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FAMFA Oil Faces ₦8.85bn Customs Duty Dispute Over Private Jet Fleet, Court Case Reveals Decade-Long Importation Questions
By Staff Reporter Miracle
IduwiniVoiceTv investigation has uncovered a long-running customs dispute involving FAMFA Oil Limited and three Bombardier private jets linked to the company, with federal authorities demanding approximately ₦8.85 billion in import duty on one of the aircraft, TrackNews Online reported.
The dispute, which is now before the courts, centres on allegations that the aircraft remained in Nigeria beyond the permitted period for temporary importation and that required customs documentation was either obtained late, overstayed or, in the case of one aircraft, allegedly not obtained at all.
The three aircraft identified in the records are a Bombardier Global 6000 XRS, registration VP-CFO; Bombardier Global 6000, registration VP-CEO; and Bombardier Global 7500, registration VP-CTO.
Together, the aircraft represent a substantial private aviation fleet, with the Global 7500 alone having a new list price of about $75 million.
Customs verification brings fleet under scrutiny
The controversy emerged from nationwide verification exercises initiated by the Nigeria Customs Service to identify privately owned aircraft operating in the country without properly regularised importation status.
The exercises, conducted initially in 2021 and subsequently expanded in 2024, involved cross-checking aircraft ownership information, Temporary Importation Permits (TIPs) and aviation clearance documents against aircraft operating in Nigeria.
Records reviewed by TrackNews Online indicate that the three FAMFA Oil-linked aircraft were among those flagged by federal authorities.
The most significant financial assessment concerns the Bombardier Global 7500, VP-CTO, for which customs authorities reportedly assessed an outstanding duty of ₦8,849,869,111.
Global 6000: Aircraft allegedly remained beyond TIP period
Documents examined in the course of the investigation indicate that the Bombardier Global 6000, registered VP-CEO, arrived in Nigeria in 2012 and underwent post-arrival customs inspection in September of that year.
An import permit was reportedly issued in August 2012.
Under the applicable Temporary Importation Permit regime, the permitted period is subject to a maximum duration after which an aircraft must either be exported or regularised through permanent importation and payment of the applicable duties and taxes.
According to the records reviewed, the aircraft remained in Nigeria and continued to operate beyond the permitted period, without evidence in the documents examined of a completed permanent conversion or formal exportation.
Second jet allegedly obtained permit after arrival
The circumstances surrounding the Global 6000 XRS, VP-CFO, also raise questions about the timing of its customs documentation.
The aircraft reportedly underwent post-arrival inspection in July 2015, while its Temporary Importation Permit was obtained in February 2016—approximately seven months later.
Customs records cited in the dispute reportedly describe the subsequent regularisation as an attempt to address the aircraft’s status after its arrival.
The aircraft also allegedly remained in Nigeria beyond the period permitted under the temporary importation arrangement.
Global 7500 and ₦8.85bn assessment
The newest aircraft in the fleet, the Bombardier Global 7500, VP-CTO, arrived in Nigeria on December 6, 2023.
According to the records examined, customs authorities found no evidence of a Temporary Importation Permit having been obtained for the aircraft during the relevant period.
The absence of the required customs documentation became central to the government’s assessment of approximately ₦8.85 billion in import duty against the aircraft.
The matter has subsequently become the subject of legal proceedings.
Did international flights amount to exportation?
One of the central issues in the dispute is whether international flights made by the aircraft could be treated as evidence that the jets had been exported from Nigeria.
Investigative findings indicate that the authorities’ position is that ordinary flights to destinations outside Nigeria do not, by themselves, constitute permanent customs exportation.
Under that interpretation, an aircraft temporarily leaving Nigeria for a business or private flight and subsequently returning remains subject to the country’s customs requirements unless the appropriate export procedures have been completed.
Records reviewed by IduwiniVoiceTV reportedly show no evidence that FAMFA Oil obtained permanent export approvals, Bills of Exit or Certificates of Exportation for the three aircraft at the relevant stages.
