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Niger State Revenue Board Shuts Down AEDC, Banks

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The Niger State Internal Revenue Service has closed down the premises of Abuja Electricity Distribution Company (AEDC), eight banks, and three other organisations.

The chairman of the Board, Mohammed Madami Etsu, noted in a document that the affected organisations were yet to pay their tax of up to N456 million.

“The exercise was carried out in line with the provisions of the relevant tax laws.”

It was learned that AEDC was sanctioned for a tax deficit of N45.8 million; Stanbic IBTC Bank, 113.2 million; Polaris Bank, N74.8 million; UBA, N68.9 million; Union Bank, N47.1 million; First Bank, N45.7 million; Heritage Bank, N31.5 million; Unity Bank and GTB were charged for owing N14 million and N8.2 million respectively.

Other affected institutions include Aloe Vera International Hotel (N3.9m) and Rashida Restaurant (N3.2m).

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