Customs Suspends GTB, Fidelity, Diamond Banks from Collecting Duties

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

The banks are GT Bank Plc, Fidelity Bank Plc and Diamond Bank Plc and NCS called on relevant stakeholders to take note of the new development.

Mr Wale Adeniyi, Public Relations officer of Nigeria Customs Service, 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”. He told News Agency of Nigeria (NAN) in Abuja on Monday.

He said 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.