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Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue - Business - Nairaland

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Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by AnonPoet: 5:30pm On Aug 14, 2018
The Enugu State Board of Internal Revenue (BIR) has given insight into why it carried out a distrainment exercise on four banks and two other private firms, located in Enugu metropolis and Nsukka, on Tuesday, after obtaining Court Orders. 

Speaking to newsmen immediately after the exercise, the board's Director of Back Duty Audit, Mr. Edwin Iyidiobi disclosed that the affected companies were distrained for non-payment of taxes due to the state government, totaling over N200 million.

The business establishments according to him, include Guaranty Trust Bank (GTB) Plc; Sterling Bank Plc; Unity Bank Plc; Heritage Bank Ltd; Robertson Nig. Ltd and Paladium Hotels Ltd.

Mr. Iyidiobi further disclosed that the companies were owing the state the following amounts: GTB (N46m); Sterling Bank (72.2m); Unity Bank (N22m); Heritage Bank (53.8m); Robertson Nig. Ltd (3.1m) and Paladium Hotels Ltd (N3m), totaling over N200 million.

The Director stated that the distrainment exercise became imperative “after several failed appeals to these companies that are indebted to us”, adding that “they did not comply with our request and of course being law abiding citizens we had to ask for court’s assistance”.

He maintained that the exercise followed due process and was successful, saying: “We got Court Orders to seal off the affected companies, and distrain them until they pay what they owe the state government”.

Mr. Iyidiobi further explained that the taxes being owed the state government by the affected companies were in form of “unpaid PAYE; under-remitted PAYE; under-remitted Withholding Tax; under-remitted Development Levy and interests and penalties charged on the under-remitted taxes as provided by the law”.

While emphasizing the board’s need to raise sufficient funds for the execution of state government’s development projects, Mr. Iyidiobi therefore, urged the defaulters to comply with their civic responsibilities by paying the outstanding taxes for the overall benefit of the people of the state.  

http://thepunditng.com/why-we-sealed-off-banks-others-enugu-state-board-of-internal-revenue/
Re: Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by AnonPoet: 5:31pm On Aug 14, 2018
Director of Finance and Account, Enugu State Board of Internal Revenue, Dr. Aloy Agada (left) with other officials of the board, during the distrainment exercise on four banks and two private companies in Enugu for non-payment of over N200 million taxes due to the state government, yesterday.

Re: Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by yjgm(m): 8:30am On Aug 15, 2018
More for the money. Let them comply.
Re: Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by Anthony0094(m): 8:30am On Aug 15, 2018
Z
Re: Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by abumoney(m): 8:31am On Aug 15, 2018
We don't need to know. Who collects tax from your own organization? Is anyone thinking what I'm thinking?

1 Like

Re: Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by mattonnairaland: 8:34am On Aug 15, 2018
Banks owing states agency? How about state itself owning banks.

1 Like

Re: Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by galantjoe(m): 8:34am On Aug 15, 2018
Back duty tax is a witch-hunting tax exercise. Let them negotiate with the tax authorities to reduce the tax liabilities
Re: Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by project4OO: 8:35am On Aug 15, 2018
Interesting

1 Like

Re: Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by bedspread: 8:40am On Aug 15, 2018
Our Banks with all thes charges una de Charge us?

Pay your own na

5 Likes

Re: Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by Nobody: 8:41am On Aug 15, 2018
Unity bank!
Always in the news for bad reasons.

Upon all the illegal deductions in my account, you can't pay tax?

2 Likes

Re: Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by kalu61(m): 9:18am On Aug 15, 2018
Heritage is going down. I hate that bank like poo
Re: Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by Nobody: 9:31am On Aug 15, 2018
galantjoe:
Back duty tax is a witch-hunting tax exercise. Let them negotiate with the tax authorities to reduce the tax liabilities

There's nothing to negotiate or reduce, They should pay up their taxes. u can't be posting Billions of naira as quarterly profits n still owe paltry sums on taxes.

2 Likes

Re: Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by OneCorner: 10:54am On Aug 15, 2018
We are just starting with all dz Afonja companies
Re: Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by nkul: 12:17pm On Aug 15, 2018
GTB Hmmm..'i comment my reserve'
Re: Why We Sealed  off Banks, Others - Enugu State Board Of Internal Revenue by Dareal90s(m): 10:42pm On Aug 15, 2018
OneCorner:
We are just starting with all dz Afonja companies
You will soon shout marginalization or Afonjas hate Us when they start with ur ppl in SW.

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