Monday, March 20, 2023
  • Home
  • News
    • All
    • Accident
    • Business
    • Crime
    • Education
    • Fraud
    • Law
    • Politics
    • Religion
    • Science
    • Security
    • World
    Breaking: INEC declares Oborevwore winner of Delta governorship election

    Breaking: INEC declares Oborevwore winner of Delta governorship election

    Buhari signed 16 Constitution Amendment Bills into Law, permits States to generate electricity

    Buhari signed 16 Constitution Amendment Bills into Law, permits States to generate electricity

    Breaking: World’s oldest monarch, Ohworode of Olomu Kingdom is dead

    Breaking: World’s oldest monarch, Ohworode of Olomu Kingdom is dead

    Omo-Agege sues for peace, urges Anti-Cult group to be security cautious during election

    Omo-Agege sues for peace, urges Anti-Cult group to be security cautious during election

    Peter Obi reveals what he will do if Tinubu invites him into his Govt

    Peter Obi reveals what he will do if Tinubu invites him into his Govt

    DTHA 2023 Aniocha North Constituency: The Candidate Bazim Sally Biose

    DTHA 2023 Aniocha North Constituency: The Candidate Bazim Sally Biose

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup
    Motorola to launch new Razr foldable this year

    Motorola to launch new Razr foldable this year

    Federal Technology And Innovation Expo 2023: Delta Bags First Position Nationwide

    Federal Technology And Innovation Expo 2023: Delta Bags First Position Nationwide

    Anker’s new power bank ‘PowerCore 24K’ has USB-C PD that can charge MacBook

    Anker’s new power bank ‘PowerCore 24K’ has USB-C PD that can charge MacBook

    More Whole Foods stores are adopting the scan your palm method as means of payment

    More Whole Foods stores are adopting the scan your palm method as means of payment

    YouTube announces new feature for creators to turn longer videos into Shorts

    YouTube announces new feature for creators to turn longer videos into Shorts

    Netflix partners with Microsoft for its new Ads supported plan

    Netflix partners with Microsoft for its new Ads supported plan

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Audio
    • Celebrities
    • Gaming
    • Gossip
    • Movie
    • Music
    • Real Life
    • Sports
    • Video
    Davido delete profile picture, cleared thousands of posts on Instagram

    Davido delete profile picture, cleared thousands of posts on Instagram

    Watch Asake world-class performance of “Yoga” & “Organise” on “Tonight Show”

    Watch Asake world-class performance of “Yoga” & “Organise” on “Tonight Show”

    Netflix users can now easily adjust its TV subtitles to suit their needs

    Netflix users can now easily adjust its TV subtitles to suit their needs

    What Banky W said after losing election to LP candidate

    What Banky W said after losing election to LP candidate

    Davido’s fan offers sacrifice to make him release new music

    Davido’s fan offers sacrifice to make him release new music

    Wahala, man on mufti beats up ‘soldier’ for impersonating [Video]

    Wahala, man on mufti beats up ‘soldier’ for impersonating [Video]

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Beware of Defective Tetracycline Ointment – NAFDAC alerts Nigerians

    Beware of Defective Tetracycline Ointment – NAFDAC alerts Nigerians

    Kiddies Carnival Nigeria Seeks Partnership With NUJ, Donates Waste Bins To Union

    Kiddies Carnival Nigeria Seeks Partnership With NUJ, Donates Waste Bins To Union

    Police Officer, Dimka Joins Wife’s Foundation To Feed Over 500 Nigerian Students In Asaba

    Police Officer, Dimka Joins Wife’s Foundation To Feed Over 500 Nigerian Students In Asaba

    Nigerian Red Cross Society, DSPHCDA To Partner NUJ For Sensitization On Resurgence Of Covid-19

    Nigerian Red Cross Society, DSPHCDA To Partner NUJ For Sensitization On Resurgence Of Covid-19

    Delta State Child’s Rights Implementation Committee Raises Concern Over Children In Conflict With The Law

    Delta State Child’s Rights Implementation Committee Raises Concern Over Children In Conflict With The Law

    DTSG Establishes Sexual Assault Referral Centre In Asaba Specialist Hospital

    DTSG Establishes Sexual Assault Referral Centre In Asaba Specialist Hospital

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
No Result
View All Result
Golden Nation Blog
Advertisement
  • Home
  • News
    • All
    • Accident
    • Business
    • Crime
    • Education
    • Fraud
    • Law
    • Politics
    • Religion
    • Science
    • Security
    • World
    Breaking: INEC declares Oborevwore winner of Delta governorship election

    Breaking: INEC declares Oborevwore winner of Delta governorship election

    Buhari signed 16 Constitution Amendment Bills into Law, permits States to generate electricity

