• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
CBN Governor in Import Duty Scandal, Offers Waiver to Family Member Against President Buhari’s Directive

CBN Governor in Import Duty Scandal, Offers Waiver to Family Member Against President Buhari’s Directive

5 years ago
Sweden Phases Out Development Aid To Zimbabwe, Mozambique In Priorities Shift

Sweden Phases Out Development Aid To Zimbabwe, Mozambique In Priorities Shift

5 hours ago
Tanzania: Govt Urges Citizens To Stay Home Ahead Of Expected Protest

Tanzania: Govt Urges Citizens To Stay Home Ahead Of Expected Protest

8 hours ago
UN Decry Violence In South Sudan, Call For Government Intervention

Sudan: Over 100 Dead After Attack On Kindergarten, Hospital — WHO

8 hours ago
South Africa, Ramaphosa

South Africa Ends 90-Day Visa Waiver For Palestinians, Cites Abuse

8 hours ago
Uganda: Police To Probe Opposition Leader’s Alleged Torture

Uganda: Police To Probe Opposition Leader’s Alleged Torture

10 hours ago
Tuesday, December 9, 2025
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Uganda: Police To Probe Opposition Leader’s Alleged Torture

    Uganda: Police To Probe Opposition Leader’s Alleged Torture

    UPDATED: Armed Forces Foil Attempted Coup In Benin — Interior Minister

    UPDATED: Armed Forces Foil Attempted Coup In Benin — Interior Minister

    BREAKING: Attempted Coup In Benin As Soldiers Announce Removal Of President Talon

    BREAKING: Attempted Coup In Benin As Soldiers Announce Removal Of President Talon

    US Reviews Relations With Tanzania Over Alleged Religious Repression, Violence

    US Reviews Relations With Tanzania Over Alleged Religious Repression, Violence

    Guinea-Bissau: Commission Cites Destruction Of Servers For Inability To Complete Election

    Guinea-Bissau: Commission Cites Destruction Of Servers For Inability To Complete Election

    Zambia: Ex-President’s Daughter Loses Parliamentary Seat After Prolonged Absence

    Zambia: Ex-President’s Daughter Loses Parliamentary Seat After Prolonged Absence

    S/Africa: Ex-President Zuma’s Daughter To Appear In Court Over 2021 Deadly Riots

    South Africa: Ex-President Zuma’s Daughter Resigns As MP Over Alleged Human Trafficking

    Germany Wants Trump’s Decision To Exclude SA In G20 Summit Reversed

    Germany Wants Trump’s Decision To Exclude SA In G20 Summit Reversed

    Guinea-Bissau: Army General Inaugurated As Interim Leader After Coup

    Guinea-Bissau: Army General Inaugurated As Interim Leader After Coup

  • Economy
    Morocco: Royal Air Maroc To Launch Africa’s First Direct Flight To Los Angeles

    Morocco: Royal Air Maroc To Launch Africa’s First Direct Flight To Los Angeles

    Nigeria: Opposition Slams Tinubu’s N17.5 Trillion Pipeline Security Spending

    Nigeria: Opposition Slams Tinubu’s N17.5 Trillion Pipeline Security Spending

    HT Exclusive: AU-EU Summit: The €15.5bn Climate Action, Deeper Trade Ties And Other Gains For Africa

    HT Exclusive: AU-EU Summit: The €15.5bn Climate Action, Deeper Trade Ties And Other Gains For Africa

    AfDB, Afreximbank Chiefs Meet In Abidjan, Push Deeper Alliance For Africa’s Integration

    AfDB, Afreximbank Chiefs Meet In Abidjan, Push Deeper Alliance For Africa’s Integration

    Gov. Douye Diri, Samuel Ogbuku And Others To Attend 5th Niger Delta MSME Summit In Bayelsa

    Gov. Douye Diri, Samuel Ogbuku And Others To Attend 5th Niger Delta MSME Summit In Bayelsa

    Senegal Moves To Avert Oil Spill As Turkish Vessel Shows Distress Signs

    Senegal Moves To Avert Oil Spill As Turkish Vessel Shows Distress Signs

    Nigeria: HCSF Urges New Permanent Secretaries To Champion Ethical Leadership

    Nigeria: HCSF Urges New Permanent Secretaries To Champion Ethical Leadership

    Canada: PM Carney Rolls Back Climate Rules To Boost Investment In Fossil Fuel

    Canada: PM Carney Rolls Back Climate Rules To Boost Investment In Fossil Fuel

    Nigeria: Bayelsa Launches Commercial Flight Operations With State-Owned Airline

    Nigeria: Bayelsa Launches Commercial Flight Operations With State-Owned Airline

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Uganda: Police To Probe Opposition Leader’s Alleged Torture

    Uganda: Police To Probe Opposition Leader’s Alleged Torture

    UPDATED: Armed Forces Foil Attempted Coup In Benin — Interior Minister

    UPDATED: Armed Forces Foil Attempted Coup In Benin — Interior Minister

    BREAKING: Attempted Coup In Benin As Soldiers Announce Removal Of President Talon

