 |
| Governor Rochas Okorocha |
Economic activities were paralyzed
in Imo State yesterday, following the summary closure of eight commercial banks
operating in the state by agents of the state government.
Confirming government’s action in a press
conference, the Commissioner for Internal Resources and Pension Affairs, Mr.
Nick Opara-Ndudu, explained that the banks were sealed for failing to pay the
state withholding tax on interest paid to customers.
The sealed banks include UBA, First
Bank, Fidelity Bank, Eco bank, Diamond Bank, Enterprise, Key Stone and Union
Bank
According to the commissioner, the
action was taken in compliance with a court order granted the BIR, authorizing
it to seal the affected banks after their failure to heed the repeated demands
to fulfill their statutory obligations to the state.
This singular action has effected
economic activities in the state and most residence are now traveling to
nearby states to carry out banking transactions.
Sealing of 8 banks paralyses economic activities in Imo
BY CHIDI NKWOPARA
Economic activities in Imo State came to an abrupt halt yesterday, following the summary closure of eight commercial banks operating in the state by agents of the state government.
Confirming government’s action in a press conference, the Commissioner for Internal Resources and Pension Affairs, Mr. Nick Opara-Ndudu, explained that the banks were sealed for failing to pay the state withholding tax on interest paid to customers.
“The Board of Internal Revenue, in exercise of its statutory powers today, sealed the premises of eight commercial banks in Imo State for their failure to pay to the withholding tax on interest paid to customers,” Opara-Ndudu said.
According to the commissioner, the action was taken in compliance with a court order granted the BIR, authorizing it to seal the affected banks after their failure to heed the repeated demands to fulfill their statutory obligations to the state.
“The action of the BIR is intended to send a clear signal to all organizations and institutions operating in the state on ten need for them to meet their statutory obligations to the state and it’s citizens,” the commissioner said.
Economic activities in Imo State came to an abrupt halt yesterday, following the summary closure of eight commercial banks operating in the state by agents of the state government.
Confirming government’s action in a press conference, the Commissioner for Internal Resources and Pension Affairs, Mr. Nick Opara-Ndudu, explained that the banks were sealed for failing to pay the state withholding tax on interest paid to customers.
“The Board of Internal Revenue, in exercise of its statutory powers today, sealed the premises of eight commercial banks in Imo State for their failure to pay to the withholding tax on interest paid to customers,” Opara-Ndudu said.
According to the commissioner, the action was taken in compliance with a court order granted the BIR, authorizing it to seal the affected banks after their failure to heed the repeated demands to fulfill their statutory obligations to the state.
“The action of the BIR is intended to send a clear signal to all organizations and institutions operating in the state on ten need for them to meet their statutory obligations to the state and it’s citizens,” the commissioner said.
No comments:
Post a Comment