    Buhari signed 16 Constitution Amendment Bills into Law, permits States to generate electricity

    Breaking: World’s oldest monarch, Ohworode of Olomu Kingdom is dead

    Breaking: World’s oldest monarch, Ohworode of Olomu Kingdom is dead

    Omo-Agege sues for peace, urges Anti-Cult group to be security cautious during election

    Omo-Agege sues for peace, urges Anti-Cult group to be security cautious during election

    Peter Obi reveals what he will do if Tinubu invites him into his Govt

    Peter Obi reveals what he will do if Tinubu invites him into his Govt

    DTHA 2023 Aniocha North Constituency: The Candidate Bazim Sally Biose

    DTHA 2023 Aniocha North Constituency: The Candidate Bazim Sally Biose

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup
    Motorola to launch new Razr foldable this year

    Motorola to launch new Razr foldable this year

    Federal Technology And Innovation Expo 2023: Delta Bags First Position Nationwide

    Federal Technology And Innovation Expo 2023: Delta Bags First Position Nationwide

    Anker’s new power bank ‘PowerCore 24K’ has USB-C PD that can charge MacBook

    Anker’s new power bank ‘PowerCore 24K’ has USB-C PD that can charge MacBook

    More Whole Foods stores are adopting the scan your palm method as means of payment

    More Whole Foods stores are adopting the scan your palm method as means of payment

    YouTube announces new feature for creators to turn longer videos into Shorts

    YouTube announces new feature for creators to turn longer videos into Shorts

    Netflix partners with Microsoft for its new Ads supported plan

    Netflix partners with Microsoft for its new Ads supported plan

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Audio
    • Celebrities
    • Gaming
    • Gossip
    • Movie
    • Music
    • Real Life
    • Sports
    • Video
    Davido delete profile picture, cleared thousands of posts on Instagram

    Davido delete profile picture, cleared thousands of posts on Instagram

    Watch Asake world-class performance of “Yoga” & “Organise” on “Tonight Show”

    Watch Asake world-class performance of “Yoga” & “Organise” on “Tonight Show”

    Netflix users can now easily adjust its TV subtitles to suit their needs

    Netflix users can now easily adjust its TV subtitles to suit their needs

    What Banky W said after losing election to LP candidate

    What Banky W said after losing election to LP candidate

    Davido’s fan offers sacrifice to make him release new music

    Davido’s fan offers sacrifice to make him release new music

    Wahala, man on mufti beats up ‘soldier’ for impersonating [Video]

    Wahala, man on mufti beats up ‘soldier’ for impersonating [Video]

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Beware of Defective Tetracycline Ointment – NAFDAC alerts Nigerians

    Beware of Defective Tetracycline Ointment – NAFDAC alerts Nigerians

    Kiddies Carnival Nigeria Seeks Partnership With NUJ, Donates Waste Bins To Union

    Kiddies Carnival Nigeria Seeks Partnership With NUJ, Donates Waste Bins To Union

    Police Officer, Dimka Joins Wife’s Foundation To Feed Over 500 Nigerian Students In Asaba

    Police Officer, Dimka Joins Wife’s Foundation To Feed Over 500 Nigerian Students In Asaba

    Nigerian Red Cross Society, DSPHCDA To Partner NUJ For Sensitization On Resurgence Of Covid-19

    Nigerian Red Cross Society, DSPHCDA To Partner NUJ For Sensitization On Resurgence Of Covid-19

    Delta State Child’s Rights Implementation Committee Raises Concern Over Children In Conflict With The Law

    Delta State Child’s Rights Implementation Committee Raises Concern Over Children In Conflict With The Law

    DTSG Establishes Sexual Assault Referral Centre In Asaba Specialist Hospital

    DTSG Establishes Sexual Assault Referral Centre In Asaba Specialist Hospital

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
No Result
View All Result
Golden Nation Blog
No Result
View All Result
Home News

CROSS RIVER : FIRST BANK BRANCHES SHUT DOWN OVER ALLEGED DEBT.

Stanley Anamali by Stanley Anamali
October 17, 2019
in News
0
CROSS RIVER : FIRST BANK BRANCHES SHUT DOWN OVER ALLEGED DEBT.
3
SHARES
16
VIEWS
Share on FacebookShare on Twitter

The Internal Revenue Service (IRS) in Cross River State has sealed all branches of First Bank in Cross River over tax defaults.

Newsmen gathered that the sealing which took place on Wednesday, was at the instance of a Special Court (Revenue) order in Cross River State.

