NewsEbonyi Govt Shuts Down GTBank For Tax Evasion

Ebonyi Govt Shuts Down GTBank For Tax Evasion

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July 05, (THEWILL) – One of the leading commercial banks, Guarantee Trust Bank (GTB), in Abakaliki, Ebonyi State, has been shut down by the State Government for tax Indebtedness.

The bank was carrying out business transactions earlier in the morning, when the taskforce team from Ebonyi State Board of Internal Revenue Service visited the bank and ordered the immediate closure.

Mr Okoro Celestine, who is the head of Integrated Revenue, Ebonyi State Board of Internal Revenue Service, explained that the decision to seal the bank over their inability to respond to their demand notices to pay their accumulated tax, saying that they sought a court order before coming to seal the bank.

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He said several demand notices have been served them from January 14th, to date, but they were unable to clear the tax.

“The reason why we sealed the bank was that they have not been paying their taxes and levies, which have accumulated.

“This is not the first time we are coming here, several demand notices have been served to them from January 14th, 2022, till date, and we have a procedure, we don’t just come and seal. A court order has been granted for us to come and seal it.

“First demand notice was given to them; a reminder notice was also given to them, but they refused. We don’t have any other option, we are not going to fight them, other than to do the needful by seeking court orders to seal them.

“We feel that it must be sealed today. We are not going to unseal it until they comply. We did not just start this journey today, it has been from January, which is seven months.

THEWILL gathered the amount of money owed as tax was not disclosed, but a close source from the board said they owed over a N100 million.

Efforts made to speak with the bank manager were not successful, as he declined to speak over the matter.

GTBank

GTBank

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Sunday Ogbu is a professional journalist with eight - twelve years experience that had worked with various print and online media. Sunday specializes in news reporting with the aim of educating his readers on current social, political and economic occurences within his area of coverage. Sunday is a strong force to work with in the media industry and uses his positive attitude and tireless energy to encourage others to work hard and succeed. Sunday is inspired daily by his wife and their four children. In his free time, Sunday likes sight-seeing, reading and discussing issues of societal interest.

Sunday Ogbuhttps://thewillnews.com
Sunday Ogbu is a professional journalist with eight - twelve years experience that had worked with various print and online media. Sunday specializes in news reporting with the aim of educating his readers on current social, political and economic occurences within his area of coverage. Sunday is a strong force to work with in the media industry and uses his positive attitude and tireless energy to encourage others to work hard and succeed. Sunday is inspired daily by his wife and their four children. In his free time, Sunday likes sight-seeing, reading and discussing issues of societal interest.

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