Bank of Nigeria Plc as one of the banks collecting Customs duty.
Relations Officer of the NCS, Wale Adeniyi, and made available to newsmen.
Abdullahi, as saying that the bank was reinstated following a debt recovery
recovery plan, the Nigeria Customs Service has unblocked and reinstated First
Bank Plc as a Customs duty collecting bank,” the statement read in part.
result of the failure of its customers; Messrs Onome Jack Up Service Limited
and Oritsetimeyin Jack Up Service Limited to redeem a bond to the tone of N3,
641,563,481.00 secured by the bank.
recovery plan which involved the intervention of Asset Management Corporation
of Nigeria (AMCON), the Comptroller-General of Customs, Dikko Inde Abdullahi,
CFR, directed the immediate reinstatement of First Bank Plc as Customs
duty collecting bank.
Importers/Agents to resume duty payment transactions with the bank.
Service will continue to recognize properly entered bonds as a tool for
trade facilitation, but warned that any abuse of the process from any individual
or organization would not be tolerated.