Customs suspend GTBank, Fidelity, Diamond from collecting levies, duties

Semiu Salami
Semiu Salami
GTBank, Fidelity and Diamond

The Nigeria Customs Service (NCS) has suspended Guaranty Trust Bank, Diamond and Fidelity banks from collecting customs duties over their non-compliance with the partnership agreement with the agency.

NCS Public Relations Officer, Wale Adeniyi, who said the suspension became effective immediately, called on relevant stakeholders to take note of the new development and act accordingly.

“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.

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