Customs begin auctioning of confiscated PMS in Sokoto

By Muhammad Ibrahim, Sokoto

Nigeria Customs Service in Sokoto has began the sale of confiscated Premium Motor Spirit,  PMS, also known as fuel, to the general public.

The Sokoto/Zamfara states Comptroller of Customs, Kamal Muhammad while adressing newsmen at the Area Command headquarters said some weeks ago the Comptroller General gave the directives to auction the confiscated 11,270 litres of premium motor spirit popularly known as Petrol intercepted by operatives of operation Whirlwind Sokoto/Zamfara axis.

“Due to the intensified clamp down on smugglers of petroleum product, the service made a seizure of 55,164 litres of PMS with a duty paid value (DPV) of N38,669,964.00 within the period under review”, he averred.

He similarly stated that the intelligence-driven tactical team code-named Operation Whirlwind made a seizure of 28,116 litres while the Sokoto/Zamfara Area Command patrol teams made a seizure of 23,030 litres of PMS.

Even with the subsidy removal, Nigeria remains among the list of countries with the cheapest Premium Motor Spirit (PMS) as it is sold at an average of N701 unlike other neighboring countries where the product is sold about thousands of naira.

He further rwrevealed that the price margin between Nigeria and other West African countries has made smuggling of the product an easy profit-making venture for smugglers as it fetches them two or three times its domestic price.

The smuggling of the product has continued to create artificial scarcity in some parts of the country and also brought about an additional burden on the country’s scarce foreign exchange used to import the product.

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In line with extant laws and the approval of the Comptroller General of Customs Bashir Adewale Adeniyi, the seized litres of PMS were auctioned to the general public at a token of N180 per litre.

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