In a suit No: MSC. NO. HC/SCT/MSC/BIR/02/2019 between the applicant (Cross River State Board of Internal Revenue) and the First Bank of Nigeria Plc, the court ordered the sealing of the Bank.

The bank was said to have owed the Cross River State Government accumulated tax revenue of over 211 Million Naira from 2005 to 2010.

The order was signed by the Chief Judge of Cross River State, Justice Michael Edem and Ekpo E. Archibong, the Chief Litigation Officer.

The order stated that the Motion Ex-parte was filed and dated the 25th day of September 2019 in pursuant to the provision of Section 104 of the Cross River State Revenue Administration Law 2011.

The court ordered that the bank’s goods, Chattels lands, premises, bonds and securities be seized for non-payment of N211, 094, 450.00 (Two Hundred and Eleven Million, Ninety-Four Thousand, Four Hundred and Fifty Naira).

The amount was the outstanding tax liability which was supposed to have been paid under the back duty Pay-As-You-Earn (PAYE) deductions, Business premises, Development levy and Withholding tax (Excluding Interest), liabilities for the period of 2005-2010.

Patience Vouda Egwu, Esquire, the Head Enforcement and Monitoring Unit of the Cross River State Internal Revenue Service was the duly authorised person to execute the warrant against the Bank for non-payment of the amount.

The court further stated, that the First Bank of Nigeria Limited, Calabar being the Distrainee shall pay the outstanding tax liability amount of N211, 094, 450 into Cross River State Revenue Account, using Code: 1203000000/401007F and the sum of N100,000.00 (One Hundred Thousand Naira) only is being awarded as cost.

The order dated 3rd day of October 2019 and 20 branches of the bank in Cross River State were affected with Calabar having over 12 branches. Sadly, customers who visited various branches were stranded as the red ribbons were used in sealing the bank and the Court order pasted all over the premises prevented them from assessing their money.

A customer who gave her name as Mary while speaking with our correspondent said, “I just arrived now to deposit money and I discovered the place was sealed and locked. I don’t know what to do because I don’t want to carry this money back – it is dangerous following the period we’re in”.

Another customer who did not give his name said, “I came here to withdraw money to buy things from the Watt Market for my shop, only to find out that the bank is sealed, I don’t know what to do. I tried using the ATM, but it was sealed too.

“I am running out of stock. If this is true, a big bank like First Bank should not be owing tax in any form.”

Efforts to speak with the General Manager of the Bank proved abortive as no one was allowed into the bank premises.

Security personnel at the gate of one of the branches told our Correspondent that, “As I came to work this morning, I saw the people from the CRSIRS sealing the office. I don’t know what is going on and our main oga has gone out too”.

Good journalism costs a lot of money, only good journalism can ensure the possibility of a good society, accountability democracy and a transparent government.
For continued free access to the best investigative journalism, we ask you to consider making a modest support to this noble profession.

Tags: AllegedBranchesChief JudgeCourtCross RiverDebtEkpo E. ArchibongnigeriaPatience Vouda EgwuShut down
Previous Post

KEYAMO GIVES DETAILS OF NLC MEETING WITH FG, REVEALS NEXT ACTION.

Next Post

GOV. OBIANO SYMPATHIZES WITH FIRE VICTIMS FAMILIES, DECLARES ASSISTANCE BY GOVT.

Stanley Anamali

Stanley Anamali

Next Post
KEYAMO GIVES DETAILS OF NLC MEETING WITH FG, REVEALS NEXT ACTION.

GOV. OBIANO SYMPATHIZES WITH FIRE VICTIMS FAMILIES, DECLARES ASSISTANCE BY GOVT.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Accident
  • Apps
  • Audio
  • Business
  • Celebrities
  • Crime
  • Education
  • Entertainment
  • Fashion
  • Food
  • Fraud
  • Gadget
  • Gaming
  • Gossip
  • Health
  • Law
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • Politics
  • Real Life
  • Religion
  • Science
  • Security
  • Sports
  • Startup
  • Tech
  • Travel
  • Uncategorized
  • Video
  • World
Golden Nation Blog

Welcome to Golden Nation Blog, a home of fresh music, entertainment, gist and many more.
You know what? We break the News

Recent News

Breaking: INEC declares Oborevwore winner of Delta governorship election

Breaking: INEC declares Oborevwore winner of Delta governorship election

March 20, 2023
Buhari signed 16 Constitution Amendment Bills into Law, permits States to generate electricity

Buhari signed 16 Constitution Amendment Bills into Law, permits States to generate electricity

March 18, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2019 Golden Nation Blog - Designed by Gigo360 Media.

No Result
View All Result

© 2019 Golden Nation Blog - Designed by Gigo360 Media.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In