In the spirit of ramping up on revenue generation as we head towards the third quarter of the year, the Nigerian Customs Service, NCS has decided to pitch its tent with private jet owners where it discovered that 30 of the 65 verified private jet owners are defaulting on customs duties payable to the Federal Government.

The NCS through a just-concluded verification exercise on these private jet owners discovered that owners of these luxurious facilities failed to turn up payment on the expiration of the agreement which necessitated the verification after they were allowed to ship in some of the airplanes into the country by a makeshift Importation agreement which allowed the owners to bring in the jets without payment because it was secured by a bond.

Recall that the NCS had initially offered a 2 weeks grace for defaulters of pay up but due to the low compliance and awareness level, it decided to grant another 2- weeks window which will expire on Friday, August 6th, 2021 with accompanying consequences of impounding these airplanes.

On the conclusion of verification of these private jets, the NCS has extended the deadline of voluntary remittance until Friday 6th August 2021.

Concerning the verification exercise, the NCS explained that beyond its security benefit of knowing who owns what, the process will allow for the differentiation of commercial airplanes in the country from those owned and used for private purposes, putting the number of verified private jets at 65.

Taxmobile.Online gathered from a recent statement by Mr. Joseph Attah, the Customs Public Relations Officer that this exercise aimed to rake in more revenue from these high rating individuals and entities who are owners of these airplanes.

See excerpts from the Customs’ statement,

 “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 collectible 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 purposes.

“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 agreements.

“We are aware that owners of private jets are highly placed Nigerians who should be respected and approached in a manner that provides all necessary convenience and that is what these extensions stands for.

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *