• Membership
  • Advert Rates
  • Careers
  • About Us
  • Contact Us
  • Digital Store
Tuesday, July 1, 2025
The Trumpet Newspaper Nigeria
No Result
View All Result
  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition
  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition
No Result
View All Result
The Trumpet Newspaper Nigeria
No Result
View All Result
ADVERTISEMENT
Home News

A’ Ibom Revenue Service seals two banks over N228.6m debt

Edu Abade by Edu Abade
January 3, 2025
in News
Reading Time: 2 mins read
0
A' Ibom Revenue Service seals two banks over N228.6m debt
0
SHARES
3
VIEWS
Share on FacebookShare on TwitterShare on LinkedinShare on WhatsAppShare on Pinterest
The Akwa Ibom State Internal Revenue Service, AKIRS has shut gates of Keystone and Heritage banks for failing to pay their taxes amounting to over N228m.

Our Correspondent gathered that the two banks located along Abak Road and Ikot Road respectively were sealed up by the revenue agency on Thursday as they could not settle their arrears of tax liabilities in the state.

According to the Executive Director in charge of Enforcement and Debt Recovery of the Revenue Board Mr Leo Umana, the ceiling of the two banks complied with its enforcement drive.

ADVERTISEMENT

Umana said Heritage Bank has failed to pay N100,270,910 while Keystone Bank has refused to pay N128,413,882 owed to the state government as tax liabilities.

He said the two banks were sealed after an expert order of Notice of Distraint was obtained by the State Revenue Service from Akwa Ibom State High Court, Uyo Division

“The Court Order was signed by Hon Justice Effiong Effiong who ordered that access to the bank premises and its facilities be restricted.”

The Court Order which was sighted by newsmen in Uyo stated that the two banks have not been remitting actual tax from employee salaries as well as other taxes meant for the state.

Read Also: Delta EXCO Approves N714.4 billion proposed budget for 2024

The order of the court reads in parts :
“The banks have not been remitting the actual tax deductible from its employees’ salaries and other relevant taxes due to the State; hence failed to comply with the provisions of relevant tax laws.”

Umana said the banks were given warning notices but failed to comply after several months.

He explained that the Akwa Ibom State Internal Revenue Service had exhausted reconciliation and negotiation opportunities with the organizations before they settled for action.

He also pointed out that since the bank’s management have refused to remit taxes accruing to the State despite the long period given them, the revenue agency was left with no option but to secure the exparte order as a move to recover State Government revenue.

Umana noted that for the banks that served the Notice of Distrain, under the law, they have 14 days to negotiate with AKIRS and vacate the order.

” If after 14 days, they do not comply, we have the mandate of the court to sell the property and recover the tax owed the State.”

He said that the ongoing enforcement drive of the Akwa Ibom Revenue Service is aimed at recovering State government revenue and assisting the state to realize its A-R-I-S-E agenda.

Follow The Trumpet on all our social media platforms for more updates:

Tags: Revenue Serviceseals two banks
Previous Post

Delta EXCO Approves N714.4 billion proposed budget for 2024

Next Post

Isoko Mirror, ‘Delta Pillar of Development Awards’, Book Launch to hold November 3rd

Edu Abade

Edu Abade

Next Post
Isoko Mirror, 'Delta Pillar of Development Awards', Book Launch to hold November 3rd

Isoko Mirror, 'Delta Pillar of Development Awards', Book Launch to hold November 3rd

About The Trumpet

The Trumpet is a Nigerian based national news media, owned, trademarked and operated by Elomaz Communications Limited with headquarters in FCT-Abuja and regional offices in Lagos and Delta States

Follow Us

Resources

  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition

Recent News

CAC launches new AI-driven business registration portal

CAC launches new AI-driven business registration portal

July 1, 2025
Lagos monarch strips 6 chiefs of title for attending LP campaign

Lagos monarch strips 6 chiefs of title for attending LP campaign

July 1, 2025
  • Cookie Policy
  • Disclaimer
  • Contact us
  • About Us
  • Cookie Policy
  • Disclaimer
  • Contact us
  • About Us

© 2025 The Trumpet News Papers - Developed by VIS Nigeria.

No Result
View All Result
  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition

© 2025 The Trumpet News Papers - Developed by VIS Nigeria.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
Go to mobile version
Verified by MonsterInsights