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Oyo seals 2 Banks over non-payment of Developmental Levies

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CBN goes tough on Nigerian banks, announces fines for failed transaction reversals, others

 

The Oyo state government on Monday disrupted the activities at 12 banks’ branches located in Ibadan, as the state’s Board of Internal Revenue sealed their offices for non-payment of Environmental Development Levy spanning over three years.

The affected banks are located in Dugbe, Ring Road, Challenge, Jericho, Bodija, Mokola and Iyaganku areas of the city.

Two enforcement teams from the board stormed the banks to carry out the order, but officials of some of the banks prevented them from sealing their premises. Some of them refused to leave the gates of the premises, thereby provoking confrontation with the law enforcement officers.

It took the intervention of a combined security forces that went with the teams to ensure that the order was carried out. In some of the branches, the order was stepped down in order to avoid violence.

The amount owed by the banks, according to the board, range from N800,000 to N5m. Our correspondent gathered that the banks owed the state more than N70m in levies.

Many customers were unable to access the premises, while those inside had to leave through back doors and fire escape routes.

When contacted on the development, the Chairman of the revenue board, Mr Bicci Alli, told our correspondent that the banks were given enough notice and time to pay what they owed the government.

He said, “The exercise was not outside the law. We went after some banks that failed to give to Oyo State what is due to it after giving due notices to them. We went to their offices this morning to seal their premises, because they failed to pay. It is going to be a continuous exercise this week and next week.

“It will be a part of our operation in the board until people learn to do the right things. We were able to lock about 11 banks for owing Environmental Development Levy. Some of the banks owe up to three years. We wrote letters to them and gave them a long time to comply.”

However,  many of the banks had been reopened after they paid the levy, adding that it was sad that they waited until action was taken against them.

 

 

 

 

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Bank staff donate medical equipment to Ifako-Ijaiye General Hospital

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Stanbic IBTC surrenders Venture Capital licence

 

Staffers of Stanbic-IBTC Bank have donated some medical equipment including three Units of PhotoTherapy Lights, Portable Phlegm Suction unit, EcoSound Fetal Doppler and a BlueGate UPS to the Ifako-Ijaiye General Hospital, Lagos.

Speaking during the presentation ceremony at the hospital premises, the Chief Financial Officer of the Bank, Dr. Kunle Adedeji said that members of the Finance Department of the Bank raise funds annually, through voluntary contributions, to finance a project or make donations to a public institution.

Adedeji revealed that the donations were distinct from those that formed part of the Bank’s Corporate Social Responsibility commitments to the society, noting that the medical equipment presented were procured by staffers of the bank’s finance department to support the hospital.

The Medical Director of the Hospital, Dr. Olusola Amure expressed appreciation and gratitude to the donors, assuring that the devices will be maintained to serve the desired purpose. He solicited more of such gestures from well-meaning Nigerians and Corporate Organisations.

Also speaking, the Head of Pediatrics Department, Dr. Adejoke Akande commended the bank officials for demonstrating their care and concern for children by reaching out to the hospital during this festive season.

“You cannot estimate the value of these donations as much as we do, because being the end users we appreciate them most,” she said

 

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Desarrollar Partners with Top Firms to Improve Real Estate Solutions

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Desarrollar Limited a lifestyle and leading real estate solutions company in Lagos, Nigeria has partnered with Union Trustees Limited, First Bank Trustees Limited and Banwo & Ighodalo and The Lodt Legal Partners to improve real estate services and solutions.

The partnership which was signed on Monday, in Lagos, will unveil Nigeria’s most secure and institutionalized real estate trust consortium aimed at safeguarding the financial investments of Nigerians and Africans living abroad and in Nigeria.

According to the Lead Partner, Desarrollar Limited, Mr Ikemefuna Mordi, the trust framework includes Nigeria’s leading Trustees, legal firms and real estate firms which will work towards ensuring and providing real estate solutions.

Ikemefuna said, “Desarrollar and its partners have created an institutionalised safe-haven to protect Nigerians and Africans in the Diaspora and those living on the African continent from fraud, deception and, sometimes, misplaced dependence on dishonest family-based relationships, through delivering full, seamless and stress-free lifestyle colutions to the Nigerian and African communities both at home and abroad.”

He explained that Desarrollar applies a premium standard of excellence to its residential development, commercial development and real estate acquisition services in Nigeria, The United States and the United Kingdom.Their websitewww.desarrollargroup.com throws more light on their Service offerings.

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Ex-Skye Banker, Tunde Ayeni not detained by EFCC

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Depositor's Guide: Ten quick things to know about Skye Bank takeover

…Only invited for questioning over alleged fraud

Following recent reports published by a national daily, The Punch Newspapers that the anti-graft body, Economic and Financial Crimes Commission, EFCC, has detained a former Chairman of Skye Bank Plc., (now Polaris Bank,) Mr. Tunde Ayeni, for alleged fraud, it has been reliably discovered that Tunde Ayeni was only invited for questioning at the Abuja office of the commission hours ago.

Confirming the development, the acting spokesman for the EFCC, Mr. Tony Orilade, said Ayeni was only being grilled by detectives over some issues related to fraud and embezzlement allegedly committed by Ayeni when he was Chairman of the bank few years ago.

“I can confirm that he is in our custody on an invitation, for questioning and interrogation. More information will be released tomorrow,” he said.

It would be recalled that the anti-graft agency had entered into an agreement with the Asset Management Corporation of Nigeria, AMCON, to check out some banks and its officials, who facilitated the huge non-performing loans in AMCON’s portfolio.

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