Kogi Government Sealed Off UBA Branches Over N1 Billion Debt, Workers Trapped...

Kogi Government Sealed Off UBA Branches Over N1 Billion Debt, Workers Trapped Inside

By News Agency of Nigeria on October 7, 2019
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Kogi Governor Yahaya Bello
Kogi Governor Yahaya Bello

Kogi State Internal Revenue Service, KGIRS, on Friday, October 4, 2019, seal of premises of the United Bank for Africa, UBA, over debt to the tune of over 1 billion naira for the period of five years.

The staff of the revenue visited the office of the bank situated along Adanko and Logos Road and seal off the premises as workers have no choice but to vacate their various office to avoid been locked inside the office.

Addressing NAN on Friday, October 4, 2019, Isah Jamil, the head of legal and enforcement department said the bank is indebted to Kogi State in the sum of N1, 664,417,350.03.

“The debt arose from tax investigation conducted on the bank for the tax period 2000 – 2005. On PAYE, WHT.

“Several demand letters were served, on the bank which it refused to pay or honour. It is the failure of the bank to pay the established liability that prompted the Service to proceed to the Kogi State High Court of Justice, for leave to enforce the payment of the liability by way of distrain.

He stated further that the order was granted on the 3rd October, 2019 by a court in Lokoja adding that the bank is also to bear the cost of distraining per the order of the court.

“The service shall maintain the distrain on the bank premises in Lokoja until the liability is completely liquidated,” he said.

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