Ekiti State High Court sitting in Ado-Ekiti, the State capital has ordered the sealing of of Union Bank PLC at Ijigbo in Ado-Ekiti over failure to pay a sum of N1.1million (One Million, One Hundred Thousand) as taxes on its business premises.
The Ijigbo branch of the bank was immediately sealed by Ekiti State Internal Revenue Service (EKIRS) following the court order.
It was learnt that trouble started after the bank neither made any objection to the demand notice nor any payment until the period of grace lapsed after the bank was duly served with the demand notice for the sum of N1.1million (One Million, One Hundred Thousand) remittance.
The EKIRS, in a statement signed by its Executive Chairman, Eleazar Olumuyiwa Ogunmilade, on Thursday, in Ado-Ekiti, clarified that the Government went through due process and commendable restrains before sealing off the premises.
The EKIRS, however, stated that while the State Government is committed to the development of the private sector, tax evasion will not be tolerated, it emphasised.