• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, July 7, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

GTBank Portal Suspension: 400,000 Containers Trapped At Seaports – Clearing Agents

by Yusuf Babalola
3 years ago
in Business
GTBank
Share on WhatsAppShare on FacebookShare on XTelegram

Clearing agents operating at the nation’s seaports, yesterday, lamented that over 400,000 containers are currently trapped at the Lagos seaports over suspension of Guaranty Trust Bank Limited by the NIgeria Customs Service (NCS), portal.

Advertisement

Recall that the Customs Service acting in directive of the National Assembly, suspended GTBank over the bank’s alleged non remittance of import duty to the federal government.

However, speaking to LEADERSHIP, the national president, Association of Nigerian Licenced Customs Agents (ANLCA), Kayode Farinto, said over N40billion demmurage and storage charges have been accrued by importers and clearing agents.

“The amount that Nigerian importers are losing as a result of storages and demurrages is running high and the problem is not yet over. These consignments are still trapped in the port and agents cannot clear them. Even some who have made assessments cannot pay duty. It is running to over N40 billion now and that is very unfortunate,” Farinto said.

Speaking further, he said “We have a situation on the ground where nobody is talking to Nigerians. Nobody is talking to freight forwarders or Customs brokers. That is why there is a need for us to make the world know what is happening in the maritime industry.

RELATED

African Manufacturers Urge Investment In Local Industries

African Manufacturers Urge Investment In Local Industries

19 hours ago
Regularise Property Titles For Sustainable Housing Security, LASG Urges Homeowners

Regularise Property Titles For Sustainable Housing Security, LASG Urges Homeowners

19 hours ago

“We have a situation whereby GTB must have erred through the issue of reconciliation. We heard that GTB has not remitted some hundreds of billion to the federation account and they have collected this money on behalf of the federal government and that was what led to their suspension.

“The Committee of Customs at the National House of Assembly directed Customs to suspend GTB from the portal. GTB has been suspended and some consignments have been trapped. As I talk to you over 400,000 containers throughout the federation who open their Form M cannot proceed further because they haven’t gotten their Pre-Arrival Assessment Report (PAAR), because they must pay the duty through the Commercial or dealer bank where you have opened your Form M and they are currently trapped.

He also stated that imported vehicles are also trapped at various terminals in the ports.

“Also, there are over 40 per cent of vehicles that needs to be cleared from the seaport who have gotten assessment but cannot move ahead. There are people who have actually paid duty and as a result of the suspension the status has not changed on the Customs portal and they cannot move forward in the area of clearance of the goods. Hence, we are calling on freight forwarders to make sure that from today the 6th of September, 2022 they should not open their Form M or make any assessment or transaction through GTBank again.”

“This becomes imperative in the view of the fact that nobody is even talking to us. We sent a letter to GTB on this particular issue for them to address us and let us know what is happening but everybody is avoiding us.”

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

Forbes Technology Council Inducts Cybersafe Founder, Staveley

Next Post

Equities Market Rebounds By 29bn

Yusuf Babalola

Yusuf Babalola

You May Like

African Manufacturers Urge Investment In Local Industries
Business

African Manufacturers Urge Investment In Local Industries

2025/07/06
Regularise Property Titles For Sustainable Housing Security, LASG Urges Homeowners
Business

Regularise Property Titles For Sustainable Housing Security, LASG Urges Homeowners

2025/07/06
Notore Chemical Industries Delists From NGX
Business

Notore Chemical Industries Delists From NGX

2025/07/06
Business

PIA: PWDs Demand Inclusion In Niger Delta Host Community Board

2025/07/06
Share Local Content Success Strategies With Us, African Leaders Urge Nigeria
Business

Share Local Content Success Strategies With Us, African Leaders Urge Nigeria

2025/07/06
Burger King Recommits To Environmental Sustainability, Expands Footprint In Ogun
Business

Burger King Recommits To Environmental Sustainability, Expands Footprint In Ogun

2025/07/06
Leadership Conference advertisement

LATEST

Rainstorm Destroys 100 Houses In Kebbi Downpour

Kaduna Begins Free Bus Ride For Civil Servants, Students Today

Know Your New Tax Laws, Atoyebi Urges Nigerians

Governing Council Condemns Alleged Fraud In Oyo College Of Education

Medical Practitioners Back NMA Ultimatum, Warn Of Looming Healthcare Crisis

Okpebholo Approves N1bn Annual Bursary For Students In Tertiary Institutions

‘Stop Planned Privatisation Of Cocoa Estate’

Nwachukwu Slams Umahi Over Comments On Nnamdi Kanu

Imo Community Protests ‘Deceptive’ Oil Exploration Agreement

29 Die In Kano, Lagos Road Crashes

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.