Customs suspends 25% penalty on improperly imported vehicles

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The Nigeria Customs Service has suspended 25 per cent penalty on improperly imported vehicles.

This is contained in a statement by the Customs National Public Relations Officer, Abdullahi Maiwada in Abuja.

He said the suspension followed directive from Minister of Finance and Coordinating Minister of the Economy, Wale Edun, as part of effort to cushion current economic hardship and encourage compliance.

The customs spokesperson said the minister, following the directive, had initiated a 90-day window, effective from March 4 to July 5, for regularisation of import duties on specific categories of vehicles.

He said stakeholders, including vehicle owners, importers and agents, were encouraged to use the opportunity to regularise import duty payments within the designated 90 days timeframe.



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