On Sunday, the Nigerian Customs Service (NCS) reported that they had recently deactivated two banks due to their negligence in forwarding collected duties. These banks are now under scrutiny by financial oversight bodies, inclusive of the Central Bank of Nigeria. All parties involved are presently in negotiations to address the oversight.
Abdullahi Maiwada, the National Public Relations Officer for NCS, who also holds the title of Chief Superintendent of Customs, indicated that measures are in place to rectify the situation. Adewale Adeniyi, the acting Comptroller-General of Customs, had directed the suspension of certain banks for not passing on the duties they collected last Friday.
When the service’s spokesperson was approached for details about the number of banks involved and the unremitted amount, Maiwada revealed that two Deposit Money Banks were in question. He mentioned, “We chose not to reveal the exact amount. However, it’s worth noting that we engaged extensively with these banks before taking any action.”
He added, “Currently, we are in talks with the banks. From our discussions last week, we are optimistic about reaching an amicable resolution, and they are poised to fulfill their obligations. Both banks will soon operate normally.”
Regarding whether the Central Bank of Nigeria was informed about these banking oversights, Maiwada commented, “Our communications with all relevant entities, including the Central Bank of Nigeria, are aimed at ensuring these issues are settled. Importantly, our public announcement was not to discredit any bank, but rather to inform and support importers who might be adversely affected due to an institution’s shortcomings.”
