UBA, GTBank, FirstBank 5 Others’ Branches Shut Over N456m Tax Liability

The Board of Internal Revenue (BIR), Niger state, Nigeria, has shut the business premises of eight banks in the state over alleged N456million tax infraction

Platforms  Africa reports that the Executive Chairman of the Board, Alhaji Mohammed Madami Etsu, who revealed  this in a statement, maintained that the action took effect from Monday, September 6, 2021

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He explained that the action carried out in line with the provisions of the relevant Nigerian Tax laws.

A Lagos branch of FirstBank

The  names of the tax defaulters i include; Stanbic IBTC (N113.2 million) Polaris Bank (N74.8 million), UBA (N68.9 million), Union Bank (N47.1m illion), First Bank (N45.7 million), Heritage Bank (N31.5 million) Unity Bank (N14 million) and GTB (N8.2 million).

Others are ; the AEDC Plc having the debt standing as N45.8 million, AloeVera International Hotel (N3.9 million) and Rashida Restaurant along Shiroro road (N3.2 million).

Etsu lamented,who lamented  the failure of private and corporate organisations defaulting in statutory responsibilities,  said all efforts by his agency to enable the defaulting organisaations pay their respective tax liabilities have  been met with brick wall.

He implored all debtors to pay their outstanding tax liabilities to avoid embarrassments which may not be restricted to closure of their offices by the enabling BIR tax laws,but  use of other means to recover such debts.

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