Latest
Tax evasion: Kano issues ultimatum to three banks
The Kano state government has issued a two-week ultimatum to three commercial banks to pay their outstanding trade registration fees or face closure.
The banks include FirstBank, Ecobank and Unity Bank.
A mobile court presided over by Senior Magistrate, Ibrahim Gwadabe on Thursday in Kano convicted the three banks for failure to pay Trade Registration Fees to the state government through the Ministry of Commerce Industry Cooperative and Solid Minerals.
The offence, according to the judge, contravenes Sections 8 and 9 and is punishable under Section 14 of the Kano State Trade Registration Law 2014.
The information officer of the ministry, Sa’adatu Sulaiman, said the judge, however, ordered the three banks to settle the outstanding fees within two weeks or face closure from their activities until they settled the bills.
Last year, the Kano State Internal Revenue Services (KIRS) sealed five branches of Guaranty Trust Bank in Kano over failure to pay taxes to the state government.
-
Football1 week agoFrance confirms U-20 Women’s World Cup participation amid FIFA-UEFA rift
-
Business1 week agoNigeria’s external debt service falls 31.5% to $954m in Q1 2026
-
Football5 days agoWAFCON 2026: Super Falcons battle South Africa for World Cup play-off spot
-
Latest7 days agoMessi reportedly faced multiple bomb threats during 2026 World Cup
-
Latest5 days agoOsun 2026: Oyinlola group backs Oyebamiji, faults Adeleke over exclusion
-
Business3 days agoBigi, Fearless take campus engagement to new level, reach 20 tertiary institutions
-
Featured1 week agoOsun Governorship Election: Adeleke faces tough test as APC, ADC mount challenge
-
Latest7 days agoNFF denies calling for Infantino’s resignation