Reps panel recommends suspension of Ecobank from gathering customs’ duties


The Rental of Representatives Committee on Customs and Excise has suggested the suspension of Ecobank from additional series of customs’ duties, over infraction in the series of the duties.

The committee chairman, Leke Abejide, acknowledged this at the resumed investigative hearing of the committee on some banks’ refusal to remit customs duties to the federal authorities’s coffers.

He acknowledged that the bank would be suspended until it modified into once in a blueprint to pay the prominent of N4.3 billion customs’ duties the bank refused to pay to the federal authorities.

Mr Abejide acknowledged that the committee had been on the project for over a 365 days, stressing that any banks that didn’t impress the amount unruffled for customs duties would even be suspended.

He well-known that banks esteem Diamond, Access, Intercontinental, GTB, Metropolis Bank and WEMA Bank had submitted plump files for his or her forensic assessment, whereas files from First Bank, Union Bank, Stanbic IBTC, had been quiet undergoing opinions.

The lawmaker acknowledged at the tip of the investigation, all banks that refused to remit their series of customs duties would be suspended from additional series, until all their prominent amounts had been cleared.


Reacting to the come, Mr Oche Adejoh, the Regional Compliant Manager, Ecobank, acknowledged that as of this present day, the bank had executed all its remittances.

He acknowledged that Ecobank currently had no remittances to originate, including that this modified into once why the bank employed an honest entity, KPMG, to device the relevant investigation.

The News Company of Nigeria (NAN) experiences that other banks that regarded at the investigative hearing included: Keystone bank, Fashioned Chartered bank, Fidelity bank, Polaris bank.

Within the meantime, the committee has counseled Fashioned Chartered Bank for demonstrating commitment to pay its prominent steadiness to the federal authorities coffers.

The committee acknowledged that it hoped to acquire the cheque from the bank any moment from now.

Mr Olukorede Adeniran, the book of the Managing Director of Fashioned Chartered Bank, counseled the committee, promising to revert accordingly by remitting the prominent monies.


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