Customs suspends 3 banks from collecting customs duties

Posted by News Express | 28 July 2015 | 2,985 times

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The Nigeria Customs Service (NCS) has suspended three commercial banks from collecting customs duties over their noncompliance with the partnership agreement with the agency on the matter.

The Public Relations Officer of Nigeria Customs Service, Mr. Wale Adeniyi, made the fact known in an interview with the News Agency of Nigeria (NAN) in Abuja on Monday.

He said the suspension became effective immediately.

Adeniyi named the banks as GT Bank Plc, Fidelity Bank Plc and Diamond Bank Plc and called on relevant stakeholders to take note of the new development.

``The three banks were suspended because they did not discharge their full obligation as partners in the customs revenue collection scheme.

``Unfortunately, they failed to discharge their responsibilities in accordance with the terms of the agreement they signed with Nigeria Customs Service.

``We might not be able to provide you with the details now but we believe that, in the course of our investigations, we will be able to provide more details.

``However, we will continue to work with the banks and relevant stakeholders to ensure speedy resolution of the contending issues and possibly reinstate the affected banks,’’ Adeniyi said.

*Photo shows Abudullahi Dikko



Source: News Express

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