The Nigeria Customs Service has commenced enforcement of penalties against designated banks that delay the remittance of Customs revenue, in a move aimed at strengthening transparency and safeguarding government earnings.
The Service stated that it had observed instances of delayed remittance by some designated banks after the reconciliation of collections processed through its B’odogwu electronic platform, noting that such delays constitute a breach of the agreed-upon obligations.
In a statement issued on Wednesday by the Deputy Comptroller of Customs and National Public Relations Officer, Abdullahi Maiwada, the Service said the delays undermine the efficiency, transparency and integrity of government revenue administration.
According to the statement, the enforcement action is in line with the provisions of the Service Level Agreement executed between the NCS and designated banks responsible for collecting customs revenue on behalf of the Federal Government.
The statement read, “The Nigeria Customs Service has noted instances of delayed remittance of Customs revenue by some designated banks following reconciliation of collections processed through the B’odogwu platform.
“Such delays constitute a breach of remittance obligations and negatively impact the efficiency, transparency, and integrity of government revenue administration.
“In line with the provisions of the Service Level Agreement executed between the Nigeria Customs Service and designated banks, the Service hereby notifies stakeholders of the commencement of enforcement actions against banks found to be in default of agreed remittance timelines.”
