November 28, 2021

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‘Nigeria loses billions of dollars to non-implementation of Cargo Tracking Note’

The Citizens Advocacy for Social and Economic Rights (CASER) says Nigeria has continued to lose billions of dollars in revenue to the non-implementation of the Cargo Tracking Note (CTN).

Its Executive Director, Frank Tietie, in a petition to the Economic and Financial Crimes Commission (EFCC), said: “unscrupulous importers” were behind the implementation failure and the general loss of revenue being witnessed at the port.

The Cargo Tracking Note or Electronic Cargo Tracking Note is a global standard of monitoring the safety, security and accuracy of cargo moved by sea.

Tietie noted that there are serious security and economic implications if corrupt people who “mismanaged” the scheme are allowed to procure the services of a new firm to operate the CTN scheme.

He urged the EFCC to investigate the matter, saying it had become of utmost concern to Nigerians.

“Consequently, the serious security and economic implications of mismanaging and allowing corrupt disregard of laws and standards of procuring the services of a new firm to operate the CTN scheme in Nigeria becomes of utmost concern to the citizens of Nigeria, which forms the basis for this petition, calling for urgent and discreet investigation,” Tietie said.