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.
Read also: Kano govt dismisses four civil servants for alleged misconduct
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.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
Donate Now
