NewsPolitics

River State Governor Threatens to Shut Down Banks, other Businesses

River State Governor Threatens to Shut Down Banks, other Businesses

Governor Nyesom Wike of River State has threatened to shut down banks and other businesses if they continue to pay Value Added Tax (VAT) to the federal government through the Federal Inland Revenue Service(FIRS).

He made the statement today during an interactive session with corporate organizations in the state.

Recall that there is an ongoing cold war between the FIRS and the Rivers State Government over which authority has the right to collect VAT. Information Guides Nigeria

See Other Top News:

According to reports by RipplesNigeria, the governor’s threat was a reaction to a Federal High Court ruling, which dismissed FIRS’ move to stop the state government from collecting VAT until the determination of the matter in court.

Governor Wike encouraged businesses and organizations to pay their taxes to the coffers of the state government for the improvement of infrastructures and crucial sectors in the state.

Stressing on the issue, Wike said:  “What we are doing is not against the law and it is obvious for everyone to see. In September, a lot of projects are earmarked to be commissioned. Kindly pay your taxes”.

The governor added: “Rivers state will not hesitate to apply sanctions in line with the VAT laws to defaulting organisations. This is part of giving governance a human face”.

As reported by RipplesNigeria, Wike stressed that states have been authorized by the court to collect tax.

Earlier, RipplesNigeria had reported that the governor warned FIRS over the issue of sabotaging the state government in order to administer its own tax and other related laws in the state.

Wike advised the people not to worry, adding that the issue is constitutional and should have nothing to do with politics or political parties. JAMB Result

Check and Confirm: How much is Dollar to Naira today

 

 

 

 

 


🤑 Start making money from home today!

👉 Get correct FREE TIPS and Guides on how to make money from home today. Click here to start

.

.

👍Showcase your business here!

With over 1M unique users per month across all channels, we have a large audience for you to showcase your products and services. Simply get in touch via 👉 marketing@Infoguidenigeria.com.

 

🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here

.

This post can be helpful to somebody else, please share it on Facebook, Whatsapp, Telegram and Twitter. There are buttons below for this (easy to use too)!


Copyright Warning!

Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgment.
.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).
.
We publish all contents with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us at [infoguidenigeria@gmail.com] to file a complaint and we will take necessary actions immediately.

Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button