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Home Business

Govt Seals Access Bank Branches In Kaduna Over Tax Liabilities [Photos]

by ReportersAtLarge
June 25, 2023
in Business, Featured
Reading Time: 1 min read
0
Access bank
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The Kaduna State Internal Revenue Service’s enforcement division has sealed Access Bank Plc branches in the state.

Branch locations that have incurred tax liabilities include Ali Akilu Road, Isah Kaita Road, Kano Road, Ahmadu Bello Way, Kwato Road, Kachia Road, Ibrahim Taiwo Road, and Bida Road.

Government sealed Access Bank

According to Mr Zakari Muhammad, head of corporate communications, the affected banks and firms were shut down due to a court order after they failed to pay N419.3 million in back taxes.

The agency also flagged the Regional Office of Transmission Company of Nigeria and six other businesses for having unpaid taxes totalling N419.3 million.

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Access Bank received N249.9 million, Transmission Company of Nigeria’s regional office received N56.3 million, Transmission Company of Nigeria’s sub-regional office received N67.7 million, and Sky Express Airways received N5.4 million, according to Muhammad.

Access Bank sealed

Others include Premier Feed Mills (N7 million), China Zhonghao Nigeria (N8.6 million), Indomie Noodle (Kaduna), N9.3 million, and Azman Air Services (N15,2 million).

He cited Section 104, subsections 3 and 4 of the Personal Income Tax (Amendment) Act, 2011, and Section 37, subsections 3 and 4 of the Kaduna State Tax Codification and Consolidation Law, 2020, as the legal documents that gave the Kaduna State Internal Revenue Service (KADIRS) the authority to seal the locations of businesses that failed to pay taxes due to the state.

Tags: Access BankIndomie NoodlesKaduna State GovernmentKaduna State Internal Revenue ServiceKaduna State News
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