General
NPA, NCS Target 24-Hour Port Operations
By Adedapo Adesanya
The Nigerian Ports Authority (NPA) and the Nigeria Customs Service (NCS) are targeting a speedy structure that will enable the cleating of cargo at the ports within 24 hours.
Both agencies are currently in talks over the 24-hour cargo clearance operations ahead of the introduction of the Single Window policy.
The Managing Director of the NPA, Mr Mohammed Bello-Koko, said that both organisations have engaged each other over this issue to make the port more efficient and cost-effective.
Mr Bello-Koko also said that this issue of 24-hour port operation could be achieved if customs can commence the shift system of work, calling for a quicker auction process of seized or overtime cargoes to decongest the ports.
He explained that with 24-hour port operations, NPA will be able to have cargoes released within the time frame in all its port locations.
He said: “We have had stakeholder engagement where we talked about the need to have 24-hour port operations and the need for us to have shifts. We have seen that that instruction has been given.
“A few ports have started implementing that. But we require that you make it a policy and send out a circular that will ensure that officers are on seat when they are supposed to be and that way we Will be able to have cargo release and so on 24 hours at all port locations.
“But so far, we have seen action has been taken and we appreciate that. But we just want it to be formalized adequately and sent to all locations. That will help us reduce the time it takes to release cargo from the pots. We have raised the issue of export with you. We have seen a tremendous increase in the percentage and quantity of export cargo. And we appreciate that.
On his part, the Comptroller General of the Customs, Mr Adewale Adeniyi, said that the agency was ready to deepen the already existing relations with the NPA adding that bigger cooperation between both agencies will translate to a better facilitation of trade that will bring about a more efficient port system that will better grow the economy.
He also said that any desire to make Nigerian ports more competitive will be supported by the management of the NCS.
“A lot is going for us in terms of collaboration between the customs and the NPA. So, my visit today, first, is to renew our friendship. The second is to deepen the relationship between us. And third, through the projects that we want to launch, we want to see how we can strengthen the collaboration and the cooperation that has been existing between the NCS and NPA.
“What are the projected outcomes of this kind of collaboration? They are very simple. And it is something of vision alignment. NPA desires to achieve port efficiency. And we believe that in customs, port efficiency would help to facilitate trade.
“NPA, through all its programs, is trying to promote the competitiveness of our ports. This aligns with our vision because many Nigerians are diverting their things across the neighbouring ports.
“And we must do everything to ensure that our ports remain competitive so that our cargo and the economy is driven by our ports. And finally, we want to make our ports more efficient. When our ports are more efficient, it will translate into better efforts in revenue.”
“So, anything and everything that will help to reduce the time and the costs it takes to conduct business in our ports is those things that we are going to be exploring in the collaboration with NPA. And I’m happy that you have mentioned all of them.
“And if you go through all of these areas that you have mentioned, they all speak to ensuring that we have a better future. We have better ports, more efficient ports, more competitive ports, and ports that speak to our needs,” he added.
By Adedapo Adesanya
A Federal High Court sitting in Abuja has fixed January 7 to hear the bail application of former Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami, over alleged money laundering.
Recall that the same court had ordered the remand of Mr Malami at the Kuje Correctional Centre.
The Senior Advocate of Nigeria, his son, Abdulaziz, and one of his wives, Mrs Bashir Asabe, are standing trial predicated on a 16-count charge preferred against them by the Economic and Financial Crimes Commission (EFCC).
The trio, who are accused of laundering N8.7 billion, pleaded not guilty to the charges when they were arraigned on December 29, 2025.
Following their plea of not guilty, Justice Emeka Nwite ordered their remand at Kuje Correctional Centre till January 2, 2026, when their written bail application would be argued by his legal team.
In the charge, identified as FHC/ABJ/CR/700/2025, the defendants were accused of conspiring to conceal, disguise, and retain proceeds from illegal activities.
The indictment claimed that they used multiple bank accounts, corporate entities, and high-value real estate transactions over nearly ten years to indirectly acquire the illicit funds.
According to the charge sheet, the alleged offences took place between 2015 and 2025, primarily within the Federal Capital Territory, Abuja, during Malami’s time as the country’s Attorney-General.
The EFCC alleged that Malami and his son used Metropolitan Auto Tech Limited to hide N1.014 billion in a Sterling Bank account from July 2022 to June 2025.
