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NCS, Stanbic IBTC Bank partner to improve trade efficiency

To strengthen trade operations and resolve challenges, the Nigeria Customs Service (NCS) and Stanbic IBTC Bank organized a stakeholder engagement on May 2, 2025.

The event united importers, customs officials, and banking representatives to encourage dialogue and streamline trade processes.

Held at the PTML Area Command, the session focused on improving clearance systems and eliminating trade bottlenecks. Participants praised the collaboration as a strategic move to enhance efficiency and simplify procedures for all involved parties.

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Comptroller Tenny Daniyan, represented by Assistant Comptroller Abass Oladepo, commended the partnership with Stanbic IBTC Bank. He emphasized that the initiative supports the NCS’s goal of seamless trade facilitation and expects increased engagement with the B’Odogwu platform.

Seun Ogundolapo, Stanbic IBTC’s Head of Trade Transaction Banking, stressed the value of teamwork in meeting shared objectives. He explained that the bank’s role is to unite stakeholders, ensuring collective progress toward smoother trade operations.

Ogundolapo reaffirmed Stanbic IBTC’s dedication to assisting the NCS in achieving its targets. Despite occasional hurdles, he noted the Customs team’s proactive approach motivates both the bank and its clients to pursue mutual success.

Attendees welcomed the initiative, calling it a practical solution to persistent trade issues. Obehi Ogbebor of Starsight Energy confirmed that many concerns were addressed, with follow-up meetings planned for unresolved matters.

This engagement marks a crucial advancement in public-private collaboration for trade facilitation in Nigeria. Both the NCS and Stanbic IBTC Bank remain committed to building an efficient trade ecosystem that benefits all stakeholders.


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