• 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

6 years ago
Mozambique Bans Protests Amid Deadly Post-Election Unrest

Xenophobia: NiDCOM Urges Nigerians In South Africa To Shut Businesses, Avoid Protests

7 hours ago
Morocco Unveils 55-Storey $700M Skyscraper To Boost Tourism 

Morocco Unveils 55-Storey $700M Skyscraper To Boost Tourism 

8 hours ago
Mali: 20 Soldiers Arrested Over Alleged Plan To Overthrow Junta-led Govt

Mali: Military Says Situation Under Control After Attacks

9 hours ago
Trump Orders US Exit From 66 UN Bodies, International Agencies

Trump Imposes Sanctions On China-Based Refinery, Others Over Iranian Oil

1 day ago
South Africa Vows Action Against Xenophobia As Ghanaians Protest

South Africa Vows Action Against Xenophobia As Ghanaians Protest

1 day ago
Sunday, April 26, 2026
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Benin: Constitutional Court Affirms Election Of Wadagni As President

    Benin: Constitutional Court Affirms Election Of Wadagni As President

    Pope Meets Prison Inmates In Equatorial Guinea Visit

    Pope Meets Prison Inmates In Equatorial Guinea Visit

    President Lula Slams Trump Rejection Of South Africa At G20 Summit

    President Lula Slams Trump Rejection Of South Africa At G20 Summit

    Senegal Says Ex-President Sall Has No Home Support For UNSG Candidacy

    Senegal: Ex-President Macky Sall To Be Grilled This Week For UN Top Job

    President Mahama Congratulates Congo’s Counterpart On Inauguration

    President Mahama Congratulates Congo’s Counterpart On Inauguration

    Cameroon: President Biya Returns Home After 42 Days Absence

    Cameroon: Biya Signs New Law That Restores Vice Presidency

    Ramaphosa Appoints New Ambassador To US After Rasool’s Expulsion 

    Ramaphosa Appoints New Ambassador To US After Rasool’s Expulsion 

    Benin: Opposition Candidate Concedes Defeat To Finance Minister

    Benin: Opposition Candidate Concedes Defeat To Finance Minister

    Benin: Vote Counting Underway As Election Ends

    Benin: Vote Counting Underway As Election Ends

  • Economy
    Trump Orders US Exit From 66 UN Bodies, International Agencies

    Trump Imposes Sanctions On China-Based Refinery, Others Over Iranian Oil

    Nigeria: Power Minister Quits Amidst Crippling Energy Supply

    Nigeria: Power Minister Quits Amidst Crippling Energy Supply

    Ethiopian Airlines Seals Dreamliner Deal With Boeing

    Ethiopian Airlines Seals Dreamliner Deal With Boeing

    Nigeria: President Tinubu Sacks Finance Minister

    Nigeria: President Tinubu Sacks Finance Minister

    World Bank Advocates Debt Relief For Countries Owing Over $8.7trn

    Nigeria: Govt Dismisses ‘Hidden Spending’ Claims, Says World Bank Report Misread

    Kenya: Ruto Orders Shooting Of Protesters Attacking Businesses

    Kenya Seeks World Bank’s Assistance As Iran’s War Bites Harder

    IMF Raises Concern Over Nigeria’s Growing Debt Burden Under Tinubu

    IMF Raises Concern Over Nigeria’s Growing Debt Burden Under Tinubu

    ‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

    ‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

    Six Nigerian Airlines Form ‘Spring Alliance’ To Tackle Flight Delays, Cancellation

    Nigeria: Airlines Threaten Shutdown Over Soaring Aviation Fuel Costs

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Benin: Constitutional Court Affirms Election Of Wadagni As President

