Tag: Commercial Banks

FIRS directs Commercial Banks to close unauthorised collection accounts

Emporium Reporters

The Federal Inland Revenue Service (FIRS) has directed all commercial banks in Nigeria to immediately identify and close any tax and levy collection accounts not authorised under its TaxPro Max system.   The directive was announced in a public notice signed by the FIRS Chairman, Zacch Adedeji, and shared by his Special Adviser on Media, Dare Adekanmbi.   According to the notice titled “Directive to Close Unauthorised FIRS Tax Collection Accounts,” all tax and levy collections on behalf of the FIRS must now be processed exclusively through assessments raised on…

Senate demands probe of Commercial Banks over illicit, excessive charges

Emporium Reporters

The Senate has mandated its Committee on Banking, Insurance and Other Financial Institutions to cause an investigation into illicit and excessive bank charges by Commercial banks operating in the country. This was even as the upper chamber urged the Central Bank of Nigeria to look into the complaints of Nigerians in this regard with a view to reviewing downward all charges on their bank accounts. The resolutions were reached sequel to the consideration of a motion sponsored by Senator Patrick Abba Moro (PDP – Benue South). The lawmaker in his…