Niger seals AEDC,8 bank premises over alleged N456m debt

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By Correspondent in Minna

Niger State Board of Internal Revenue (BIR) had sealed the business premises of the Abuja Electricity Distribution Company (AEDC) and that of no fewer than eight Banks over alleged N456 million debts

The Executive Chairman of the Board, Alhaji Mohammed Madami Etsu, who disclosed this in a statement made available to newsmen in Minna on Sunday,said the sealing was carried out in line with the provisions of the relevant Nigerian Tax laws.

Etsu gave the names of the affected Banks to include; Stanbic IBTC (N113.2 million) Polaris Bank (N74.8 million), UBA (N68.9 million), Union Bank (N47.1m illion), First Bank (N45.7 million), Heritage Bank (N31.5 million) Unity Bank (N14 million) and GTB (N8.2 million).

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Other corporate organisations liable for Tax defaulting, the state BIR Executive Chairman said, include; AEDC Plc,having the debt standing as N45.8 million, AloeVera International Hotel (N3.9 million) and Rashida Restaurant, along Shiroro road, (N3.2 million).

While lamenting the failure of private and corporate organisations defaulting in statutory responsibilities, Etsu said all efforts by the BIR to enable the defaulting organisaations pay their respective tax liabilities had not yielded positive results.

Etsu, therefore, called on all debtors to rise to their statutory responsibility of paying their outstanding tax liabilities to avoid embarrassment which might not be restricted to sealing-off their offices by the enabling BIR tax laws but adoption of other means to recover such debts.

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