The Port Terminal Multiservices Limited (PTML) Command of the Nigeria Customs Service (NCS) has announced plans to incorporate 25 banks into its local payment and clearing platform, B’Odogwu.
This move aims to resolve transaction delays for agents and tackle initial challenges with the trade portal.
Customs’ B’Odogwu revenue platform to facilitate easier transactions as it integrates 25 banks
Source: UGC
Customs links banks to ease port transactions
Speaking to journalists yesterday, the Customs Area Controller, Tenny Daniyan, highlighted the platform’s importance and the obstacles encountered since its introduction on October 23, 2024.
He explained that the shift from Webb Fontaine’s Nigeria Integrated Customs Information System (NISIS) to the B’Odogwu platform has come with its challenges.
Daniyan noted that Webb Fontaine’s decision to disconnect PTML from NISIS caused disruptions for agents, prompting the command to accelerate the deployment of B’Odogwu.
He emphasized that the introduction of B’Odogwu marks a significant step forward in modernizing customs processes and enhancing national revenue generation.
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Daniyan said:
“We have engaged extensively with banks, and many have resolved their internal processes. By tomorrow, we expect seamless operations involving 25 banks.”
Daniyan highlighted the B’Odogwu platform’s transformative effect, revealing over N44 billion in revenue in October 2024, with higher figures recorded in early November.
The platform has diversified shipments, boosted trade with regions like China, and introduced new revenue streams.
Its rollout began on October 30, with initial transactions of N2.5 billion and N3.03 billion.
He noted that the system’s efficiency has attracted more traders and importers to the PTML terminal.
Source: Henzodaily.ng