Senate probes ₦34tn import duty waivers, threatens sanctions for defaulting MDAs
Customs defends duty waivers Appearing before the committee, Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, disclosed that import duty waivers approved under the IDEC scheme rose to about ₦34 trillion by 2025.
The warning came during an investigative hearing into the Federal Government’s issuance of Import Duty Exemption Certificates (IDECs) valued at about ₦34 trillion between March 2020 and December 2025.
The Senate Committee on Finance warned that agencies including the Nigerian Civil Aviation Authority (NCAA), Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Industrial Training Fund (ITF) and Federal Medical Centre (FMC), Jabi, risk legislative sanctions if they fail to appear at subsequent hearings.
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