Fidelity bank banner UBA 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: 1,316


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

 

You may also like...
50 killed, 100 burnt in oil tanker road...

Nigeria to host investment summit in China

Fuel Price Hike: Not now, please, Mr President,...

Oron Maritime Academy seeks more funding from NIMASA...

Saraki gives condition for economic recession to end...

Troops kill kidnappers, rustlers

Osun Reps: Tribunal dismisses PDP petition against APC...

Computer association seeks financial assistance for local manufacturers...

2019: Don’t vote for any APGA candidate, Uwazuruike...

Unhealthy eating habit cause of Type 2 Diabetes...

Court remands pastor in prison for murder

Public schools dumping ground for less-privileged children: NANS...

 

Latest News BREAKING: Ex-Ohanaeze President Dozie Ikedife is dead Something is wrong with the leadership of the Nigerian Army: Ex-British Police Officer Liverpool, Spurs, PSG squeeze into Champions League Last 16; Napoli, Inter out Explosion rocks Umuahia Catholic Church Atiku, Ezekwesili absent as Buhari and other candidates sign Peace Accord Party Chairmen protest during signing of peace accord, allege deceit I wasn’t invited to Peace Accord meeting: Atiku South East activists hold special session, warn against scientific rigging of 2019 elections Okowa, Aisha Buhari call for sensitisation on gender streaming, advocate a re-engineering of the civil service PDP to Buhari: Stop shielding corrupt relatives Gunmen hijack 18-seater passenger bus in Rivers Police receive 104,289 applications for 10,000 jobs

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (429,705 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (394,714 views) Shameless Genevieve Nnaji exposes breasts in public (327,603 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (280,927 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (247,761 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,214 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (212,028 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,237 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (179,520 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,389 views) Lagos plane crash: Journalist releases victims’ names (167,184 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (153,662 views)

 

Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,874) Business Verdict (54) Columnists (972) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (679) Global Business Monitor (311) International (2,807) Interview (167) Live Commentary (28) Love Matters (146) Maggie's Blog (69) News (41,353) Opinion (1,150) Pidgin (13) Politics (8,130) Religion (911) Sports (1,817) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera