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Panic as Enugu government seals off 8 banks over N1billion tax

Customers of eight banks in Enugu on Monday got stranded as the banks have been sealed off over non-remittance of N1billion tax

– The state board of internal revenue carried out the action following an order from the state high court

– The board said the banks will remain sealed pending when they carry out their civic obligations to the state government

Customers of eight banks operating in Enugu on Monday, got stranded as the state government, following a directive from the state high court, sealed off the banks over failure to remit about N1billion to the government.

The stranded customers were seen hanging around while others complained over when the banks will be opened so that they could withdraw their money.

Enugu government seals off eight banks over N1billion tax

Stranded bank customers

The exercise which was carried out by the state’s board of internal revenue, Daily Post reports, affected Access Bank, Stanbic IBTC, Skye Bank, Union Bank, Unity Bank, Heritage Bank, Keystone Bank and Sterling Bank.

Chairman of

the board, Mr. Emeka Odo, said the action was carried out following an order from the state High Court.

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Mr Odo said sealing of the banks was to ensure banks take necessary actions in performing their civic obligations to government.

Sealing of the banks is the first phase of the enforcement exercise on the major companies and institutions.

“The institutions will remain under lock and key to ensure that they perform their civic obligations to the state government,” Mr. Odo said.

He, however, urged customers of the affected banks not to panic as the banks would take actions to enable the government serve them better.

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