Customs suspends three banks from collecting duties

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July 28, 2015 9:44 AM

The suspended banks are Guaranty Trust Bank Plc, Fidelity Bank Plc and Diamond Bank Plc with the NCS calling on relevant stakeholders to take note of the new development.

Comptroller-General of Customs, Dikko Inde Abdullahi

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

The suspended banks are Guaranty Trust Bank Plc, Fidelity Bank Plc and Diamond Bank Plc with the NCS calling on relevant stakeholders to take note of the new development.

Public Relations officer of Nigeria Customs Service, Mr Wale Adeniyi, while announcing the suspension, said 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,” Adeniyi told News Agency of Nigeria (NAN) in Abuja on Monday.

He also added that the suspension became effective immediately.

"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.

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