CBN Chooses Lotus Bank, Two Others to Collect NESS Fees

By Modupe Gbadeyanka

Three financial institutions have been appointed by the Central Bank of Nigeria (CBN) to collect fees under the Nigerian Export Supervision Scheme (NESS).

In a statement signed by W.J. Kanya for the Director of Trade and Exchange Department of the central bank, it was disclosed that the trio of Coronation Merchant Bank Limited, Parallex Bank Limited and Lotus Bank have joined other lenders to collect the fees.

“This is to notify all authorised dealers, service providers and the general public that the Minister of Finance, Budget and National Planning has approved the appointment of the underlisted additional designated banks for the collection of NESS fees.

“The banks are Coronation Merchant Bank Limited, Parallex Bank Limited Lotus Bank.

“Consequently, all authorised dealers are therefore enjoined to bring the information to the attention of their exporting customers,” the statement said.