Kaduna Govt. seals Keystone Bank, FCMB over N295m taxes

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Kaduna Govt. seals Keystone Bank, FCMB over N295m taxes
Kaduna Govt. seals Keystone Bank, FCMB over N295m taxes

By Philip Yatai

The Kaduna State Internal Revenue Service (KDIRS), on Tuesday sealed the premises of Keystone Bank and First City Monument Bank (FCMB) in Kaduna over alleged unpaid taxes.

The Executive Chairman of the Service, Dr Zaid Abubakar told newsmen in Kaduna that the banks allegedly owed the state government to the tune of N294.85 million.

Abubakar said that the amount accumulated from unpaid Pay-As-You-Earn (PAYE) and withholding tax since 2007.

According to him, Keystone Bank owed unpaid taxes amounting to N222.8 million between 2007 and 2018, while FCMB owed more than N72 million from 2007 to 2016.

“When you put these together, the total liabilities amounted to N294.85 million, which we want them to pay.

“We carried out the tax audit along with the banks officials, sent them our report, assessment and demand notices.

“KDIRS also wrote to the management of the banks several times, but they refused to come…



Source: News Agency of Nigeria