LAWLESS AND SATANIC EXTORTION..PONZY GAMERS
ONYINYE SATAN ...GIFT WITH RIGHT HAND AND STEAL MORE WITH LEFT HAND
They announced reduction of duties on Tokunbo Vehicles to 5% ..and many clapped for them
Oya, see below the breakdown of other hidden levies, taxes and charges they never removed ...Ndi ori ...ndi aka na akpa
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New import regulations for used vehicles in Nigeria:
1. Import duty: 5%
2. National Automotive Council levy: 15%
3. Value-added tax (VAT): 7.5%
4. Port surcharge: 7%
5. FOB valuation charge: 4%
6. ETL tax: 1%
7. CISS fee: 1%
8. 2% green tax applicable to vehicles with engines under 1.5T displacement
9.Other payable costs include customs value assessment adjustment, destination port handling fees of USD 15 per cubic meter, customs clearance agency fees, document fees and various miscellaneous charges.
LET ME ADD UP THIS FEES AND SUMMARISE IT UP PRACTICALLY FOR YOU WITH AN EXAMPLE
For a refigerated truck valued CIF at $40,880.00/N57,518,160.00, below is what these hoodlums will extort from us;
40,880 USD/ × 42.5% + 15 USD per CBM × 68 CBM + 400 USD, plus a 2,000 USD gratuity for the customs clearance agent.
The total estimated expense is roughly 20,794 USD, exclusive of all document fees and other miscellaneous charges.
In short, the port and clearance costs will be no less than over USD21, 000 .00/N29,547,000.00 with paperwork fees charged separately.
HOW CAN ONE BE EXTORTED N29.5MILLION FOR BRINGING IN URGENT AND NEEDED PRODUCTION AIDING MACHINERY PURCHASED AND SHIPPED INTO NIGERIA AT A CIF COST OF N57.5MILLION.
THE UGLY IMPLICATIONS....
In a country, where transport and freight cost is 3 times higher than the African average...
In a country that require average demand of 700,000 Vehicles annually, and with total domestic supply [ PRODUCTION CAPACITY OF ALL VEHICLE ASSEMBLY PLANTS IN NIGERIA] at 14,000 vehicles [ 2%] , its madness to keep extorting from the people with this high levies ...
NIGERIA TODAY NEEDS 25,000 REFIGERATED TRUCKS TO MOVE F0OD COMMODITIES ACROSS THE LAND AND TO HELP US REDUCE SOME OF THE POST HARVEST LOSSES [ CURRENTLY ESTIMATED AT N3.2TRILLION ANNUALLY] , BY FOOD PRODUCERS ....
THIS APC GOVERNMENT IS Deliberately acting like PLAGUES...REAL CANKERWORMS ... ONYINYE MAMIWATER... HOW ON EARTH WILL YOU PLACE HUGE TERRIFS, TAXES AND AL MANNER OF LEVIES ON A KEY FACTOR OF PRODUCTION/ MEANS OF TRANSPORT AND MOVEMENT , THAT YOU CANNOT PRODUCE DOMESTICALLY?
LET THE DATA BOYS COME AND DEFEND AND SPIN THIS ONE ...I AM WAITING
So many of us who lived in Lagos when Tinubu was the State governor have first-hand witness of his reign.
Glad video evidence is surreptitiously coming out.
This is pure madness from Bwala. None of the woman question was answered. Unemployment 0 but the one in UK even with slave labor can send money home. Insecurity 0 but UK he is safe. Opportunity 0 but in UK at least he knows what he can save and become in 5years. APC are mad pple!
Tinubu is Currently Destroying The South West, While His Victims Focus On Bigotry…
Charity, they say, begins at home, but that is not the case for Tinubu who is currently on a mission destroying the South West, and many are unknowingly doing Bigotry for him.
From Osun to Oyo, to Ekiti, down to Ondo, he has imported insecurity into the region, and is currently fighting two of the Governors.
It is 15 months now, and he is still yet to release 202 billion Naira Osun State LG funds despite the Supreme Court ruling; he is yet to visit Oyo State or even reach out since the kidn@pping of those innocent students.
All the man cares about is himself and his selfish agenda to grab power; he hates Nigerians equally!
Shameless Tinubu Government continue to show that it is a criminal enterprise.
Any investigation that leaves the Thief of Staff in power is useless.
Mr. Common sense
"It's possible that this issue of #GbajaGate is not the only one in the criminal Tinubu's government. There are thousands of them like that which is just a means to steal public money." —Concerned Nigerian
The Coordinator of Relax Tinubu Is Fixing Nigeria, in Philadelphia.
Adepoju Babatunde Salako has been jailed in the USA 🇺🇸 for a fraud of $5.6 million.
In 2007, a presidential panel recommended that five serving state governors be barred from ever holding public office again in Nigeria. The governors were Bola Tinubu, Orji Uzor Kalu, Chimaroke Nnamani, Ali Modu Sheriff, and Ibrahim Shekarau.
According to P.M. News:
▶️ The five-member Administrative Panel of Inquiry on Alleged Corrupt Practices screened a list of 135 politicians indicted by the EFCC and advised that the five governors be prosecuted after leaving office.
▶️ Uzor Kalu of Abia State, Nnamani of Enugu, Sheriff of Borno, and Shekarau of Kano were accused of rampant corruption, and Tinubu was accused of false asset declaration.
▶️ The panel did not make a pronouncement on Vice President Atiku Abubakar, who was also among the 135 politicians named by the EFCC.
▶️ The recommendation threatened Orji Kalu’s reported presidential ambition and cast doubt on the second-term bids of Shekarau and Sheriff, both of the ANPP.
▶️ All those affected denied wrongdoing and described the process as a witch-hunt. Tinubu maintained that he had never been interrogated and said there was no basis for the allegation against him.
▶️ At the time of this P.M. News report, President Obasanjo had constituted another panel to prepare a white paper on the panel's findings.
Years later, one of them is the President of the country.
What a shame.