5 WEEKS AFTER ALL ITS BRANCHES WERE CLOSED OVER TAX EVASION, FIRST BANK FINALLY REOPENS FOR BUSINESS IN KOGI
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A high court in Lokoja had ordered the seal-off of all the branches of the bank in the state over the bank’s failure to remit N411.12m in taxes to the coffer of the state government.
Daily Trust noted that after five weeks of closure, many customers of the bank on Monday were seen transacting various businesses in the two branches of the bank in Lokoja.
The Acting Executive Chairman, Kogi State Internal Revenue Service, KGIRS, Alhaji Sule Salihu Enehe said the development was due to the fact that the bank had settled “some percentage” of the tax in question to the coffer of the state government.
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