The Nigeria Customs Service (NCS) has given 223 corporations a 21-day ultimatum to handle breaches of their Momentary Admission Permits (TAP) involving bonds value N379.5 billion.
The announcement, signed by Abdullahi Maiwada, Assistant Comptroller of Customs and Nationwide Public Relations Officer, on behalf of the Comptroller-Common, acknowledged that the grace interval will run from Monday, July 28, 2025.
Affected importers should regularise their standing by making use of for an extension, re-exporting the products below Customs supervision, or paying the required duties to transform the gadgets for house use.
TAP, established below the Revised Kyoto Conference and the Nigeria Customs Service Act 2023, permits duty-free importation supplied items are re-exported throughout the accredited interval or duties are paid if retained domestically.
Checks by Customs revealed that the defaulting corporations neither re-exported the gadgets nor paid the duties. The permits run for 12 months, extendable by as much as two years with further grace intervals.
“The Nigeria Customs Service (NCS) has issued a 21-day grace interval, efficient from Monday, twenty eighth July 2025, to importers who’ve defaulted on the phrases of their Momentary Admission Permits (TAP).
“The affected importers are suggested to take fast steps to regularise their importation standing by both making use of for a legitimate extension, re-exporting the gadgets below Customs supervision, or changing the products to house use, topic to the fee of acceptable duties,” the assertion learn partially.
It added, “Nonetheless, latest compliance checks by the Service revealed that 223 Corporations have failed to stick to the situations of the TAP regime. These defaults quantity to a complete bond worth of N379,576,045,802.27 (300 and seventy-nine billion, 5 hundred and seventy-six million, forty-five thousand, eight hundred and two naira, twenty-seven kobo).”
The assertion additional famous that the NCS warned that failure to conform throughout the stipulated 21-day window would set off strict enforcement actions.
He emphasised that the Service stays absolutely dedicated to making sure compliance with customs laws, safeguarding authorities income, and preserving the credibility and integrity of Nigeria’s short-term importation framework.
