5 Most Notorious Government Agencies Siphoning Nigeria's Revenue

This article highlights some of the Organizations at the top list of siphoning most of the revenue which should be going into Government's purse, but rather diverted to private pockets. They're responsible for Nigeria's low IGR and Foreign revenue annually despite the huge amount of money coming from crude oil exports and Huge actual Internally Generated Revenue, most of which the Nigerian Government does not officially earn. If the Federal Government wants to boost its IGR and budget expectations, these are the organizations to go after:

1. NNPC (Their Oga kpata kpata): Records speak for itself, the NNPC doesn't even know the amount of crude it imports daily. There are possibly over 100 different means which the NNPC uses to siphon government revenue. From fraudulent subsidy payments to intentional delay of imported products to incur and accumulate demurrage with shopping companies. They're mostly responsible for the over $600 billion dollars alleged by the EFCC to have been stolen from Nigeria since 1999.

2. NPA: Working for the Nigeria Ports Authority can even be more rewarding than working for the NNPC. Thousands of illegal deals worth millions of Naira are settled under the table at the ports on a daily basis. Government ends up not recording most of these criminal deals. So many criminal waivers, unrecorded imports, direct cash settlements rather than legal payment channels, undercharges, auction sales etc.

3. Customs: customs officials attached to courier agencies target goods coming in from overseas. Once your package arrives, you'd be expecting the normal courier charge and taxes, then you hear the bad news; Nigeria customs is holding your package. They'll usually give you a fictitious extra bill, citing some flimsy reasons and stipulated policies and conditions which cannot be found anywhere on their website. Instead of allowing the goods get to your local courier office, they'll rather invite you to Lagos and that's when you get desperate because you don't want to travel all the way to Lagos to collect a package. So you decide to negotiate and pay. Mode of payment is usually their private accounts or other means which will not be eventually traced back to them, not government's purse. Sometimes also, their charges are genuine, but settled through private channels, So government gets little or nothing from the illegal transaction.

Their Illegal Operations with The Immigration Service at Nigeria's borders also ensure that Cars and other goods are imported into Nigeria illegally with taxes and charges that are never documented or paid into government's purse.

4. FIRS: this is another criminal organization in Nigeria.They target multinationals and big companies, and the richest among them work in Abuja, Lagos, Port Harcourt and other cities with numerous big companies. They help you evade tax in so many different ways (evading and avoiding tax are different things, one is criminal, the other is legal) and collect huge rewards for their excellent criminal manoevers. Hundreds of billions or possibly trillions therefore go unrecovered annually.

5. NIMASA: The Nigerian Maritime Administration and Safety Agency is a regulatory body saddled with various maritime related responsibilities including administration and regulation of shipping licenses, carrying out aerial and coastal surveillance, control and prevention of maritime pollution, providing maritime security. About 40% of Nigeria's income Is budgeted for this agency to develop maritime infrastructure and fund the operations of the Maritime Academy of Nigeria. NIMASA has been involved with various levels of fraud on many occasions running into Trillions of naira.

Other Agencies include the Nigeria Immigration Service, Federal Road Safety and The Nigeria Police Force.

You may add more and highlight. We want complete reforms so that we may recover our money and develop our infrastructure.

God Bless Nigeria.

- SocialMediaMan

NNPC

Up NEPA!!!!!!!!!

thanks for the information

Add PHCN and Nigerian Army.

PassingShot:
Add PHCN and Nigerian Army.

Lol. Yeah, these people have finished our economy

bewla:
thanks for the information

You're welcome...

What baffles me the more, is that, these organizations generate Billions of Naira yearly but instead of remitting to the State's coffer, they share it among themselves(staff) and the government ends up allocating more fund for them to share!

NIMASA, NPA, are not paying dime to the FG as generated revenue!

To be fair, it didn't start with jonadafft, it has been the practice since God-Knows-When!

But it got to Stop, for meaningful development to take place!

PHCN

Op pls add NPF to that list. I think they should go home with d trophy

Then PHCN or whatever there baptismal name is, that sector na corruption personified

Nigerian customs is the worst honestly. I know this for a fact.

Many thanks to the Buhari's single treasure account policy. This was what he saw, the same that Jonathan ignored.

These are some of the parastatals the Ministers in Jonathan's cabinet used to massively divert the wealth of this nation.

FAAN AND NNLNG

Nepa should be among the top 5,they are very corrupt

Niger Delta Development Commission (NDDC) I.e when you talk of Siphoning of funds into Private Pockets.

