The Nigeria Customs Service (NCS) has begun enforcement actions against banks accused of failing to promptly remit customs revenues, signaling a tougher stance on compliance and accountability in government revenue collection.
In a statement issued on Wednesday, the National Public Relations Officer of the Service, Abdullahi Maiwada, disclosed that some designated banks have been slow in transferring funds after reconciling collections processed through the B’odogwu electronic payment platform. The delays, he said, violate established procedures and disrupt the timely flow of government revenue.
Maiwada emphasized that the issue goes beyond administrative lapses, noting that delayed remittances undermine transparency and weaken confidence in the revenue management system. According to him, prompt transfer of funds is a core requirement for ensuring efficiency and credibility in public finance administration.
The Customs Service said its actions are backed by the Service Level Agreement signed with participating banks, which clearly outlines their responsibilities, including strict timelines for remittance. Failure to meet these obligations, the NCS warned, will attract penalties as provided under the agreement.
The agency reiterated its commitment to safeguarding government revenue and maintaining integrity across its digital payment processes. It also urged financial institutions involved in customs collections to adhere strictly to agreed standards to avoid sanctions.
The NCS expressed hope that the renewed enforcement would lead to improved compliance, smoother operations, and more consistent revenue inflows to support government activities.
