Skip to content
July 14, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Customs releases bullion van impounded with smuggled rice, N24m in Ogun
  • National News

Customs releases bullion van impounded with smuggled rice, N24m in Ogun

Admin January 5, 2024
cosmetic products

Jan. 5, 2024

The Ogun Area Command II of Nigeria Customs Service (NCS) on Friday said it has released the bullion van it impounded in April 2022 which was found loaded with rice.

The Customs Area Controller, Olusola Alade, who disclosed this to newsmen in Abeokuta said the van was impounded after being found to contain 12 50kg bags of smuggled foreign parboiled rice.

He added that the van which was discovered to be belonging to an Abeokuta branch of Access Bank was also loaded with the sum of sum of N24.4 million.

The money and the bullion van, which has the registration number FKJ 993 BZ, have now been handed over to officials of Bankers Warehouse Ltd. and Access Bank in Abeokuta.

“The bullion van belongs to Bankers Warehouse and was impounded on April 22, 2022 by a joint border patrol team along the Sokoto-ljoun/Joga road in the Abeokuta axis.

“The Comptroller-General of Customs, Bashir Adeniyi, has now ordered the release of the bullion van and the money to both the Bankers Warehouse and Access Bank on compassionate ground after investigation,” Alade said.

The Area Controller added that three suspects were arrested and charged to court in connection with the crime.

“The seized foreign parboiled rice which were 12 bags of 50kg each were carefully concealed in the said vehicle.

“Consequently, the said vehicle and the items were conveyed to the Customs House in Abeokuta for safekeeping.

“After conducting examination on the vehicle, the said amount of money was discovered and deposited at the Abeokuta branch of Central Bank of Nigeria (CBN) for safekeeping.

“The vehicle was detained while the rice was converted to seizure in line with Section 168 of Nigeria Customs Service Act, 2023.

“In connection to the above seizures, three suspects were arrested, detained, granted administrative bail and subsequently charged to court for aiding smuggling,” he explained.

Alade added that the Bankers Warehouse Ltd and Access Bank later wrote an appeal letter to the Customs’ Comptroller-General for the release of both the van and money on compassionate ground.

“This was in a bid to retrieve the detained van and the money, and based on the outcome of investigation and recommendations of the Investigation Unit of the NCS, the Comptroller-General granted an approval for the release of the detained van and the money.

“This is in line with the provision of section 248 (1) and (2) of NCS Act, 2023,” he said.(NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Bashir Adeniyi NCS Olusola Alade

Post navigation

Previous Quackery: NIPR issues April 1 deadline to begin crackdown
Next Tinubu to security chiefs: There must be conclusive victory 

Related Stories

Troops Block Interstate Gun-Running Route, Intercept Weapons Shipment, Foils Trafficking Network in Kaduna Soldiers beat policemen
  • National News

Troops Block Interstate Gun-Running Route, Intercept Weapons Shipment, Foils Trafficking Network in Kaduna

July 13, 2026
Proposed hike in SSCE registration fee should be discarded, not just suspended : NAPTAN LASUBEB
  • National News

Proposed hike in SSCE registration fee should be discarded, not just suspended : NAPTAN

July 13, 2026
Xenophobia: Gov. Okpebholo Pledges N1m Each to Edo Returnees from South Africa
  • National News

Xenophobia: Gov. Okpebholo Pledges N1m Each to Edo Returnees from South Africa

July 13, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

FG gives details of Nigeria-Hong Kong agreement on taxation
  • Business & Economy

FG gives details of Nigeria-Hong Kong agreement on taxation

July 14, 2026
Troops Block Interstate Gun-Running Route, Intercept Weapons Shipment, Foils Trafficking Network in Kaduna Soldiers beat policemen
  • National News

Troops Block Interstate Gun-Running Route, Intercept Weapons Shipment, Foils Trafficking Network in Kaduna

July 13, 2026
POST CLEARANCE AUDIT: Why the World Bank technical assistance matters for Nigeria’s trade competitiveness, by Okey Ibeke
  • Business & Economy

POST CLEARANCE AUDIT: Why the World Bank technical assistance matters for Nigeria’s trade competitiveness, by Okey Ibeke

July 13, 2026
More trouble for ADC as Appeal Court bars INEC from recognising Mark-led ADC Congresses
  • Crime and Justice

More trouble for ADC as Appeal Court bars INEC from recognising Mark-led ADC Congresses

July 13, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.