Delta Blacklists Two Banks Over Missing N1.1billion

Delta Blacklists Two Banks Over Missing N1.1billion

The Delta state Board of Internal Revenue (DBIR), has blacklisted Union Bank PLC and Diamond Bank PLC, from the list of banks that will be collecting its Internally Generated Funds (IGR) in the state for alleged unethical banking procedures.

Speaking on the issue, the executive chairman of the board Joel Onuawokpo, said the action was due to reports of alleged N1.1billion missing from DBIR accounts.

According to him, an investigation was instituted and the findings implicated,the two collecting banks for the state’s internally generated revenue.

He alleged that the banks had failed to remit N1.1billion tax revenue paid into its accounts several days after a multinational oil giant, Chevron Nigeria Limited, paid the money through the servicing banks.

Source: Naij.com

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