The Akwa Ibom State Internal Revenue Service has sealed the two branches of Keystone Bank and another one belonging to Heritage Bank for their alleged failure to remit outstanding tax liabilities of N228.6m to the state government.
The banks were shut down on Thursday during an exercise conducted by the board’s Enforcement and Recovery Department, following an order of Notice of Distrain from the Akwa Ibom State High Court, Eket Judicial Division.
The board stated that if the affected banks do not settle the debts within 14 days, it had to mandate of the court to dispose of their property to recover the amounts owed.
