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Niger seals AEDC office, eight banks, others over revenue deficits

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FILE PHOTO: Electricity pylons PHOTO: REUTERS/Neil Hall/File Photo<br />

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

In a document obtained by The Guardian, the chairman of the board, Mohammed Madami Etsu, noted that the affected organisations were yet to pay their tax of up to N456 million.

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He justified the action saying: “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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