Kano govt threatens to close three banks for failing to pay tax

The Kano state authorities has issued a two-week ultimatum to a few business banks to

The Kano state authorities has issued a two-week ultimatum to a few business banks to pay their excellent commerce registration charges or face closure.

The banks embody FirstBank, Ecobank and Unity Financial institution.

A cell court docket presided over by Senior Justice of the Peace, Ibrahim Gwadabe on Thursday in Kano convicted the three banks for failure to pay Commerce Registration Charges to the state authorities by means of the Ministry of Commerce Business Cooperative and Strong Minerals.

Learn additionally: Kano govt dismisses 4 civil servants for alleged misconduct

The offence, in keeping with the choose, contravenes Sections 8 and 9 and is punishable below Part 14 of the Kano State Commerce Registration Regulation 2014.

The knowledge officer of the ministry, Sa’adatu Sulaiman, stated the choose, nonetheless, ordered the three banks to settle the excellent charges inside two weeks or face closure from their actions till they settled the payments.

Final 12 months, the Kano State Inside Income Providers (KIRS) sealed 5 branches of Warranty Belief Financial institution in Kano over failure to pay taxes to the state authorities.

Be a part of the dialog

Opinions

Assist Ripples Nigeria, maintain up options journalism

Balanced, fearless journalism pushed by knowledge comes at big monetary prices.

As a media platform, we maintain management accountable and won’t commerce the best to press freedom and free speech for a chunk of cake.

In the event you like what we do, and are able to uphold options journalism, kindly donate to the Ripples Nigeria trigger.

Your help would assist to make sure that residents and establishments proceed to have free entry to credible and dependable info for societal improvement.

See also  Inventory market posts losses, capitalisation down by N20 billion

Donate Now