They were also accused of depositing an additional N600.01 million between September 2020 and February 2021.
The properties in question include a luxury duplex on Amazon Street, Maitama, purchased for N500 million; a property on Onitsha Crescent, Garki, bought for N700 million; and another in Jabi District for N850 million.
Additional acquisitions include real estate on Rhine Street, Maitama (N430 million); in Asokoro District (N210 million and N325 million); and at Efab Estate, Gwarimpa (N120 million).
The EFCC further alleges that Mr Malami used unlawful proceeds totaling N952 million to acquire multiple properties in Abuja, Kano, and Birnin Kebbi between 2018 and 2023.
The acquisitions were allegedly made through proxies and corporate entities to obscure ownership.
The commission claimed that the alleged actions violate the provisions of the Money Laundering (Prohibition) Act, 2011 (as amended) and the Money Laundering (Prevention and Prohibition) Act, 2022.
By Adedapo Adesanya
The Nigeria Association of Plant Operators (NAPO) has petitioned the Economic and Financial Crimes Commission (EFCC) to investigate allegations of tax deduction and non-remittance fraud linked to the NLNG Train 7 project.
Train 7 is a major expansion project of the Nigeria Liquefied Natural Gas (NLNG) facility on Bonny Island, Rivers State, Nigeria. It involves building a seventh “train” (processing unit) at the LNG plant to significantly increase Nigeria’s LNG production capacity and strengthen the country’s role as a global supplier of cleaner energy.
NAPO’s President General, Mr Harold Benstowe, alongside four other officials, appeared at the EFCC Port Harcourt Zonal Office in Port Harcourt, to adopt a petition accusing Daewoo Engineering & Construction Nigeria and others of alleged unlawful tax deductions from workers on the multibillion-dollar NLNG Train 7 gas plant construction project.
According to NAPO, the EFCC received the delegation and guided them through the formal adoption of the petition, paving the way for what the union described as a “proper forensic investigation” into the alleged financial misconduct.
“The EFCC has assured the victims that it will conduct a thorough investigation to get to the root of the matter,” Mr Benstowe said, describing the development as a major step toward accountability in the construction segment of Nigeria’s oil and gas industry.
It also raised that the allegations strike at the heart of compliance risks surrounding one of Nigeria’s most strategic gas investments, with potential implications for contractors, regulators and investor confidence in large-scale energy projects.
Mr Benstowe called on workers involved in the NLNG Train 7 project to actively support the investigation by submitting documentary evidence, particularly payslips allegedly showing tax deductions by Daewoo E&C Nigeria.
“We encourage all affected workers to freely come forward with more evidence to assist the EFCC in carrying out a comprehensive investigation,” he said.
He also dismissed reports of intimidation, warning that the union would resist any attempts to suppress whistleblowers.
“All victims should ignore threats or discouragement from any quarters. This is no longer business as usual. We are prepared for a big showdown to ensure everyone involved is brought to book,” Mr Benstowe declared.
The NAPO leader framed the petition as part of a broader struggle for financial transparency and workers’ rights in Nigeria’s oil and gas construction value chain, stressing that the outcome would send a strong signal to contractors operating on high-value energy projects.
By Adedapo Adesanya
The Nigeria Revenue Service (NRS) has unveiled its institutional brand identity as it officially transition from the Federal Inland Revenue Service (FIRS) to the newly established revenue collection agency as gazetted.
The transition was marked with the unveiling of the agency’s new logo, according to a statement from Mr Dare Adekanmbi, special adviser to the chairman of NRS, Mr Zacch Adedeji.
Speaking at the unveiling event in Abuja on Wednesday, Mr Adedeji said the new identity represents a significant milestone in the evolution of Nigeria’s revenue administration framework.
The taxman said the unveiling reflects a renewed commitment to a more unified, efficient, and service-oriented revenue system aligned with Nigeria’s economic transformation agenda and global best practices.
He said the new identity signals continuity of purpose, strengthened institutional capacity, and a forward-looking approach to supporting taxpayers and national development.
According to the statement, the NRS said it remains committed to transparency, partnership, and service excellence.
“The unveiling of this new identity represents not an end, but the beginning of a strengthened relationship between the revenue authority and the Nigerian public—built on trust, clarity, and shared prosperity,” the statement reads.
It was also stated that the service came into operation following the signing of its enabling law — the Nigeria Revenue Service Establishment Act 2025 — by President Bola Tinubu in June.
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