Customs clarifies B’Odogwu platform’s role in exchange rates
The Nigeria Customs Service has addressed concerns about its B’Odogwu Unified Customs Management System and its handling of exchange rates for cargo clearance. Abdullahi Maiwada, the National Public Relations Officer, stated that the platform does not generate, substitute, or alter exchange rates. He emphasized that all rates used are those officially transmitted by the Central Bank of Nigeria. The Service also clarified recent reports and reaffirmed its commitment to transparency and compliance.
TLDR
- B’Odogwu platform does not independently determine or alter exchange rates for customs processes.
- All exchange rates used are those officially provided by the Central Bank of Nigeria and are automatically integrated into the system.
- The reported exchange rate of N1,451.63/US$ for 6 February 2026 did not originate from B’Odogwu but from a legacy portal.
- The official exchange rate applied for Customs valuation on 6 February 2026 was N1,365.56/US$, as communicated by the Central Bank.
- The Nigeria Customs Service reiterated its commitment to transparency, accuracy, and compliance with national policies.
