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The Akwa Ibom State Internal Revenue Service (AKIRS) in its enforcement drive has shut down three banks over failure to remit outstanding tax liabilities of  N228,684 million naira to the State Government.

The Enforcement and Recovery Department, AKIRS, which embarked on the enforcement drive in the early hours of Thursday,  sealed off, two Keystone Bank branches, at Abak Road and Ikot Ekpene Road, Uyo, and Heritage Bank located at Aka Road, Uyo following an order of Notice of Distrain from the Akwa Ibom State High Court, Eket Judicial Division.

Speaking to newsmen, the Executive Director, Enforcement and Recovery, AKIRS, Mr Leo Umana, said Heritage Bank has failed to remit its N100,270,910 tax liabilities to the State while Keystone Bank tax liabilities run into N128,413,882. The Executive Director, Enforcement and Recovery said AKIRS had given warning notices and exhausted reconciliation and negotiation opportunities with the organizations hence the action.

Umana pointed out that since the Banks have refused to remit taxes accruing to the State despite the long period of time given them, AKIRS is left with no choice but to get exparte order in order to recover State Government revenue.

Umana noted that for the banks that served the Notice of Distrain, under the law, they have 14 days to negotiate with AKIRS and vacate the order. He added, " If after 14 days, they do not comply, we have the mandate of the court to sell the property and recover the tax owed the State."

He said that in the ongoing enforcement drive of AKIRS, the Agency is poised to recover State government revenue thus helping the state government realize its ARISE agenda.

The Warrant of Distrain earlier received from the High Court of Akwa Ibom in the Eket Judicial Division signed by Hon Justice Effiong Effiong which orders that access to the bank premises and its facilities be restricted, further reads,

"A Warrant of Distrain is as a result of this issued upon any land, premises or place of business in respect of which the Respondent is the owner or occupier at 39 Abak Road, Uyo Akwa Ibom State in satisfaction of outstanding Tax liability of N128, 413, 882.20( One Hundred and Twenty-Eight Million, Four Hundred and Thirteen Thousand and Eighty Two Naira, Twenty Kobo) established against the Respondent".

"A Warrant of Distrain is as a result of this issued upon any land, premises or place of business in respect of which the Respondent is the owner or occupier at 41 Aka Road, Uyo Akwa Ibom State in satisfaction of outstanding Tax liability of N100, 270, 901.62 (One Hundred Million, Two Hundred and Seventy Thousand, Nine Hundred and One Naira, Sixty Two Kobo) established against the Respondent".