Committee Against Smuggling and Counterfeiting Activities Destroying the Economy

Nigeria Loses About N15bn Annually To Counterfeit Products – SON

October 30, 2014 by admin News 0 comments

An estimated N15 billion is lost annually to fake or counterfeit products in terms of tax revenue to the government, income to local manufacturers and employment generation to Nigerians.

The director, Legal Services, Standards Organisation of Nigeria (SON), Suleiman Kawo, dropped this hint when the agency hosted the staff and management of the Nigeria Institute of Policy and Strategic Studies (NIPSS), Kuru, who came on a study tour of the agency in Abuja.

Prev
Next

Related Posts

Fake Currency Racket Busted in Mumbai: DRI Uncovers Counterfeit Currency Printing Operation in Subhash Nagar, Seizes Equipment and 30 Fake INR 50 Notes
February 21, 2025

The DRI team arrested a suspect and seized a computer, a printing machine, and...

BOC, Navy intercept P25M worth of smuggled cigarettes in Zamboanga.
June 24, 2019

Customs and Navy agents seize 740 boxes of cigarettes – likely smuggled from...

Puducherry bootleggers busted, 5K liquor bottles seized
June 2, 2024

A six-member gang from Puducherry was recently arrested by Kallakurichi police...

Two Zimbabweans appear in Namibian court over cigarette smuggling
May 11, 2015

Two suspects have appeared in a Namibian regional court Monday in connection with...