HomeNewsTo Reduce Festive Transportation, Customs Auction Seized Petrol

To Reduce Festive Transportation, Customs Auction Seized Petrol

Published on


KEY POINTS


  • Auction price to be ₦10,000 per 25 litres.
  • Initiative targets economic sabotage, takes care of the public during holidays.

In a bid to slash down transportation inconvenience that the yuletide season brings, the Nigeria Customs Service (NCS) has stated that it will auction seized Premium Motor Spirit (PMS) to the public at discounted rate.

Speaking with reporters at a media briefing in Ikeja, Hussein Ejibunu, National Coordinator, Operation Whirlwind, explained the initiative.

Affordable fuel for public convenience

Adewale Adeniyi, the Comptroller General of Customs (CGC), said on Thursday that they will auction the seized goods at ₦10,000 per 25 liters. The move is part of the effort of the service to ease transportation cost for Nigerians during the Yuletide.

According to Ejibunu ‘The legal adviser has completed court condemnation orders and all legal processes,’ they said. ‘This will, not only be a deterrent to economic saboteurs but will also provide relief to Nigerians who are going through transportation

‘Ejibunu noted that Operation Whirlwind has been successful since its commencement on May 27, 2024, and operatives will be on, to end economic sabotage, in the country’.

“In this regard, this initiative demonstrates our determination to maintain the tempo against the saboteurs but deal with the citizens during this festive season,” he concluded.

Latest articles

FCMB Group Posts Strong Nine-Month Results

FCMB Group reported strong nine-month 2025 results as profit, interest income, and digital revenues grew despite weaker non-interest gains.

Nigeria Offers $50 Million Lithium Plant to Attract Global Miners

Nigeria offers $50 million lithium plant, duty waivers and security upgrades to lure miners, building processing clusters across multiple states.

Dangote Reclaims $30 Billion Net Worth as Cement Lifts Fortune

Aliko Dangote’s net worth has climbed back to $30 billion as rising cement shares and aggressive refinery expansions recharge his business empire.

Defence Minister Praises Troops for Foiling Benin Coup Attempt

Nigeria’s Defence Minister praised troops for their rapid role in stopping Benin’s coup attempt, calling it proof of Nigeria’s regional security role.

More like this

FCMB Group Posts Strong Nine-Month Results

FCMB Group reported strong nine-month 2025 results as profit, interest income, and digital revenues grew despite weaker non-interest gains.

Nigeria Offers $50 Million Lithium Plant to Attract Global Miners

Nigeria offers $50 million lithium plant, duty waivers and security upgrades to lure miners, building processing clusters across multiple states.

Dangote Reclaims $30 Billion Net Worth as Cement Lifts Fortune

Aliko Dangote’s net worth has climbed back to $30 billion as rising cement shares and aggressive refinery expansions recharge his business empire.