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Customs arrests six for smuggling adulterated diesel in polythene bags

The Nigeria Customs Service (NCS) on Friday paraded six suspects who smuggled 45,000 litres of adulterated diesel contained in 750 giant polythene bags, which were carefully concealed among sacks of sawdust to deceive security operatives. The seized product has an estimated value of N21,920 million. Also seized were 237 bags of 50kg foreign rice hidden in a petrol tanker. The Controller Enforcement at the Customs headquarters, Kayode Olusemire while parading the smugglers said that the Customs officers on patrol intercepted the smugglers in Suleja, who immediately declared that they were conveying sacks of sawdust from Port Harcourt to Kaduna State. “But the officers perceived unusual odour despite concealing it in sawdust, prompting them to dig further. “That was when they discovered dies...

House backs bill to prohibit bank employees from operating foreign accounts

A bill seeking to prohibit bank employees from operating foreign accounts has passed second reading at the house of representatives. The bank employees’ declaration of assets act amendment bill also seeks to mandate the bankers to declare assets of their spouses and children less than 18 years old. The Economic and Financial Crimes Commission (EFCC) had in March ordered those in the banking sector to declare their assets in accordance with the act, raising questions as to the legality of such directive. Newsmen reported that the bank employees’ declaration of assets act requires bank board members, managing director, general managers, clerks, cashiers, messengers, cleaners, drivers, and any other category of workers — whether part‐time, casual or temporary — to declare their assets. Leadin...