Tax evasion: 5 weeks after closing, FirstBank reopens its doors in Kogi

First Bank of Nigeria Plc has reopened all its branches in Kogi State after more than a month of closure due to alleged tax evasion of N411.12 million.

A High Court in Lokoja had ordered the closure of the bank’s branches in the state due to the bank’s alleged failure to hand over N411.12 million to the state government vault.

In response to the court order, the Kogi State Government on September 13, 2022 closed FirstBank branches in the state.

Daily Trust noted that after five weeks of closure, many bank customers were seen transacting at the bank’s branches in Lokoja on Monday.

One customer, Musibau Ahmed, recounted the bitter experience of the shutdown, saying some of them had to drive out of state, others as far as Abuja for the transaction.

Acting Executive Chairman of Kogi State Internal Revenue Service, KGIRS, Alhaji Sule Salihu Enehe has confirmed the reopening of the bank in the state.

He said the development was due to the bank settling “a certain percentage” of the tax.

Enehe added that efforts were intensified to ensure that the bank paid all taxes, stressing that the reconciliation process had begun.

An attempt to speak to FirstBank about the matter was rebuffed by security guards at the bank’s gate in Lokoja.

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