Customs shut down Stallion, over N23.6billion debt


The Nigeria Customs Service (NCS) today in Lagos shut down the premises of Stallion/Popular Foods, Masco Agro, Ebony Agro and Conti Agro over alleged N23.6 Billion debt.

Represented by Public Relation Officer, the Comptroller General of NCS, Dikko Inde Abdullahi, said the shutdown would be extended to other parts of the country as from tomorrow.

He said the companies refused to pay outstanding duties of excess rice imported into the country under a preferential duty rate of 10 per cent and levy of 20 per cent in 2014.

He said – You may also recall that we threatened to invoke sanctions on these importers if they do not meet their obligations. Today, we are no longer issuing ultimatum. We are ready to walk the talk with decisive actions to recover outstanding duty due to the Federal Government of Nigeria.

“Today, we are commencing the sealing up of their warehouses and business premises to prevent operations of those facilities. We will not allow discharge of their import in any of our ports. All these will be done preparatory to instituting full legal proceeding to compel them to pay what they owe Nigeria, when the Courts are back from recess,”



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