Tax default: Oyo Govt seals banks in Ibadan


From Yinka Adeniran, Ibadan


Activities were paralyzed in many banks in Ibadan, the Oyo state capital, Monday morning as a combined task force team of the Oyo State Interministerial Enforcement Unit swoop on the financial institutions to enforce tax compliance.


As early as 9am, no fewer than 20 different branches of the various bank had been shut with sealed notices placed at the property.


Some of the areas the enforcement team carried out their activities include, Dugbe, Mokola, Idi-Ape, Agodi Gate, Secretariat Road, Challenge, Jericho, Bodija, UI among others.


Some of the affected banks include, Diamond, Stanbic IBTC, Skye, FCMB, Heritage,


Immediately the officials of the affected banks were seen running around to tidy up their papers to save losing the whole days business.


While some succeeded in making the necessary payment as fast as they could to resume operations, some others were seen still trying to reach out to superior authority for further directive.


A source within the government enforcement team said the affected banks defaulted in the payment of the annual environmental development levy.


The tax, which is paid to the coffers of the state government is said to be payment for the impact of the various business and corporate entities on the environment across the state.


The affected banks were also said to have been found guilt for various duration ranging from 2015 to 2018, despite series of official communications and reminders to the management at different times.


It would be recalled that the Oyo State Board of Internal Revenue (OYBIR), the coordinating agency for collecting all government revenues had last month issued a 14 day ultimate to all tax payers in the state to pay up all outstanding dues and levies to the coffers of government.


The Chairman of the Board, Mr Bicci Alli had warned in the paid advertorial that the agency would embark on massive enforcement to seal up all erring corporate organisations on the expiration of the ultimatum.


But a source hinted that about two weeks after the expiration of the 14 days, the OYBIR had also written series of reminder letters to the affected banks, to which no response was gotten until the enforcement.


Many people who were within the affected bank premises when the enforcement team sealed up were seen with shock on the faces and expressing disappointment that cooperate organizations like banks could default in tax payment.


Alli said, the enforcement team decided to focus on banks to serve as deterrent to other defaulting corporate organisations, adding that the exercise is continuous.

So bank too dey default

okay..

hm

Things that can earn you jail terms in civilised countries

Lawless state with useless ‘constituted authority’ that cannot pay LAUTECH workers.

Great

Et tu bank??go and pay make them see money for election ..you can't deny me my 1k at campaign grounds. ..nah season we dey

Ok

bad

Chai

When the constituted authority wants to flex his muscles ���

y

What actually did they used the money these mofos collected from tax to do?
Is it for national development or what?
Cuz I'm yet to know.
Unlike in the western world where it is used for good development.

So they will cripple people's way of getting money to make financial transactions in the state thus crippling the states economy?


Smart idiot

ken6488:
money for rigging not avaliable now pleas try again later

Foolish people from foolish tribe always having thrash to comment

Ajimonbi and his thieving ways sha!it would be used for development na just like the one he collects from the Nurtw!Rubbish

After all the card maintenance fee.. They still default

They'll fvck you up during elections. Be doing

shugacaneman:
Things that can earn you jail terms in civilised countries

Not if you are a bank worker.

Hmm

All the money they have been collecting is not accountable but the one unpaid is now regarded as unemployment in Oyo , despite the huge land mass and budget without implementation

this is why I sometimes don't blame this banks when they take it out on their customers. cost of doing business is just so high in this country
after spending much on PHCN,DIESLE, FG TAX, STATE TAX , LOCAL GOVERNMENT TAX , mhen I tire o

If you get a loan from bank and you default on payment, they will threaten to seize collateral. So, upon all those useless charges they deduct from our accounts, they also default too?

No mercy for banks

Na election money dem dey find so.

I can see FCMB there...