Niger Revenue Service closes 8 banks, others over N456m tax debt

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From Yakubu Mustapha, Minna

Niger state Internal Revenue Service has closed down 8 banks and three other organizations over N456.7m unpaid tax liability to the state government.
This was contained in a statement signed by the Executive Chairman, Mohammed Madami Etsu yesterday in Minna.
He pointed out that the exercise was carried out in line with the provisions of the relevant tax laws.
According to the statement, “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)”.
Etsu further explained that all efforts by the Service to enable the defaulting organisations pay their respective tax liability yielded no positive results.
The Chairman however called on other debtors to pay their outstanding tax liability to avoid sealing of their offices by the Service.

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