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Fed Govt Approves Two Firms To Monitor Pre-Shipment Agents

The  Foops Integrated Services Limited will be covering the  North East, North West and North Central while Ace Global Depository will cover South East, South West, and South-South.

The Federal Government has appointed Foops Integrated Services Limited  and Ace Global Depository to monitor pre-shipment agents in the country.

The  Foops Integrated Services Limited will be covering the  North East, North West and North Central while Ace Global Depository will cover South East, South West, and South-South.

The Central Bank of Nigeria (CBN) which announced the development in a circular, said Pre-Shipment Inspection Agents (PIAs) were also appointed for non-oil exports with effect from January 15, 2021.

The appointed firms are Angila International Limited with the responsibility to cover North West and North Central Zones; Neroli Technologies Limited to cover South West and South-South and Gojopal Nigeria Limited has the responsibility to cover the South East and North East.

A circular  issued by the CBN on January 26, 2021, and signed by its Director for Trade and Exchange Department, Dr. O. S. Nnaji, said directed all authorized dealers, operators in the non-oil export sector, and members of the general public to take note and ensure compliance.

It can be recalled that in a revised policy, the Federal Government had said that all non-oil exports from Nigeria shall be subject to inspection by Pre-Shipment Inspection Agents appointed for that purpose by the government.

The focus of the PIAs shall be to ascertain the quality, quantity, and price competitiveness of exports from Nigeria and shall collaborate with other regulatory agencies like NAFDAC, SON, Plant and Animal Quarantine, Federal Produce Inspectorate, and so on, for quality inspection of regulated products.

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