B-R-E-A-K-I-N-G: How GTBANK Owing Niger State Revenue N22.2M Exposed As Bank Seals By Niger State Revenue Service

The Niger State Internal Revenue Service has closed down the premises of Abuja Electricity Distribution Company (AEDC), eight banks, and three other organisations.

In a document obtained by The Guardian, the chairman of the board, Mohammed Madami Etsu, noted that the affected organisations were yet to pay their tax of up to N456 million.

He justified the action saying: “The exercise was carried out in line with the provisions of the relevant tax laws.”

It was learned that AEDC was sanctioned for a tax deficit of N45.8 million; GTB were charged for owing N14 million and N8.2 million respectively.

Other affected institutions include Aloe Vera International Hotel (N3.9m) and Rashida Restaurant (N3.2m).