Ban: Benin infiltrates Nigeria with N117.28bn palm oil

ILLEGALITY Unscrupulous businessmen have shifted to banned palm oil smuggling D espite the ban by the Central Bank of Nigeria (CBN), about 72.7 per cent of crude palm oil imported by Benin Republic has been smuggled into Nigeria. The crude palm oil is valued at N117.28 billion ($324 million). Also, some of the produce still comes into the country through the seaport. Benin, whose annual consumption is 150,000 metric tonnes, has increased importation of the produce from Malaysia and Thailand by 400,000 metric tonnes, making its
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