Freight forwarders (NAGAFF) Threatened legal Action If Hamid Ali Wears Uniform

Freight forwarders under the aegis of the National Association of Government Approved Freight Forwarders (NAGAFF) has threatened to seek legal option if the Comptroller General of Customs, Col. Hameed Alli (Rtd) bows to pressure from the Senate and appears in Customs uniform.
According to a statement dated March 20 and signed by the association’s management, the association stated that Col. Alli is not in a position to assume the character of an officer of the service as stated under Section 10 of CEMA Cap C 45 of 2004 as amended.
“The ongoing controversy involving the Comptroller-General of Customs Rtd. Col. Hameed Ibrahim Ali and the Nigerian Senate is avoidable because the Presidential mandate was specific and unambiguous.  The CGC was directed to reform, restructure and enhance revenue collection duty of the service.
“The time frame is within four years of the administration’s tenure or less under the circumstance because he is neither a commissioned Customs officer nor a Sole Administrator in a democratic government.  He is not in a position to assume the character of an officer of the service as stated under Section 10 of CEMA Cap C 45 of 2004 as amended.
“To be a proper officer of the Nigeria Customs you must be properly appointed in line with the Civil Service Rules. You must undergo a mandatory training programme and issued with a service number.  These are conditions that must exist before the question of character can be alluded to.  Since we know that Ali’s appointment is a political appointment that was made by Mr President in line with Section 171 of the 1999 Constitution, as amended, for him to go and carry-out a specific mandate of restructuring, reforming and enhance the revenue collection of the Nigeria Customs Service.  To us he was only sent to the Nigeria Customs Service for a special assignment.  He is by this appointment not a career Customs officer that should be made to wear the uniform.
“Ali is correct for not wearing the Customs uniform and equally Mr President was right for not appointing him as a Sole Administrator in a democratic government.  As an Association which believes in the sanctity of the law, especially court ruling, if Ali wears the Customs uniform, NAGAFF may approach the court to stop him from an act of unlawful assumption of character of an officer of the Service.
“Our locus shall be drawn from Section 154 of CEMA Cap C45 of 2004 as amended, The real issue before the stakeholders is to examine and determine whether Ali is doing his job as directed by Mr President to reform, restructure and enhance revenue collection duty of the service.


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Nigeria naira at six-month high on black market

Nigeria's central bank sold the dollar at a weaker rate on Wednesday, traders say, in an effort to boost liquidity on the official market and narrow the naira's spread at the black market.
The central bank has been intervening on the official market to try to narrow the currency spread with the black market rate, which was 520 to the dollar a month ago.
The bank sold $1.5 million on Wednesday at 307.75, weaker than the 307.50 it intervened previous session. It has weakened the currency by 0.6 percent in the past two weeks.
On the black market, the naira gained 4.9 percent to a seven-month high of 410 per dollar as individuals rush to sell the U.S. currency.
"The regular intervention by the central bank has increased liquidity in the official market. The new policy has also eliminated spurious demand for the dollar," Aminu Gwadabe, the head of Nigeria's exchange bureaus, told Reuters.
Speculators betting on a naira fall "are taking a risk and will lose," central bank Governor Godwin Emefiele said on Tuesday. He added that he expects the black market rates to narrow further.
On Wednesday, the cost of insuring Nigerian debt against default fell to its lowest since December 2016, with five-year credit default swaps dropping to 603 bps, down 9 bps from Tuesday's close, according to data from IHS Markit.
"We see the naira stabilising around 380-400 to the dollar, but the central bank must review the multiplicity of rates to restore confidence in the market," Gwadabe said.
In February the bank devalued the naira for private individuals, saying it will sell dollars to them at 375 per dollar, a 20 percent margin from the official rate and half the premium obtained at the black market.
The move has left the West African nation with at least five exchange rates - the official one, a rate for Muslim pilgrims going to Saudi Arabia, the one for school fees abroad and a retail rate set by licensed exchange bureaus at 399.

France Election: Macron Projected to Win First Round Of Presidential Election

Centrist Emmanuel Macron is projected to come out on top in the first round of France's presidential election next month ahead of far-right leader Marine Le Pen before going on to win in a runoff, a Harris Interactive poll showed on Thursday.
Macron was seen winning 26 percent of the vote in the April 23 first round followed by Le Pen on 25 percent, according to the poll for France Televisions.
Both scores were unchanged from the last time the poll was carried out two weeks ago, even though it was carried out after the two traded barbs in a televised debate on Monday involving all the main candidates.
Conservative candidate Francois Fillon saw his score slip to 18 percent of the first round vote from 20 percent as he struggles to limit the damage from a series of financial scandals.
Meanwhile, far-left candidate Jean-Luc Melenchon saw his share of the vote rise to 13.5 percent, surpassing for the first time the score for the ruling Socialists candidate Benoit Hamon at 12.5 percent.
Macron was seen winning the presidency by beating Le Pen in the May 7 runoff with 65 percent of the vote to 35 percent for the National Front leader, unchanged from two weeks ago.
The poll was conducted on March 21-22 among 6,383 voters.