Banks in Imo embark on strike over huge taxes

Banks in Imo State yesterday embarked on s strike following an alleged imposition of huge tax on them by the government.

The industrial action which is said to be an indefinite strike, came up following the refusal of the government to reduce the excessive tax.

Government was said to have disagreed with the bank Labour Union leaders who are demanding for the reduction of the monthly tax to N200,000.

“Business news” gathered that efforts by the banks to facilitate the reduction of the tax by the government failed.

They said if the banks were to pay the N200,000 mandatory tax monthly, each of them would pay N1.6 million annually.

Following this, business activities were paralysed as customers, who stormed the banks as early as 8.am, were refused entry as their gates were locked.

However, the Special Assistant to the Governor on Media, Mr. Ebere Uzokwa, said that the matter would be resolved amicably.

2 Comments

1. 

   Anayo Uchegbu

   May 25, 2012 at 9:18 am

   Your headline reads Banks in Kano while your commentary reads Banks in Imo… Haba!!!
2. 

   Archamza

   May 25, 2012 at 10:42 am

   Kano or Imo pls stop issuing news that are not well edited.