NOVA Merchant Bank appointed as Duty, Excise Collecting Bank by NCS

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

Apart from enabling the bank in fulfilling its commitment to constantly find new ways to serve its customers better, the development will also enable the bank handle duty payments for its clients in addition to process and issue custom bonds along with guarantees on their behalf.

The Managing Director and Chief Executive Officer, NOVA Merchant Bank, 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”.

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The Chairman of the bank, Mr Phillips Oduoza. said that, “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.”

NOVA Merchant Bank is owned by Nigerian and foreign institutional investors who have distinguished themselves in areas such as financial services and the real sector over several decades.The 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.

Yetunde Adegoke

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