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Home » FG To Auction Seized Petrol At ₦400 Per Litre
Economy

FG To Auction Seized Petrol At ₦400 Per Litre

Editor1By Editor1December 30, 2024
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CUSTOMS 2

The federal government through the Nigeria Customs Service (NCS) has announced the seizure of 15,325 litres of petrol to be auctioned off at ₦400 per litre.

The National Coordinator of Operation Whirlwind, ACG Hussein Ejibunu, said during a press briefing in Lagos that the petrol, when auctioned, will ease transportation hardship during the festive season.

He highlighted the recent seizure of 613 Jerrycans of petrol with a Duty Paid Value of N27,565,000 by operatives in the Lagos-Ogun axis.

READ ALSO: Customs Cautions Nigerians Against Use of ‘Tokunbo’ Tyres

“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.

The Coordinator disclosed that, as directed by the CGC to auction the seized PMS, a court condemnation order and all legal processes have been finalised by the office of the Legal Adviser.

“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,” he concluded.

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