News
Customs Releases New Guidelines on Disposal of Sei

Nigeria Customs Service (NCS) has approved a new procedure for the disposal of seized and overtime goods in its bid to address some of the perceived irregularities relating to the past procedure including fake online auctions.
Consequently, the NCS confirmed that it is setting up four different committees to handle the disposal of these categories of goods. The committees include an Assessment Committee, Disposal Committee, Seizure Committee and Overtime Committee.
According to the new guidelines signed by Col. Hammed Ali (rtd), comptroller-general of Customs perishable items with or without defendants are to be properly disposed of by the relevant committee.
For goods classified as general goods, the new guidelines stated that these are to be disposed of after condemnation by a competent court of law: “Condemnation shall be done after 30 days of seizure, so far as there is no notice of claim or litigation.”
The guidelines also stipulated that all overtime cargoes are to be published in the Federal Government’s gazette when they fall due over 30 days.
Under the new dispensation, the NCS will advertise information on seized and overtime goods for disposal with their reserve prices in the media and on its official website.
The authorities enjoined interested buyers to apply online, specifying items of interest to the committee on disposal, adding that applications must be accompanied with an approved means of identification such as a National Identity card, International Passport or Driver’s Licence, in addition to a recent passport photograph scanned onto the dedicated portal on the website.
The guidelines further explained that successful applicants will be required to make payment within 14 days of notification through designated banks at the area commands where the goods are domiciled.
Any returns on disposals would need to be rendered to the Comptroller-General not later than 21 days after completion of each exercise. The NCS however pointed out that the Disposal Committee, subject to the approval of the Comptroller-General, might use its discretion in handling peculiar cases.
The Assessment Committee shall consist of not less than five officers of high integrity including valuation officers at all area commands supervised by the Zonal Co-ordinator. The committee shall undertake inspection, collation and fixing of prices of all goods on monthly basis and is to forward its report to the Auction Committee.
The guidelines also tasked the Seizure Committee and Overtime Committee with the responsibility of handling the disposal of overtime and seized goods.
“The Seizure Committee shall comprise of representatives of all departments of the NCS, including representatives of headquarters not below the rank of assistant controllers or its equivalent,” the guidelines stated.
The Overtime Committee on the other hand will be made up of 16 members and consist of the Assistant Comptroller General Enforcement, representatives from Director, Legal (NCS), Federal Ministry of Finance, Independent Corrupt Practices Commission, civil organization, National Agency for Food, Drug Administration and Control (NAFDAC) and a representative from the Accountant General of the Federation’s office. Others include a representative each from the National Security Adviser, Directorate of Security Services, Valuation (NCS), Secretary to the Government of the Federation, Nigeria Ports Authority, Police, Economic and Financial Crimes Commission, Standards Organisation of Nigeria and Chief of Defence Staff.
News
Access Holdings Sets New Benchmark in Nigeria’s Finance Talent Pipeline

New data from CFA Society Nigeria is reshaping how the country’s financial sector thinks about talent development, with Access emerging as the single largest source of CFA candidates in Nigeria, distinction industry watchers say signals a deeper shift in how leading institutions are building investment expertise from within.

In its Where Nigeria’s Finance Professionals Work series, published in a national daily, CFA Society Nigeria placed Access first among employers of CFA candidates nationwide, with 82 candidates enrolled in the programme, more than double the 38 recorded at the next-placed institution and well ahead of every other bank or financial services firm on the list.
Access also ranked second among employers of CFA charterholders, with 11 professionals who have completed all three levels of the Programme and met its experience and ethics requirements.
For an industry that has long measured itself by balance sheet size and branch count, the rankings point to a different kind of competition: one over who is building the deepest bench of certified, globally credentialed talent.
CFA Society Nigeria compiled the data from its Salesforce Membership Database as at June 2026, and described the exercise as a way of recognising employers whose people “bring rigour, integrity and global best practices into the workplace every day.”
Analysts following the sector say the outcome is notable less for the ranking itself than for what it suggests about talent strategy across Africa’s financial services industry. A single institution developing more aspiring charterholders than the rest of the market combined raises the floor for professional standards nationally, not just within one balance sheet.
Every candidate who advances through the CFA Programme adds to a shared pool of ethics-trained, analytically rigorous professionals that Nigeria’s capital markets, pension funds and asset managers all eventually draw from.
Access Holdings Group Chief Executive Officer Innocent C. Ike, commenting on the rankings, framed the achievement in terms of institution-building rather than recruitment: “Every candidate on that list represents our commitment to building institutions and professionals that endure.”
The remark echoes a broader thesis increasingly voiced by market observers, that talent depth, not scale alone, is what will determine which African financial institutions earn lasting global credibility.
That distinction sits at the centre of Access’s stated ambition to become the World’s Most Respected African Financial Services Group. If the CFA numbers are any indication, the Group’s route to that goal runs less through square metres of branch network and more through the calibre of the people sitting inside it, a bet that Nigeria’s finance professionals, and the institutions that will one day hire them, are already placing alongside Access.
News
NCAA to Introduce RFID Technology to Tackle Missing Luggages

Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages

Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.
Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.
According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.
Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.
Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.
He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.
The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.
The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.
The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.
News
Firm Urges MSMEs to Increase Digital Payments Adoption for Growth

eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.

The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.
In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”
Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.
However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.
She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.
Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.
“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.
Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.
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