Aviation certificates add another layer
Another important element of the dispute concerns aviation documentation.
The three aircraft reportedly continued to have operational and maintenance clearance documentation issued by the Nigeria Civil Aviation Authority during the period under review.
The government’s position, as reflected in the dispute, is that continued Nigerian aviation certification is inconsistent with the argument that the aircraft had been permanently exported from the country.
This distinction between temporary international movement and formal customs exportation is expected to be one of the issues considered in the ongoing court proceedings.
Questions surrounding a major oil company
FAMFA Oil is associated with billionaire businesswoman Folorunso Alakija and has interests in Nigeria’s oil and gas industry, including an interest connected to the Agbami deepwater field.
The customs controversy therefore raises questions not only about the company’s private aviation operations but also about compliance with Nigeria’s import and tax regulations by high-value corporate operators.
For ordinary importers, failure to comply with customs procedures can result in significant financial liabilities. The current dispute will determine whether the same rules were breached in relation to FAMFA Oil’s aircraft and, ultimately, whether the government’s assessment is legally sustainable.
What happens next?
The federal government’s case now faces judicial scrutiny.
At the heart of the dispute are questions over the validity and timing of the aircrafts’ Temporary Importation Permits, the duration of their stay in Nigeria, whether the jets were properly exported at any point, and whether the ₦8.85 billion customs assessment against the Global 7500 is legally justified.
Until the court determines the matter, the allegations remain contested.
IduwiniVoiceTV understands that the case could have wider implications for private aircraft owners and operators in Nigeria, particularly regarding the enforcement of Temporary Importation Permits and the distinction between international flight operations and formal customs exportation.
IduwiniVoiceTV will continue to follow the proceedings and report developments as they emerge.
By staff Reporter Rukevwe Odeh
WARRI, Delta State — Stakeholders in Odidi Community, Warri South-West Local Government Area of Delta State, have reaffirmed Prince Preye Okrikpa as the Executive Chairman of the community amid an ongoing leadership dispute before the High Court of Justice in Warri.
The stakeholders also expressed support for the intervention of the Ijaw Youth Council (IYC) Worldwide over the prolonged crude oil spill affecting communities around Oil Mining Lease (OML) 42.
In a statement signed by Clement Numah, Secretary of Odidi Community; Oyateide Joseph Hitler, Youth President; and Nancy Ikpidi, Women Leader, the stakeholders said Okrikpa remains the recognised chairman under the community’s internal processes.
They stated that a rival executive led by Truston Gbenekama is the subject of a pending court case, identified as Suit No. W/102/2026, and urged the media, government institutions and other organisations to exercise caution in identifying individuals as the final leadership of the community while the matter remains before the court.
According to the stakeholders, the pending litigation means that the leadership question should be left for judicial determination rather than being settled through public statements or media activities.
They further stressed that the leadership dispute should not be allowed to overshadow the environmental challenges confronting residents of Odidi.
The stakeholders commended IYC President, Dr. Doubra Collins Okotete, and the council’s leadership for drawing attention to the reported oil spill and its consequences for residents and the environment.
They said the pollution had reportedly affected aquatic life, fishing activities and the livelihoods of people within the affected areas, describing the intervention as an important step toward drawing attention to the situation.
The stakeholders called on Heritage Energy Operational Services Limited (HEOSL), the Nigerian National Petroleum Company Limited (NNPCL), the National Oil Spill Detection and Response Agency (NOSDRA), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and other relevant authorities to act on the reported spill.
Their demands include immediate containment and investigation of the incident, environmental assessment and remediation, as well as consideration of legitimate compensation claims in line with applicable laws and procedures.
They also urged authorities to engage properly constituted community representatives during the response while respecting the ongoing court proceedings.
The stakeholders maintained that affected residents should not be denied appropriate relief because of the unresolved leadership dispute.
They urged IYC to sustain its intervention on environmental issues affecting Odidi and other Niger Delta communities.
The group concluded that while the leadership question should be determined by the court, the reported environmental concerns require urgent attention from government agencies, regulators and the relevant oil-sector operators.
