No exemption granted for armoured cars but to Lagos Govt – FG

The Federal Ministry of Finance has distanced itself from the purported waiver granted Coscharis motors to import armoured cars for  the Ministry of Aviation.

In a statement issued by Mr.  Paul Nwabuikwu, Special Adviser Media to the Minister of Finance and Coordinating Minister of the Economy,  Mrs Ngozi Okonjo – Iweala,  he said that recent media reports which claim that the Federal Ministry of Finance granted a waiver to Coscharis Motors Nigeria Ltd for the purchase of armoured cars are totally false and without foundation.

“On June 23, 2012, the Lagos State Government applied for Waiver of Destination Inspection Charges and Duty Exemptions for Coscharis Motors Nigeria Ltd, the official Automobile Partner for the National Sports Festival ('EKO 2012'), to purchase 300 vehicles on its behalf for the event”, he said.

The statement further said that since the Lagos State Government met the laid down criteria, the waiver was granted.

“It is also important to clarify that the waiver granted to the Lagos State Government for the event did not include the purchase of armoured vehicles”, he said.