The Niger State Internal Revenue Service, under the leadership of Muhammad Etsu Madami, has secured a significant court victory against Stanbic IBTC Bank.
READ ALSO: Niger state Government takes measures to block revenue leakages
The tribunal emphasized that the Niger State Internal Revenue Service possesses the constitutional and statutory authority to take action against tax defaulters within the state.
After Stanbic IBTC rejected these demands, the Revenue Service issued a Notice of Refusal to Amend (NORA) with a threat to execute distrain against the bank.
The tribunal clarified that the Revenue Service had the right to take such action once the tax assessment became final and conclusive.
In its submission, the Revenue Service argued that Stanbic IBTC failed to challenge the assessment within the legally allowed timeframe, thereby forfeiting the jurisdiction of the tribunal.
The ruling also noted that Stanbic IBTC did not question the legal validity of the NORA issued by the Revenue Service, and no specific request was made to quash it.
This victory underscores the efforts of Muhammad Etsu Madami, who has been working to reform and enhance the Revenue Service since taking office in 2021.
Under his leadership, revenue collection has grown substantially, aided by the implementation of the Integrated Tax Administration System (ITAS), which has bolstered the state’s tax base and reduced system loopholes, ultimately boosting the state’s Internally Generated Revenue (IGR).
The ruling at the Tax Appeal Tribunal against Stanbic IBTC Bank Plc serves as evidence of the meticulous and efficient service under Muhammad Etsu Madami’s leadership, demonstrating astute management of both human and material resources.
Leave a Reply