Kano seals five GTB branches over tax evasion, leaving many customers stranded

Many customers of the Guarantee Trust Bank (GTB) were today stranded, when the Kano State Internal Revenue Service (KIRS)  sealed five branches of  Bank over tax evasion.

The agency said the closure is in line with an order issued by Kano State High Court over the bank’s failure to audit and pay its taxes between 2014 and 2019. The Legal Director of the agency, Barrister Bashir Yusuf Madobi, while briefing newsmen during the exercise,  said the bank’s refusal to pay the amount accruing to N1,005,687,755.55 or release some of their audit reports forced the agency to take the action.

Read more details at Dailytrust

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