House of Reps Orders Suspension of 5 Banks from Customs Duty Collection

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Col. Hameed Ali(rtd) , Customs CG

 

The Nigeria Customs Service (NCS) has been mandated by the The House of Representatives Committee on Customs to suspend banks owing the service from further collecting duties until their debts have been cleared.

Chairman of the committee, Leke Abejide, stated this on Wednesday at a session between the members of the committee and representatives of the banks collecting duties on behalf of customs.

According to him, investigations conducted so far by the committee reveal that five banks collectively owe the service about N10 billion.

The debts, the lawmaker stated, were duties collected by the banks and have yet to be remitted to the accounts of customs.

He stressed that an agreement has been reached with the service to ensure the implementation of the decision of the committee.