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Kogi govt seals off all Union Bank branches in state - Kogi govt seals off all Union Bank branches in state

Kogi govt seals off all Union Bank branches in state

The Kogi State Authorities on Friday sealed off all of the Union Financial institution of Nigeria (UBN) Branches within the state.

The federal government stated their actions are according to a Court docket judgment obtained from the State Excessive Court docket to hold out the motion.

The Director, Authorized Companies, Kogi State inner income service, KGIRS, Barrister Isa Jamil in an interview with our correspondent on Friday, defined that the Kogi State Inner Income Service made the transfer as a result of the financial institution defaulted within the fee of tax legal responsibility owed the state authorities.

”On the twenty first of August, 2020, the Excessive Court docket of Kogi State granted an software of the Kogi State Inner Income Service to distrain the premises of Union Financial institution of Nigeria PLC on the account of her default within the fee of tax legal responsibility owed Kogi State Authorities within the sum of One Hundred and Forty-Seven Million, Three Hundred and Forty-Three Thousand, 4 Hundred and Seven Naira Thirty-Two Kobo(N147,343,407.32) by the financial institution”.

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The Director additionally defined that the premises of the financial institution throughout the Kogi State had been sealed in pursuant to the stated Court docket Order.

Barrister Jamil additional stated the UBN had filed a movement earlier than the Kogi Excessive Court docket searching for to put aside the Order of Ddistrain, the court docket heard the appliance on the twenty sixth of August, 2020 and after due consideration, the Court docket dismissed the appliance of UBN for lack of advantage.

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The Director added that in 2019 UBN had filed a case earlier than the Tax Attraction Tribunal (TAT) sitting in Jos disputing KGIRS evaluation discover of the identical legal responsibility however on the twenty ninth of July, 2020 the TAT discovered on the finish of the listening to of the case that UBN is liable to Kogi State Authorities within the sum of One Hundred and Forty-Seven Million, Three Hundred and Forty-Three Thousand, 4 Hundred and Seven Naira Thirty-Two Kobo(N147,343,407.32) and directed the financial institution to pay the stated quantity instantly however UBN did not adjust to the Judgment of TAT.

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He famous that because the case of UBN has been dismissed, the distrain of the premises of the financial institution will proceed till the legal responsibility of the financial institution is totally settled.

The Director, nonetheless, hinted that the state can be different lawful choices to make sure that the legal responsibility is settled by UBN with out additional delay.

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