Nigeria: Globacom, Sterling Bank offices sealed in Kano

October 29, 2011   ·   0 Comments

The Kano State Board of Internal Revenue has sealed the offices of Sterling Bank Plc and Globacom for defaulting to remit taxes.

The Globacom office was closed for its failure to pay N68,652,000 owed in taxes to the Kano State government from 2004-2006. Sterling Bank Plc also owed N29,210,308. 26.

The Executive Chairman of the board, Malam Habu Fagge, said the board had issued reminders and invitations letters to the management of the companies but they both failed to reconcile their accounts with the board.

Fagge added that the board will extend the debt recovery exercise to all defaulters.

When contacted, the spokesperson for Globacom, Charles Ikoabasi, said the company was not aware of the action but that he would find out from the department in charge of tax matters.

An official of Sterling Bank said that the bank has resolved the issue with the Kano State revenue board and N29.2 million has been paid to the government.