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Ondo Motor Dealers Kick Against VIN Valuation Policy, Submit Request Letter To Custom

By Collins Dupson, 13th March, 2022

In a peaceful protest to the Ondo State Command of the Nigeria Custom Service, Akure, the Association of Motor Dealers of Nigeria (AMDON) has kicked against the newly introduced Vehicle Identity Number (VIN) Valuation System, placed on all clearing vehicles into Nigeria, calling for it suspension.

It could be recalled that, the Nigeria Customs Service (NCS) had recently introduced Vehicle Identity Number (VIN) Valuation, saying the policy will ensure probity and transparency.

The NCS had recently said that VIN-Valuation was an innovation designed to harmonise and make the system transparent, urging agents and importers to embrace it.

Speaking to PATH after submitting the association request letter to the command, the State Chairman of AMDON, Jenyo Ogunlade said the submission became necessary to intimate the government of their total rejection of the new policy, which if implemented we send them out of business.

He further said the submission of letter to the command was a unanimous decision of the National leadership of Motor Dealers in Nigeria, which every state of the federation observed.

According to him, “the economy situation of the country is affecting our business as we experience low turnover and with the introduction of VIN, if drastic action is not taking, we will be forced out of business”.

In a request letter submitted to the Customs Controller, Ondo/Ekiti Command and signed by the Chairman the Ondo State Chapter of AMDON, Jenyo Ogunlade and the State Secretary, Olamide Balogun, the Association said the policy would bring untold hardship to citizenry and has adverse effects on their businesses.

“We call on the Federal Government to make reference to Customs and Excise Act 20 of 2003 which talks about purchase value,”.

The Association requested that, the VIN Valuation System should be designed in line with Customs and Excise Act if at all government wants to introduce it.

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