Niger Govt Seals First Bank Office Over N147m Unpaid Tax

1
241

By Ibrahim Imam, Kaduna.

The Niger State Board of Internal Revenue has sealed the premises of First Bank Plc, Minna branch over tax evasion.

Chairman of the Board, Mr. Hussaini Ahmed told journalists in Minna, Niger State capital, that the exercise was carried out following a court order that was secured to that effect.

He explained that the board had earlier conducted tax audit on two branches of the First Bank in Minna, from 2006 to 2011 where it discovered that there was gross under declaration of the income of workers as well as failure to remit Withholding Tax.

Ahmed said the bank is owing the state government the sum of  N147 million, adding that it failed to pay, despite several correspondences.

He said the bank would remain shut until it pays up the debt, adding that the tax law is very clear on this.

Therefore in a situation where an individual or private organization fails to pay, the appropriate laws must be enforced,” he said.

Comments are closed.