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
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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
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