The Nigeria Customs Service has appointed Heritage Bank as a designated customs duty collecting bank to strengthen the service’s renewed drive for improved revenue generation.
A statement by the bank on Wednesday said this was sequel to an agreement between the Customs and the Heritage Bank management.
With its recent successful deployment of the Finnacle 10 banking software, Heritage Bank announced a strong intention to crystallise a robust branchless banking platform that would be highly technology-driven while promoting business efficiency across many frontiers.
With the NCS appointment, the bank is expected to help the Customs broaden its revenue base through a more efficient system of duty collection as well as provide hassle free, simplified platform for businesses and individuals to remit their payments to NCS.
Commenting on the appointment, Executive Director, Heritage Bank, Mr. Niyi Adeseun, said there would be a revolution in duty collection administration in the country.
“Heritage Bank is established on the premise of innovation, partnership and sustainability and this is a cardinal idea we bring to bear on all our engagements,” he said.
Adeseun added, “As a timeless wealth partner that seeks to help our customers build, transfer and preserve their wealth, our recently signed partnership with the Nigeria Customs Service will not only deliver maximum value to the Customs Service but more importantly, revolutionise how duties, tolls and fees are collected in the country.”