[PHOTOS] Enugu Revenue Board seals Sterling Bank branch over alleged tax evasion

[PHOTOS] Enugu Revenue Board seals Sterling Bank branch over alleged tax evasion

Operatives of the Enugu State Inland Revenue Service on Tuesday sealed a branch of Sterling Bank Plc in the state.

The tax agency accused the financial institution of not remitting the necessary taxes to the state government as required by law.

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It was gathered that the bank was specifically sealed on Tuesday over alleged non-remittance of withholding tax on interest deduction due to the Enugu State government for the period of 2015 and 2016.

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The revenue board accused the bank of owing it to the tune of N72 million.

The bank was sealed after the Enugu State Board of Internal Revenue reportedly obtained a court order to carry out the action.

The affected lender’s branch is located on Ogui Road.

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Meanwhile, efforts to reach the bank for comments at the time of filing this report were not successful.