Take a fresh look at your lifestyle.

Operators list challenges complying with NXP

As CBN, Council threaten to sanction shipping lines for violation

The Central Bank of Nigeria (CBN) and the ports economic regulator, Nigerian Shippers’ Council (NSC) have threatened  to wield the big stick on errant shippers and shipping lines, who fail to capture any export goods carrying the Nigerian Export Proceeds (NXP) numbers, in line with the federal government directive.

This is even as some front line shipping companies refuted the charge of non compliance, lamenting that the both the procedure and the CBN portal for the purpose of NXP are some of the primary hitches.

Settle Systems Advert

A statement by the NCS, signed by Rakiya Zubairu, Head, Public Relations, said CBN is worried that players have flouted this directive, and will henceforth apply the strictest sanctions. The statement claim that Executive Secretary/CEO of the NSC, Hassan Bello has had a number of talks with the Godwin Emefiele led apex regulatory bank on the need to enforce compliance.

The statement reads: “Non-compliance by shipping lines to the directive by the Federal Government that all export goods leaving the country should carry Nigerian Export Proceeds (NXP) numbers was the focus of discussions during a meeting recently convened by the Central Bank of Nigeria.

“Chairing the virtual meeting, CBN Governor, Mr. Godwin Emefiele, stated that the Apex bank, following a directive by the Federal Government to audit shipping companies to ensure that the all shipping documents carry the NXP number, discovered that several shipping companies were wanting and this non-compliance would attract strict sanctions.”

Speaking on the issue, Bello said Shipper’s Council in partnership with the Central Bank has carried out 3 sensitization meetings in Lagos and Port Harcourt to educate shipping companies and exporters on the need to implement the directive on the NXP, noting that the NSC would work with other agencies of government to ensure full compliance, so that export without the NXP is discontinued.

The statement quoting the CBN boss said, “… 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.”

The virtual meeting which said to have been attended by some representatives of shipping lines in the country, reportedly gave Emefiele an opportunity to enquire why shipping companies were not complying by the directive, in addition to wanting to know if they were having challenges regarding the NXP; to which a number of operators rode on to explain likely challenges militating against compliance.

Responding, Managing Director, MSC Nigeria Limited, Andrew Lynch, according to the statement said 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 CBN helmsman thereafter said that a circular outlining the procedure would be sent out to shipping lines and relevant agencies like the Nigerian Shippers’ Council, Ministry of Finance, Nigerian Customs Services, and security agencies among others.

Shipping companies involved in the virtual meeting includes Maersk Line Nigeria Limited, Ocean Network Express Nigeria Limited, MSC Nigeria Limited, Golden shipping Company and Grimaldi Nigeria Limited.




Leave A Reply

Your email address will not be published.

Translate »