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Aug 02

Expert blames clearing agents for N10b capital flight

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The Chief Executive of Rashy-Shol Nigeria Ltd, Mr. Rasheed Ishola has called on the government to curtail the activities of unlicensed clearing and forwarding agents in the country.

 

He said they fleece government of not less than N10billion yearly, noting that taxes and other charges meant for the development of various ports would continue to nosedive if not checked.

He added that the unlicensed agents constitute danger to unsuspecting customers in view of the lingering recession.

According to him, “The havoc they wreck on importers is so great that, government need to quickly swing into action to stop them. If this is done, it would boost revenue for the government and as well help the image of the country.

“This is because our ports are being used by locals and foreigners; this goes a long way to give the wrong impression.”

Ishola further explained that clearing and forwarding union had made several attempts to check the activities of quacks, but didn’t succeed.

“It is even unfortunate that some of these unlicensed agents are using the licensed agents’ platform to carry out their acts. They start by charging less than what is normal charged to clear goods for the port.

“They will now demand for more money but at the end of the day, the clients will pay over N8000 for what should have cost N5000. At the end of the day, they will not pay tax to government or others legal charges,” he said.

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