By Agregor Ebiboere Immaculate
Nigeria’s cement industry is grappling with low domestic demand and rising production costs, even as industry stakeholders say the sector has significant potential for expansion.
The Chief Executive Officer of HBM Nigeria, Lolu Alade-Akinyemi, disclosed this at the Experiencing Panterra event in Lagos, where he noted that Nigeria’s per-capita cement consumption remains below 150 kilogrammes.
According to him, the figure is significantly lower than the estimated 500kg recorded in Egypt and about 700kg in South Africa.
Alade-Akinyemi, who was represented at the event by HBM’s General Manager, Readymix Concrete, Emmanuel Ilaboya, said cement manufacturers are currently operating at between 20 and 30 per cent of their production capacity.
He explained that the low capacity utilisation reflects weak demand but also indicates that there is considerable room for growth in Nigeria’s cement market.
The HBM chief identified foreign exchange pressures and high energy costs as some of the major factors contributing to the rising cost of cement production in the country.
He said several critical inputs required for cement and concrete production are imported, while the cost of locally produced gas and other oil-related inputs is also influenced by dollar-denominated pricing.
Alade-Akinyemi further identified unreliable electricity supply from the national grid as another major challenge confronting manufacturers.
He noted that cement companies are often compelled to construct and operate their own power plants, requiring substantial capital investment and adding to overall production costs.
However, he said the relative stability of the naira exchange rate over the past year has provided some relief, allowing manufacturers to forecast costs more effectively and improve operational planning.
Meanwhile, the Chief Executive Officer of Panterra, Tayo Odunsi, called for greater transparency in Nigeria’s real estate sector.
Odunsi said the industry currently lacks a standard repository of reliable information that investors and other stakeholders can easily access when making decisions.
Also speaking, Panterra’s Chief Investment Officer, Ayo Ibaru, said currency stability, improved access to financing, security and growing investments from Gulf, Turkish and Asian investors are influencing the development of West Africa’s real estate market.
Ibaru identified the $15.6 billion Abidjan-Lagos Corridor as another major opportunity capable of stimulating investment across the region.
According to him, the corridor, which will link five countries, could drive the development of industrial zones, port cities, logistics infrastructure and real estate along its route.
Stakeholders at the event emphasised the need for policies and investments that will reduce production costs, strengthen infrastructure and unlock the huge growth potential in Nigeria’s construction and real estate sectors.
By Agregor Ebiboere Immaculate;
- JAMB has opened a controlled process for candidates who have genuinely lost access to their registered phone numbers or email addresses.
- The service began on September 21 and is available only at designated CBT centres and applicable state offices.
- Applicants can use the service once, subject to strict identity and biometric verification.
The Joint Admissions and Matriculation Board (JAMB) has introduced a controlled procedure allowing candidates who have lost access to their registered phone numbers or email addresses to update their details.
The board announced the policy change on Monday through its official X account, stating that the service commenced on September 21,2026.
JAMB said candidates could access the service only at designated Computer-Based Test centres, including state offices where applicable.
JAMB said candidates could access the service only at designated Computer-Based Test centres, including state offices where applicable.
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JAMB said candidates could access the service only at designated Computer-Based Test centres, including state offices where applicable.
READ ALSO: JAMB, WAEC Fix ₦4,000 One-Off Fee For O’Level Result Verification
It explained that the arrangement was designed for candidates with genuine cases involving the loss of access to their registered GSM numbers, email addresses or both.
The board said applicants would be required to undergo strict identity and biometric checks before their details could be changed.
“Please note: The service can be accessed only once and is subject to strict identity and biometric verification,” JAMB said.
It urged candidates to visit only approved centres and avoid dealing with unauthorised individuals or channels.
“For your security, use only designated JAMB centres and avoid unauthorised persons or channels,” the board added.
JAMB said the announcement was part of its JCARE and JAMB Updates initiatives.
The board reiterated that the update facility could be used only once and that all requests would be subject to the prescribed verification process.
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