Space available

Almost all government agencies siphon revenue

A

R

NDDC, PHCN, and NPF should be on the list too.

AMAECHI! My role model.

PRISCAOGE! My love.

Kandaha:
Niger Delta Development Commission (NDDC) I.e when you talk of Siphoning.

Yeah, I was focusing on those siphoning our income before it gets into government purse, the ones that cut our IGR short that makes our budget low based on expected low revenue generation. Others are actually wasting the budget, but these ones should be bringing revenue to govt but they end up being leftovers

NEPA.

How about Ajaokuta steel rolling mill or it doesn't consume as before ?.

Hmmmmmm !.

NNPC & PHCN I hail o........

bigwallace:
Nepa should be among the top 5,they are very corrupt

Yes PHCN should be among them, i just hand picked these ones because they constitute the agencies that bring in revenue to government which is counted as IGR

I usually overlooked FIRS, untill i saw a report of their annual Account inflow! na Trillions dem d count ooo

What about FRSC
Doing nothing

socialmediaman:
5 Most Notorious Government Agencies Siphoning Nigeria's Revenue

This article highlights some of the Organizations at the top list of siphoning most of the revenue which should be going into Government's purse, but rather diverted to private pockets. They're responsible for Nigeria's low IGR and Foreign revenue annually despite the huge amount of money coming from crude oil exports and Huge actual Internally Generated Revenue, most of which the Nigerian Government does not officially earn. If the Federal Government wants to boost its IGR and budget expectations, these are the organizations to go after:

1. NNPC (Their Oga kpata kpata): Records speak for itself, the NNPC doesn't even know the amount of crude it imports daily. There are possibly over 100 different means which the NNPC uses to siphon government revenue. From fraudulent subsidy payments to intentional delay of imported products to incur and accumulate demurrage with shopping companies. They're mostly responsible for the over $600 billion dollars alleged by the EFCC to have been stolen from Nigeria since 1999.

2. NPA: Working for the Nigeria Ports Authority can even be more rewarding than working for the NNPC. Thousands of illegal deals worth millions of Naira are settled under the table at the ports on a daily basis. Government ends up not recording most of these criminal deals. So many criminal waivers, unrecorded imports, direct cash settlements rather than legal payment channels, undercharges, auction sales etc.

3. Customs: customs officials attached to courier agencies target goods coming in from overseas. Once your package arrives, you'd be expecting the normal courier charge and taxes, then you hear the bad news; Nigeria customs is holding your package. They'll usually give you a fictitious extra bill, citing some flimsy reasons and stipulated policies and conditions which cannot be found anywhere on their website. Instead of allowing the goods get to your local courier office, they'll rather invite you to Lagos and that's when you get desperate because you don't want to travel all the way to Lagos to collect a package. So you decide to negotiate and pay. Mode of payment is usually their private accounts or other means which will not be eventually traced back to them, not government's purse. Sometimes also, their charges are genuine, but settled through private channels, So government gets little or nothing from the illegal transaction.

Their Illegal Operations with The Immigration Service at Nigeria's borders also ensure that Cars and other goods are imported into Nigeria illegally with taxes and charges that are never documented or paid into government's purse.

4. FIRS: this is another criminal organization in Nigeria.They target multinationals and big companies, and the richest among them work in Abuja, Lagos, Port Harcourt and other cities with numerous big companies. They help you evade tax in so many different ways (evading and avoiding tax are different things, one is criminal, the other is legal) and collect huge rewards for their excellent criminal manoevers. Hundreds of billions or possibly trillions therefore go unrecovered annually.

5. NIMASA: The Nigerian Maritime Administration and Safety Agency is a regulatory body saddled with various maritime related responsibilities including administration and regulation of shipping licenses, carrying out aerial and coastal surveillance, control and prevention of maritime pollution, providing maritime security. About 40% of Nigeria's income Is budgeted for this agency to develop maritime infrastructure and fund the operations of the Maritime Academy of Nigeria. NIMASA has been involved with various levels of fraud on many occasions running into Trillions of naira.

Other Agencies include the Nigeria Immigration Service, Federal Road Safety and The Nigeria Police Force.

You may add more and highlight. We want complete reforms so that we may recover our money and develop our infrastructure.

God Bless Nigeria.

- SocialMediaMan

op ur rice my brother but i wud av include nairaland if not that u av mention government ovet it

The proposed Treasury Single Account (TSA) by GMB will go a long way in check mating all this trash going on right now. Just can't wait to start seeing people given lengthy years behind the bars for milking the nation.

Thanks for the article