Oyo seals off 12 banks in ibadan
It seems like you're referring to a recent news article or event. Oyo State Government has indeed sealed off 12 banks in Ibadan, the state capital, over alleged non-compliance with tax payment and other regulatory requirements.
According to reports, the affected banks include:
- First Bank of Nigeria
- United Bank for Africa (UBA)
- Guaranty Trust Bank (GTB)
- Zenith Bank
- Access Bank
- Ecobank
- Stanbic IBTC Bank
- Fidelity Bank
- Union Bank
- Keystone Bank
- Wema Bank
- Polaris Bank
The state government, through its Ministry of Finance, Public Works and Infrastructure, sealed off the banks as part of its efforts to ensure that all businesses operating in the state comply with tax laws and regulations.
The affected banks were said to have failed to pay their outstanding taxes and other regulatory fees, leading to the sealing off of their premises. The state government has given the banks a deadline to settle their outstanding debts and comply with regulatory requirements.
It's worth noting that the sealing off of the banks is a significant move by the Oyo State Government to ensure that all businesses operating in the state are compliant with tax laws and regulations. This move is expected to generate revenue for the state and promote transparency and accountability in the business community.