    BREAKING: Attempted Coup In Benin As Soldiers Announce Removal Of President Talon

    US Reviews Relations With Tanzania Over Alleged Religious Repression, Violence

    US Reviews Relations With Tanzania Over Alleged Religious Repression, Violence

    Guinea-Bissau: Commission Cites Destruction Of Servers For Inability To Complete Election

    Guinea-Bissau: Commission Cites Destruction Of Servers For Inability To Complete Election

    Zambia: Ex-President’s Daughter Loses Parliamentary Seat After Prolonged Absence

    Zambia: Ex-President’s Daughter Loses Parliamentary Seat After Prolonged Absence

    S/Africa: Ex-President Zuma’s Daughter To Appear In Court Over 2021 Deadly Riots

    South Africa: Ex-President Zuma’s Daughter Resigns As MP Over Alleged Human Trafficking

    Germany Wants Trump’s Decision To Exclude SA In G20 Summit Reversed

    Germany Wants Trump’s Decision To Exclude SA In G20 Summit Reversed

    Guinea-Bissau: Army General Inaugurated As Interim Leader After Coup

    Guinea-Bissau: Army General Inaugurated As Interim Leader After Coup

  • Economy
    Morocco: Royal Air Maroc To Launch Africa’s First Direct Flight To Los Angeles

    Morocco: Royal Air Maroc To Launch Africa’s First Direct Flight To Los Angeles

    Nigeria: Opposition Slams Tinubu’s N17.5 Trillion Pipeline Security Spending

    Nigeria: Opposition Slams Tinubu’s N17.5 Trillion Pipeline Security Spending

    HT Exclusive: AU-EU Summit: The €15.5bn Climate Action, Deeper Trade Ties And Other Gains For Africa

    HT Exclusive: AU-EU Summit: The €15.5bn Climate Action, Deeper Trade Ties And Other Gains For Africa

    AfDB, Afreximbank Chiefs Meet In Abidjan, Push Deeper Alliance For Africa’s Integration

    AfDB, Afreximbank Chiefs Meet In Abidjan, Push Deeper Alliance For Africa’s Integration

    Gov. Douye Diri, Samuel Ogbuku And Others To Attend 5th Niger Delta MSME Summit In Bayelsa

    Gov. Douye Diri, Samuel Ogbuku And Others To Attend 5th Niger Delta MSME Summit In Bayelsa

    Senegal Moves To Avert Oil Spill As Turkish Vessel Shows Distress Signs

    Senegal Moves To Avert Oil Spill As Turkish Vessel Shows Distress Signs

    Nigeria: HCSF Urges New Permanent Secretaries To Champion Ethical Leadership

    Nigeria: HCSF Urges New Permanent Secretaries To Champion Ethical Leadership

    Canada: PM Carney Rolls Back Climate Rules To Boost Investment In Fossil Fuel

    Canada: PM Carney Rolls Back Climate Rules To Boost Investment In Fossil Fuel

    Nigeria: Bayelsa Launches Commercial Flight Operations With State-Owned Airline

    Nigeria: Bayelsa Launches Commercial Flight Operations With State-Owned Airline

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

CBN Governor in Import Duty Scandal, Offers Waiver to Family Member Against President Buhari’s Directive

A top official of the apex bank accused Emefiele of padding his pockets through his cronies by sabotaging all policies of the Nigerian Government against food importation.

September 22, 2020
in Exposé
0
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

According to operators, the value of imported tomato paste in Nigeria was about $170m and $50m spent on triple tomato concentrate.

“Increase in the tariff of the tomato concentrate and other concentrates (HS Code 2002.90.11.000) from five per cent to 50 per cent and additional levy of $1,500 per metric tons with the objective of increasing the current tariff from five per cent to 50 per cent (35 per cent +5 per cent+10 per cent) and an additional levy of US$1,500 metric ton. Restriction on the importation of tomato concentrates to the seaports to address abuse of ECOWAS Trade Liberalisation scheme (ETLS) and inclusion of tomato production and processing in the list of industries eligible for investment incentives administered by the Nigeria Investment Promotion Commission (NIPC),” documents seen by SaharaReporters read.

Relatedreading

Is Abu Lulu’s Arrest Order Sincere — Or A PR Stunt? What It Means for Sudan’s Bloody War

HT Exclusive: Why Botswana Is Trading Mineral Access For US Tariff Relief

But in a letter to the Minister of Finance and National Planning, Emefiele asked for import duty of five per cent against 50 per cent approved by Buhari on tomato concentrate for Sonia Foods.

“The honourable minister is hereby to consider and approve the concessionary import duty of five per cent and waiver of levies of 35 per cent and $1500/ton on imported tomato concentrate for SONIA Foods Ltd and advise the Controller General of Customs and Chairman, Federal Inland Revenue Service accordingly. The request if granted will be for a two (2) year period to enable the company to produce enough tomato fruits to service its factories,” part of the letter seen by SaharaReporters read.

