Fidelity bank banner Bayelsa State banner
10 bank branches sealed over tax offences

By Olukayode Babalola on 08/11/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,093


The Nasarawa State Internal Revenue Service (NSIRS) has sealed off 10 branches of three banks over alleged failure to remit taxes deducted from customers in the state.

Alhaji Usman Okposhi, Chairman of NSIRS, told journalists in Lafia on Wednesday that four branches each of Skye Bank and Unity Bank, and two branches of Keystone Bank were affected by the closure.

He said that the action was backed by Section 104 of the Personal Income Tax Act that mandates tax authority to reconcile with the banks the level of compliance of the tax payers.

“The recent closure hinges on the failure on the part of the banks to comply with appropriate directive as provided by the law.

“In the matter at hand, banks are not our tax payers. The customers in the banks are our tax payers.

“But they are the agents empowered by law to make deductions but they are withholding tax on dividends, withholding tax on fixed deposits and other relevant taxes.

“When we demanded for documents to review their level of compliance, the banks refused,” the NSIRS chairman said.

Okposhi said that NSIRS was compelled to use legal means in sealing the banks since the institutions failed to comply with the law after several demand notices.

He said that the state got a motion ex parte order from the State High Court to seal all the branches of the three banks in the state until they complied with NSIRS directive.

“After giving them several notices, we gave them reminders, we gave them warnings, we even served them an ex parte order from the court but they still refused.

“So, we had to go to court again to get another order to seal up their branches in the state.

“I don’t know what they are hiding. They are supposed to open their documents for us to verify what they deducted from customers and should remit to the state government.

“By refusing, they are sending us signal that they have something to hide,” the NSIRS boss said.

Okposhi appealed to customers of the three banks to exercise patience while the matter was being resolved.

“It is unfortunate the customers are on the receiving end but it’s not our fault. We are doing it statutorily.

“The law allows us to take this step and statutorily the banks are supposed to comply but once they fail to comply, the law descends on them,” he added.

The News Agency of Nigeria (NAN) reports that all efforts to speak to managements or staff of the affected banks in Lafia proved abortive. (NAN)

 

Source News Express

Posted 08/11/2017 7:06:18 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Taraba Governor raises alarm over plan to attack...

FG declares Friday, Monday public holidays for Eid-el-Fitri...

Boko Haram war: Our deal with Cameroon, Chad,...

Kidnappers kill Ex-Governor’s aide, abduct 2 others

Senator Abe reels out developmental programmes for Rivers...

Robbers kill fuel station manager in Kaduna

Save Lagos Group lauds Lagos Assembly over call...

Lagos Neighborhood Security arrests 6 cult members for...

Battle over Internet: Group demands immediate release of...

We have contained spread of Lassa Fever —...

Vast crowds celebrate pope’s first mass in Africa...

Freed Boko Haram commanders brag in video

 

Latest News Bomb scare in Ebonyi •Umahi summons emergency security meeting World Cup: Nigerian, other Asylum seekers enter Finland illegally from Russia Pastor pleads guilty to criminal breach of trust, cheating, remanded in prison NERC suspends IBEDC board of directors over 6bn loan 192 drown as tourist ferry sinks Saraki addresses Russian Parliament; Seeks stronger security, economic cooperation Probe your 2015 campaign fund, PDP tells Buhari 75 per cent of sickle cell births in Nigeria don’t see their 5th birthday – Group PDP Campaign Fund: Absence of defendants stalls arraignment of Ex-Kebbi Governor APC National Convention: Muiz Banire’s camp loses out again in battle for Lagos delegates Kwara tertiary institutions begin indefinite strike Traders lose property worth N150 million to fire in Ekiti

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (352,130 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (351,415 views) Shameless Genevieve Nnaji exposes breasts in public (280,059 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (229,961 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (208,985 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,607 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,718 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,789 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,859 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,508 views) Lagos plane crash: Journalist releases victims’ names (143,764 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,611 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,256) Business Verdict (44) Columnists (868) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (505) Features (607) Global Business Monitor (283) International (2,040) Interview (154) Live Commentary (28) Love Matters (123) News (36,345) Opinion (1,003) Pidgin (10) Politics (5,289) Religion (770) Sports (1,552) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Portugal v Spain 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement