Zenith, FCMB, Keystone, Unity banks sealed off over multibillion-naira debts

The Kaduna State Internal Revenue Service (KADIRS) has sealed off five banks and other business premises over Land Use Charge debts of N1.7 billion.
KADIRS also sealed the Hamdala Hotel for a N115 million debt on LUC.
The companies’ premises sealed off were Keystone Bank Plc, Unity Bank, FCMB, Zenith Bank, Bank of Agriculture, Chicken Republic, Forte Oil, New Nigeria Development Company, GT Bank parking lot and A.G. Leventis building.
Speaking to journalists about the development, Aysha Ahmad, KADIRS’ board secretary and legal adviser, explained that the enforcement exercise was based on the provisions of the law.
Ms Ahmad said the enforcement was in the exercise of powers vested in KADIRS by Section 104 of the Personal Income Tax Act.
She said that the exercise was also backed by Section 24 Sub-Sections (1, 2, and 3) of the Kaduna State Tax Codification and Consolidation Law, 2020, as amended.
Ms Ahmad said that the accumulated land-based revenue (LUC) liabilities were established by the Kaduna State Geographic Information Service (KADGIS).
She added that the service had sent demand notices to the businesses, which did not yield positive responses or compliance.
“So, we have to resort to enforcement to collect what is due for the state,” she said.
The KADIRS board secretary disclosed that the exercise would be a week-long one.
She added, ”A court order for the immediate closure and taking over of the entire properties until all unpaid land-based revenue liabilities are settled had been secured.”
Ms Ahmad called on taxpayers to comply voluntarily, stressing that the service would go round the major cities across the state to ensure compliance.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Africa
Anti-Terrorism: U.S AFRICOM, Morocco to establish tech-driven training, experimentation centre in Africa
Mr Anderson said the centre would increase readiness and advance capabilities of both nations.

Sport
Argentina stun England to set up World Cup final clash with Spain
Spain defeated France 2-0 at the Dallas Stadium on Tuesday to qualify for the final.

NationWide
FG enhances international recognition of Nigerian passports
Mr Akinlabi said the milestone was achieved on July 13.

Heading 3
FG, states, LGs shared N2.550 trillion June revenue: FAAC
Mr Mokwa said the revenue was shared at the July meeting of the committee.

Heading 2
14-year-old boy charged with terror offences targeting London mosques
The boy was arrested on 9 July on suspicion of criminal damage to a vehicle.

States
Delta content creator arrested after alleged rape victim dies by suicide
According to the victim, Mr Ogbonna initially demanded sex in exchange for financial help.





