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Hardship: FG suspends 25% penalty imposed on improperly imported vehicles

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The Nigeria Customs Service (NCS) has suspended the 25% penalty that had previously been imposed in addition to import duty on improperly imported vehicles.

This disclosure is contained in a statement signed by the National Public Relations Officer of NCS, Abdullahi Maiwada, on Friday, March 22, 2024, who said the action is based on the directive of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.

The Minister had earlier initiated a 90-day window, effective from 4th March 2024 to 5th July 2024, for the regularisation of import duties on specific categories of vehicles.

Maiwada said the initiative is to ease the hardship and encourage compliance, urging stakeholders like vehicle owners, importers as well as agents to make use of the opportunity.

The statement from Maiwada partly reads,

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