CBN Orders Closure Of Banks In Minna As Tax Crisis Deepens

September 13, 2021
CBN
CBN

CENTRAL Bank of Nigeria has issued a directive, ordering all Commercial Banks In Niger State to embark on an indefinite strike, if the state’s Internal Revenue Service does not withdraw the tax levied against them, before Monday the 13th of Sept 2021.

In line with intelligence gathered, eight banks and three other enterprises have already been shut by state inland revenue service, for failing to pay a total tax liability of N460 million to the state government’s coffers.

Join our WhatsApp Channel

Currently, all banks in Minna are closed, with the directive that ATMs be shut as well.

The Banker’s Committee in the state has also reiterated the the threat in an email, ordering the Niger State Board of Internal Revenue to reopen the closed banks and retract the tax claims levied against them or the strike continues.

Reacting to the development, Special Adviser, Media and Communications, Niger State Internal Revenue Agency, Hussaini Abdulrahman, has explained this as an attempt to blackmail the state internal revenue service.

In his words, “this strike was instigated by Access Bank. A letter was written to Access Bank to come forward and clear their outstanding debt. Instead of responding in the right way, they went and manipulated other banks using Bankers Committee and started the strike.”

+ posts

Featured Stories

Latest from Currency

BoU Warns Sovereignty Bill Could Trigger Currency Crisis, Capital Flight

Written by Amanze Chinonye Uganda’s central bank has raised alarm over the proposed Protection of Sovereignty Bill, 2026, warning lawmakers that its provisions could destabilise the economy, weaken the currency, and drive up inflation, Prime Business Africa reports. Governor Michael Atingi-Ego, who appeared
Why CBN Retained Bencmark Interest Rate At 27.5%

Central Bank Cuts Interest Rate to 26.5% as Inflation Eases

Written by Prosper Okoye The Central Bank of Nigeria has reduced its key interest rate to 26.5%, signalling growing confidence that inflation is beginning to slow. The decision, announced in Abuja by Governor Olayemi Cardoso, marks the first rate cut since November 2025.
Nigeria Now Leading Cement Exporter In Africa – Dangote

Why Tinubu’s Policies Can Crash Dollar Rate – Dangote

Written by Prosper Okoye The Chairman of the Dangote Group, Aliko Dangote, has said that current government policies could significantly strengthen the naira against the US dollar, potentially bringing the exchange rate down to as low as ₦1,100 to $1. Dangote made the
Rotimi Amaechi
Previous Story

NIMASA Not Meant To Generate Revenue, Says Amaechi

Next Story

Nigeria Youth Futures Fund Will Equip a New Cadre of Youth Leaders in the Region

Don't Miss

Fuel Price To Hit N700/litre, Up From N500 – Oil Marketers Reveal

Why Fuel Queues Returned In Abuja – NNPC

The Nigerian National Petroleum Company (NNPC) Ltd., has attributed the
#EdoDecides2024: INEC Extends Voting Time In Areas Where It Started Late

Civil Society Groups Oppose Buhari’s INEC Nominees In Sokoto, Ebonyi, Enugu, Imo States

Civil society groups in Nigeria  have moved against  four of