The Ondo State Board of Internal Revenue Monday sealed
off offices of Zenith Bank Plc in Akure and Ondo Town over failure of the bank
to remit about N100 million tax due to the state government.
The sealing of the bank’s premises was carried out by the
board officials, who were accompanied by security personnel.
However, when contacted, a source at bank who pleaded to
remain anonymous said the matter would be resolved amicably.
The officials of the state agency were said to have
stormed the banks premises as early as 6.30am to restrain the bank workers who
had earlier reported for duty before gates and entrances leading to the banks
were locked.
Speaking on the development, an official of the Ondo
state board of internal revenue, said:
“Zenith Bank is one of our customers like all other financial institutions.
Record however shows that over the years, the bank has not been remitting tax
deductions to the Board of Internal Revenue.
He added: "The federal government is encouraging
state governments to look inward for revenue generation to develop their states
now that revenue coming from Federation Account is nose diving by virtue of
dwindling oil fortunes and Zenith Bank is owing over N100 million naira, which
is a huge sum of money
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