Depositors are advised to check their accounts for confirmation.

Depositors without alternative bank accounts, BVNs, or who have not claimed their insured sum of up to ₦5 million or the first liquidation dividend, should visit the nearest NDIC office or complete the e-claim form available at https://ndic.gov.ng/claims-verification-forms for prompt processing.

For clarity, a liquidation dividend is the amount paid by the NDIC to depositors of a closed bank whose balances exceed the statutory insured limit, from proceeds of asset sales, investment realization, and debt recovery. Only after all depositors have been fully reimbursed will payments be made to other creditors, and subsequently to shareholders, subject to the availability of funds.

The NDIC assures the public that this payment represents only the second liquidation dividend. Additional payments shall be made subject to the realisation of assets and collection of outstanding debts. The Corporation remains committed to the timely recovery of all outstanding obligations and the prompt reimbursement of depositors.

For further enquiries, please contact:

Address: Director, Claims Resolution Department, 15 Marina Street, Lagos Island, Lagos (or any NDIC Office Nationwide)

Email: claimscomplaints@ndic.gov.ng

Phone: 0810 422 0807 | 0810 931 3326 | 0903 819 7064 | 0906 465 7140 | 0903 727 3810 (Weekdays, 9:00 a.m. – 5:00 p.m.)

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Nigeria Customs Begins Implementation of Standard Operating Procedure for Courier Companies Under Delivered Duty Paid

Nigeria Customs Begins Implementation of Standard Operating Procedure for Courier Companies Under Delivered Duty Paid

Bisi Akingbade 

Nigeria Customs Service, NCS, has  announced the commencement of a new Standard Operating Procedure SOP, for regulating courier companies operating under the Delivered Duty Paid, DDP, Incoterm which will provide a unified framework for registration, manifest submission, declaration, valuation, clearance, delivery and compliance monitoring, in line with global best practices. 

According to the press release issued by the Deputy Comptroller of Customs,

National Public Relations Officer, Abdullahi Maiwada indicated that the  Delivered Duty Paid initiative derives its legal foundation from International Chamber of Commerce (ICC) Incoterms 2020, relevant sections of the Nigeria Customs Service Act 2023, WCO SAFE Framework of Standards, Revised Kyoto Convention, WTO Trade Facilitation Agreement, NCS Courier Clearance Guidelines, and the Nigeria Postal Service Act 2023.

Under the newly commenced procedure, courier companies intending to operate the DDP regime are requested to obtain a license from the NCS Headquarters License and Permit Unit under the Tariff and Trade Department. They are expected to submit all mandatory documents, including CAC registration papers, valid courier licenses, compliance bonds and a formal application to operate under DDP. 

It is pertinent to note that all licensed operators are required to submit an Advance Electronic Manifest (AEM) 24 hours before shipment arrival, clearly indicating DDP as the Incoterm and providing complete details such as HS codes, item descriptions, values, origins and consignees, in line with the WCO safe framework of standards.

The SOP further mandates courier companies to act as declarants by filing Single Goods Declarations (SGDs) via the B'Odogwú platform. Declarations should include the declared FOB values, supported by invoices, airway bills, and packing lists. Also, full payment of customs duties, VAT, and other statutory levies must be completed through authorised NCS payment channels before clearance. Additionally, risk-based cargo profiling will guide inspections, with physical examinations conducted when discrepancies or high-risk indicators are identified. Delivery to the consignee is permitted only after full clearance, and Proof of Delivery (POD) must be provided upon request.

To ensure strict adherence, the NCS has instituted a robust monitoring and enforcement mechanism through periodic Post-Clearance Audits (PCA). These audits will verify the accuracy of DDP declarations, prevent revenue leakages, and confirm compliance with classification and valuation standards. Violations, including false declarations, non-payment of duties, or operational misconduct, will attract sanctions such as suspension or revocation of clearance licences, seizure of goods, penalties with interest, and prosecution under the NCS Act, 2023. 

Courier operators are also required to submit monthly reports of all DDP shipments, including duty payments, classification details and delivery records, to the relevant Area Commands.

With this commencement, the NCS reaffirms its commitment to strengthening the integrity of the clearance process, enhancing revenue assurance, facilitating legitimate trade and ensuring that courier operations under the DDP regime meet the highest global compliance standards.

