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Anambra State seals GTCo Bank branches over tax default — Legit Naija


Anambra State seals GTCo Bank branches over tax default

The leadership of the Anambra Internally Generated Revenue Services led a team of enforcers to seal branches of the bank in the state.

Anambra State Government sealed off the premises of the Guaranty Trust Co. (GTCo) in the State for non-remittance of tax.

The closure which caught the bank staff and customers unawares saw the customers agonizing over the failure of the banks to remit the tax to the government’s coffer.

Apart from the doors to the banking halls, the gates of the bank branches were firmly locked by the revenue officials.

One of the officials of the banks said the affected bank had issues with the state government over their refusal to remit tax.

An official of AIGRS who craved anonymity said the bank was asked to submit documents relating to deductions of tax.

According to the source, the state government had secured court orders to shut the bank adding that the action was within the ambit of the law.

He said: “The GTCo supposed to pay the tax to the state government but they refused to do so.
BusinessEcho Magazine will bring you details shortly.

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