Kogi State Internal Revenue Service (KGIRS) on Friday sealed the premises of Union Bank of Nigeria (UBN) Plc for its refusal to pay tax liability of over N147.3 million owed the Kogi state government.
Barrister Isah Jamil, KGIRS director of legal services, said the High Court of Kogi state on August 21, 2020, granted an application by KGIRS to restrain the premises of Union Bank PLC on account of her default in the payment of tax liability owed the Kogi state government.
Jamil also said the bank owed the sum of ₦147,343,407.32k and that its premises in the state were sealed pursuant to the said Order of the Court.
He disclosed that the bank after the judgement filed a motion before the High Court of the state seeking to set aside the Order of restrain.
He said the court having heard the application on August 26, 2020, dismissed the bank’s application for lack of merit.
“It is important to also add that in 2019, UBN had filed a case before the Tax Appeal Tribunal (TAT) sitting in Jos disputing KGIRS assessment notice of the same liability.
“On July 29, 2020, the TAT found at the end of the hearing of the case that UBN is liable to Kogi state government in ₦147,343,407.32 and directed the bank to pay the said amount immediately, but the bank failed to comply with the judgement of TAT”
He added that the case of the bank had been dismissed as the restrain of the premises of the bank would continue until the liability of the bank in the sum of ₦147,343,407.32K was fully settled.
