• About us
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, September 9, 2025
  • Login
NewsPeg Magazine logo
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
NewsPeg Magazine logo
No Result
View All Result
Home News

Lagos FTZ Customs Hits N54B Revenue, as Comptroller Babandede Hands over 

Admin by Admin
April 19, 2024
in News
Reading Time: 3 mins read
0
Lagos FTZ Customs Hits N54B Revenue, as Comptroller Babandede Hands over 
Share on FacebookShare on TwitterShare on Whatsapp

The Nigeria Customs Service, Lagos Free Trade Zone Command, hits N25,094,030,014.00 in revenue from the Free Zone.

The Command also generated N29,671,886,266 from Lekki Port, making it a cumulative total revenue of N54,765,916,280 for quarter of 2024.

The outgoing Customs Area Controller, Comptroller Mohammed Babandede, made this known in a ceremony on Wednesday, 17 April 2024, while handing over leadership to Comptroller Olanrewaju Olumoh. 

Speaking about his experience at the Command in the last seven months since he assumed office, the Customs Area Controller (CAC) Babandede noted that the most important thing he is taking out of the command is the synergy between agencies and engagement with stakeholders. 

He said, “When I came in September, the free zone was only able to generate revenue of about N2 to N3 billion, but to God be the glory, we can now generate N15 to N25 billion in a month”. 

“We engaged a lot of stakeholders, and we worked with other government agencies because we can not do it alone, and we established a bond like a family,” Babandede stated. 

He advised stakeholders to maintain a high level of integrity in their cargoes and urged the new Customs Area Controller to carry everyone along. 

On his part, the new Customs Area Controller, Comptroller Olanrewaju Olumoh, appreciated his predecessor for his purpose-driven leadership, pledging to build on his very good foundation while also soliciting support from stakeholders and officers. 

In his words, “I am happy that I am not meeting this Command at the scratch level. I have optimism to build on the very good foundation Comptroller Babandede is leaving behind. I thank you, Comptroller, for your purpose-driven leadership.”

“To our critical stakeholders, I acknowledge the wonderful support you have been giving the command over the years; I want to assure you that the over-riding goal will be how to make this Command more robust, more alive and more economically rewarding to the country. I promise to operate an open-door policy just like my predecessor. ” Olumoh added. 

Stakeholders, as well as representatives of sister agencies, showered encomium on the outgoing CAC while also urging the new CAC to continue on the integrity and legacy already in existence at the Free Zone for the nation’s good.

ShareTweetSend
Previous Post

Comptroller Yusuf Hands over Leadership of MMAC to Comptroller Awe

Next Post

UNICEF Harps on Benefits of Polio Vaccination

Admin

Admin

Related Posts

Kwara to unveil Nigeria’s largest state-owned Shea butter factory
News

Kwara to unveil Nigeria’s largest state-owned Shea butter factory

September 9, 2025
Empowerment: NAWOJ lauds women affairs minister for Benue women
News

Empowerment: NAWOJ lauds women affairs minister for Benue women

September 9, 2025
NiDCOM, NASENI Seal Partnership to Harness Diaspora Innovation for National Development
News

NiDCOM, NASENI Seal Partnership to Harness Diaspora Innovation for National Development

September 9, 2025
Next Post

UNICEF Harps on Benefits of Polio Vaccination

Leave a Reply Cancel reply

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

Editor's Choice

We Must Dismantle Barriers and Operate as One Force for Nigeria’s Security – CAS

We Must Dismantle Barriers and Operate as One Force for Nigeria’s Security – CAS

September 8, 2025
Operation Enduring Peace Launches Tree Planting Campaign, Donates Wheelchairs to Students in Plateau

Operation Enduring Peace Launches Tree Planting Campaign, Donates Wheelchairs to Students in Plateau

September 7, 2025
  • Trending
  • Comments
  • Latest
Imo Monarch Raises Alarm as 22-Year-Old Abandoned Road Threatens to Cut Off Okwuohia Community

Imo Monarch Raises Alarm as 22-Year-Old Abandoned Road Threatens to Cut Off Okwuohia Community

August 26, 2025
NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

June 24, 2025
FG Rescues 11 Nigerian Miners Stranded in Central African Republic, Brings Them Home Safely

FG Rescues 11 Nigerian Miners Stranded in Central African Republic, Brings Them Home Safely

August 15, 2025

NAVY CAPTAIN A. MNGUVE UNVEILS THREE INSPIRATIONAL BOOKS IN LITERARY TRIUMPH

May 7, 2025

MEDIA FOUNDATION SEEKS UPGRADED DIGITAL INFRASTRUCTURE IN NIGERIA

4

Easter/Eid-el-Fitr: FRSC Records Massive Reduction in Road Crashes.

2
GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

2

IDENTIFYING BARRIERS TO WOMEN’S POOR REMUNERATIONS, IT’S EFFECTS ON HOUSEHOLD.  LACK OF INCLUSIVE LABOUR LAWS?

2
We Must Dismantle Barriers and Operate as One Force for Nigeria’s Security – CAS

We Must Dismantle Barriers and Operate as One Force for Nigeria’s Security – CAS

September 8, 2025
Operation Enduring Peace Launches Tree Planting Campaign, Donates Wheelchairs to Students in Plateau

Operation Enduring Peace Launches Tree Planting Campaign, Donates Wheelchairs to Students in Plateau

September 7, 2025
Customs Debunks Alleged Payment for Form M Migration, Affirms Free Transition to B’Odogwu Trade Management System

Customs Board Approves $300 De Minimis Threshold to Boost Trade, Warns Officers Against Misconduct

September 7, 2025
Defence Headquarters Unveils Fourth Edition of CDS Unity Basketball Championship in Lagos

Defence Headquarters Unveils Fourth Edition of CDS Unity Basketball Championship in Lagos

September 7, 2025
NewsPeg Magazine

Newspeg is a General interest Magazine conceived by Nigerian Media practitioners of like minds across ethnic and geo-political divides of the country, for the purpose of creating uniqueness in Magazine reporting in Nigeria and repositioning the country for the needed growth.

Follow Us

  • About us
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Newspeg magazine - powered by Vecrit.

No Result
View All Result
  • Home
  • News
    • Business
    • World
  • Technology
  • Entertainment
  • Lifestyle
  • Editorial
  • Columns
  • More

© 2024 Newspeg magazine - powered by Vecrit.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In