Customs to auction seized petrol at N400/litre

The Nigeria Customs Service (NCS) has declared that the 15,325 litres of seized Premium Motor Spirit (PMS), fondly called petrol, will be auctioned off at N400 per litre.

The National Coordinator of Operation Whirlwind, ACG Hussein Ejibunu, announced this at a press briefing in the Ikeja area of Lagos State on Saturday.

Ejibunu said the petrol will be auctioned to ease transportation during the festive season.

Ejibunu disclosed that the petrol comprising 613 Jerrycans with a Duty Paid Value of N27,565,000 was seized during operations by Customs operatives in Lagos and Ogun States.

“This operation has been on since 27 May 2024 and has yielded positive results, as the CGC has urged the operatives to continue sustaining the tempo until the activities of these economic saboteurs are stamped out of this country,” he said.

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The Customs official said the Comptroller-General of Customs, Adewale Adeniyi, has directed that the seized petrol will be auctioned at the rate of N10,000 per 25 litres.

He added that a court condemnation order and all legal processes have been finalised by the office of the legal adviser to aid the auctioning.

“On this note, the CGC has directed Auctions of the seized product to members of the public at the rate of N10,000 per 25 litres. This will ease the transportation hardship during this festive period,” Ejibunu stated.

The Star