The role of Nigerian banks in SONCAP

  • 9/5/2016

Nigerian Banks act as a middleman between the importer and the Nigeria Customs Services (NCS), and play a key role in the conformity assessment process.

The import guidelines clearly state that: “Any person intending to import physical goods into Nigeria shall in the first instance process the e-Form M through any Authorized Dealer Bank (ADB) irrespective of the value and whether or not payment is involved.”

Below is a list of Authorized Dealer Banks:

  • Access Bank
  • Bank of Industry
  • CityBank
  • Diamond Bank
  • EcoBank
  • Enterprise Bank
  • FCMB
  • Fidelity Bank
  • First Bank
  • GTB Bank
  • Heritage Bank
  • Jaiz Bank
  • Keystone
  • Mainstreet Bank
  • Skye Bank
  • Stanbic IBTC Bank
  • Stanchart Bank
  • Sterling Bank
  • United Bank for Africa
  • Union Bank
  • Unity Bank
  • WEMA
  • Zenith

Responsibilities of Authorized Dealers

  • Obtain the e-Form M and supporting documents from the importer
  • Vet the correctness and genuineness of the documents
  • Endorse all import documents submitted to NCS
  • Generate Pre-Arrival Assessment Report (PAAR) for duty payment
  • Bring the provisions of these guidelines to the attention of the importers for their compliance

To learn more about the Verification of Conformity process or obtain assistance, please contact us.

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