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NCS Commences Implementation of Safe Passage for Personal Vehicles Under Temporary Admission

NCS Commences Implementation of Safe Passage for Personal Vehicles Under Temporary Admission 

CGC, BASHIR ADEWALE ADENIYI 

Bisi Akingbade 

The Nigeria Customs Service, NCS has  announced the commencement of procedures for granting safe passage to personal vehicles temporarily imported or transiting through Nigeria by international travellers. 

The initiative is anchored on the Nigeria Customs Service Act, 2023, and relevant international conventions on temporary admission and transit of vehicles.

The Deputy Comptroller of Customs,

National Public Relations Officer, Abdullahi Maiwada, PhD, mnipr, mniia, highlighted in a press release that the new framework covers all personal, non-commercial vehicles belonging to international travellers visiting Nigeria for tourism, diplomatic, business, or personal purposes. It seeks to ease cross-border movement, strengthen Nigeria's compliance with international obligations, and reinforce the nation's commitment to trade facilitation and regional integration.

It is pertinent to note that this implementation draws legal backing from Sections 142, 143, 144, and 245 of the NCS Act, 2023, as well as the Revised Kyoto Convention (RKC), UN TIR Convention (1975), Istanbul Convention (1990), and the ECOWAS Protocol on Free Movement of Persons, Residence, and Establishment. It also aligns with WCO Guidelines on Temporary Admission and the Carnet de Passages en Douane (CPD) regulations.

International travellers are required to present valid documents such as international passport, international driver's license, vehicle registration, insurance, and CPD at the point of entry. Upon satisfactory inspection and verification, a Temporary Vehicle Admission Permit valid for up to 90 days will be issued and electronically recorded. Travellers may apply for an extension of up to 30 days, subject to approval by the relevant Customs Area Controller.

Vehicles admitted under this regime are free to move within Nigeria but cannot be sold, leased, transferred, modified, or used for commercial purposes. At the point of exit, travellers should present the vehicle and the approved customs Temporary Admission Declaration. In the event of an accident, theft, or breakdown, the nearest Customs office should be notified immediately for documentation and guidance.

The NCS, therefore, reaffirms its commitment to transparency and accountability while facilitating legitimate travel. This initiative strengthens Nigeria's role in cross-border cooperation and ensures compliance with existing regulations to enhance security and efficiency.

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Seme Area Command Generates Historic N15,598BN Revenue in 2025, Reduces Checkpoint's to 2 Locations

Seme Area Command Generates Historic N15,598BN Revenue in 2025, Reduces Checkpoint's to 2 Locations 

Bisi Akingbade 

The Nigeria Customs Service, Seme Area Command has recorded unprecedented revenue milestones in 2025, achieving its highest-ever monthly and annual collections since inception.

In December 2025, the Command generated a historic Three Billion, Six Hundred and Twenty-Eight Million, Four Hundred and Eighty-Five Thousand, Five Hundred and Ninety Naira (₦3,628,485,590.00); the highest monthly revenue on record. This record is attributed to the effective rollout of the One-Stop Shop (OSS) initiative by the Comptroller-General of Customs, which improves the Command's coordination and trade facilitation for stakeholders. 

 From January to December 2025, the Command generated the  total  of Fifteen Billion, Five Hundred and Ninety-Eight Million, Nine Hundred and Forty-Five Thousand, Seven Hundred and Ninety-Four Naira (₦15,598,945,794.00k) only, marking a remarkable 117% increase over the ₦7,166,576,397.49 recorded in 2024.

On 11 November 2025, the Command hosted the launch of the Green Border Initiative by the National President of the Customs Officers Wives Association, COWA, Mrs. Kikelomo Adeniyi, featuring an empowerment programme that distributed industrial sewing machines, grinding machines, gas burners with cylinders and start-up grants to members of the COWA Seme Chapter. On the same day, the Comptroller-General of Customs, Bashir Adewale Adeniyi, MFR PhD launched a free medical outreach under the Customs Cares Initiative, delivering essential healthcare to over 1,000 beneficiaries, alongside a tree-planting exercise for environmental sustainability.

