On Monday, the Enugu state government sealed eight commercial banks for alleged failure to remit 1 billion naira in taxes to the state government. According to the chairman of the State Board of Internal Revenue, Emeka Odo, the affected banks were Access Bank Plc, Stanbic IBTC, Skye Bank, Union Bank, Unity Bank, Heritage Bank, Keystone Bank and Sterling Bank.

According to reports, the affected banks were sealed off at about 6am on Monday by officials of the State Board of Internal Revenue who were accompanied by mobile policemen. The banks have a branch network of about 36 branches within Enugu metropolis and the neighbouring towns of Agbani and Ituku Ozalla of Enugu State.

According to Odo, the board had earlier on February 6 and 16, 2017 obtained emergency request from the State High Court to restrain the affected banks. He disclosed that the affected banks would remain under lock and key until they remit to the state government all the taxes they had collected and withheld.

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