The Anambra State government yesterday sealed off two branches of Union Homes Saving and Loan in Onitsha and Nnewi.
The action was an enforcement of the order of an Onitsha High Court issued on December 14, 2014.
A team of staff of Internal Revenue Service, led by the Head of Enforcement Mr. Basil A.Onwuzulume arrived the Onitsha branch of the bank at 11.30am yesterday and told the few staff of the bank on duty to pack their things and leave, because he was there with his team to effect an order of the court obtained against the bank for failure to meet up with its tax obligations.
The bank was said to be owing remittance of its Pay As You Earn deductions made from its staff between January 2002 and December 2007, amounting to more than N450 million.
Soon after they moved out, Mr. Onwuzulume locked the entrances to the bank and sealed off the gates to prevent movement in and out of premises.
From there, the team drove to the office of the bank at Bank Road Nnewi, where a similar action was carried out.
In answer to a question, Mr. Onwuzulume said the seal off of the two branches of the bank was the climax of series of appeals and interactions between the Internal Revenue Service, Anambra State and the authorities of the bank over its tax evasion.
He explained that when all appeals to comply failed, his office went to court and obtained court judgment since December 2014.