…to sanction defaulting Shipping Firms

The Nigerian Shippers’ Council (NSC) have said it will be collaborating with the Central Bank of Nigeria (CBN) and other critical government agencies to ensure strict implementation of the Federal Government directive that all export cargo must obtain a Nigerian Export Proceeds (NXP) number before exiting the country.

The Executive Secretary of the NSC, Mr. Hassan Bello stated this during a stakeholders’ virtual meeting organised by the Central Bank of Nigeria (CBN) last week.

The meeting was necessitated by a recent audit of shipping companies that showed that a very low compliance by shipping companies.

Mr. Hassan Bello frowned at this development as the Council in partnership with the Central Bank had carried out sensitisation meetings in Lagos and Port Harcourt to educate shipping companies and exporters on the need to implement the directive on the NXP.

He said the NSC will work with the CBN to ensure full compliance so as to discontinue export without the NXP.

In his address, the CBN Governor, Mr. Godwin Emefiele said the apex bank is automating its systems to ensure that export without the NXP is discontinued and warned that defaulting shipping companies will be sanctioned.

 “… We are going to set up an auto system, where if someone wants to send cargo, copies of the NXP form will be sent directly to you. So that if you don’t have it on line on your system that the NXP has been registered, you turn back that cargo.

You cannot accept any number and use it as a basis for shipping. We are not going to allow that. That is not acceptable. If you don’t see NXP Forms, that cargo should be turned back”.

Responding, the Managing Director, MSC Nigeria Limited, Andrew Lynch, stated that his company receives NXP forms on all major agro commodities like cashew, cocoa and sesame, but not for commodities like charcoal and timber.

According to him, they find out that these items do not have NXP forms after they have already arrived at the port and once cargo gets to the port and has gotten clearance from the Nigerian Customs Services, there is pressure, due to space constraints at the port, to ship immediately.

He added that one of their challenges also lies in their inability to verify the authenticity of an NXP Form.

The Managing Director, Grimaldi Nigeria Ltd, Ascanio Russo, stated that in addition to not being able to verify the authenticity of the NXP Form, his company is unable to access CBN’s online portal.

The Governor, said that a circular outlining this procedure would be sent out to shipping lines and relevant agencies like the Nigerian Shippers’ Council, Ministry of Finance, Nigeria Customs Services and security agencies.

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