A top official of the apex bank accused Emefiele of padding his pockets through his cronies by sabotaging all policies of the Nigerian Government against food importation.

“While pretending to support agriculture, Emefiele is padding his pockets through his cronies by sabotaging the policies of the Federal Government against any food importation. He first started by giving exclusivity to his friends as sole importers of powdered milk into the country under the guise that they are investing in setting up cattle ranches. This has now resulted in explosive rise of powdered milk by more than 300 per cent.

“Thereafter, he gave another set of his business associates exclusive waiver to import thousands of tons of maize to curtail maize shortage without a single ton given to the Nigerian Poultry Association, without the knowledge of the Minister of Agriculture and the approval of the President. It was a very great embarrassment to President Buhari that he had to seriously scold the CBN governor during last weeks FEC meeting in the presence of all Ministers. He was said to have apologized profusely to the President with the promise not to repeat such act of economic sabotage.

“But the CBN Governor is still unrepentant as he has now moved to sabotage the Tomato Policy by recommending a duty reduction and levy waiver to allow his brother and owner of Sonia Foods to import tomato concentrate for the next two years after giving him N2bn to set up a tomato factory while still refusing to release funds to tomato farmers for this year’s tomato growing season.

“By so doing, he’s on one hand saying Nigeria will soon attain self sufficiency in tomato production going by the recent newspaper publication by the CBN and at the same time denying farmers funds for tomato production so that he and his brother can make big money importing tomato concentrate into the country.

“This attitude of his only serves to destroy all the measures the Buhari government is putting to food importation and make Nigerians grow enough food to feed itself,” the official said.

Source: Sahara Reporters
ShareTweetSend
Previous Post

Despite Ban, Nigerian Government Secretly Permits Four Companies To Import Maize

Next Post

Akeredolu’s Son Made N433m From N4.3bn Stashed In Government’s Account – Ajayi

Related Posts

Is Abu Lulu’s Arrest Order Sincere — Or A PR Stunt? What It Means for Sudan’s Bloody War

Is Abu Lulu’s Arrest Order Sincere — Or A PR Stunt? What It Means for Sudan’s Bloody War

October 31, 2025
HT Exclusive: Why Botswana Is Trading Mineral Access For US Tariff Relief

HT Exclusive: Why Botswana Is Trading Mineral Access For US Tariff Relief

October 5, 2025

Pushing Nigerian Workplaces Towards Real Gender Equality

HT Exclusive: Women At The Frontlines Of Conflict In Africa, Stories Of Resilience and Survival

Explainer: 5 Reasons African Countries Are Taking Back US Deportees

‘Japa Syndrome’ To Rise As Japan Names Kisarazu Official Hometown To Host Skilled Nigerian Migrants

Next Post
Akeredolu’s Son Made N433m From N4.3bn Stashed In Government’s Account – Ajayi

Akeredolu's Son Made N433m From N4.3bn Stashed In Government's Account - Ajayi

Please login to join discussion
AfriHeritage Magazine Issue 3 - Cover 1 AfriHeritage Magazine Issue 3 - Cover 1 AfriHeritage Magazine Issue 3 - Cover 1

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Sweden Phases Out Development Aid To Zimbabwe, Mozambique In Priorities Shift

Sweden Phases Out Development Aid To Zimbabwe, Mozambique In Priorities Shift

December 8, 2025
Tanzania: Govt Urges Citizens To Stay Home Ahead Of Expected Protest

Tanzania: Govt Urges Citizens To Stay Home Ahead Of Expected Protest

December 8, 2025
UN Decry Violence In South Sudan, Call For Government Intervention

Sudan: Over 100 Dead After Attack On Kindergarten, Hospital — WHO

December 8, 2025
South Africa, Ramaphosa

South Africa Ends 90-Day Visa Waiver For Palestinians, Cites Abuse

December 8, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Sweden Phases Out Development Aid To Zimbabwe, Mozambique In Priorities Shift

December 8, 2025

Tanzania: Govt Urges Citizens To Stay Home Ahead Of Expected Protest

December 8, 2025

Sudan: Over 100 Dead After Attack On Kindergarten, Hospital — WHO

December 8, 2025

South Africa Ends 90-Day Visa Waiver For Palestinians, Cites Abuse

December 8, 2025

Uganda: Police To Probe Opposition Leader’s Alleged Torture

December 8, 2025

DRC Accuses Rwanda Of Violating US-Backed Peace Deal

December 8, 2025

Benin: ECOWAS Deploys Standby Force After Foiled Coup Attempt

December 8, 2025

Nigeria Seeking French Support To Tackle Insecurity — Macron

December 7, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

One Year of Transformative Stewardship: Walson-Jack’s Innovative Impact on Nigeria’s Civil Service

Africa’s Largest Tech Event, MWC25 Kigali, Returns With Focus On Innovation, Policy

Nadine Djuiko: Meet The Cameroonian Woman Behind Maryland’s Million-Dollar Braiding Empire

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • HT Management
  • Privacy Policy

© 2025 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • HT Management
  • About HT
  • Contact us

© 2025 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In