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Home Uncategorized NIGERIA CUSTOMS SERVICE TAKES ACTION ON DEFAULTING AUTHORIZED DEALER BANKS

NIGERIA CUSTOMS SERVICE TAKES ACTION ON DEFAULTING AUTHORIZED DEALER BANKS

In order to ensure accurate and timely remittance of Customs duties and other essential funds for national development.

The Acting Comptroller General of the Nigeria Customs Service Bashir Adewale Adeniyi has taken decisive action in response to selected Authorized Dealer Banks failing to meet Service-Level Agreements (SLAs) related to Customs Duty and statutory charge remittances.

This decision follows a thorough audit and due process, aligning with the NCS’s commitment to upholding transparency, accountability, and efficiency in revenue collection.

This is contained in statement signed by the service public relation officer, Chief Superintendent of Customs, Abdullahi Maiwada

The statement further reels out that, the Comptroller General has implemented measures to minimize disruptions for importers and stakeholders within the trading ecosystem. He assures the trading community that all pending assessments will undergo clearance processes in line with international best practices.

Noting that, Importers who previously relied on the deactivated banks for duty payments are advised to utilize other Authorized Dealer Banks that comply with NCS regulations. Adding that, stakeholders encountering challenges with a particular bank are encouraged to use alternatives that function appropriately.

The deactivated banks will have the opportunity to be reactivated once they meet all regulatory requirements and settle outstanding remittances. Collaborative efforts with financial regulators and stakeholders are underway to ensure the efficiency and integrity of the Customs Duty Collection system.

Adding that, NCS places a priority on trade facilitation, putting stakeholders and Nigerian citizens first, even in the face of non-compliance by some Authorized Dealer Banks. This action underscores the NCS’s commitment to maintaining a fair and transparent customs revenue collection process.

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