02/06/2026
An international trade consultant, Okey Ibeke, alleges Nigeria lost over $600 million in Customs duties and VAT across three decades due to foreign shipping lines selling temporarily imported empty containers locally without proper conversion, urging the Nigeria Customs Service to suspend such sales (citing Grimaldi) and audit container transactions to recover unpaid duties and enforce compliance with Customs, CBN, NPA, and Shippers’ Council regulations.
Ibeke claims improper local sales of empty import containers have deprived Nigeria of more than $600 million in duties and VAT over 30 years.
Grimaldi Agency Nigeria’s planned sale of 2,500 containers for USD payments triggered calls for suspension pending a full audit.
Containers are under “Temporary Import” status and must be re-exported or formally converted with duties, VAT, and levies paid before lawful local sale.
Conversion requires application to NCS, customs valuation, payment into government accounts, and issuance of a release order—steps allegedly skipped.
Using 2026 tariff rates, an unlawfully sold $2,000 container could cost government $350–$400 in lost revenue, scaling to substantial losses per transaction.
Industry estimates suggest hundreds of thousands of containers sold locally (e.g., as shops or storage) without duty over decades.
Trade imbalance (imports heavy, exports light and non-containerized) causes ships to leave largely empty, incentivizing abandonment or sale of empties.
Repatriation costs ($2,000–$4,000 per 20ft) further encourage shipping lines to dispose of containers locally rather than export them.
Complaints include arbitrary dollar-denominated demurrage/detention, delayed deposit refunds, forced use of nominated transporters, and withholding documents.
Ibeke references NCS Act 2023, CBN FX Manual, NPA temporary import guidelines, and Nigerian Shippers’ Council rules as legal bases being violated.
He recommends suspension of container sales, a system-wide audit from 2006, reconciliation of exit records with Customs data, and recovery of unpaid duties, taxes, levies, and penalties.
The objective is enforcement of law and revenue protection, not deterring investors, according to Ibeke.