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Home Business News

30 private jet owners owing custom duties

William Ukpe by William Ukpe
August 2, 2021
in Business News
Green Africa Airways is set to take ownership of 50 Airbus jets 
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The Nigerian Customs Service has announced that 30 of the verified 65 private planes in Nigeria must pay duties to the Federal Government.

This was disclosed by the Customs Public Relations Officer, Mr Joseph Attah, in an interview with the News Agency of Nigeria (NAN) on Sunday.

Attah said the airplanes came into the country by Temporary Importation agreement which allows them to bring the jets without payment because it was secured by bond, adding that many owners refused to pay on the expiration of the agreement which necessitated the verification.

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He further stated that the exercise would enable the FG raise owed revenues and will not be used to attack or embarrass any owner, as the service had again given another two weeks deadline extension which commenced from Monday, July 26, to Friday, August 6.

READ: How EFCC’s proposed lifestyle audit will affect your finances

What the Customs boss said

“Considering the rising number of compliance and the number of jets that are liable for payment of duties as well as indications by those people to do so, the Comptroller-General has again graciously given them another two weeks.

“The exercise as I stated in our previous briefings, is not intended to be punitive or to embarrass them but to ensure that these private jets that operate in the country are properly documented.

“And also, to ensure every collectable revenue is collected into the coffers of the Federal Government.

“As you all know the case of increasing economic challenges, every source of revenue is important to the government and beyond that, for security purpose.

READ: Banks Dump Lending To Airlines, Prefer Private Jets

“With this, you can now tie proper ownership to every aircraft or private jet that flies into and out of the country. Through the exercise, we have been able to know those hiding under temporary importation agreement,” Attah said.

He added that the current extension of payment would be the last given to private jet owners, citing that most of the owners are high net worth individuals who should be respected and approached in a manner that provides all necessary convenience.

However, failure to pay after the extension will result in aircraft impoundment.

Tags: Nigerian Customs ServicePrivate jets
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

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Comments 1

  1. Edewor Isaac Ufuoma says:
    August 4, 2021 at 12:50 pm

    These high Net Individuals should do the needful to avoid any embarrassment.

    Reply

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