Enugu govt seal federal institutions hotels banks over n30bn tax debt

A recent development in Enugu State, Nigeria!

According to reports, the Enugu State Government has sealed off several federal institutions, hotels, and banks in the state over a tax debt of over N30 billion.

Here are some details:

• The affected institutions include the Federal College of Education (Technical), Federal Medical Centre, and the National Centre for Disease Control.
• The hotels sealed off include the Sheraton Hotel, Enugu, and the Golden Tulip Hotel.
• The banks affected include the United Bank for Africa (UBA), First Bank of Nigeria, and the Guaranty Trust Bank (GTB).
• The Enugu State Government claims that the institutions and businesses owe a total of N30.4 billion in taxes, including Value Added Tax (VAT), Pay As You Earn (PAYE), and other taxes.
• The government has given the defaulting institutions and businesses a 14-day ultimatum to pay up their outstanding taxes or face further action.

This move by the Enugu State Government is aimed at ensuring that all businesses and institutions operating in the state pay their fair share of taxes and contribute to the state's revenue generation.

It's worth noting that this is not the first time the Enugu State Government has taken such action. In 2020, the government sealed off several businesses and institutions over tax debts, including the Enugu State University of Science and Technology (ESUT) Teaching Hospital.

The Enugu State Government's decision to seal off these institutions and businesses is a clear indication of its commitment to ensuring that all taxpayers, including federal institutions and businesses, comply with tax laws and regulations.