Operatives of the Enugu State Inland Revenue Service on Tuesday sealed a branch of Sterling Bank Plc in the state.
The tax agency accused the financial institution of not remitting the necessary taxes to the state government as required by law.
It was gathered that the bank was specifically sealed on Tuesday over alleged non-remittance of withholding tax on interest deduction due to the Enugu State government for the period of 2015 and 2016.
The revenue board accused the bank of owing it to the tune of N72 million.
The bank was sealed after the Enugu State Board of Internal Revenue reportedly obtained a court order to carry out the action.
The affected lender’s branch is located on Ogui Road.
Meanwhile, efforts to reach the bank for comments at the time of filing this report were not successful.
