Regulatory Alerts2017-07-24 | TED/FEM/FPC/GEN/01/010Introduction Of The Nigeria Customs Service Electronic Auction (eAUCTION) Platform
The Nigeria Customs Service (NCS) has introduced an electronic auction platform, "NCS eAuction", to improve efficiency, transparency, and revenue generation for seized and overtime/abandoned cargoes. Authorized dealers are required to integrate with the new platform for bidding payments, recharging their eWallets, and making necessary fee payments. Compliance is mandatory.
BANK OF NIGERIA .
P.M.B. 0187, Garki, Abuja, FC1 TRADE AND EXCHANGE DEPARTMENT 09 46237804 09 46237802 E-mail address: ted@cbn.gov.ng TED/FEM/FPC/GEN/01/010 July 24, 2017 TO: ALL AUTHORIZED DEALERS AND THE GENERAL PUBLIC INTRODUCTION OF THE NIGERIA CUSTOMS SERVICE ELECTRONIC AUCTION (eAUCTION) PLATFORM This is to inform all Authorised Dealers and the General Public that the Nigeria Customs Service (NCS) has deployed an electronic auction platform tagged "NCS eAuction". The objective of the platform is to improve efficiency, transparency and revenue generation to government on seized and overtime/ abandoned cargoes.
In view of this development, all Authorised Dealers are required to integrate with the NCS eAuction platform for the recharging of eWallet and subsequent payment of the required fees for winning bids.
Please ensure compliance accordingly.
W. D/GOTRING DIRECTOR TRADE & EXCHANGE DEPARTMENT