In a press release issued by the Superintendent of Customs, Public Relations Officer, Seme Area Command, Tunde Ayagbalo, the Customs Area Controller, Comptroller Adewale Adenuga stated that in alignment with the Comptroller-General’s directive,  the command has successfully reduced checkpoints along the Lagos-Abidjan corridor to the Two (2) locations approved by the Federal Government, significantly easing legitimate trade, minimising delays and contributing to the Command’s outstanding revenue performance.

The Command also maintained robust anti-smuggling operations, seizing in December 2025;  685 parcels of Cannabis sativa (Marijuana), 495 packs of Tramadol, and 2,000 packs of Super Power Sildenafil tablets (300mg) an excessively high-dosage sexual enhancement drug,  through intelligence-led operations, enhanced patrols, risk profiling and inter-agency collaboration.

Comptroller Adenuga warn smugglers that the Seme borders are no longer safe for illicit activities. With advanced intelligence, technology and unwavering vigilance, the Officers/men of the Command will intercept and prosecute offenders. He advised Smugglers to desist immediately or face the full weight of the law.

Conversely, legitimate traders and compliant stakeholders are assured of a safe, conducive and efficiently facilitated Seme corridor, with seamless processes and reduced delays to support genuine cross-border commerce and economic growth.

Customs Area Controller, Comptroller Wale Adenuga, expressed profound gratitude to the Comptroller-General of Customs, Bashir Adewale Adeniyi, MFR Phd and the Management for their steadfast support and leadership. He also thanked the Command’s officers and men, stakeholders, sister agencies, military and paramilitary forces, the media, traditional and community leaders for their invaluable contributions, while pledging even greater achievements in 2026.

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Oyetola Shatters Maritime Growth Barriers in Nigeria, Records Notable Achievements in 2025

Oyetola Shatters Maritime Growth Barriers in Nigeria, Records Notable Achievements in 2025

MINISTER OF MARINE AND BLUE ECONOMY, DR. ADEGBOYEGA OYETOLA,  CON. 

Bisi Akingbade 

Nigeria’s maritime sector has entered a decisive phase of renewal following a series of far-reaching interventions by the Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, CON. 

According to the Minister’s Special Adviser, Dr Bolaji Akinola, the marine and blue economy sector has been decisively unlocked for genuine growth and development under Oyetola’s leadership, with several long-standing jinxes — once thought permanent — successfully broken.

Akinola said the Minister’s actions since assuming office in August 2023, and most notably throughout 2025, have dismantled obstacles that constrained the sector for decades. These reforms, he noted, have restored confidence, improved performance and repositioned the marine and blue economy as a critical pillar of Nigeria’s economic diversification agenda.

Foremost among these achievements, he said, was the resolution of the notorious Apapa gridlock, which for over 20 years paralysed the Lagos port corridor and severely disrupted trade. By early 2024, sustained policy coordination, operational discipline and infrastructure optimisation delivered lasting relief to Apapa and its environs. He said the clearing of the gridlock significantly reduced cargo dwell time, lowered logistics costs, enhanced port efficiency and removed a major disincentive to investment, effectively restoring the Lagos ports as functional gateways for national and regional commerce.

Another long-standing setback, according to the Special Adviser, was Nigeria’s prolonged absence from the International Maritime Organisation (IMO) Council. He noted that Nigeria’s return to the IMO Council in 2025, after 14 years outside the global maritime decision-making body, followed a keenly contested election and marked a major restoration of the country’s international maritime standing. Achieved under Minister Oyetola’s focused leadership, the feat strengthened Nigeria’s influence in shaping global maritime regulations, reinforced its leadership role in Africa and reaffirmed international confidence in its maritime governance.

Akinola further disclosed that the Minister secured approval in 2025 for Nigeria’s first comprehensive port upgrade and modernisation in over 50 years, breaking another jinx that left the nation’s ports operating on obsolete infrastructure. This milestone, he said, signals the beginning of a transformative era that will align Nigerian ports with global standards, boost competitiveness, attract larger vessels and position the country as a maritime and logistics hub for West and Central Africa.

In a related landmark development, the Ministry also issued compliance certificates for the Bakassi Deep Sea Port and the Ondo Deep Sea Port to the Governors of Cross River and Ondo States respectively. According to Akinola, the issuance of the certificates represents a critical regulatory breakthrough that clears the way for accelerated investment, construction and eventual operations of the two ports, further expanding Nigeria’s port capacity and strengthening regional trade connectivity.

