NOVA Merchant Bank To Collect Customs Duties

NOVA Merchant Bank has been appointed as a designated collecting bank for Import, Excise and other duties by the Nigeria Customs Service, the new merchant bank announced at the weekend.

This will enable the Bank handle duty payments for its clients in addition to process and issue custom bonds along with guarantees on their behalf.

Speaking on the development, the bank’s MD/CEO, Mr. Anya Duroha said:

“We are excited about this appointment because it would enhance efficiency and improve turnaround time for duty payments and other services offered by the Nigerian Customs Service for our clients”.

“This development is in line with the commitment of the Bank to be a one-stop solution shop for all trade and financial needs of its clients. The Bank is positioned to provide end to end quality banking services to our clients. I commend the management for obtaining and delivering on this mandate within a short period of time” stated the Chairman, Mr Phillips Oduoza.

NOVA Merchant Bank offers an integrated suite of financial solutions covering Wholesale Banking, Investment Banking, Asset Management, Wealth Management, Trade Services, Transaction Banking, Cash Management and Digital Banking.

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