Ekiti Goes Tough on Banks, Shuts 2 for Alleged Fraudulent Tax Practices


By Olakiitan Victor in Ado Ekiti

The Ekiti State Government on Wednesday went tough on banks engaging in alleged  fraudulent practices  in the tax policy, as it sealed two commercial banks found culpable of the illegal act.

Many of the  customers who had besieged the affected banks in Ado Ekiti, the Ekiti State capital, early in the morning went home disappointed as they were under  lock and  key over alleged non-remittance of withholding tax payable to the state.

The new generation banks,  Guaranty Trust Bank (GTB) and Ecobank, both located on Secretariat Road, were shut by the officials of the Board of Internal Revenues..

Aside from the doors to the banking halls, the gates of the two banks were firmly locked by the revenue officials.

The two banks had earlier had issues with the state government for their refusal to give money to government contractors handling  rehabilitation of the Secretariat Road where they are located as part of their corporate social responsibility.