Six United Bank for Africa (UBA) branches have been closed by the Kaduna State Internal Revenue Service (KADIRS) due to suspected N14 million tax evasion.
According to Daily Trust, the operation followed the non-compliance of the management of the bank to series of notices sent to them by the service.
The team led, by the Board Secretary and Legal Adviser of the service, Barrister Aysha Muhammad, sealed off the branches in company with security agencies.
She said KADIRS “In exercise of the powers vested in it by Section 104 of the Personal Income Tax Act, is authorised by the court to collect and recover the sum of N14,367,322.20k, being arrears of tax due from 2019 to 2021 from the above named agent/organization whose place of business is in Kaduna.”
She added that a distress cost of N250,000 is also owed by the bank.
The bank has yet to react to the seal off and its management in Kaduna declined comment when contacted by our correspondent.