The Special Adviser also highlighted the establishment of the Regional Maritime Development Bank (RMDB) in 2025 as the resolution of a 16-year stalemate that had stifled access to maritime finance. With the RMDB now in place, he said long-term funding is expected to flow into shipping, port development and maritime services, providing the financial backbone required for sustained sectoral growth and deeper regional integration.

Equally significant, he noted, was the approval granted by the Minister in 2025 for the Nigerian Maritime Administration and Safety Agency (NIMASA) to commence the long-awaited disbursement of the Cabotage Vessel Financing Fund (CVFF). He said for over two decades, the CVFF remained idle. Its activation, he said, represents a major turning point for indigenous ship ownership, enabling Nigerian operators to acquire modern vessels, expand capacity and compete more effectively in both coastal and international trade.

Beyond these milestones, Akinola said Minister Oyetola recorded a historic policy breakthrough with the development and approval by the Federal Executive Council in May 2025 of Nigeria’s first-ever National Policy on Marine and Blue Economy. He described the policy as a watershed framework that provides a coherent, long-term roadmap for harnessing the country’s vast marine resources. The policy integrates shipping, ports, fisheries, aquaculture, marine tourism, offshore energy, seabed resources and environmental sustainability into a unified national strategy, eliminating fragmentation, improving inter-agency coordination and providing clarity and certainty for investors. According to him, it lays the institutional and regulatory foundation needed to maximise economic value, create jobs, protect marine ecosystems and ensure inclusive and sustainable growth.

Dr Akinola also pointed to notable gains in maritime security under Minister Oyetola’s leadership, noting that the sustained deployment and effective coordination of assets under the Deep Blue Project have helped maintain zero piracy incidents in Nigerian waters. This achievement, he said, has strengthened Nigeria’s reputation as a safer maritime domain, boosted investor confidence and reinforced the country’s leadership in regional maritime security.

He further revealed that Nigeria recorded an increase of 300,000 metric tonnes in fish production in 2025 — the first such rise in over a decade. He described this as a clear testament to the Minister’s determination to reduce, and ultimately eliminate, the country’s heavy dependence on fish importation, while boosting food security, employment and value creation across the fisheries and aquaculture value chain.

Akinola said the cumulative impact of these achievements is the laying of a solid foundation for the sustainable growth and development of the marine and blue economy sector. While notable milestones have been recorded since August 2023, he stressed that 2025 stands out as a defining year marked by bold reforms and tangible outcomes.

Looking ahead, he assured that the Minister remains firmly committed to supporting indigenous ship owners and pursuing policies that will enable them to thrive and compete on equal footing with foreign operators. He also assured of the Minister's commitment to boost fish production. 

With long-standing constraints now dismantled, Akinola said the sector is poised for accelerated growth as Minister Oyetola builds on the gains already recorded to deliver even greater outcomes in the years ahead. 

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SIFAX Group: Unveils Innovation-Driven Growth Plan for 2026

SIFAX Group:  Unveils Innovation-Driven Growth Plan for 2026

CHAIRMAN, SIFAX GROUP, DR. TAIWO AFOLABI 

...Our priorities include advancing technological integration across our logistics and maritime operations, expanding the use of cleaner and more sustainable energy solutions, and deepening our presence within the West African sub-region, particularly through our financial services businesses. Above all, we remain steadfast in our mission to become Africa’s global conglomerate: trusted, resilient, ethical, and impactful.”  - Taiwo Afolabi 

Bisi Akingbade 

SIFAX Group has opened the 2026 business year with a strong declaration of intent, unveiling an innovation-driven growth plan aimed at strengthening operations, deepening technology adoption, and expanding its footprint across West Africa.

The Chairman of the Group, Dr. Taiwo Afolabi, made this known in his New Year message to employees, partners, and stakeholders, where he outlined the company’s strategic priorities for the year while reflecting on a strong performance in 2025.

According to Afolabi, the Group’s focus for 2026 is anchored on “Growth through Innovation,” with renewed emphasis on operational excellence, collaboration across subsidiaries, sustainability, and customer-centric service delivery. He noted that SIFAX Group is positioning itself to respond proactively to industry changes and emerging opportunities across its diverse business portfolio.