    Benin: Constitutional Court Affirms Election Of Wadagni As President

    Pope Meets Prison Inmates In Equatorial Guinea Visit

    Pope Meets Prison Inmates In Equatorial Guinea Visit

    President Lula Slams Trump Rejection Of South Africa At G20 Summit

    President Lula Slams Trump Rejection Of South Africa At G20 Summit

    Senegal Says Ex-President Sall Has No Home Support For UNSG Candidacy

    Senegal: Ex-President Macky Sall To Be Grilled This Week For UN Top Job

    President Mahama Congratulates Congo’s Counterpart On Inauguration

    President Mahama Congratulates Congo’s Counterpart On Inauguration

    Cameroon: President Biya Returns Home After 42 Days Absence

    Cameroon: Biya Signs New Law That Restores Vice Presidency

    Ramaphosa Appoints New Ambassador To US After Rasool’s Expulsion 

    Ramaphosa Appoints New Ambassador To US After Rasool’s Expulsion 

    Benin: Opposition Candidate Concedes Defeat To Finance Minister

    Benin: Opposition Candidate Concedes Defeat To Finance Minister

    Benin: Vote Counting Underway As Election Ends

    Benin: Vote Counting Underway As Election Ends

  • Economy
    Trump Orders US Exit From 66 UN Bodies, International Agencies

    Trump Imposes Sanctions On China-Based Refinery, Others Over Iranian Oil

    Nigeria: Power Minister Quits Amidst Crippling Energy Supply

    Nigeria: Power Minister Quits Amidst Crippling Energy Supply

    Ethiopian Airlines Seals Dreamliner Deal With Boeing

    Ethiopian Airlines Seals Dreamliner Deal With Boeing

    Nigeria: President Tinubu Sacks Finance Minister

    Nigeria: President Tinubu Sacks Finance Minister

    World Bank Advocates Debt Relief For Countries Owing Over $8.7trn

    Nigeria: Govt Dismisses ‘Hidden Spending’ Claims, Says World Bank Report Misread

    Kenya: Ruto Orders Shooting Of Protesters Attacking Businesses

    Kenya Seeks World Bank’s Assistance As Iran’s War Bites Harder

    IMF Raises Concern Over Nigeria’s Growing Debt Burden Under Tinubu

    IMF Raises Concern Over Nigeria’s Growing Debt Burden Under Tinubu

    ‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

    ‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

    Six Nigerian Airlines Form ‘Spring Alliance’ To Tackle Flight Delays, Cancellation

    Nigeria: Airlines Threaten Shutdown Over Soaring Aviation Fuel Costs

  • 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

XENOPHOBIA: South Africa’s Hate Campaign Against Fellow Africans Is Sparking Continental Alarm

HT Exclusive: Rare-Earth Discovery Could Redefine Botswana’s Economic Future

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

XENOPHOBIA: South Africa’s Hate Campaign Against Fellow Africans Is Sparking Continental Alarm

XENOPHOBIA: South Africa’s Hate Campaign Against Fellow Africans Is Sparking Continental Alarm

April 22, 2026
HT Exclusive: Rare-Earth Discovery Could Redefine Botswana’s Economic Future

HT Exclusive: Rare-Earth Discovery Could Redefine Botswana’s Economic Future

March 4, 2026

HT Exclusive: 5 Talking Points From Obasanjo’s Accra Reset Pitch At The G20 Summit

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

Pushing Nigerian Workplaces Towards Real Gender Equality

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
Mozambique Bans Protests Amid Deadly Post-Election Unrest

Xenophobia: NiDCOM Urges Nigerians In South Africa To Shut Businesses, Avoid Protests

April 25, 2026
Morocco Unveils 55-Storey $700M Skyscraper To Boost Tourism 

Morocco Unveils 55-Storey $700M Skyscraper To Boost Tourism 

April 25, 2026
Mali: 20 Soldiers Arrested Over Alleged Plan To Overthrow Junta-led Govt

Mali: Military Says Situation Under Control After Attacks

April 25, 2026
Trump Orders US Exit From 66 UN Bodies, International Agencies

Trump Imposes Sanctions On China-Based Refinery, Others Over Iranian Oil

April 24, 2026

Most Recent

Xenophobia: NiDCOM Urges Nigerians In South Africa To Shut Businesses, Avoid Protests

April 25, 2026

Morocco Unveils 55-Storey $700M Skyscraper To Boost Tourism 

April 25, 2026

Mali: Military Says Situation Under Control After Attacks

April 25, 2026

Trump Imposes Sanctions On China-Based Refinery, Others Over Iranian Oil

April 24, 2026

South Africa Vows Action Against Xenophobia As Ghanaians Protest

April 24, 2026

Benin: Constitutional Court Affirms Election Of Wadagni As President

April 24, 2026

South Africa: Ramaphosa Suspends Police Chief Over $20m Health Contract

April 24, 2026

“Act Now Or Face Regional Fallout”: Siasia Condemns Xenophobic Violence In South Africa

April 23, 2026

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