NIGERIA CUSTOMS SERVICE TAKES ACTION ON DEFAULTING AUTHORIZED DEALER BANKS



NIGERIA CUSTOMS SERVICE TAKES ACTION ON DEFAULTING AUTHORIZED DEALER BANKS
Ag.  CGC. Bashir Adewale Adeniyi,MFR
By: Bisi Akingbade 

 The Acting Comptroller General of the Nigeria Customs Service, NCS, Bashir Adewale Adeniyi MFR, 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.

In a press release  signed  by the Chief Superintendent of Customs
National Public Relations Officer
for Comptroller General of Customs, Abdullahi Maiwada said that this decision follows a thorough audit and due process, aligning with the NCS's commitment to upholding transparency, accountability, and efficiency in revenue collection. The primary objective is to ensure the accurate and timely remittance of Customs duties and other essential funds for national development.

"Despite the deactivation of these banks, 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"

Ag. CGC urged importers who previously relied on the deactivated banks for duty payments to utilize other Authorized Dealer Banks that comply with NCS regulations. "Stakeholders encountering challenges with a particular bank are encouraged to use alternatives that function appropriately".

He further  stated  that the deactivated banks will have the opportunity to be reactivated once they meet all regulatory requirements and settle outstanding remittances. 


Adeniyi affirmed  that collaborative efforts with financial regulators and stakeholders are underway to ensure the efficiency and integrity of the Customs Duty Collection system.

He said that "the 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", he concluded.



Post a Comment

Sorry we need to know that you are not a robot.

Previous Post Next Post