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

Covid-19: 32 African countries report less than 5,000 COVID-19 cases

Some 32 African countries have so far reported less than 5,000 COVID-19 cases amid a major spike of new cases across few African countries. The Africa Centres for Disease Control and Prevention (Africa CDC) disclosed this in a statement issued on Monday in Addis Ababa. According to the centre, the number of confirmed cases in Africa surged to 1,187,937 as the death toll from the pandemic rose to 27,779 as at Monday. It added that eight African countries had reported positive COVID-19 cases ranging from 5,000 to 10,000. Africa CDC also said 11 countries have so far reported cases within the range of 10,001 to 50,000 positive COVID-19 cases. Meanwhile, three African countries – Egypt, Nigeria and Morocco – reported positive cases ranging within 50,001 to 100,000. South Africa is the only African country that reported above 100,000 confirmed positive cases so far, which stands at 609,773, according to the Africa CDC. The country also has the highest number of deaths related to COVID-19, a...
Post a Comment
Read more

Two Koreas dismantle propaganda loudspeakers at border

                              The rival Koreas dismantled huge loudspeakers used to blare Cold War-style propaganda across their tense border on Tuesday, as South Korea's president asked the United Nations to observe the North's planned closing of its nuclear test site. The dismantling of dozens of loudspeakers was in line with an agreement on reconciliation by the leaders of the Koreas at their historic summit last Friday. It is still unclear if such measures can bring permanent peace because no major breakthrough in the North Korean nuclear standoff was produced at the summit.                              South Korean soldiers disassembled loudspeakers in multiple front-line areas in the presen...
Post a Comment
Read more

Area Commanders, DPOs On Payroll Of Fraudsters – Lagos CP

Lagos State Police Commissioner, Fatai Owoseni has warned Area Commanders and Divisional Police Officers (DPOs) in the state police command to shun bribery or leave the state, saying that some of them are on the payroll of fraudsters. Owoseni stated this during a lecture on Code of Conduct for Law Enforcement Officers at the Police Officers’ Wives’ Association (POWA) Hall, Ikeja. He warned that the era of impunity and corruption among cops was gone, appealing to his subordinates to come for transfer if they would not want to play by the rules in the state. He said: “I am tired of hearing about shooting or killing of innocent persons. No one has the right to take another man’s life. It is only God that has the right to take life. “It is your responsibility as a DPO to know those who are collecting bribe under you. If you refuse to stop them, they will stop you from being a DPO. “It is embarrassing to see policemen collecting bribes and chasing yahoo yahoo boys for a DPO. I ...
Post a Comment
Read more