Kano government threatens to close three banks for non-payment of taxes

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The Kano state government has issued a two-week ultimatum to three commercial banks to pay their overdue commercial registration fees or be shut down.

Banks include FirstBank, Ecobank and Unity Bank.

A circuit court chaired by Chief Magistrate, Ibrahim Gwadabe, on Thursday in Kano sentenced the three banks for non-payment of business registration fees to the state government through the Ministry of Commerce, Industry, of the cooperative and solid minerals.

Also Read: Kano government fires four officials for alleged misconduct

The offence, according to the judge, violates Sections 8 and 9 and is punishable under Section 14 of the Kano State Trade Registration Act 2014.

The ministry’s information officer, Sa’adatu Sulaiman, said the judge, however, ordered the three banks to settle the outstanding fees within two weeks or face closing their operations until they paid the bills.

Last year, the Kano State Revenue Service (KIRS) sealed five branches of the Guaranty Trust Bank in Kano for non-payment of taxes to the state government.

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