The Kaduna State Internal Revenue Service (KADIRS) has sealed some branches of Access Bank, the Regional Office of Transmission Company of Nigeria and six other companies over tax liabilities amounting to N419.3 million.
According to the agency’s Head of Corporate Communications, Mr Zakari Muhammad, the affected bank and companies were closed based on a court order after they failed to settle their outstanding tax returns of N419.3 million.
He identified the companies as Access Bank – N249.9 million; Transmission Company of Nigeria’s Regional Office – N56.3 million; Transmission Company of Nigeria’s sub-regional office – N67.7 million; and Sky Express Airways – N5.4 million.
Others are Azman Air Services – N15.2 million; China Zhonghao Nigeria – N8.6 million; Indomie Noodle, Kaduna – N9.3 million; and Premier Feed Mills – N7 million.
Muhammad stated that KADIRS was empowered by law to seal the premises of organisations that fail to remit taxes due to the state, citing Section 104, sub-section 3 and 4 of the Personal Income Tax (Amendment) Act, 2011 and Section 37, sub-section 3 and 4 of Kaduna State Tax Codification and Consolidation Law, 2020, as the legal instruments.
Business
Weeks After Celebrating 50th Birthday, EFCC Declares Rewane’s Grandson, Dejare Adegbenro Wanted

The Economic Financial Crime Commission has declared socialite, Dejare Adegbenro wanted!
The businessman who is a grandson to late politician, Pa Alfred Rewane was declared wanted for fraud.
According to a statement by the commission, Adegbenro whose picture was posted on the website of EFCC is wanted for criminal breach of trust, obtaining money under false pretenses, issuing dud cheque among many other offences.
Adegbenro, a fun lover recently celebrated his 50th birthday.
A source hinted papermacheonline that Dejare couldn’t celebrate his birthday as he would have loved because of the financial issue hanging on his neck.
‘unlike him, he opted for a low-key celebration for fear of the unknown’, revealed the source.
Business
Ife Grand Resort; An Affordable Luxury In The Heart Of The Southwest





Business
GTBank, Zenith Bank Under Investigation For Data Breach

The Nigeria Data Protection Commission (NDPC) says it is investigating three banks, a university and other suspects over alleged data breach.
NDPC national commissioner Vincent Olatunji disclosed this in a statement on Thursday.
Mr Olatunji said the investigation came following complaints from data subjects. He explained that with the new Nigerian Data Protection Act (NDPA), the commission had been empowered with a legal framework to address issues of citizens’ data breaches.
“In the last few weeks, the NDPC has received complaints bordering on unlawful data processing, unauthorised access to personal data and violation of data subjects’ rights,” stated the NDPC chief. “Under Part 10 of the newly signed NDPA 2023, a data controller with a turnover of N200 billion yearly may pay as high as N2 billion, which represents two per cent of the gross revenue.”
He added, “Not only that, offenders also risk up to one-year jail term. We are currently investigating Guarantee Trust Bank, Fidelity, Unity, Zenith banks, Leadway Insurance and Babcock University, among others, for data breach.”
According to him, many micro-finance banks have yet to align their operations with data privacy and protection requirements.
He further revealed that loaning organisations would face the law with the new mandate of the Federal Competition and Consumer Protection Commission.
Mr Olatunji said the mandate required loan organisations to seek compliance and clearance from NDPC before approving online lenders.
“The commission is investigating over 400 complaints in the online lending sector. Soko Loan is already working on a comeback to the digital lending market, but yet to be approved,” said the commissioner.
He, however, said that the commission was engaging in sensitisation exercises to ensure that data controllers understood the implications of a data breach.
According to the national commissioner, the NDPC prioritises awareness more than the scorched earth enforcement process.
Source; barristerNG.com
Business
Government Seals Access Bank Over Tax Liability

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