Skip to main content

Kogi Govt seals Union Bank premises over tax default

A Union Bank of Nigeria branch

For allegedly refusing to settle a tax overhang of N147.3 million, the Kogi State Government has shut branches of Union Bank of Nigeria, UBN Plc in Lokoja, the State capital.

This was disclosed to newsmen on Friday by Barrister Isah Jamil, Director of Legal Services, Kogi Internal Revenue Service, KGIRS, the agency that sealed up the premises.

Jamil noted that the High Court of Kogi State on August 21, 2020 granted an application by KGIRS to distrain the premises of Union Bank PLC on account of her default in the payment of the tax liability.

He added that the bank was owing the sum of ₦147,343,407.32k noting that the premises of the bank in Kogi State were sealed pursuant to the said Order of the Court.

He disclosed that the Union Bank of Nigeria after the judgement filed a motion before the High Court of the State seeking to set aside the Order of distrain.

He revealed that the court having heard the application on August 26, 2020 dismissed the application of the bank for lack of merit.

According to him “It is important to also add that in 2019, UBN had filed a case before the Tax Appeal Tribunal (TAT) sitting in Jos disputing KGIRS assessment notice of the same liability.

On 29th of July, 2020, the TAT found at the end of the hearing of the case that UBN is liable to Kogi State Government in One Hundred and Forty Seven Million, Three Hundred and Forty Three Thousand, Four Hundred and Seven Naira, Thirty Two Kobo (₦147,343,407.32) and directed the bank to pay the said amount immediately, but the bank failed to comply with the Judgment of TAT”

He pointed out that the case of the UBN has been dismissed as the distrain of the premises of the bank will continue until the liability of the bank in the sum of ₦147,343,407.32K is fully settled.

Jamil noted that the state is also looking at other lawful options to ensure the liability is settled by the bank without further delay.

 


Comments

Post a Comment

Popular posts from this blog

Man remanded for allegedly defiling minor

                                                  An Ado-Ekiti Magistrates’ Court yesterday remanded a 33-year-old man, Uchenna Igbwe, in prison custody, for alleged defilement of a minor. Magistrate Omolola Akosile did not take the plea of the accused, as there was no legal representative to stand for him. She referred the matter to the Director of Public Prosecution (DPP) for legal advice, and adjourned the case till July 2 for mention. The accused, whose address was not provided, is standing trial on a one-count charge of child defilement. Prosecutor Monica Ikebuilo told the court the accused committed the offence on May 14 in Ado-Ekiti. She alleged the accused lured the four-year-old girl and defiled her. Ikebuilo said the offe...
Post a Comment
Read more

EFCC nabs Lebanese with over $2million cash at Abuja Airport

Operatives of the Economic and Financial Crimes Commission, EFCC have arrested one Abbas Lakis, a Lebanese for money laundering offence. Lakis was picked up at the Nnamdi Azikiwe International Airport, Abuja, following intelligence report that he had on him, undeclared huge sums of monies aboard the Egypt Airline bringing him from the Kano Airport en route Lebanon. At the point of arrest, a thorough search on his luggage uncovered $2,104,936 (Two Million, One Hundred and Four Thousand, Nine Hundred and Thirty six Dollars), £163, 740 (One Hundred and Sixty Three Thousand, Seven Hundred and Forty Pounds), €144,680 (One Hundred and Forty Four Thousand, Six Hundred and Eighty Euros). Other currencies found with Lakis include Riyal 391,838 (Three Hundred and Ninety One Thousand, Eight Hundred and Thirty Eight Riyals), CHF 3,420 (Three Thousand Four Hundred and Twenty Swiss Franc),Lira 435 (Four Hundred and Thirty five Lira), £109,000 (One Hundred and Nine Thousand Le...
Post a Comment
Read more

RRS nab Man with 134 raps of Indian Hemp packaged in drug sachets in Oshodi (photos)

Operatives of Rapid Response Squad of the Lagos State Police Command‏ have arrested a 27 year old Road Union member who had '134 raps of Indian Hemp' packaged in drug sachets with him in Oshodi, Lagos.  According to the suspect, Tayo Ayoade, even men dressed up in suits and ties patronize him.
1 comment
Read more