Niger Revenue Service Closes 8 Banks, Others for N456m Tax Debt

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The Albino Foundation Public Notice

The Albino Foundation Public Notice

The Niger state Internal Revenue Service has closed the branches of eight banks and three other organizations over N456.7m unpaid tax liability.

In a statement on Monday, signed by the Executive Chairman, Mohammed Madami Etsu in Minna, Niger State, he pointed out that the exercise was carried out in line with the provisions of the relevant Tax laws.

The affected banks include; Stanbic IBTC (N113.2m) Polaris Bank(N74.8m), UBA (N68.9m), Union Bank(N47.1m), First Bank (N45.7m), Heritage Bank (N31.5m) Unity Bank (N14m) and GTB (N8.2m). 

Others include, AEDC Plc (N45.8m), Aloe Vera International Hotel (N3.9m) and Rashida Restaurant (N3.2m).

The Chairman explained that all efforts by the Service to enable  the defaulting organisaations pay their respective tax liability yielded no positive result.

Etsu further called on other debtors to pay their outstanding  tax liability to avoid sealing of their offices by the Service as the tax drive exercise is a continuous one.

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