He said: “Our priorities include advancing technological integration across our logistics and maritime operations, expanding the use of cleaner and more sustainable energy solutions, and deepening our presence within the West African sub-region, particularly through our financial services businesses. Above all, we remain steadfast in our mission to become Africa’s global conglomerate: trusted, resilient, ethical, and impactful.”  

Afolabi said the innovation push would also support the Group’s regional expansion strategy, especially in West Africa, as it seeks to consolidate its presence and scale its financial services offerings.

He further highlighted that the innovation-led outlook for 2026 builds on significant achievements recorded in 2025, despite economic pressures, regulatory changes, and global uncertainties. Among the milestones recorded during the year was the strong performance of Skyway Aviation Handling Company (SAHCO), which posted a 155.45 per cent profit growth in the first half of the year and secured strategic handling contracts with international airlines including Ethiopian Airlines and Air Tanzania.

In the maritime sector, Ports & Cargo Handling Services Limited deepened its footprints in the general cargo business, underscoring growing capacity and operational capability, while SIFAX Shipping Company Limited expanded Nigeria’s export connectivity through the introduction of direct Less-than-Container Load (LCL) exports to the United Kingdom, and SIFAX Shipping Inland Container Limited continues to set high standards for efficient inland container terminal operations in Nigeria.

The Group also deepened its diversification drive with the launch of SKYPAY Africa, a regional payment solution through its financial subsidiary, Sky Capital. Beyond business performance, Afolabi reaffirmed SIFAX Group’s commitment to social impact through the Ajoke Ayisat Afolabi Foundation, which continued to support vulnerable communities and individuals across the country. 

Looking ahead, the Chairman stressed that innovation at SIFAX Group would go beyond technology to include people, culture, and values. He called on employees to embrace professionalism, integrity, teamwork, and accountability as the organisation pursues its long-term vision of becoming Africa’s global conglomerate.

-end-

Media Contact:

Olumuyiwa Akande

Group Head, Corporate Communications.

SIFAX Group

Email: olumuyiwaak@sifaxgroup.com

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PORT HARCOURT II COMMAND: EXCEEDS 2025 REVENUE TARGET BY 104.46%, BOOSTS NIGERIA’S ECONOMY

PORT HARCOURT II COMMAND: EXCEEDS 2025 REVENUE TARGET BY 104.46%, BOOSTS NIGERIA’S ECONOMY

CAC PORT HARCOURT II COMMAND COMPTROLLER ALIYU M. ALKALI

Bisi Akingbade 

The Nigeria Customs Service, Port Harcourt II Command, has recorded a remarkable milestone in its revenue collection In 2025, a target of N700.01 billion was set based on the commendable performance of the command in surpassing its 2024 revenue target. A total of N731.2 billion was collected, exceeding its 2025 revenue target by 104.46%. 

According to the Chief Superintendent of Customs Command, Public Relations Officer,Theophilus P Duniya in  a press release stated that the outstanding performance is attributed to the leadership and commitment of Comptroller Aliyu M Alkali, who effectively implemented the Comptroller-General of Customs' policy thrust and the indigenous developed Unified Customs Management System (B'ODOGWU) platform for faster cargo clearance. 

He ensured strict adherence to standard operating procedures, maintained high discipline among officers, and fostered continuous engagement with stakeholders.

While acknowledging the importance of providing quality leadership, Comptroller Alkali expressed his gratitude to the management of the Nigeria Customs Service, led by the Comptroller-General of Customs, Bashir Adewale Adeniyi MFR, for providing an enabling environment that facilitated this achievement. He also appreciated the cooperation and synergy enjoyed from critical stakeholders who contributed to the Command’s success story.

Comptroller Alkali praised the officers of the Command for their dedication, diligence, and professionalism. He stated that the officers’ uncompromised posture and patriotism shaped the incredible miles in the interception of 75 containers with a cumulative Duty Paid Value of N47.6 billion.

30 out of the 75 containers intercepted were found to contain expired, illicit, and unregistered pharmaceutical products. Other cargoes were intercepted for contravening different sections of the Customs laws. He added that the seizures would serve as a deterrent to intending violators of the extant laws.

The Area Controller encouraged importers and Customs licensed agents to make honest declarations as the Command remains committed to facilitating legitimate trade and enforcing customs regulations while maintaining the highest standards of integrity and professionalism.

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