Business Hilights

Tracking Nigeria's Headline Business News Online

Ali Customs boss

Customs ready to issue vehicle terminal license to operators with N50 million bank bond

Ad 2
Ad 3

Again, the authorities of the Nigerian Customs Service (NCS) has reaffirmed readiness to issue valid Vehicle Bonded Terminal to interested operators who have secured at least a spacious space capable of containing enough number of vehicles and was able to secure a N50 million bank bond to operate the terminal.

Customs image maker, Mr. Joseph Attah said in an interview that the Service was ready to begin issuance of licence, and several applicants have started approaching the Service with their valid documents showing their seriousness.

According to him, “A lot of people have indicated interest and the process is ongoing. NCS is ready for the issuance of licenses to people who are interested”.

Attah said “What it takes is for interested persons to acquire a big land, fence it and have Customs section within; a workstation with connectivity and computer system that can easily connect to the Customs server.

“Such person will also be required to enter into a bank bond of N50 million.

Continuing, he said “He or she will now apply through the Customs Area Comptroller of the command that he wants to site the terminal to the Comptroller General’.


Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.